Londinia Opportunities Analyses - 06/18/2021 (GMT) NOK/ZAR - 1H

- ZAR (-)
- Real time data - Forex
Type: Forex
Ticker: NOKZAR
ISIN:

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  • FX/Indices
  • Timeframe : 1H
  • - Analysis generated on
  • Status : INVALID

Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Strongly bearish
Technical indicators
11%
83%
6%
My opinion
Bearish under 1.6407 ZAR
My targets
1.6305 ZAR (-0.0058)
1.6172 ZAR (-0.0191)
My analysis
NOK/ZAR is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 1.6407 ZAR. The next support located at 1.6305 ZAR is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 1.6172 ZAR. Below this support, sellers could then target 1.5727 ZAR. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.

In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
8.4

Analysis too old. There are no more charts available.

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Additional analysis

Quotes

The NOK/ZAR rating is 1.6363 ZAR. The price registered a decrease of -0.87% on the session with the lowest point at 1.6343 ZAR and the highest point at 1.6529 ZAR. The deviation from the price is +0.12% for the low point and -1.00% for the high point.

1.6343
1.6529
1.6363

Here is a more detailed summary of the historical variations registered by NOK/ZAR:
The Central Records scanner for higher/lower results shows an item:

Central Records

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of this 1H chart of NOK/ZAR indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:

Central Indicators

Moving Average bearish crossovers : MA20 & MA50

Type : Bearish

Timeframe : 1 hour



An assessment of technical indicators shows a strong bearish signal.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is under support 3

Type : Neutral

Timeframe : 1 hour


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Central Patterns

Horizontal resistance is broken

Type : Bullish

Timeframe : 1 hour


Support of triangle is broken

Type : Bearish

Timeframe : 1 hour



The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:

Central Candlesticks

Three black crows

Type : Bearish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1.5727 1.6305 1.6357 1.6363 1.6407 1.6446 1.6480
Change (%) -3.89% -0.35% -0.04% - +0.27% +0.51% +0.72%
Change -0.0636 -0.0058 -0.0006 - +0.0044 +0.0083 +0.0117
Level Minor Intermediate Intermediate - Minor Major Minor



Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.63041.63751.64411.65121.65781.66491.6715
Camarilla1.64691.64821.64941.65071.65201.65321.6545
Woodie1.63021.63741.64391.65111.65761.66481.6713
Fibonacci1.63751.64271.64601.65121.65641.65971.6649


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.56671.58961.61721.64011.66771.69061.7182
Camarilla1.63081.63541.64011.64471.64931.65401.6586
Woodie1.56901.59081.61951.64131.67001.69181.7205
Fibonacci1.58961.60891.62081.64011.65941.67131.6906


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.49751.56631.60891.67771.72031.78911.8317
Camarilla1.62081.63101.64121.65141.66161.67181.6820
Woodie1.48431.55981.59571.67121.70711.78261.8185
Fibonacci1.56631.60891.63521.67771.72031.74661.7891

Numerical data


The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators
Moving averages

RSI (14): 30.40
MACD (12,26,9): -0.0031
Directional Movement: -13.4475
AROON (14): -92.8571
DEMA (21): 1.6422
Parabolic SAR (0,02-0,02-0,2): 1.6486
Elder Ray (13): -0.0066
Super Trend (3,10): 1.6510
Zig ZAG (10): 1.6372
VORTEX (21): 0.8322
Stochastique (14,3,5): 12.02
TEMA (21): 1.6393
Williams %R (14): -95.14
Chande Momentum Oscillator (20): -0.0151
Repulse (5,40,3): -0.3560
ROCnROLL: 2
TRIX (15,9): -0.0150
Courbe Coppock: 1.20
MA7: 1.6489
MA20: 1.6471
MA50: 1.6861
MA100: 1.7146
MAexp7: 1.6411
MAexp20: 1.6465
MAexp50: 1.6490
MAexp100: 1.6493
Price / MA7: -0.76%
Price / MA20: -0.66%
Price / MA50: -2.95%
Price / MA100: -4.57%
Price / MAexp7: -0.30%
Price / MAexp20: -0.63%
Price / MAexp50: -0.78%
Price / MAexp100: -0.79%

Quotes : - Real time data - Forex