Londinia Opportunities Analyses - 06/24/2022 (GMT) NOK/PLN - 1H
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
- FX/Indices
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 0.4481 PLN
My targets
0.4502 PLN (+0.0013)
0.4519 PLN (+0.0030)
My analysis
The bullish trend is currently very strong on NOK/PLN. As long as the price remains above the support at 0.4481 PLN, you could try to benefit from the boom. The first bullish objective is located at 0.4502 PLN. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.4519 PLN as an objective. Crossing it would then enable buyers to target 0.4530 PLN. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.4
Analysis too old. There are no more charts available.
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Additional analysis
Quotes
The NOK/PLN rating is 0.4489 PLN. On the day, this instrument gained +0.25% and was between 0.4477 PLN and 0.4492 PLN. This implies that the price is at +0.27% from its lowest and at -0.07% from its highest.0.4477
0.4492
0.4489
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of NOK/PLN in 1H shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
In fact, 14 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
MACD crosses UP its Moving Average
Type : Bullish
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:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Near support of channel
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.4449 | 0.4467 | 0.4481 | 0.4489 | 0.4502 | 0.4519 | 0.4530 |
| Change (%) | -0.89% | -0.49% | -0.18% | - | +0.29% | +0.67% | +0.91% |
| Change | -0.0040 | -0.0022 | -0.0008 | - | +0.0013 | +0.0030 | +0.0041 |
| Level | Minor | Intermediate | Major | - | Major | Intermediate | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 0.4414 | 0.4441 | 0.4459 | 0.4486 | 0.4504 | 0.4531 | 0.4549 |
| Camarilla | 0.4466 | 0.4470 | 0.4474 | 0.4478 | 0.4482 | 0.4486 | 0.4490 |
| Woodie | 0.4411 | 0.4439 | 0.4456 | 0.4484 | 0.4501 | 0.4529 | 0.4546 |
| Fibonacci | 0.4441 | 0.4458 | 0.4469 | 0.4486 | 0.4503 | 0.4514 | 0.4531 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.4333 | 0.4390 | 0.4424 | 0.4481 | 0.4515 | 0.4572 | 0.4606 |
| Camarilla | 0.4433 | 0.4441 | 0.4450 | 0.4458 | 0.4466 | 0.4475 | 0.4483 |
| Woodie | 0.4322 | 0.4384 | 0.4413 | 0.4475 | 0.4504 | 0.4566 | 0.4595 |
| Fibonacci | 0.4390 | 0.4425 | 0.4446 | 0.4481 | 0.4516 | 0.4537 | 0.4572 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.4105 | 0.4281 | 0.4419 | 0.4595 | 0.4733 | 0.4909 | 0.5047 |
| Camarilla | 0.4471 | 0.4499 | 0.4528 | 0.4557 | 0.4586 | 0.4615 | 0.4643 |
| Woodie | 0.4086 | 0.4272 | 0.4400 | 0.4586 | 0.4714 | 0.4900 | 0.5028 |
| Fibonacci | 0.4281 | 0.4401 | 0.4475 | 0.4595 | 0.4715 | 0.4789 | 0.4909 |
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): | 55.01 | |
| MACD (12,26,9): | 0.0001 | |
| Directional Movement: | 6.8365 | |
| AROON (14): | -42.8571 | |
| DEMA (21): | 0.4485 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.4506 | |
| Elder Ray (13): | 0.0004 | |
| Super Trend (3,10): | 0.4461 | |
| Zig ZAG (10): | 0.4489 | |
| VORTEX (21): | 1.0482 | |
| Stochastique (14,3,5): | 62.12 | |
| TEMA (21): | 0.4485 | |
| Williams %R (14): | -13.64 | |
| Chande Momentum Oscillator (20): | 0.0007 | |
| Repulse (5,40,3): | 0.1610 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0024 | |
| Courbe Coppock: | 0.21 |
| MA7: | 0.4478 | |
| MA20: | 0.4507 | |
| MA50: | 0.4595 | |
| MA100: | 0.4677 | |
| MAexp7: | 0.4485 | |
| MAexp20: | 0.4484 | |
| MAexp50: | 0.4481 | |
| MAexp100: | 0.4480 | |
| Price / MA7: | +0.25% | |
| Price / MA20: | -0.40% | |
| Price / MA50: | -2.31% | |
| Price / MA100: | -4.02% | |
| Price / MAexp7: | +0.09% | |
| Price / MAexp20: | +0.11% | |
| Price / MAexp50: | +0.18% | |
| Price / MAexp100: | +0.20% |
Quotes :
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Real time data
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Forex