AUD/NOK - 1H - Technical analysis published on 08/23/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
50%
11%
39%
My opinion
Bullish above 6.8162 NOK
My targets
6.8353 NOK (+0.0082)
6.8829 NOK (+0.0558)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on AUD/NOK as long as the price remains well above 6.8162 NOK. The buyers' bullish objective is set at 6.8353 NOK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 6.8829 NOK. If there is any crossing, the next objective would be the resistance located at 6.9499 NOK. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
6.6
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The AUD/NOK rating is 6.8271 NOK. On the day, this instrument lost -0.01% and was between 6.8187 NOK and 6.8431 NOK. This implies that the price is at +0.12% from its lowest and at -0.23% from its highest.6.8187
6.8431
6.8271
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by AUD/NOK:
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 LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this AUD/NOK chart shows a strongly bullish trend. The signals given by moving averages are 85.71% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, according to the parameters integrated into the Central Analyzer system, only 9 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
White gravestone / inverted hammer
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 6.7643 | 6.7848 | 6.8162 | 6.8271 | 6.8353 | 6.9499 | 7.0127 |
| Change (%) | -0.92% | -0.62% | -0.16% | - | +0.12% | +1.80% | +2.72% |
| Change | -0.0628 | -0.0423 | -0.0109 | - | +0.0082 | +0.1228 | +0.1856 |
| Level | Major | Minor | Major | - | Intermediate | Minor | Intermediate |
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 | 6.7636 | 6.7798 | 6.8036 | 6.8198 | 6.8436 | 6.8598 | 6.8836 |
| Camarilla | 6.8165 | 6.8202 | 6.8238 | 6.8275 | 6.8312 | 6.8348 | 6.8385 |
| Woodie | 6.7675 | 6.7817 | 6.8075 | 6.8217 | 6.8475 | 6.8617 | 6.8875 |
| Fibonacci | 6.7798 | 6.7951 | 6.8045 | 6.8198 | 6.8351 | 6.8445 | 6.8598 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.6902 | 6.7223 | 6.7705 | 6.8026 | 6.8508 | 6.8829 | 6.9311 |
| Camarilla | 6.7966 | 6.8040 | 6.8113 | 6.8187 | 6.8261 | 6.8334 | 6.8408 |
| Woodie | 6.6983 | 6.7263 | 6.7786 | 6.8066 | 6.8589 | 6.8869 | 6.9392 |
| Fibonacci | 6.7223 | 6.7530 | 6.7719 | 6.8026 | 6.8333 | 6.8522 | 6.8829 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.2253 | 6.4915 | 6.6476 | 6.9138 | 7.0699 | 7.3361 | 7.4922 |
| Camarilla | 6.6877 | 6.7264 | 6.7651 | 6.8038 | 6.8425 | 6.8812 | 6.9199 |
| Woodie | 6.1704 | 6.4640 | 6.5927 | 6.8863 | 7.0150 | 7.3086 | 7.4373 |
| Fibonacci | 6.4915 | 6.6528 | 6.7525 | 6.9138 | 7.0751 | 7.1748 | 7.3361 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 56.58 | |
| MACD (12,26,9): | 0.0041 | |
| Directional Movement: | 9.8830 | |
| AROON (14): | 35.7143 | |
| DEMA (21): | 6.8308 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.8417 | |
| Elder Ray (13): | 0.0077 | |
| Super Trend (3,10): | 6.7999 | |
| Zig ZAG (10): | 6.8327 | |
| VORTEX (21): | 1.0339 | |
| Stochastique (14,3,5): | 48.25 | |
| TEMA (21): | 6.8310 | |
| Williams %R (14): | -34.21 | |
| Chande Momentum Oscillator (20): | 0.0073 | |
| Repulse (5,40,3): | -0.0466 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0107 | |
| Courbe Coppock: | 0.08 |
| MA7: | 6.8112 | |
| MA20: | 6.7636 | |
| MA50: | 6.9301 | |
| MA100: | 7.0414 | |
| MAexp7: | 6.8280 | |
| MAexp20: | 6.8250 | |
| MAexp50: | 6.8170 | |
| MAexp100: | 6.8070 | |
| Price / MA7: | +0.23% | |
| Price / MA20: | +0.94% | |
| Price / MA50: | -1.49% | |
| Price / MA100: | -3.04% | |
| Price / MAexp7: | -0.01% | |
| Price / MAexp20: | +0.03% | |
| Price / MAexp50: | +0.15% | |
| Price / MAexp100: | +0.30% |
Quotes :
-
Real time data
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Forex
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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