AUD/NOK - 1H - Technical analysis published on 04/08/2024 (GMT)
- 106
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Bearish
Technical indicators
33%
39%
28%
My opinion
Bearish under 7.0796 NOK
My targets
7.0425 NOK (-0.0148)
7.0279 NOK (-0.0294)
My analysis
There is a bearish trend on AUD/NOK both at the basic level and in the short term. A sale could be considered, so long as the price remains below 7.0796 NOK. Each support break is a strong signal that the current trend will continue. The first bearish objective would be 7.0425 NOK. Then the price could move towards 7.0279 NOK. Then 7.0109 NOK by extension. Be careful, a return to above the resistance 7.0796 NOK would be a sign of a weakening of the trend and a possible rebound phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend is perhaps more risky.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
4.5
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The AUD/NOK price is 7.0573 NOK. On the day, this instrument lost -0.01% and was between 7.0409 NOK and 7.0763 NOK. This implies that the price is at +0.23% from its lowest and at -0.27% from its highest.7.0409
7.0763
7.0573
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
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
Technical analysis of AUD/NOK in 1H shows an overall bearish trend. 78.57% of the signals given by moving averages are bearish. The overall trend seems to be showing some signs of weakness, as do the tentative bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near support of triangle
Type : Bullish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these bearish signals that could support the hypothesis of a small drop in the very short term:
Bearish harami
Type : Bearish
Timeframe : 1 hour
Bearish harami cross
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 7.0279 | 7.0425 | 7.0549 | 7.0573 | 7.0796 | 7.1003 | 7.1234 |
| Change (%) | -0.42% | -0.21% | -0.03% | - | +0.32% | +0.61% | +0.94% |
| Change | -0.0294 | -0.0148 | -0.0024 | - | +0.0223 | +0.0430 | +0.0661 |
| Level | Intermediate | Intermediate | Minor | - | 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 | 7.0056 | 7.0256 | 7.0417 | 7.0617 | 7.0778 | 7.0978 | 7.1139 |
| Camarilla | 7.0479 | 7.0512 | 7.0545 | 7.0578 | 7.0611 | 7.0644 | 7.0677 |
| Woodie | 7.0037 | 7.0246 | 7.0398 | 7.0607 | 7.0759 | 7.0968 | 7.1120 |
| Fibonacci | 7.0256 | 7.0394 | 7.0479 | 7.0617 | 7.0755 | 7.0840 | 7.0978 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.9205 | 6.9742 | 7.0160 | 7.0697 | 7.1115 | 7.1652 | 7.2070 |
| Camarilla | 7.0315 | 7.0403 | 7.0491 | 7.0578 | 7.0666 | 7.0753 | 7.0841 |
| Woodie | 6.9146 | 6.9712 | 7.0101 | 7.0667 | 7.1056 | 7.1622 | 7.2011 |
| Fibonacci | 6.9742 | 7.0107 | 7.0332 | 7.0697 | 7.1062 | 7.1287 | 7.1652 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.6508 | 6.7485 | 6.8990 | 6.9967 | 7.1472 | 7.2449 | 7.3954 |
| Camarilla | 6.9813 | 7.0040 | 7.0268 | 7.0495 | 7.0723 | 7.0950 | 7.1178 |
| Woodie | 6.6772 | 6.7617 | 6.9254 | 7.0099 | 7.1736 | 7.2581 | 7.4218 |
| Fibonacci | 6.7485 | 6.8433 | 6.9019 | 6.9967 | 7.0915 | 7.1501 | 7.2449 |
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): | 46.73 | |
| MACD (12,26,9): | -0.0024 | |
| Directional Movement: | -3.2904 | |
| AROON (14): | -50.0000 | |
| DEMA (21): | 7.0544 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.0649 | |
| Elder Ray (13): | -0.0017 | |
| Super Trend (3,10): | 7.0438 | |
| Zig ZAG (10): | 7.0541 | |
| VORTEX (21): | 0.9705 | |
| Stochastique (14,3,5): | 33.90 | |
| TEMA (21): | 7.0522 | |
| Williams %R (14): | -64.41 | |
| Chande Momentum Oscillator (20): | -0.0101 | |
| Repulse (5,40,3): | 0.0455 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0029 | |
| Courbe Coppock: | 0.28 |
| MA7: | 7.0637 | |
| MA20: | 7.0162 | |
| MA50: | 6.9385 | |
| MA100: | 6.9685 | |
| MAexp7: | 7.0543 | |
| MAexp20: | 7.0571 | |
| MAexp50: | 7.0592 | |
| MAexp100: | 7.0602 | |
| Price / MA7: | -0.09% | |
| Price / MA20: | +0.59% | |
| Price / MA50: | +1.71% | |
| Price / MA100: | +1.27% | |
| Price / MAexp7: | +0.04% | |
| Price / MAexp20: | +0.00% | |
| Price / MAexp50: | -0.03% | |
| Price / MAexp100: | -0.04% |
Quotes :
-
Real time data
-
Forex
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
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…
Add a comment
Comments
0 comments on the analysis AUD/NOK - 1H