AUD/NOK - 1H - Technical analysis published on 07/01/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
72%
17%
11%
My opinion
Bullish above 7.0908 NOK
My targets
7.1643 NOK (+0.0473)
7.1909 NOK (+0.0739)
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 7.0908 NOK. The buyers' bullish objective is set at 7.1643 NOK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 7.1909 NOK. If there is any crossing, the next objective would be the resistance located at 7.4115 NOK. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
7.9
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Additional analysis
Quotes
The AUD/NOK price is 7.1170 NOK. On the day, this instrument gained +0.02% and was between 7.1154 NOK and 7.1179 NOK. This implies that the price is at +0.02% from its lowest and at -0.01% from its highest.7.1154
7.1179
7.1170
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
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 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
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this AUD/NOK chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:
MACD indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
From the Japanese candlestick perspective, the Central Candlesticks scanner notes the presence of these results that could impact the short-term trend:
Black gravestone / inverted hammer
Type : Bearish
Timeframe : 1 hour
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 7.0669 | 7.0908 | 7.1144 | 7.1170 | 7.1909 | 7.4115 |
| Change (%) | -0.70% | -0.37% | -0.04% | - | +1.04% | +4.14% |
| Change | -0.0501 | -0.0262 | -0.0026 | - | +0.0739 | +0.2945 |
| Level | Major | Minor | Intermediate | - | Major | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.0435 | 7.0709 | 7.0934 | 7.1208 | 7.1433 | 7.1707 | 7.1932 |
| Camarilla | 7.1022 | 7.1068 | 7.1113 | 7.1159 | 7.1205 | 7.1251 | 7.1296 |
| Woodie | 7.0411 | 7.0697 | 7.0910 | 7.1196 | 7.1409 | 7.1695 | 7.1908 |
| Fibonacci | 7.0709 | 7.0900 | 7.1017 | 7.1208 | 7.1399 | 7.1516 | 7.1707 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.9179 | 6.9613 | 7.0411 | 7.0845 | 7.1643 | 7.2077 | 7.2875 |
| Camarilla | 7.0871 | 7.0984 | 7.1097 | 7.1210 | 7.1323 | 7.1436 | 7.1549 |
| Woodie | 6.9362 | 6.9704 | 7.0594 | 7.0936 | 7.1826 | 7.2168 | 7.3058 |
| Fibonacci | 6.9613 | 7.0083 | 7.0374 | 7.0845 | 7.1315 | 7.1606 | 7.2077 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.8090 | 6.8833 | 6.9996 | 7.0739 | 7.1902 | 7.2645 | 7.3808 |
| Camarilla | 7.0635 | 7.0810 | 7.0984 | 7.1159 | 7.1334 | 7.1508 | 7.1683 |
| Woodie | 6.8300 | 6.8938 | 7.0206 | 7.0844 | 7.2112 | 7.2750 | 7.4018 |
| Fibonacci | 6.8833 | 6.9561 | 7.0011 | 7.0739 | 7.1467 | 7.1917 | 7.2645 |
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): | 63.02 | |
| MACD (12,26,9): | 0.0077 | |
| Directional Movement: | 20.5089 | |
| AROON (14): | 78.5714 | |
| DEMA (21): | 7.1164 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.1472 | |
| Elder Ray (13): | 0.0082 | |
| Super Trend (3,10): | 7.0924 | |
| Zig ZAG (10): | 7.1198 | |
| VORTEX (21): | 1.1663 | |
| Stochastique (14,3,5): | 49.44 | |
| TEMA (21): | 7.1206 | |
| Williams %R (14): | -46.96 | |
| Chande Momentum Oscillator (20): | 0.0198 | |
| Repulse (5,40,3): | -0.0291 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0137 | |
| Courbe Coppock: | 0.85 |
| MA7: | 7.0734 | |
| MA20: | 7.0557 | |
| MA50: | 7.0936 | |
| MA100: | 7.0334 | |
| MAexp7: | 7.1145 | |
| MAexp20: | 7.1069 | |
| MAexp50: | 7.0962 | |
| MAexp100: | 7.0825 | |
| Price / MA7: | +0.62% | |
| Price / MA20: | +0.87% | |
| Price / MA50: | +0.33% | |
| Price / MA100: | +1.19% | |
| Price / MAexp7: | +0.03% | |
| Price / MAexp20: | +0.14% | |
| Price / MAexp50: | +0.29% | |
| Price / MAexp100: | +0.48% |
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.
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