AUD/NOK
AUD NOK
- NOK (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
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High: -
High / Low range: -
Type: Forex
Ticker: AUDNOK
ISIN:

AUD/NOK - 1H - Technical analysis published on 07/01/2024 (GMT)

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  • Timeframe : 1H
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  • Status : LEVEL MAINTAINED

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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

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:
15 min. Daily Weekly

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.

Central Gaps

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:
The Central Records scanner for higher/lower results shows the following items:

Central Records

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:

Central Indicators

MACD indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour

The Central Indicators scanner found no further results concerning independent technical indicators.

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Central Patterns

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:

Central Candlesticks

Black gravestone / inverted hammer

Type : Bearish

Timeframe : 1 hour


Doji

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
Price


S3S2S1PriceR1R2
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
Standard7.04357.07097.09347.12087.14337.17077.1932
Camarilla7.10227.10687.11137.11597.12057.12517.1296
Woodie7.04117.06977.09107.11967.14097.16957.1908
Fibonacci7.07097.09007.10177.12087.13997.15167.1707


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard6.91796.96137.04117.08457.16437.20777.2875
Camarilla7.08717.09847.10977.12107.13237.14367.1549
Woodie6.93626.97047.05947.09367.18267.21687.3058
Fibonacci6.96137.00837.03747.08457.13157.16067.2077


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard6.80906.88336.99967.07397.19027.26457.3808
Camarilla7.06357.08107.09847.11597.13347.15087.1683
Woodie6.83006.89387.02067.08447.21127.27507.4018
Fibonacci6.88336.95617.00117.07397.14677.19177.2645

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 - Forex

This member declared not having a position on this financial instrument or a related financial instrument.

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