CAD/NOK - 1H - Technical analysis published on 01/16/2023 (GMT)
- 151
- 0
- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bearish
Technical indicators
72%
0%
28%
My opinion
Neutral between 7.3513 NOK and 7.4494 NOK
My targets
-
My analysis
The strong short-term increase on CAD/NOK is in contrast to the bearish trend. Buyers are trying to regain control of the asset and a reversal of the trend could be possible. It would be interesting to understand what caused such a rebound. Has an economic announcement impacting the basics been published? As long as the price remains above 7.3513 NOK, you could take advantage of the short-term boom. The first bullish objective would be 7.4494 NOK. Then the price could move towards 7.4980 NOK. Then 7.5512 NOK by extension. Attention should be paid to the reaction of the price on these resistances to see if the sellers show up. Be careful, a return below 7.3513 NOK could be a sign of a reversal of the bearish trend.
In the very short term, technical indicators are bullish and could soon allow change to a bullish sentiment.
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 CAD/NOK price is 7.3910 NOK. On the day, this instrument lost -0.01% and was between 7.3410 NOK and 7.4081 NOK. This implies that the price is at +0.68% from its lowest and at -0.23% from its highest.7.3410
7.4081
7.3910
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of CAD/NOK in 1H shows an overall bearish trend. 64.29% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages indicate that the overall trend could quickly run out of steam. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
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:
Resistance of channel is broken
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 | 7.2298 | 7.3513 | 7.3871 | 7.3910 | 7.4494 | 7.4980 | 7.5512 |
| Change (%) | -2.18% | -0.54% | -0.05% | - | +0.79% | +1.45% | +2.17% |
| Change | -0.1612 | -0.0397 | -0.0039 | - | +0.0584 | +0.1070 | +0.1602 |
| Level | Major | Intermediate | Intermediate | - | Major | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.3028 | 7.3299 | 7.3608 | 7.3879 | 7.4188 | 7.4459 | 7.4768 |
| Camarilla | 7.3758 | 7.3811 | 7.3864 | 7.3917 | 7.3970 | 7.4023 | 7.4077 |
| Woodie | 7.3047 | 7.3309 | 7.3627 | 7.3889 | 7.4207 | 7.4469 | 7.4787 |
| Fibonacci | 7.3299 | 7.3521 | 7.3657 | 7.3879 | 7.4101 | 7.4237 | 7.4459 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.1949 | 7.2670 | 7.3294 | 7.4015 | 7.4639 | 7.5360 | 7.5984 |
| Camarilla | 7.3547 | 7.3670 | 7.3794 | 7.3917 | 7.4040 | 7.4164 | 7.4287 |
| Woodie | 7.1900 | 7.2646 | 7.3245 | 7.3991 | 7.4590 | 7.5336 | 7.5935 |
| Fibonacci | 7.2670 | 7.3184 | 7.3502 | 7.4015 | 7.4529 | 7.4847 | 7.5360 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.9243 | 7.0390 | 7.1355 | 7.2502 | 7.3467 | 7.4614 | 7.5579 |
| Camarilla | 7.1740 | 7.1934 | 7.2127 | 7.2321 | 7.2515 | 7.2708 | 7.2902 |
| Woodie | 6.9153 | 7.0345 | 7.1265 | 7.2457 | 7.3377 | 7.4569 | 7.5489 |
| Fibonacci | 7.0390 | 7.1197 | 7.1695 | 7.2502 | 7.3309 | 7.3807 | 7.4614 |
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): | 54.15 | |
| MACD (12,26,9): | -0.0027 | |
| Directional Movement: | 14.8485 | |
| AROON (14): | 50.0000 | |
| DEMA (21): | 7.3673 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.3478 | |
| Elder Ray (13): | 0.0151 | |
| Super Trend (3,10): | 7.3409 | |
| Zig ZAG (10): | 7.3842 | |
| VORTEX (21): | 1.0090 | |
| Stochastique (14,3,5): | 78.49 | |
| TEMA (21): | 7.3743 | |
| Williams %R (14): | -33.68 | |
| Chande Momentum Oscillator (20): | 0.0131 | |
| Repulse (5,40,3): | 0.1025 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0170 | |
| Courbe Coppock: | 0.09 |
| MA7: | 7.4117 | |
| MA20: | 7.3441 | |
| MA50: | 7.3827 | |
| MA100: | 7.5373 | |
| MAexp7: | 7.3778 | |
| MAexp20: | 7.3738 | |
| MAexp50: | 7.3880 | |
| MAexp100: | 7.4017 | |
| Price / MA7: | -0.28% | |
| Price / MA20: | +0.64% | |
| Price / MA50: | +0.11% | |
| Price / MA100: | -1.94% | |
| Price / MAexp7: | +0.18% | |
| Price / MAexp20: | +0.23% | |
| Price / MAexp50: | +0.04% | |
| Price / MAexp100: | -0.14% |
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 CAD/NOK - 1H