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

CAD/NOK - Daily - Technical analysis published on 02/10/2023 (GMT)

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  • Timeframe : Daily
  • - Analysis generated on
  • Status : TARGET REACHED

Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Bullish
Technical indicators
61%
11%
28%
My opinion
Bullish above 7.4494 NOK
My targets
7.6770 NOK (+0.0924)
7.8757 NOK (+0.2911)
My analysis
CAD/NOK is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 7.4494 NOK. The next resistance located at 7.6770 NOK is the next bullish target to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 7.8757 NOK. After this resistance, buyers could then target 8.1980 NOK.

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
5.5

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:
15 min. 1H Weekly

Additional analysis

Quotes

CAD/NOK rating 7.5846 NOK. The price has increased by +0.21% since the last closing and was between 7.5641 NOK and 7.5886 NOK. This implies that the price is at +0.27% from its lowest and at -0.05% from its highest.

7.5641
7.5886
7.5846

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 (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 this Daily chart of CAD/NOK indicates that the overall trend is bullish. 71.43% of the signals given by moving averages are bullish. This 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.

The technical indicators are bullish. There is still some doubt about the price increase.
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

Horizontal resistance is broken

Type : Bullish

Timeframe : Daily



No result was found by the Central Candlesticks scanner on Japanese candlesticks.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 7.3433 7.4494 7.5625 7.5846 7.6770 7.8757 8.1980
Change (%) -3.18% -1.78% -0.29% - +1.22% +3.84% +8.09%
Change -0.2413 -0.1352 -0.0221 - +0.0924 +0.2911 +0.6134
Level Intermediate Major Minor - Major Major Major



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
Standard7.37667.45647.51267.59247.64867.72847.7846
Camarilla7.53147.54397.55637.56887.58137.59377.6062
Woodie7.36487.45057.50087.58657.63687.72257.7728
Fibonacci7.45647.50847.54057.59247.64447.67657.7284


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard7.23917.31887.47287.55257.70657.78627.9402
Camarilla7.56257.58407.60547.62687.64827.66977.6911
Woodie7.27637.33747.51007.57117.74377.80487.9774
Fibonacci7.31887.40817.46327.55257.64187.69697.7862


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard6.92807.07207.28677.43077.64547.78948.0041
Camarilla7.40287.43567.46857.50147.53437.56727.6000
Woodie6.96347.08977.32217.44847.68087.80718.0395
Fibonacci7.07207.20907.29377.43077.56777.65247.7894

Numerical data


The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators
Moving averages

RSI (14): 58.71
MACD (12,26,9): 0.0688
Directional Movement: 8.8608
AROON (14): 78.5714
DEMA (21): 7.5976
Parabolic SAR (0,02-0,02-0,2): 7.4778
Elder Ray (13): 0.0225
Super Trend (3,10): 7.4639
Zig ZAG (10): 7.5837
VORTEX (21): 1.1106
Stochastique (14,3,5): 65.38
TEMA (21): 7.6480
Williams %R (14): -40.57
Chande Momentum Oscillator (20): 0.1894
Repulse (5,40,3): -0.4012
ROCnROLL: 1
TRIX (15,9): 0.1086
Courbe Coppock: 6.36
MA7: 7.6266
MA20: 7.4800
MA50: 7.3831
MA100: 7.5052
MAexp7: 7.5953
MAexp20: 7.5150
MAexp50: 7.4589
MAexp100: 7.4667
Price / MA7: -0.55%
Price / MA20: +1.40%
Price / MA50: +2.73%
Price / MA100: +1.06%
Price / MAexp7: -0.14%
Price / MAexp20: +0.93%
Price / MAexp50: +1.69%
Price / MAexp100: +1.58%

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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