CAD/NOK - Daily - Technical analysis published on 02/10/2023 (GMT)
- 165
- 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 : 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:
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:
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:
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
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| 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 |
|---|---|---|---|---|---|---|---|
| Standard | 7.3766 | 7.4564 | 7.5126 | 7.5924 | 7.6486 | 7.7284 | 7.7846 |
| Camarilla | 7.5314 | 7.5439 | 7.5563 | 7.5688 | 7.5813 | 7.5937 | 7.6062 |
| Woodie | 7.3648 | 7.4505 | 7.5008 | 7.5865 | 7.6368 | 7.7225 | 7.7728 |
| Fibonacci | 7.4564 | 7.5084 | 7.5405 | 7.5924 | 7.6444 | 7.6765 | 7.7284 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.2391 | 7.3188 | 7.4728 | 7.5525 | 7.7065 | 7.7862 | 7.9402 |
| Camarilla | 7.5625 | 7.5840 | 7.6054 | 7.6268 | 7.6482 | 7.6697 | 7.6911 |
| Woodie | 7.2763 | 7.3374 | 7.5100 | 7.5711 | 7.7437 | 7.8048 | 7.9774 |
| Fibonacci | 7.3188 | 7.4081 | 7.4632 | 7.5525 | 7.6418 | 7.6969 | 7.7862 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.9280 | 7.0720 | 7.2867 | 7.4307 | 7.6454 | 7.7894 | 8.0041 |
| Camarilla | 7.4028 | 7.4356 | 7.4685 | 7.5014 | 7.5343 | 7.5672 | 7.6000 |
| Woodie | 6.9634 | 7.0897 | 7.3221 | 7.4484 | 7.6808 | 7.8071 | 8.0395 |
| Fibonacci | 7.0720 | 7.2090 | 7.2937 | 7.4307 | 7.5677 | 7.6524 | 7.7894 |
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.
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 - Daily