CAD/NOK - 1H - Technical analysis published on 02/22/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
33%
28%
39%
My opinion
Bearish under 7.6169 NOK
My targets
7.5963 NOK (-0.0121)
7.5818 NOK (-0.0266)
My analysis
The bearish trend is currently very strong for CAD/NOK. As long as the price remains below the resistance at 7.6169 NOK, you could try to take advantage of the bearish rally. The first bearish objective is located at 7.5963 NOK. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 7.5818 NOK as an objective. Crossing it would then enable sellers to target 7.5636 NOK. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
4.8
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.
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Additional analysis
Quotes
The CAD/NOK rating is 7.6084 NOK. The price registered a decrease of -0.01% on the session and was traded between 7.5989 NOK and 7.6154 NOK over the period. The price is currently at +0.13% from its lowest and -0.09% from its highest.7.5989
7.6154
7.6084
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 (1 year)
Type : Bullish
Timeframe : Weekly
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 this 1H chart of CAD/NOK indicates that the overall trend is strongly bearish. 82.14% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner detects bullish and bearish signals on moving averages that could impact this trend:
Bullish trend reversal : Moving Average 100
Type : Bullish
Timeframe : 1 hour
Moving Average bearish crossovers : MA20 & MA50
Type : Bearish
Timeframe : 1 hour
In fact, of the 18 technical indicators analysed by Central Analyzer, 6 are bullish, 7 are neutral and 5 are bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near support of triangle
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 | 7.5636 | 7.5818 | 7.5963 | 7.6084 | 7.6169 | 7.6380 | 7.6558 |
| Change (%) | -0.59% | -0.35% | -0.16% | - | +0.11% | +0.39% | +0.62% |
| Change | -0.0448 | -0.0266 | -0.0121 | - | +0.0085 | +0.0296 | +0.0474 |
| Level | Intermediate | Minor | Intermediate | - | Intermediate | Minor | Minor |
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 | 7.5171 | 7.5543 | 7.5815 | 7.6187 | 7.6459 | 7.6831 | 7.7103 |
| Camarilla | 7.5911 | 7.5970 | 7.6029 | 7.6088 | 7.6147 | 7.6206 | 7.6265 |
| Woodie | 7.5122 | 7.5518 | 7.5766 | 7.6162 | 7.6410 | 7.6806 | 7.7054 |
| Fibonacci | 7.5543 | 7.5789 | 7.5941 | 7.6187 | 7.6433 | 7.6585 | 7.6831 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.4317 | 7.4879 | 7.5597 | 7.6159 | 7.6877 | 7.7439 | 7.8157 |
| Camarilla | 7.5963 | 7.6080 | 7.6198 | 7.6315 | 7.6432 | 7.6550 | 7.6667 |
| Woodie | 7.4395 | 7.4918 | 7.5675 | 7.6198 | 7.6955 | 7.7478 | 7.8235 |
| Fibonacci | 7.4879 | 7.5368 | 7.5670 | 7.6159 | 7.6648 | 7.6950 | 7.7439 |
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): | 46.33 | |
| MACD (12,26,9): | -0.0033 | |
| Directional Movement: | -1.1488 | |
| AROON (14): | 0 | |
| DEMA (21): | 7.6087 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.6272 | |
| Elder Ray (13): | -0.0036 | |
| Super Trend (3,10): | 7.5861 | |
| Zig ZAG (10): | 7.6091 | |
| VORTEX (21): | 0.9962 | |
| Stochastique (14,3,5): | 39.24 | |
| TEMA (21): | 7.6072 | |
| Williams %R (14): | -58.05 | |
| Chande Momentum Oscillator (20): | 0.0015 | |
| Repulse (5,40,3): | 0.0982 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0048 | |
| Courbe Coppock: | 0.34 |
| MA7: | 7.6150 | |
| MA20: | 7.5761 | |
| MA50: | 7.4338 | |
| MA100: | 7.4888 | |
| MAexp7: | 7.6091 | |
| MAexp20: | 7.6127 | |
| MAexp50: | 7.6172 | |
| MAexp100: | 7.6189 | |
| Price / MA7: | -0.09% | |
| Price / MA20: | +0.43% | |
| Price / MA50: | +2.35% | |
| Price / MA100: | +1.60% | |
| Price / MAexp7: | -0.01% | |
| Price / MAexp20: | -0.06% | |
| Price / MAexp50: | -0.12% | |
| 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.
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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…
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