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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 06/01/2023 (GMT)

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  • Timeframe : Daily
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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 8.0906 NOK
My targets
8.3645 NOK (+0.1433)
8.5714 NOK (+0.3502)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on CAD/NOK as long as the price remains well above 8.0906 NOK. The buyers' bullish objective is set at 8.3645 NOK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 8.5714 NOK. If there is any crossing, the next objective would be the resistance located at 8.8453 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, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8.8

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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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

Additional analysis

Quotes

The CAD/NOK price is 8.2212 NOK. The price registered an increase of +0.78% on the session with the lowest point at 8.1426 NOK and the highest point at 8.2355 NOK. The deviation from the price is +0.97% for the low point and -0.17% for the high point.

8.1426
8.2355
8.2212

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by CAD/NOK:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

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 HIGH record (1st january)

Type : Bullish

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 strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, 15 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly


Price is back over the pivot point

Type : Bullish

Timeframe : Daily



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : Daily


Resistance of channel is broken

Type : Bullish

Timeframe : Daily



The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:

Central Candlesticks

Bullish engulfing lines

Type : Bullish

Timeframe : Daily




ProTrendLines
S3
S2
S1
Price


S3S2S1Price
ProTrendLines 7.8738 7.9342 8.1980 8.2212
Change (%) -4.23% -3.49% -0.28% -
Change -0.3474 -0.2870 -0.0232 -
Level Major Intermediate Major -



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard7.98698.07008.11398.19708.24098.32408.3679
Camarilla8.12288.13448.14618.15778.16938.18108.1926
Woodie7.96728.06028.09428.18728.22128.31428.3482
Fibonacci8.07008.11868.14858.19708.24568.27558.3240


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard7.92777.97348.06118.10688.19458.24028.3279
Camarilla8.11208.12428.13658.14878.16098.17328.1854
Woodie7.94867.98398.08208.11738.21548.25078.3488
Fibonacci7.97348.02448.05598.10688.15788.18938.2402


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard7.40297.60987.88378.09068.36458.57148.8453
Camarilla8.02558.06968.11368.15778.20188.24598.2899
Woodie7.43657.62667.91738.10748.39818.58828.8789
Fibonacci7.60987.79347.90698.09068.27428.38778.5714

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): 68.10
MACD (12,26,9): 0.0948
Directional Movement: 20.0102
AROON (14): 78.5714
DEMA (21): 8.1767
Parabolic SAR (0,02-0,02-0,2): 8.0640
Elder Ray (13): 0.0805
Super Trend (3,10): 7.9597
Zig ZAG (10): 8.2304
VORTEX (21): 1.1512
Stochastique (14,3,5): 79.05
TEMA (21): 8.2142
Williams %R (14): -15.33
Chande Momentum Oscillator (20): 0.2740
Repulse (5,40,3): 0.9032
ROCnROLL: 1
TRIX (15,9): 0.1465
Courbe Coppock: 6.56
MA7: 8.1569
MA20: 8.0286
MA50: 7.8803
MA100: 7.7342
MAexp7: 8.1620
MAexp20: 8.0574
MAexp50: 7.9175
MAexp100: 7.7924
Price / MA7: +0.79%
Price / MA20: +2.40%
Price / MA50: +4.33%
Price / MA100: +6.30%
Price / MAexp7: +0.73%
Price / MAexp20: +2.03%
Price / MAexp50: +3.84%
Price / MAexp100: +5.50%

Quotes : - Real time data - Forex

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

About author

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Londinia AI

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