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 08/09/2023 (GMT)
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- 0
- 08/09/2023 - 02:35
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- Timeframe : Daily
- - Analysis generated on 08/09/2023 - 02:35
- Status : INVALID
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Bearish
Technical indicators
44%
33%
22%
My opinion
Bearish under 7.7034 NOK
My targets
7.5836 NOK (-0.0641)
7.4494 NOK (-0.1983)
My analysis
All elements being rather bearish, it would be possible for traders to trade only short positions (for sale) on CAD/NOK as long as the price remains well below 7.7034 NOK. The next bearish objective for sellers is set at 7.5836 NOK. A bearish break of this support would revive the bearish momentum. Sellers could then target the next support located at 7.4494 NOK. If there is any crossing, the next objective would be the support located at 7.3433 NOK. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bearish, basic trend. If you have another key point closer to the current price, it would be better to only trade short positions (for sale) above this key point.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
3.2
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 7.6477 NOK. The price is lower by -0.01% since the last closing with the lowest point at 7.6442 NOK and the highest point at 7.6558 NOK. The deviation from the price is +0.05% for the low point and -0.11% for the high point.7.6442
7.6558
7.6477
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
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 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this CAD/NOK chart shows a bearish trend. 71.43% of the signals given by moving averages are bearish. The overall trend seems to be showing some signs of weakness, as do the tentative bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, of the 18 technical indicators analysed by Central Analyzer, 8 are bullish, 4 are neutral and 6 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near support of channel
Type : Bullish
Timeframe : Daily
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Bearish harami cross
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 7.3433 | 7.4494 | 7.5836 | 7.6477 | 7.7034 | 7.8757 | 8.1980 |
Change (%) | -3.98% | -2.59% | -0.84% | - | +0.73% | +2.98% | +7.20% |
Change | -0.3044 | -0.1983 | -0.0641 | - | +0.0557 | +0.2280 | +0.5503 |
Level | Minor | Intermediate | Major | - | 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 | 7.5044 | 7.5428 | 7.5954 | 7.6338 | 7.6864 | 7.7248 | 7.7774 |
Camarilla | 7.6231 | 7.6314 | 7.6398 | 7.6481 | 7.6564 | 7.6648 | 7.6731 |
Woodie | 7.5116 | 7.5464 | 7.6026 | 7.6374 | 7.6936 | 7.7284 | 7.7846 |
Fibonacci | 7.5428 | 7.5775 | 7.5990 | 7.6338 | 7.6685 | 7.6900 | 7.7248 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 7.3367 | 7.4475 | 7.5125 | 7.6233 | 7.6883 | 7.7991 | 7.8641 |
Camarilla | 7.5291 | 7.5452 | 7.5613 | 7.5774 | 7.5935 | 7.6096 | 7.6258 |
Woodie | 7.3137 | 7.4361 | 7.4895 | 7.6119 | 7.6653 | 7.7877 | 7.8411 |
Fibonacci | 7.4475 | 7.5147 | 7.5562 | 7.6233 | 7.6905 | 7.7320 | 7.7991 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 6.8663 | 7.2124 | 7.4454 | 7.7915 | 8.0245 | 8.3706 | 8.6036 |
Camarilla | 7.5192 | 7.5722 | 7.6253 | 7.6784 | 7.7315 | 7.7846 | 7.8377 |
Woodie | 6.8098 | 7.1841 | 7.3889 | 7.7632 | 7.9680 | 8.3423 | 8.5471 |
Fibonacci | 7.2124 | 7.4336 | 7.5703 | 7.7915 | 8.0127 | 8.1494 | 8.3706 |
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): | 41.14 | |
MACD (12,26,9): | -0.0701 | |
Directional Movement: | -11.5859 | |
AROON (14): | -28.5714 | |
DEMA (21): | 7.5928 | |
Parabolic SAR (0,02-0,02-0,2): | 7.7239 | |
Elder Ray (13): | -0.0100 | |
Super Trend (3,10): | 7.8514 | |
Zig ZAG (10): | 7.6483 | |
VORTEX (21): | 0.9038 | |
Stochastique (14,3,5): | 39.93 | |
TEMA (21): | 7.5899 | |
Williams %R (14): | -49.54 | |
Chande Momentum Oscillator (20): | 0.0110 | |
Repulse (5,40,3): | 0.1596 | |
ROCnROLL: | 2 | |
TRIX (15,9): | -0.1644 | |
Courbe Coppock: | 0.05 |
MA7: | 7.6431 | |
MA20: | 7.6430 | |
MA50: | 7.9045 | |
MA100: | 7.8860 | |
MAexp7: | 7.6414 | |
MAexp20: | 7.6949 | |
MAexp50: | 7.8073 | |
MAexp100: | 7.8254 | |
Price / MA7: | +0.06% | |
Price / MA20: | +0.06% | |
Price / MA50: | -3.25% | |
Price / MA100: | -3.02% | |
Price / MAexp7: | +0.08% | |
Price / MAexp20: | -0.61% | |
Price / MAexp50: | -2.04% | |
Price / MAexp100: | -2.27% |
Quotes :
08/09/2023 - 02:35
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Real time data
-
Forex
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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