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 08/09/2023 (GMT)

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  • 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:
15 min. 1H Weekly

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.

Central Gaps

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:
Created with Raphaël 2.3.0-7.507.515January 1st3 years1 year6 months1 month5 daysToday
The Central Records scanner for higher/lower results shows an item:

Central Records

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:

Central Indicators

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:

Central Patterns

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:

Central Candlesticks

Bearish harami cross

Type : Bearish

Timeframe : Daily




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
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
Standard7.50447.54287.59547.63387.68647.72487.7774
Camarilla7.62317.63147.63987.64817.65647.66487.6731
Woodie7.51167.54647.60267.63747.69367.72847.7846
Fibonacci7.54287.57757.59907.63387.66857.69007.7248


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard7.33677.44757.51257.62337.68837.79917.8641
Camarilla7.52917.54527.56137.57747.59357.60967.6258
Woodie7.31377.43617.48957.61197.66537.78777.8411
Fibonacci7.44757.51477.55627.62337.69057.73207.7991


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard6.86637.21247.44547.79158.02458.37068.6036
Camarilla7.51927.57227.62537.67847.73157.78467.8377
Woodie6.80987.18417.38897.76327.96808.34238.5471
Fibonacci7.21247.43367.57037.79158.01278.14948.3706

Numerical data


The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators
Created with Raphaël 2.3.0Buy8
Moving averages
Created with Raphaël 2.3.0Sell20

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 - Real time data - Forex

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

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