CAD/NOK

- NOK (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Forex
Ticker:	CADNOK
ISIN:

CAD/NOK - 1H - Technical analysis published on 10/03/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Slightly bearish

Technical indicators

22%

56%

22%

My opinion

Bearish under 7.8533 NOK

My targets

7.8032 NOK (-0.0215)

7.7598 NOK (-0.0649)

My analysis

CAD/NOK is currently trying to strengthen its basic trend with a very bearish short term. As long as the price remains below 7.8533 NOK, traders may consider taking advantage of this bearish acceleration and setting themselves to trade only in short positions (for sale). Sellers will encounter the support at 7.8032 NOK. A bearish break in this support would confirm a continuation of the bearish acceleration. The next support located at 7.7598 NOK would then be the next bearish objective for sellers. Crossing it would then enable sellers to target 7.7286 NOK. Beware of a possible return to above the resistance located at 7.8533 NOK which would be a sign of a correction of the short-term bearish excesses registered.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.

Force

3.9

Comment on the analysis

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

The CAD/NOK price is 7.8247 NOK. The price registered a decrease of -0.05% on the session and was between 7.8222 NOK and 7.8605 NOK. This implies that the price is at +0.03% from its lowest and at -0.46% from its highest.

7.8222

7.8605

7.8247

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by CAD/NOK:

The study of the highest / lowest by the Central Records scanner shows the following results:

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 HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of CAD/NOK indicates that the overall trend is slightly bearish. 60.71% of the signals given by moving averages are bearish. This slightly bearish trend could be reinforced by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:

Bearish trend reversal : adaptative moving average 100

Type : Bearish

Timeframe : 1 hour

An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

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 these signals:

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

From the Japanese candlestick perspective, the Central Candlesticks scanner notes the presence of these results that could impact the short-term trend:

Bullish harami

Type : Bullish

Timeframe : 1 hour

Doji

Type : Neutral

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	7.7286	7.7598	7.8032	7.8247	7.8307	7.8533	7.8744
Change (%)	-1.23%	-0.83%	-0.27%	-	+0.08%	+0.37%	+0.64%
Change	-0.0961	-0.0649	-0.0215	-	+0.0060	+0.0286	+0.0497
Level	Major	Intermediate	Intermediate	-	Minor	Minor	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	7.7226	7.7629	7.7959	7.8362	7.8692	7.9095	7.9425
Camarilla	7.8087	7.8155	7.8222	7.8289	7.8356	7.8423	7.8491
Woodie	7.7190	7.7611	7.7923	7.8344	7.8656	7.9077	7.9389
Fibonacci	7.7629	7.7909	7.8082	7.8362	7.8642	7.8815	7.9095

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	7.5283	7.6204	7.6930	7.7851	7.8577	7.9498	8.0224
Camarilla	7.7204	7.7355	7.7506	7.7657	7.7808	7.7959	7.8110
Woodie	7.5187	7.6155	7.6834	7.7802	7.8481	7.9449	8.0128
Fibonacci	7.6204	7.6833	7.7222	7.7851	7.8480	7.8869	7.9498

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	7.3550	7.5291	7.6640	7.8381	7.9730	8.1471	8.2820
Camarilla	7.7140	7.7424	7.7707	7.7990	7.8273	7.8557	7.8840
Woodie	7.3355	7.5193	7.6445	7.8283	7.9535	8.1373	8.2625
Fibonacci	7.5291	7.6471	7.7200	7.8381	7.9561	8.0290	8.1471

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):	42.35
MACD (12,26,9):	-0.0023
Directional Movement:	-2.2128
AROON (14):	-42.8571
DEMA (21):	7.8338
Parabolic SAR (0,02-0,02-0,2):	7.8539
Elder Ray (13):	-0.0089
Super Trend (3,10):	7.8590
Zig ZAG (10):	7.8246
VORTEX (21):	0.9836
Stochastique (14,3,5):	4.32
TEMA (21):	7.8306
Williams %R (14):	-98.39
Chande Momentum Oscillator (20):	-0.0256
Repulse (5,40,3):	-0.1640
ROCnROLL:	2
TRIX (15,9):	0.0005
Courbe Coppock:	0.17

MA7:	7.8207
MA20:	7.8337
MA50:	7.8419
MA100:	7.8169
MAexp7:	7.8306
MAexp20:	7.8359
MAexp50:	7.8348
MAexp100:	7.8260
Price / MA7:	+0.05%
Price / MA20:	-0.11%
Price / MA50:	-0.22%
Price / MA100:	+0.10%
Price / MAexp7:	-0.08%
Price / MAexp20:	-0.14%
Price / MAexp50:	-0.13%
Price / MAexp100:	-0.02%

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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Londinia AI

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