CAD/NOK - Daily - Technical analysis published on 04/01/2025 (GMT)
- 147
- 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
61%
17%
My opinion
Bearish under 7.4649 NOK
My targets
7.1681 NOK (-0.1347)
6.8692 NOK (-0.4336)
My analysis
All elements being clearly 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 7.4649 NOK. The sellers' bearish objective is set at 7.1681 NOK. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 6.8692 NOK. In case of crossing, the next objective would be the support located at 6.7465 NOK. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
7.3
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 Forexformyfamily. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CAD/NOK price is 7.3028 NOK. On the day, this instrument lost -0.02% with the lowest point at 7.2953 NOK and the highest point at 7.3056 NOK. The deviation from the price is +0.10% for the low point and -0.04% for the high point.7.2953
7.3056
7.3028
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by CAD/NOK:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
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 bearish. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : Daily
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near support of channel
Type : Bullish
Timeframe : Daily
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 | 6.7465 | 6.8692 | 7.1681 | 7.3028 | 7.6654 | 7.7914 | 7.8760 |
| Change (%) | -7.62% | -5.94% | -1.84% | - | +4.97% | +6.69% | +7.85% |
| Change | -0.5563 | -0.4336 | -0.1347 | - | +0.3626 | +0.4886 | +0.5732 |
| Level | Minor | Intermediate | Intermediate | - | Major | 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 | 7.2116 | 7.2534 | 7.2789 | 7.3207 | 7.3462 | 7.3880 | 7.4135 |
| Camarilla | 7.2859 | 7.2921 | 7.2982 | 7.3044 | 7.3106 | 7.3167 | 7.3229 |
| Woodie | 7.2035 | 7.2493 | 7.2708 | 7.3166 | 7.3381 | 7.3839 | 7.4054 |
| Fibonacci | 7.2534 | 7.2791 | 7.2950 | 7.3207 | 7.3464 | 7.3623 | 7.3880 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.1747 | 7.2369 | 7.2804 | 7.3426 | 7.3861 | 7.4483 | 7.4918 |
| Camarilla | 7.2947 | 7.3044 | 7.3141 | 7.3238 | 7.3335 | 7.3432 | 7.3529 |
| Woodie | 7.1653 | 7.2322 | 7.2710 | 7.3379 | 7.3767 | 7.4436 | 7.4824 |
| Fibonacci | 7.2369 | 7.2773 | 7.3023 | 7.3426 | 7.3830 | 7.4080 | 7.4483 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.6347 | 6.9649 | 7.1347 | 7.4649 | 7.6347 | 7.9649 | 8.1347 |
| Camarilla | 7.1669 | 7.2127 | 7.2586 | 7.3044 | 7.3502 | 7.3961 | 7.4419 |
| Woodie | 6.5544 | 6.9248 | 7.0544 | 7.4248 | 7.5544 | 7.9248 | 8.0544 |
| Fibonacci | 6.9649 | 7.1559 | 7.2739 | 7.4649 | 7.6559 | 7.7739 | 7.9649 |
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): | 23.77 | |
| MACD (12,26,9): | -0.1030 | |
| Directional Movement: | -21.3196 | |
| AROON (14): | -85.7142 | |
| DEMA (21): | 7.2853 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.3991 | |
| Elder Ray (13): | -0.0717 | |
| Super Trend (3,10): | 7.4795 | |
| Zig ZAG (10): | 7.3001 | |
| VORTEX (21): | 0.7265 | |
| Stochastique (14,3,5): | 8.29 | |
| TEMA (21): | 7.2630 | |
| Williams %R (14): | -96.22 | |
| Chande Momentum Oscillator (20): | -0.1096 | |
| Repulse (5,40,3): | -0.6541 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.2121 | |
| Courbe Coppock: | 4.01 |
| MA7: | 7.3397 | |
| MA20: | 7.4036 | |
| MA50: | 7.6546 | |
| MA100: | 7.7740 | |
| MAexp7: | 7.3336 | |
| MAexp20: | 7.4253 | |
| MAexp50: | 7.5892 | |
| MAexp100: | 7.7022 | |
| Price / MA7: | -0.50% | |
| Price / MA20: | -1.36% | |
| Price / MA50: | -4.60% | |
| Price / MA100: | -6.06% | |
| Price / MAexp7: | -0.42% | |
| Price / MAexp20: | -1.65% | |
| Price / MAexp50: | -3.77% | |
| Price / MAexp100: | -5.19% |
Quotes :
-
Real time data
-
Forex
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
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…
Add a comment
Comments
0 comments on the analysis CAD/NOK - Daily