CHF/NOK - 15 min. - Technical analysis published on 02/07/2023 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
39%
33%
28%
My opinion
Bullish above 11.1570 NOK
My targets
11.2609 NOK (+0.0111)
11.3537 NOK (+0.1039)
My analysis
CHF/NOK is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 11.1570 NOK. The next resistance located at 11.2609 NOK is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 11.3537 NOK. After this resistance, buyers could then target 11.9241 NOK. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
6.3
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This analysis was given by Simon1. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
CHF/NOK rating 11.2498 NOK. The price has increased by +1.02% since the last closing with the lowest point at 11.1158 NOK and the highest point at 11.2647 NOK. The deviation from the price is +1.21% for the low point and -0.13% for the high point.11.1158
11.2647
11.2498
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
A study of price movements over other periods shows the following variations:
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 15 min. of this CHF/NOK chart shows a strongly bullish trend. 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
On the 18 technical indicators analysed, 7 are bullish, 5 are neutral and 6 are bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : 15 minutes
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 15 minutes
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : 15 minutes
Near support of channel
Type : Bullish
Timeframe : 15 minutes
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 10.9517 | 11.0369 | 11.1680 | 11.2498 | 11.9241 |
| Change (%) | -2.65% | -1.89% | -0.73% | - | +5.99% |
| Change | -0.2981 | -0.2129 | -0.0818 | - | +0.6743 |
| Level | Intermediate | Major | Intermediate | - | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.8875 | 10.9501 | 11.0429 | 11.1055 | 11.1983 | 11.2609 | 11.3537 |
| Camarilla | 11.0931 | 11.1073 | 11.1216 | 11.1358 | 11.1501 | 11.1643 | 11.1785 |
| Woodie | 10.9027 | 10.9577 | 11.0581 | 11.1131 | 11.2135 | 11.2685 | 11.3689 |
| Fibonacci | 10.9501 | 11.0094 | 11.0461 | 11.1055 | 11.1648 | 11.2015 | 11.2609 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.4548 | 10.5774 | 10.8059 | 10.9285 | 11.1570 | 11.2796 | 11.5081 |
| Camarilla | 10.9378 | 10.9699 | 11.0021 | 11.0343 | 11.0665 | 11.0987 | 11.1309 |
| Woodie | 10.5077 | 10.6039 | 10.8588 | 10.9550 | 11.2099 | 11.3061 | 11.5610 |
| Fibonacci | 10.5774 | 10.7116 | 10.7944 | 10.9285 | 11.0627 | 11.1455 | 11.2796 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.2636 | 10.4258 | 10.6597 | 10.8219 | 11.0558 | 11.2180 | 11.4519 |
| Camarilla | 10.7847 | 10.8210 | 10.8573 | 10.8936 | 10.9299 | 10.9662 | 11.0025 |
| Woodie | 10.2995 | 10.4437 | 10.6956 | 10.8398 | 11.0917 | 11.2359 | 11.4878 |
| Fibonacci | 10.4258 | 10.5771 | 10.6706 | 10.8219 | 10.9732 | 11.0667 | 11.2180 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 56.01 | |
| MACD (12,26,9): | 0.0106 | |
| Directional Movement: | 0.3393 | |
| AROON (14): | -78.5714 | |
| DEMA (21): | 11.2520 | |
| Parabolic SAR (0,02-0,02-0,2): | 11.2518 | |
| Elder Ray (13): | -0.0016 | |
| Super Trend (3,10): | 11.2178 | |
| Zig ZAG (10): | 11.2394 | |
| VORTEX (21): | 1.0499 | |
| Stochastique (14,3,5): | 32.67 | |
| TEMA (21): | 11.2453 | |
| Williams %R (14): | -48.54 | |
| Chande Momentum Oscillator (20): | -0.0183 | |
| Repulse (5,40,3): | 0.1444 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0224 | |
| Courbe Coppock: | 0.15 |
| MA7: | 10.9986 | |
| MA20: | 10.8233 | |
| MA50: | 10.7129 | |
| MA100: | 10.6587 | |
| MAexp7: | 11.2418 | |
| MAexp20: | 11.2338 | |
| MAexp50: | 11.2049 | |
| MAexp100: | 11.1707 | |
| Price / MA7: | +2.28% | |
| Price / MA20: | +3.94% | |
| Price / MA50: | +5.01% | |
| Price / MA100: | +5.55% | |
| Price / MAexp7: | +0.07% | |
| Price / MAexp20: | +0.14% | |
| Price / MAexp50: | +0.40% | |
| Price / MAexp100: | +0.71% |
Quotes :
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Real time data
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Forex
This member declared not having a position on this financial instrument or a related financial instrument.
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