CHF/NOK

- NOK (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

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

Type:	Forex
Ticker:	CHFNOK
ISIN:

CHF/NOK - 1H - Technical analysis published on 01/03/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

61%

39%

My opinion

Bullish above 12.1556 NOK

My targets

12.3428 NOK (+0.1661)

12.4983 NOK (+0.3216)

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 12.1556 NOK. The next resistance located at 12.3428 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 12.4983 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, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

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 CHF/NOK rating is 12.1767 NOK. The price is lower by -0.01% since the last closing and was traded between 12.1671 NOK and 12.1884 NOK over the period. The price is currently at +0.08% from its lowest and -0.10% from its highest.

12.1671

12.1884

12.1767

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 CHF/NOK:

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

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in 1H 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. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

The probability of a further increase are moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

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

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	11.9933	12.0775	12.1556	12.1767	12.1845	12.3428	12.4983
Change (%)	-1.51%	-0.81%	-0.17%	-	+0.06%	+1.36%	+2.64%
Change	-0.1834	-0.0992	-0.0211	-	+0.0078	+0.1661	+0.3216
Level	Intermediate	Major	Intermediate	-	Intermediate	Intermediate	Major

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	11.8461	11.9199	12.0487	12.1225	12.2513	12.3251	12.4539
Camarilla	12.1219	12.1405	12.1590	12.1776	12.1962	12.2147	12.2333
Woodie	11.8737	11.9337	12.0763	12.1363	12.2789	12.3389	12.4815
Fibonacci	11.9199	11.9973	12.0451	12.1225	12.1999	12.2477	12.3251

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	12.0908	12.0908	12.0908	12.0908	12.0908	12.0908	12.0908
Camarilla	12.0908	12.0908	12.0908	12.0908	12.0908	12.0908	12.0908
Woodie	12.0908	12.0908	12.0908	12.0908	12.0908	12.0908	12.0908
Fibonacci	12.0908	12.0908	12.0908	12.0908	12.0908	12.0908	12.0908

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	11.0695	11.4633	11.7738	12.1676	12.4781	12.8719	13.1824
Camarilla	11.8906	11.9552	12.0197	12.0843	12.1489	12.2134	12.2780
Woodie	11.0279	11.4425	11.7322	12.1468	12.4365	12.8511	13.1408
Fibonacci	11.4633	11.7323	11.8986	12.1676	12.4366	12.6029	12.8719

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	63.87
MACD (12,26,9):	0.0276
Directional Movement:	9.3572
AROON (14):	28.5714
DEMA (21):	12.1788
Parabolic SAR (0,02-0,02-0,2):	12.1207
Elder Ray (13):	0.0203
Super Trend (3,10):	12.1008
Zig ZAG (10):	12.1786
VORTEX (21):	1.1754
Stochastique (14,3,5):	86.69
TEMA (21):	12.1944
Williams %R (14):	-20.74
Chande Momentum Oscillator (20):	0.0100
Repulse (5,40,3):	0.0839
ROCnROLL:	1
TRIX (15,9):	0.0295
Courbe Coppock:	1.69

MA7:	12.0991
MA20:	12.1370
MA50:	12.2276
MA100:	12.1346
MAexp7:	12.1735
MAexp20:	12.1444
MAexp50:	12.1078
MAexp100:	12.0689
Price / MA7:	+0.64%
Price / MA20:	+0.33%
Price / MA50:	-0.42%
Price / MA100:	+0.35%
Price / MAexp7:	+0.03%
Price / MAexp20:	+0.27%
Price / MAexp50:	+0.57%
Price / MAexp100:	+0.89%

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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