CHF/NOK - 1H - Technical analysis published on 06/04/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
22%
33%
44%
My opinion
Bullish above 11.6093 NOK
My targets
11.7155 NOK (+0.0411)
11.8188 NOK (+0.1444)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on CHF/NOK as long as the price remains well above 11.6093 NOK. The buyers' bullish objective is set at 11.7155 NOK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 11.8188 NOK. If there is any crossing, the next objective would be the resistance located at 11.9241 NOK. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
5
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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 11.6744 NOK. On the day, this instrument lost -0.01% and was between 11.6576 NOK and 11.6762 NOK. This implies that the price is at +0.14% from its lowest and at -0.02% from its highest.11.6576
11.6762
11.6744
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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 HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of CHF/NOK indicates that the overall trend is strongly bullish. 85.71% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
On the 18 technical indicators analysed, 4 are bullish, 8 are neutral and 6 are bearish. The Central Indicators scanner found this result concerning these indicators:
Aroon indicator bearish trend
Type : Bearish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near support of triangle
Type : Bullish
Timeframe : 1 hour
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 11.5135 | 11.5638 | 11.6093 | 11.6744 | 11.6760 | 11.7155 | 11.9241 |
| Change (%) | -1.38% | -0.95% | -0.56% | - | +0.01% | +0.35% | +2.14% |
| Change | -0.1609 | -0.1106 | -0.0651 | - | +0.0016 | +0.0411 | +0.2497 |
| Level | Minor | Minor | Intermediate | - | Major | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.5006 | 11.5520 | 11.6135 | 11.6649 | 11.7264 | 11.7778 | 11.8393 |
| Camarilla | 11.6440 | 11.6543 | 11.6647 | 11.6750 | 11.6854 | 11.6957 | 11.7061 |
| Woodie | 11.5057 | 11.5545 | 11.6186 | 11.6674 | 11.7315 | 11.7803 | 11.8444 |
| Fibonacci | 11.5520 | 11.5951 | 11.6218 | 11.6649 | 11.7080 | 11.7347 | 11.7778 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.2826 | 11.3776 | 11.5032 | 11.5982 | 11.7238 | 11.8188 | 11.9444 |
| Camarilla | 11.5680 | 11.5883 | 11.6085 | 11.6287 | 11.6489 | 11.6691 | 11.6894 |
| Woodie | 11.2978 | 11.3853 | 11.5184 | 11.6059 | 11.7390 | 11.8265 | 11.9596 |
| Fibonacci | 11.3776 | 11.4619 | 11.5140 | 11.5982 | 11.6825 | 11.7346 | 11.8188 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.6571 | 11.0649 | 11.3468 | 11.7546 | 12.0365 | 12.4443 | 12.7262 |
| Camarilla | 11.4390 | 11.5023 | 11.5655 | 11.6287 | 11.6919 | 11.7552 | 11.8184 |
| Woodie | 10.5942 | 11.0334 | 11.2839 | 11.7231 | 11.9736 | 12.4128 | 12.6633 |
| Fibonacci | 11.0649 | 11.3284 | 11.4911 | 11.7546 | 12.0181 | 12.1808 | 12.4443 |
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): | 53.60 | |
| MACD (12,26,9): | 0.0053 | |
| Directional Movement: | 4.1051 | |
| AROON (14): | -50.0000 | |
| DEMA (21): | 11.6749 | |
| Parabolic SAR (0,02-0,02-0,2): | 11.7020 | |
| Elder Ray (13): | 0.0004 | |
| Super Trend (3,10): | 11.6344 | |
| Zig ZAG (10): | 11.6708 | |
| VORTEX (21): | 1.1215 | |
| Stochastique (14,3,5): | 18.68 | |
| TEMA (21): | 11.6735 | |
| Williams %R (14): | -78.19 | |
| Chande Momentum Oscillator (20): | -0.0348 | |
| Repulse (5,40,3): | 0.0076 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0103 | |
| Courbe Coppock: | 0.07 |
| MA7: | 11.6094 | |
| MA20: | 11.7409 | |
| MA50: | 11.8902 | |
| MA100: | 11.9516 | |
| MAexp7: | 11.6695 | |
| MAexp20: | 11.6665 | |
| MAexp50: | 11.6527 | |
| MAexp100: | 11.6351 | |
| Price / MA7: | +0.56% | |
| Price / MA20: | -0.57% | |
| Price / MA50: | -1.81% | |
| Price / MA100: | -2.32% | |
| Price / MAexp7: | +0.04% | |
| Price / MAexp20: | +0.07% | |
| Price / MAexp50: | +0.19% | |
| Price / MAexp100: | +0.34% |
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.
About author
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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…
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