CHF/NOK
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 06/06/2024 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 11.8575 NOK
My targets
11.9241 NOK (+0.0387)
11.9444 NOK (+0.0590)
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 11.8575 NOK. The buyers' bullish objective is set at 11.9241 NOK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 11.9444 NOK. If there is any crossing, the next objective would be the resistance located at 12.1176 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 confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8.4

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:
15 min. Daily Weekly

Additional analysis

Quotes

The CHF/NOK rating is 11.8854 NOK. The price registered an increase of +0.38% on the session and was between 11.8273 NOK and 11.8925 NOK. This implies that the price is at +0.49% from its lowest and at -0.06% from its highest.

11.8273
11.8925
11.8854

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:
The Central Records scanner for higher/lower results shows the following items:

Central Records

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly


Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


A technical analysis in 1H of this CHF/NOK chart shows a strongly bullish trend. 89.29% 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.

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

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour


Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly



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:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour


Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour



Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:

Central Candlesticks

Bullish engulfing lines

Type : Bullish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 11.6760 11.7958 11.8575 11.8854 11.9241 12.1176 12.2819
Change (%) -1.76% -0.75% -0.23% - +0.33% +1.95% +3.34%
Change -0.2094 -0.0896 -0.0279 - +0.0387 +0.2322 +0.3965
Level Intermediate Major Minor - Major Intermediate Minor



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
Standard11.732611.764211.802411.834011.872211.903811.9420
Camarilla11.821411.827811.834211.840611.847011.853411.8598
Woodie11.735911.765911.805711.835711.875511.905511.9453
Fibonacci11.764211.790911.807311.834011.860711.877111.9038


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard11.282611.377611.503211.598211.723811.818811.9444
Camarilla11.568011.588311.608511.628711.648911.669111.6894
Woodie11.297811.385311.518411.605911.739011.826511.9596
Fibonacci11.377611.461911.514011.598211.682511.734611.8188


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard10.657111.064911.346811.754612.036512.444312.7262
Camarilla11.439011.502311.565511.628711.691911.755211.8184
Woodie10.594211.033411.283911.723111.973612.412812.6633
Fibonacci11.064911.328411.491111.754612.018112.180812.4443

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): 65.23
MACD (12,26,9): 0.0115
Directional Movement: 8.1026
AROON (14): 50.0000
DEMA (21): 11.8710
Parabolic SAR (0,02-0,02-0,2): 11.8422
Elder Ray (13): 0.0192
Super Trend (3,10): 11.8211
Zig ZAG (10): 11.8850
VORTEX (21): 1.0890
Stochastique (14,3,5): 89.84
TEMA (21): 11.8714
Williams %R (14): -13.04
Chande Momentum Oscillator (20): 0.0411
Repulse (5,40,3): 0.1982
ROCnROLL: 1
TRIX (15,9): 0.0077
Courbe Coppock: 0.43
MA7: 11.7391
MA20: 11.7377
MA50: 11.8892
MA100: 11.9480
MAexp7: 11.8716
MAexp20: 11.8570
MAexp50: 11.8303
MAexp100: 11.7802
Price / MA7: +1.25%
Price / MA20: +1.26%
Price / MA50: -0.03%
Price / MA100: -0.52%
Price / MAexp7: +0.12%
Price / MAexp20: +0.24%
Price / MAexp50: +0.47%
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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