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USD/NOK
USD NOK
- NOK (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: USDNOK
ISIN:

USD/NOK - 1H - Technical analysis published on 05/13/2021 (GMT)

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Londinia
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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
61%
11%
28%
My opinion
Bullish above 8.3316 NOK
My targets
8.3706 NOK (+0.0242)
8.3908 NOK (+0.0444)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on USD/NOK as long as the price remains well above 8.3316 NOK. The buyers' bullish objective is set at 8.3706 NOK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 8.3908 NOK. If there is any crossing, the next objective would be the resistance located at 8.7288 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, 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
0
10
7.7

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.

Vincent Launay
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The USD/NOK price is 8.3464 NOK. The price registered an increase of +0.05% on the session and was traded between 8.3266 NOK and 8.3586 NOK over the period. The price is currently at +0.24% from its lowest and -0.15% from its highest.

8.3266
8.3586
8.3464

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:

Technical


Technical analysis of this 1H chart of USD/NOK indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

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

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



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:

Central Patterns

Resistance of triangle is broken

Type : Bullish

Timeframe : 1 hour



The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:

Central Candlesticks

Bullish engulfing lines

Type : Bullish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 8.2477 8.2973 8.3316 8.3464 8.3486 8.3706 8.3908
Change (%) -1.18% -0.59% -0.18% - +0.03% +0.29% +0.53%
Change -0.0987 -0.0491 -0.0148 - +0.0022 +0.0242 +0.0444
Level Intermediate Intermediate Minor - Intermediate 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
Standard8.17218.20998.27618.31398.38018.41798.4841
Camarilla8.31388.32338.33298.34248.35198.36158.3710
Woodie8.18648.21708.29048.32108.39448.42508.4984
Fibonacci8.20998.24968.27418.31398.35368.37818.4179


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard7.98728.09558.15398.26228.32068.42898.4873
Camarilla8.16648.18168.19698.21228.22758.24288.2580
Woodie7.96228.08308.12898.24978.29568.41648.4623
Fibonacci8.09558.15928.19868.26228.32598.36538.4289


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard7.67517.91178.11538.35198.55558.79218.9957
Camarilla8.19798.23828.27868.31898.35938.39968.4400
Woodie7.65867.90358.09888.34378.53908.78398.9792
Fibonacci7.91178.07998.18378.35198.52018.62398.7921

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): 67.82
MACD (12,26,9): 0.0177
Directional Movement: 17.7291
AROON (14): 28.5714
DEMA (21): 8.3542
Parabolic SAR (0,02-0,02-0,2): 8.3143
Elder Ray (13): 0.0145
Super Trend (3,10): 8.3093
Zig ZAG (10): 8.3515
VORTEX (21): 1.2101
Stochastique (14,3,5): 77.87
TEMA (21): 8.3565
Williams %R (14): -47.19
Chande Momentum Oscillator (20): 0.0124
Repulse (5,40,3): -0.0515
ROCnROLL: 1
TRIX (15,9): 0.0318
Courbe Coppock: 0.77
MA7: 8.2965
MA20: 8.2981
MA50: 8.4200
MA100: 8.4705
MAexp7: 8.3443
MAexp20: 8.3284
MAexp50: 8.3017
MAexp100: 8.2884
Price / MA7: +0.60%
Price / MA20: +0.58%
Price / MA50: -0.87%
Price / MA100: -1.47%
Price / MAexp7: +0.03%
Price / MAexp20: +0.22%
Price / MAexp50: +0.54%
Price / MAexp100: +0.70%

Quotes : - Real time data - Forex

News


The last news published on USD/NOK at the time of the generation of this analysis was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

About author

Londinia
Londinia AI

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