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 09/09/2021 (GMT)

  • 249
  • 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
  • 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 bearish
Underlying: Slightly bullish
Technical indicators
22%
39%
39%
My opinion
Bearish under 8.7134 NOK
My targets
8.6683 NOK (-0.0229)
8.6356 NOK (-0.0556)
My analysis
The strong short-term decline in USD/NOK calls into question the currently slightly bullish basic trend. A trend reversal is likely. As long as the price remains below the resistance located at 8.7134 NOK, one could consider taking advantage of the short-term movement. The first bearish objective is located at 8.6683 NOK. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 8.6356 NOK as an objective. Crossing it would then enable sellers to target 8.6066 NOK. Be careful, a return to above 8.7134 NOK could jeopardize the reversal.

In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
0.9

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

Additional analysis

Quotes

The USD/NOK rating is 8.6912 NOK. The price is lower by -0.21% since the last closing and was between 8.6888 NOK and 8.7290 NOK. This implies that the price is at +0.03% from its lowest and at -0.43% from its highest.

8.6888
8.7290
8.6912

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by USD/NOK:
The study of the highest / lowest by the Central Records scanner shows the following result:

Central Records

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of this 1H chart of USD/NOK indicates that the overall trend is slightly bullish. 57.14% of the signals given by moving averages are bullish. Caution: the strong bearish signals currently given by short-term moving averages indicate that a trend reversal may be taking place. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:

Central Indicators

Bearish trend reversal : Moving Average 20

Type : Bearish

Timeframe : 1 hour


Bearish trend reversal : adaptative moving average 50

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with Moving Average 50

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : 1 hour



On the 18 technical indicators analysed, 4 are bullish, 7 are neutral and 7 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Central Indicators

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Central Patterns

Horizontal resistance is broken

Type : Bullish

Timeframe : 1 hour



For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:

Central Candlesticks

Three black crows

Type : Bearish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 8.6066 8.6356 8.6683 8.6912 8.7134 8.7383 8.7967
Change (%) -0.97% -0.64% -0.26% - +0.26% +0.54% +1.21%
Change -0.0846 -0.0556 -0.0229 - +0.0222 +0.0471 +0.1055
Level Minor Intermediate Major - Intermediate Minor Intermediate



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard8.61218.64318.67648.70748.74078.77178.8050
Camarilla8.69218.69808.70398.70988.71578.72168.7275
Woodie8.61348.64378.67778.70808.74208.77238.8063
Fibonacci8.64318.66768.68288.70748.73198.74718.7717


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard8.48118.54388.60618.66888.73118.79388.8561
Camarilla8.63398.64548.65688.66838.67988.69128.7027
Woodie8.48088.54378.60588.66878.73088.79378.8558
Fibonacci8.54388.59168.62118.66888.71668.74618.7938


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard8.03308.32998.51018.80708.98729.28419.4643
Camarilla8.55908.60278.64658.69028.73398.77778.8214
Woodie7.97468.30078.45178.77788.92889.25499.4059
Fibonacci8.32998.51228.62488.80708.98939.10199.2841

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): 45.19
MACD (12,26,9): 0.0015
Directional Movement: -3.1082
AROON (14): -28.5714
DEMA (21): 8.7115
Parabolic SAR (0,02-0,02-0,2): 8.7356
Elder Ray (13): -0.0137
Super Trend (3,10): 8.7276
Zig ZAG (10): 8.6975
VORTEX (21): 1.0228
Stochastique (14,3,5): 10.81
TEMA (21): 8.7042
Williams %R (14): -94.78
Chande Momentum Oscillator (20): -0.0230
Repulse (5,40,3): -0.2694
ROCnROLL: 2
TRIX (15,9): 0.0085
Courbe Coppock: 0.16
MA7: 8.6790
MA20: 8.7884
MA50: 8.8020
MA100: 8.5814
MAexp7: 8.7037
MAexp20: 8.7071
MAexp50: 8.6979
MAexp100: 8.6896
Price / MA7: +0.14%
Price / MA20: -1.11%
Price / MA50: -1.26%
Price / MA100: +1.28%
Price / MAexp7: -0.14%
Price / MAexp20: -0.18%
Price / MAexp50: -0.08%
Price / MAexp100: +0.02%

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

Online

Overall rating :
15907
Number of analyses :
Followers :
0
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…

Add a comment

Comments

0 comments on the analysis USD/NOK - 1H