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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 06/20/2023 (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
72%
11%
17%
My opinion
Bullish above 10.7612 NOK
My targets
10.8310 NOK (+0.0557)
10.8853 NOK (+0.1100)
My analysis
USD/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 10.7612 NOK. The next resistance located at 10.8310 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 10.8853 NOK. After this resistance, buyers could then target 11.0511 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.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8

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.

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

Additional analysis

Quotes

USD/NOK rating 10.7753 NOK. The price registered an increase of +0.82% on the session and was traded between 10.6365 NOK and 10.7975 NOK over the period. The price is currently at +1.30% from its lowest and -0.21% from its highest.

10.6365
10.7975
10.7753

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



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, which identifies the highest / lowest, has detected several elements:

Central Records

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



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. There is no crossing of moving average by the price or crossing of moving averages between themselves.

An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Previous candle closed over Bollinger bands

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


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Central Patterns

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
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 10.6320 10.6848 10.7612 10.7753 10.8310 10.8853 11.0511
Change (%) -1.33% -0.84% -0.13% - +0.52% +1.02% +2.56%
Change -0.1433 -0.0905 -0.0141 - +0.0557 +0.1100 +0.2758
Level Minor Intermediate Major - Intermediate Major 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
Standard10.433310.492510.590210.649410.747110.806310.9040
Camarilla10.644910.659210.673610.688010.702410.716810.7312
Woodie10.452710.502110.609610.659010.766510.815910.9234
Fibonacci10.492510.552410.589410.649410.709310.746310.8063


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard10.052210.259910.415510.623210.778810.986511.1421
Camarilla10.471110.504410.537710.571010.604310.637610.6709
Woodie10.026110.246910.389410.610210.752710.973511.1160
Fibonacci10.259910.398710.484510.623210.762010.847810.9865


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard9.698310.065210.565810.932711.433311.800212.3008
Camarilla10.827910.907510.987011.066511.146011.225511.3051
Woodie9.765310.098610.632810.966111.500311.833612.3678
Fibonacci10.065210.396610.601310.932711.264111.468811.8002

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): 67.06
MACD (12,26,9): 0.0287
Directional Movement: 19.1515
AROON (14): 42.8571
DEMA (21): 10.7450
Parabolic SAR (0,02-0,02-0,2): 10.6528
Elder Ray (13): 0.0544
Super Trend (3,10): 10.6793
Zig ZAG (10): 10.7685
VORTEX (21): 1.1543
Stochastique (14,3,5): 88.92
TEMA (21): 10.7519
Williams %R (14): -15.78
Chande Momentum Oscillator (20): 0.0635
Repulse (5,40,3): 0.3884
ROCnROLL: 1
TRIX (15,9): 0.0322
Courbe Coppock: 0.68
MA7: 10.6596
MA20: 10.9013
MA50: 10.7443
MA100: 10.5726
MAexp7: 10.7414
MAexp20: 10.7081
MAexp50: 10.6641
MAexp100: 10.6559
Price / MA7: +1.09%
Price / MA20: -1.16%
Price / MA50: +0.29%
Price / MA100: +1.92%
Price / MAexp7: +0.31%
Price / MAexp20: +0.63%
Price / MAexp50: +1.04%
Price / MAexp100: +1.12%

Quotes : - Real time data - Forex

News


The latest news and videos published on USD/NOK at the time of the analysis were 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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