USD/NOK - 1H - Technical analysis published on 09/04/2023 (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:
Bullish
Underlying:
Bullish
Technical indicators
39%
11%
50%
My opinion
Bullish above 10.6209 NOK
My targets
10.6944 NOK (+0.0335)
10.7450 NOK (+0.0841)
My analysis
A bullish trend on USD/NOK both in substance and in the short term. A purchase could be considered as long as the price remains above 10.6209 NOK. Each resistance break is a strong signal that the current trend will continue. The first bullish objective would be 10.6944 NOK. Then the price could move towards 10.7450 NOK. Then 10.8853 NOK by extension. Be careful, a return below 10.6209 NOK would be a sign of the trend weakening and a possible correction phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend could be riskier.
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
4.5
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
USD/NOK rating 10.6609 NOK. On the day, this instrument lost -0.02% and was between 10.6217 NOK and 10.6780 NOK. This implies that the price is at +0.37% from its lowest and at -0.16% from its highest.10.6217
10.6780
10.6609
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by USD/NOK:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this USD/NOK chart shows a bullish trend. 75.00% of the signals given by moving averages are bullish. This bullish trend shows slight signs of slowing down given the slightly bullish signals given by the short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, only 7 technical indicators out of 18 analysed are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Price is back under the pivot point
Type : Bearish
Timeframe : 1 hour
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 10.5680 | 10.6209 | 10.6561 | 10.6609 | 10.6944 | 10.7450 | 10.8853 |
| Change (%) | -0.87% | -0.38% | -0.05% | - | +0.31% | +0.79% | +2.10% |
| Change | -0.0929 | -0.0400 | -0.0048 | - | +0.0335 | +0.0841 | +0.2244 |
| Level | Intermediate | Intermediate | Minor | - | Major | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.4005 | 10.4635 | 10.5631 | 10.6261 | 10.7257 | 10.7887 | 10.8883 |
| Camarilla | 10.6180 | 10.6329 | 10.6478 | 10.6627 | 10.6776 | 10.6925 | 10.7074 |
| Woodie | 10.4188 | 10.4727 | 10.5814 | 10.6353 | 10.7440 | 10.7979 | 10.9066 |
| Fibonacci | 10.4635 | 10.5256 | 10.5640 | 10.6261 | 10.6882 | 10.7266 | 10.7887 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.3092 | 10.4156 | 10.5392 | 10.6456 | 10.7692 | 10.8756 | 10.9992 |
| Camarilla | 10.5995 | 10.6205 | 10.6416 | 10.6627 | 10.6838 | 10.7049 | 10.7260 |
| Woodie | 10.3177 | 10.4199 | 10.5477 | 10.6499 | 10.7777 | 10.8799 | 11.0077 |
| Fibonacci | 10.4156 | 10.5035 | 10.5578 | 10.6456 | 10.7335 | 10.7878 | 10.8756 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.5519 | 9.8160 | 10.2239 | 10.4880 | 10.8959 | 11.1600 | 11.5679 |
| Camarilla | 10.4470 | 10.5086 | 10.5702 | 10.6318 | 10.6934 | 10.7550 | 10.8166 |
| Woodie | 9.6238 | 9.8520 | 10.2958 | 10.5240 | 10.9678 | 11.1960 | 11.6398 |
| Fibonacci | 9.8160 | 10.0727 | 10.2313 | 10.4880 | 10.7447 | 10.9033 | 11.1600 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 50.24 | |
| MACD (12,26,9): | 0.0024 | |
| Directional Movement: | -1.9271 | |
| AROON (14): | -42.8572 | |
| DEMA (21): | 10.6568 | |
| Parabolic SAR (0,02-0,02-0,2): | 10.6814 | |
| Elder Ray (13): | 0.0099 | |
| Super Trend (3,10): | 10.6039 | |
| Zig ZAG (10): | 10.6521 | |
| VORTEX (21): | 0.9652 | |
| Stochastique (14,3,5): | 63.12 | |
| TEMA (21): | 10.6536 | |
| Williams %R (14): | -43.06 | |
| Chande Momentum Oscillator (20): | -0.0213 | |
| Repulse (5,40,3): | 0.0345 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0065 | |
| Courbe Coppock: | 0.35 |
| MA7: | 10.6496 | |
| MA20: | 10.5588 | |
| MA50: | 10.4136 | |
| MA100: | 10.5910 | |
| MAexp7: | 10.6536 | |
| MAexp20: | 10.6524 | |
| MAexp50: | 10.6443 | |
| MAexp100: | 10.6411 | |
| Price / MA7: | +0.11% | |
| Price / MA20: | +0.97% | |
| Price / MA50: | +2.37% | |
| Price / MA100: | +0.66% | |
| Price / MAexp7: | +0.07% | |
| Price / MAexp20: | +0.08% | |
| Price / MAexp50: | +0.16% | |
| Price / MAexp100: | +0.19% |
Quotes :
-
Real time data
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Forex
News
Don't forget to follow the news on USD/NOK. At the time of publication of this analysis, the latest news was as follows:
Sizeable correction possible on USD/NOK, Trade idea for IntelThis member declared not having a position on this financial instrument or a related financial instrument.
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