USD/NOK - 1H - Technical analysis published on 11/10/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
11%
67%
22%
My opinion
Bearish under 11.1832 NOK
My targets
11.0703 NOK (-0.0503)
10.9976 NOK (-0.1230)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on USD/NOK as long as the price remains well below 11.1832 NOK. The sellers' bearish objective is set at 11.0703 NOK. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 10.9976 NOK. In case of crossing, the next objective would be the support located at 10.8853 NOK.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
5
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This analysis was given by hannahfreeman. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
USD/NOK rating 11.1206 NOK. The price registered a decrease of -0.90% on the session with the lowest point at 11.1163 NOK and the highest point at 11.2273 NOK. The deviation from the price is +0.04% for the low point and -0.95% for the high point.11.1163
11.2273
11.1206
The Central Gaps scanner detects a bullish opening. A small advantage for buyers 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 year)
Type : Bullish
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 USD/NOK chart shows a bearish trend. 64.29% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, 12 technical indicators out of 18 analysed are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 10.9976 | 11.0703 | 11.1098 | 11.1206 | 11.1832 | 11.2057 | 11.2468 |
| Change (%) | -1.11% | -0.45% | -0.10% | - | +0.56% | +0.77% | +1.13% |
| Change | -0.1230 | -0.0503 | -0.0108 | - | +0.0626 | +0.0851 | +0.1262 |
| Level | Minor | Minor | Intermediate | - | Major | Intermediate | Intermediate |
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 |
|---|---|---|---|---|---|---|---|
| Standard | 11.0130 | 11.0583 | 11.1397 | 11.1850 | 11.2664 | 11.3117 | 11.3931 |
| Camarilla | 11.1863 | 11.1979 | 11.2095 | 11.2211 | 11.2327 | 11.2443 | 11.2559 |
| Woodie | 11.0311 | 11.0673 | 11.1578 | 11.1940 | 11.2845 | 11.3207 | 11.4112 |
| Fibonacci | 11.0583 | 11.1067 | 11.1366 | 11.1850 | 11.2334 | 11.2633 | 11.3117 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.7332 | 10.8776 | 10.9587 | 11.1031 | 11.1842 | 11.3286 | 11.4097 |
| Camarilla | 10.9779 | 10.9986 | 11.0192 | 11.0399 | 11.0606 | 11.0812 | 11.1019 |
| Woodie | 10.7017 | 10.8618 | 10.9272 | 11.0873 | 11.1527 | 11.3128 | 11.3782 |
| Fibonacci | 10.8776 | 10.9637 | 11.0169 | 11.1031 | 11.1892 | 11.2424 | 11.3286 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.1766 | 10.4164 | 10.7964 | 11.0362 | 11.4162 | 11.6560 | 12.0360 |
| Camarilla | 11.0061 | 11.0629 | 11.1197 | 11.1765 | 11.2333 | 11.2901 | 11.3470 |
| Woodie | 10.2468 | 10.4515 | 10.8666 | 11.0713 | 11.4864 | 11.6911 | 12.1062 |
| Fibonacci | 10.4164 | 10.6531 | 10.7994 | 11.0362 | 11.2729 | 11.4192 | 11.6560 |
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): | 36.82 | |
| MACD (12,26,9): | -0.0126 | |
| Directional Movement: | -14.6562 | |
| AROON (14): | -78.5714 | |
| DEMA (21): | 11.1567 | |
| Parabolic SAR (0,02-0,02-0,2): | 11.2076 | |
| Elder Ray (13): | -0.0258 | |
| Super Trend (3,10): | 11.2150 | |
| Zig ZAG (10): | 11.1267 | |
| VORTEX (21): | 1.0342 | |
| Stochastique (14,3,5): | 6.71 | |
| TEMA (21): | 11.1424 | |
| Williams %R (14): | -91.18 | |
| Chande Momentum Oscillator (20): | -0.0907 | |
| Repulse (5,40,3): | -0.3816 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0013 | |
| Courbe Coppock: | 0.96 |
| MA7: | 11.1380 | |
| MA20: | 11.1125 | |
| MA50: | 10.9213 | |
| MA100: | 10.6683 | |
| MAexp7: | 11.1450 | |
| MAexp20: | 11.1683 | |
| MAexp50: | 11.1718 | |
| MAexp100: | 11.1615 | |
| Price / MA7: | -0.16% | |
| Price / MA20: | +0.07% | |
| Price / MA50: | +1.82% | |
| Price / MA100: | +4.24% | |
| Price / MAexp7: | -0.22% | |
| Price / MAexp20: | -0.43% | |
| Price / MAexp50: | -0.46% | |
| Price / MAexp100: | -0.37% |
Quotes :
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Real time data
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Forex
News
The last news published on USD/NOK at the time of the generation of this analysis 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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