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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 11/16/2023 (GMT)

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  • Timeframe : 1H
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  • Status : INVALID

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Summary of the analysis

Trends
Short term: Bullish
Underlying: Bearish
Technical indicators
67%
6%
28%
My opinion
Bearish under 10.8853 NOK
My targets
10.7964 NOK (-0.0679)
10.7607 NOK (-0.1036)
My analysis
The basic trend is bearish on USD/NOK and in the short term, the price is trying to rebound. For the time being, this is only a technical rebound and the basic trend is not threatened. To have the rebound confirmed, it would have at least to go back above the 10.8853 NOK. Buyers would then use the next resistance located at 10.9976 NOK as an objective. Crossing it would then enable buyers to target 11.0383 NOK. If there is a return to below the support located at 10.7964 NOK, this would be a sign of a reversal in the basic bearish trend. The next bearish objectives would be 10.7607 NOK and 10.5002 NOK by extension.

Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
0

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.

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

Additional analysis

Quotes

USD/NOK rating 10.8643 NOK. On the day, this instrument gained +0.55% with the lowest point at 10.7891 NOK and the highest point at 10.8825 NOK. The deviation from the price is +0.70% for the low point and -0.17% for the high point.

10.7891
10.8825
10.8643

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

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by USD/NOK:
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


A technical analysis in 1H of this USD/NOK chart shows a bearish trend. The signals given by moving averages are at 67.86% bearish. This bearish trend could slow down given the slightly bullish signals currently being given by short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:

Central Indicators

Bullish trend reversal : Moving Average 20

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : 1 hour



An assessment of technical indicators shows a moderate bullish signal.
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 scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour


Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly


RSI indicator is back over 50

Type : Bullish

Timeframe : 1 hour



The analysis of the price chart with Central Patterns scanners does not return any result.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:

Central Candlesticks

Three white soldiers

Type : Bullish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 10.2807 10.5002 10.7607 10.8643 10.8853 10.9976 11.0383
Change (%) -5.37% -3.35% -0.95% - +0.19% +1.23% +1.60%
Change -0.5836 -0.3641 -0.1036 - +0.0210 +0.1333 +0.1740
Level Intermediate Minor Major - Major Minor Minor



To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard10.630010.701510.753410.824910.876810.948311.0002
Camarilla10.771410.782710.794010.805310.816610.827910.8392
Woodie10.620210.696610.743610.820010.867010.943410.9904
Fibonacci10.701510.748610.777810.824910.872010.901210.9483


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard10.744310.870910.992811.119411.241311.367911.4898
Camarilla11.046311.069011.091811.114611.137411.160211.1829
Woodie10.741910.869710.990411.118211.238911.366711.4874
Fibonacci10.870910.965911.024511.119411.214411.273011.3679


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard10.176610.416410.796411.036211.416211.656012.0360
Camarilla11.006111.062911.119711.176511.233311.290111.3470
Woodie10.246810.451510.866611.071311.486411.691112.1062
Fibonacci10.416410.653110.799411.036211.272911.419211.6560

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): 56.29
MACD (12,26,9): -0.0067
Directional Movement: -1.9971
AROON (14): 100.0000
DEMA (21): 10.8220
Parabolic SAR (0,02-0,02-0,2): 10.7891
Elder Ray (13): 0.0160
Super Trend (3,10): 10.8843
Zig ZAG (10): 10.8763
VORTEX (21): 1.0929
Stochastique (14,3,5): 65.46
TEMA (21): 10.8438
Williams %R (14): -1.58
Chande Momentum Oscillator (20): 0.0551
Repulse (5,40,3): 0.6464
ROCnROLL: -1
TRIX (15,9): -0.0155
Courbe Coppock: 0.49
MA7: 11.0214
MA20: 11.0962
MA50: 10.9379
MA100: 10.6734
MAexp7: 10.8401
MAexp20: 10.8353
MAexp50: 10.8794
MAexp100: 10.9523
Price / MA7: -1.43%
Price / MA20: -2.09%
Price / MA50: -0.67%
Price / MA100: +1.79%
Price / MAexp7: +0.22%
Price / MAexp20: +0.27%
Price / MAexp50: -0.14%
Price / MAexp100: -0.80%

Quotes : - Real time data - 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:

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

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