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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 12/11/2024 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Neutral
Underlying: Bullish
Technical indicators
28%
22%
50%
My opinion
Bullish above 11.1329 NOK
My targets
11.1587 NOK (+0.0125)
11.1782 NOK (+0.0320)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 11.1329 NOK remains possible. It is advisable to trade USD/NOK with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 11.1329 NOK. The next bullish objective for buyers is set at 11.1587 NOK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 11.1782 NOK. If there is any crossing, the next objective would be the resistance located at 11.1984 NOK. PS: if there is a bearish break in the support located at 11.1329 NOK we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.

Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
3.4

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.

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

Additional analysis

Quotes

The USD/NOK price is 11.1462 NOK. The price registered a decrease of -0.01% on the session and was traded between 11.1017 NOK and 11.2044 NOK over the period. The price is currently at +0.40% from its lowest and -0.52% from its highest.

11.1017
11.2044
11.1462

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



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

New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


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 bullish. The signals given by moving averages are 75.00% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Central Indicators

Williams %R indicator is back over -50

Type : Bullish

Timeframe : 1 hour



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Central Patterns

Near support of channel

Type : Bullish

Timeframe : 1 hour



Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:

Central Candlesticks

Doji

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 11.0930 11.1175 11.1329 11.1462 11.1587 11.1782 11.1984
Change (%) -0.48% -0.26% -0.12% - +0.11% +0.29% +0.47%
Change -0.0532 -0.0287 -0.0133 - +0.0125 +0.0320 +0.0522
Level Intermediate Intermediate Minor - Intermediate Minor Intermediate



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
Standard11.015611.054311.100811.139511.186011.224711.2712
Camarilla11.123911.131711.139511.147311.155111.162911.1707
Woodie11.019511.056311.104711.141511.189911.226711.2751
Fibonacci11.054311.086911.107011.139511.172111.192211.2247


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard10.874710.941811.048611.115711.222511.289611.3964
Camarilla11.107611.123511.139511.155411.171311.187311.2032
Woodie10.894610.951711.068511.125611.242411.299511.4163
Fibonacci10.941811.008211.049311.115711.182111.223211.2896


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard10.466210.642610.848411.024811.230611.407011.6128
Camarilla10.949210.984211.019311.054311.089311.124411.1594
Woodie10.481010.650010.863211.032211.245411.414411.6276
Fibonacci10.642610.788610.878811.024811.170811.261011.4070

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): 49.86
MACD (12,26,9): 0.0011
Directional Movement: -0.2909
AROON (14): -35.7143
DEMA (21): 11.1537
Parabolic SAR (0,02-0,02-0,2): 11.1719
Elder Ray (13): -0.0010
Super Trend (3,10): 11.1978
Zig ZAG (10): 11.1473
VORTEX (21): 0.9981
Stochastique (14,3,5): 48.63
TEMA (21): 11.1505
Williams %R (14): -45.54
Chande Momentum Oscillator (20): -0.0156
Repulse (5,40,3): -0.0226
ROCnROLL: -1
TRIX (15,9): 0.0027
Courbe Coppock: 0.22
MA7: 11.1043
MA20: 11.0837
MA50: 10.9750
MA100: 10.8309
MAexp7: 11.1512
MAexp20: 11.1517
MAexp50: 11.1446
MAexp100: 11.1287
Price / MA7: +0.38%
Price / MA20: +0.56%
Price / MA50: +1.56%
Price / MA100: +2.91%
Price / MAexp7: -0.04%
Price / MAexp20: -0.05%
Price / MAexp50: +0.01%
Price / MAexp100: +0.16%

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

Londinia
Londinia AI

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