USD/NOK - 1H - Technical analysis published on 04/04/2025 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 10.6425 NOK
My targets
10.7326 NOK (+0.0069)
10.8800 NOK (+0.1543)
My analysis
The bullish trend is currently very strong on USD/NOK. As long as the price remains above the support at 10.6425 NOK, you could try to benefit from the boom. The first bullish objective is located at 10.7326 NOK. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 10.8800 NOK as an objective. Crossing it would then enable buyers to target 11.0342 NOK. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
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
8.6
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The USD/NOK rating is 10.7257 NOK. The price registered an increase of +3.84% on the session and was between 10.3044 NOK and 10.7778 NOK. This implies that the price is at +4.09% from its lowest and at -0.48% from its highest.10.3044
10.7778
10.7257
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of USD/NOK in 1H shows a strongly overall bullish trend. 89.29% 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.
In fact, according to the parameters integrated into the Central Analyzer system, 16 technical indicators out of 18 analysed are currently bullish. The Central Indicators scanner found this result concerning these indicators:
Pivot points : price is over resistance 3 (Monthly)
Type : Neutral
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 10.4745 | 10.5451 | 10.5776 | 10.7257 | 10.8800 | 11.0342 | 11.2169 |
Change (%) | -2.34% | -1.68% | -1.38% | - | +1.44% | +2.88% | +4.58% |
Change | -0.2512 | -0.1806 | -0.1481 | - | +0.1543 | +0.3085 | +0.4912 |
Level | Major | Major | Intermediate | - | Intermediate | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 9.9810 | 10.0859 | 10.2077 | 10.3126 | 10.4344 | 10.5393 | 10.6611 |
Camarilla | 10.2673 | 10.2880 | 10.3088 | 10.3296 | 10.3504 | 10.3712 | 10.3919 |
Woodie | 9.9896 | 10.0901 | 10.2163 | 10.3168 | 10.4430 | 10.5435 | 10.6697 |
Fibonacci | 10.0859 | 10.1725 | 10.2260 | 10.3126 | 10.3992 | 10.4527 | 10.5393 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 10.2631 | 10.3465 | 10.4111 | 10.4945 | 10.5591 | 10.6425 | 10.7071 |
Camarilla | 10.4349 | 10.4485 | 10.4620 | 10.4756 | 10.4892 | 10.5027 | 10.5163 |
Woodie | 10.2536 | 10.3418 | 10.4016 | 10.4898 | 10.5496 | 10.6378 | 10.6976 |
Fibonacci | 10.3465 | 10.4031 | 10.4380 | 10.4945 | 10.5511 | 10.5860 | 10.6425 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 9.3824 | 9.9062 | 10.2088 | 10.7326 | 11.0352 | 11.5590 | 11.8616 |
Camarilla | 10.2841 | 10.3599 | 10.4357 | 10.5114 | 10.5872 | 10.6629 | 10.7387 |
Woodie | 9.2718 | 9.8509 | 10.0982 | 10.6773 | 10.9246 | 11.5037 | 11.7510 |
Fibonacci | 9.9062 | 10.2219 | 10.4169 | 10.7326 | 11.0483 | 11.2433 | 11.5590 |
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): | 82.33 | |
MACD (12,26,9): | 0.0934 | |
Directional Movement: | 37.9399 | |
AROON (14): | 92.8571 | |
DEMA (21): | 10.6155 | |
Parabolic SAR (0,02-0,02-0,2): | 10.5774 | |
Elder Ray (13): | 0.1645 | |
Super Trend (3,10): | 10.5524 | |
Zig ZAG (10): | 10.7385 | |
VORTEX (21): | 1.3685 | |
Stochastique (14,3,5): | 95.73 | |
TEMA (21): | 10.6929 | |
Williams %R (14): | -11.55 | |
Chande Momentum Oscillator (20): | 0.3827 | |
Repulse (5,40,3): | 1.0839 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.0728 | |
Courbe Coppock: | 5.95 |
MA7: | 10.4813 | |
MA20: | 10.5565 | |
MA50: | 10.9277 | |
MA100: | 11.0798 | |
MAexp7: | 10.6382 | |
MAexp20: | 10.5117 | |
MAexp50: | 10.4423 | |
MAexp100: | 10.4414 | |
Price / MA7: | +2.33% | |
Price / MA20: | +1.60% | |
Price / MA50: | -1.85% | |
Price / MA100: | -3.20% | |
Price / MAexp7: | +0.82% | |
Price / MAexp20: | +2.04% | |
Price / MAexp50: | +2.71% | |
Price / MAexp100: | +2.72% |
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:
-
USD/NOK Forecast November 5, 2024
-
USD/NOK Forecast October 29, 2024
-
USD/NOK Forecast September 26, 2024
-
USD/NOK Forecast September 11, 2024
-
USD/NOK Forecast August 30, 2024
This member declared not having a position on this financial instrument or a related financial instrument.
About author
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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