AUD/NOK - 1H - Technical analysis published on 08/19/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 6.4047 NOK
My targets
6.4457 NOK (+0.0245)
6.4743 NOK (+0.0531)
My analysis
AUD/NOK is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 6.4047 NOK. The next resistance located at 6.4457 NOK is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 6.4743 NOK. After this resistance, buyers could then target 6.5099 NOK. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.9
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The AUD/NOK price is 6.4212 NOK. On the day, this instrument gained +0.29% and was traded between 6.3972 NOK and 6.4265 NOK over the period. The price is currently at +0.38% from its lowest and -0.08% from its highest.6.3972
6.4265
6.4212
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
A technical analysis in 1H of this AUD/NOK chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
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
Resistance of triangle is broken
Type : Bullish
Timeframe : 1 hour
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 | 6.3472 | 6.3672 | 6.4047 | 6.4212 | 6.4457 | 6.4743 | 6.5099 |
| Change (%) | -1.15% | -0.84% | -0.26% | - | +0.38% | +0.83% | +1.38% |
| Change | -0.0740 | -0.0540 | -0.0165 | - | +0.0245 | +0.0531 | +0.0887 |
| Level | Major | Intermediate | Intermediate | - | Major | Minor | Minor |
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 | 6.3310 | 6.3491 | 6.3757 | 6.3938 | 6.4204 | 6.4385 | 6.4651 |
| Camarilla | 6.3901 | 6.3942 | 6.3983 | 6.4024 | 6.4065 | 6.4106 | 6.4147 |
| Woodie | 6.3354 | 6.3512 | 6.3801 | 6.3959 | 6.4248 | 6.4406 | 6.4695 |
| Fibonacci | 6.3491 | 6.3661 | 6.3767 | 6.3938 | 6.4108 | 6.4214 | 6.4385 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.1672 | 6.2548 | 6.3153 | 6.4029 | 6.4634 | 6.5510 | 6.6115 |
| Camarilla | 6.3352 | 6.3488 | 6.3623 | 6.3759 | 6.3895 | 6.4031 | 6.4166 |
| Woodie | 6.1538 | 6.2480 | 6.3019 | 6.3961 | 6.4500 | 6.5442 | 6.5981 |
| Fibonacci | 6.2548 | 6.3113 | 6.3463 | 6.4029 | 6.4594 | 6.4944 | 6.5510 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.2333 | 6.3484 | 6.4242 | 6.5393 | 6.6151 | 6.7302 | 6.8060 |
| Camarilla | 6.4476 | 6.4651 | 6.4826 | 6.5001 | 6.5176 | 6.5351 | 6.5526 |
| Woodie | 6.2138 | 6.3386 | 6.4047 | 6.5295 | 6.5956 | 6.7204 | 6.7865 |
| Fibonacci | 6.3484 | 6.4213 | 6.4663 | 6.5393 | 6.6122 | 6.6572 | 6.7302 |
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): | 68.37 | |
| MACD (12,26,9): | 0.0076 | |
| Directional Movement: | 22.1126 | |
| AROON (14): | 78.5714 | |
| DEMA (21): | 6.4164 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.4033 | |
| Elder Ray (13): | 0.0127 | |
| Super Trend (3,10): | 6.3964 | |
| Zig ZAG (10): | 6.4217 | |
| VORTEX (21): | 1.1968 | |
| Stochastique (14,3,5): | 88.15 | |
| TEMA (21): | 6.4189 | |
| Williams %R (14): | -23.47 | |
| Chande Momentum Oscillator (20): | 0.0184 | |
| Repulse (5,40,3): | 0.1403 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0139 | |
| Courbe Coppock: | 0.38 |
| MA7: | 6.3966 | |
| MA20: | 6.4618 | |
| MA50: | 6.5295 | |
| MA100: | 6.5484 | |
| MAexp7: | 6.4160 | |
| MAexp20: | 6.4073 | |
| MAexp50: | 6.3969 | |
| MAexp100: | 6.3958 | |
| Price / MA7: | +0.38% | |
| Price / MA20: | -0.63% | |
| Price / MA50: | -1.66% | |
| Price / MA100: | -1.94% | |
| Price / MAexp7: | +0.08% | |
| Price / MAexp20: | +0.22% | |
| Price / MAexp50: | +0.38% | |
| Price / MAexp100: | +0.40% |
Quotes :
2020-08-19 10:41:53
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Real time data
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Forex
This member declared not having a position on this financial instrument or a related financial instrument.
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