AUD/NOK - Daily - Technical analysis published on 04/28/2021 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
44%
39%
My opinion
Bearish under 6.4476 NOK
My targets
6.3478 NOK (-0.0655)
6.1894 NOK (-0.2239)
My analysis
AUD/NOK is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 6.4476 NOK. The next support located at 6.3478 NOK is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 6.1894 NOK. Below this support, sellers could then target 6.0809 NOK. With the current pattern, you will need to monitor for possible bearish 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 bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
7
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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 6.4133 NOK. The price is lower by -0.23% since the last closing and was traded between 6.4050 NOK and 6.4319 NOK over the period. The price is currently at +0.13% from its lowest and -0.29% from its highest.6.4050
6.4319
6.4133
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of AUD/NOK indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, only 8 technical indicators out of 18 studied are currently positioned bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
MACD indicator: bearish divergence
Type : Bearish
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal support
Type : Bullish
Timeframe : Daily
Support of channel is broken
Type : Bearish
Timeframe : Daily
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Bearish engulfing lines
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 6.0809 | 6.1894 | 6.3478 | 6.4133 | 6.4476 | 6.4809 | 6.5252 |
| Change (%) | -5.18% | -3.49% | -1.02% | - | +0.53% | +1.05% | +1.74% |
| Change | -0.3324 | -0.2239 | -0.0655 | - | +0.0343 | +0.0676 | +0.1119 |
| Level | Minor | Minor | Major | - | Major | Intermediate | Major |
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 |
|---|---|---|---|---|---|---|---|
| Standard | 6.3528 | 6.3864 | 6.4071 | 6.4407 | 6.4614 | 6.4950 | 6.5157 |
| Camarilla | 6.4129 | 6.4179 | 6.4228 | 6.4278 | 6.4328 | 6.4378 | 6.4427 |
| Woodie | 6.3464 | 6.3832 | 6.4007 | 6.4375 | 6.4550 | 6.4918 | 6.5093 |
| Fibonacci | 6.3864 | 6.4071 | 6.4200 | 6.4407 | 6.4614 | 6.4743 | 6.4950 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.3296 | 6.3754 | 6.3995 | 6.4453 | 6.4694 | 6.5152 | 6.5393 |
| Camarilla | 6.4043 | 6.4107 | 6.4171 | 6.4235 | 6.4299 | 6.4363 | 6.4427 |
| Woodie | 6.3187 | 6.3700 | 6.3886 | 6.4399 | 6.4585 | 6.5098 | 6.5284 |
| Fibonacci | 6.3754 | 6.4021 | 6.4186 | 6.4453 | 6.4720 | 6.4885 | 6.5152 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.1790 | 6.3280 | 6.4091 | 6.5581 | 6.6392 | 6.7882 | 6.8693 |
| Camarilla | 6.4268 | 6.4479 | 6.4690 | 6.4901 | 6.5112 | 6.5323 | 6.5534 |
| Woodie | 6.1450 | 6.3110 | 6.3751 | 6.5411 | 6.6052 | 6.7712 | 6.8353 |
| Fibonacci | 6.3280 | 6.4159 | 6.4702 | 6.5581 | 6.6460 | 6.7003 | 6.7882 |
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): | 37.96 | |
| MACD (12,26,9): | -0.0282 | |
| Directional Movement: | -8.1504 | |
| AROON (14): | -57.1429 | |
| DEMA (21): | 6.4312 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.4894 | |
| Elder Ray (13): | -0.0355 | |
| Super Trend (3,10): | 6.5481 | |
| Zig ZAG (10): | 6.4149 | |
| VORTEX (21): | 0.9116 | |
| Stochastique (14,3,5): | 22.72 | |
| TEMA (21): | 6.4239 | |
| Williams %R (14): | -90.08 | |
| Chande Momentum Oscillator (20): | -0.0527 | |
| Repulse (5,40,3): | -0.5953 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0618 | |
| Courbe Coppock: | 1.34 |
| MA7: | 6.4429 | |
| MA20: | 6.4669 | |
| MA50: | 6.5404 | |
| MA100: | 6.5536 | |
| MAexp7: | 6.4404 | |
| MAexp20: | 6.4688 | |
| MAexp50: | 6.5115 | |
| MAexp100: | 6.5389 | |
| Price / MA7: | -0.46% | |
| Price / MA20: | -0.83% | |
| Price / MA50: | -1.94% | |
| Price / MA100: | -2.14% | |
| Price / MAexp7: | -0.42% | |
| Price / MAexp20: | -0.86% | |
| Price / MAexp50: | -1.51% | |
| Price / MAexp100: | -1.92% |
Quotes :
-
Real time data
-
Forex
This member declared not having a position on this financial instrument or a related financial instrument.
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