AUD/NOK
AUD NOK
- NOK (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: AUDNOK
ISIN:

AUD/NOK - 1H - Technical analysis published on 05/17/2021 (GMT)

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I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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  • Timeframe : 1H
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

Analysis too old. There are no more charts available.

Summary of the analysis

Trends
Short term: Neutral
Underlying: Bearish
Technical indicators
89%
0%
11%
My opinion
Bearish under 6.4378 NOK
My targets
6.3941 NOK (-0.0235)
6.3478 NOK (-0.0698)
My analysis
Has the basic bearish 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 bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 6.4378 NOK remains possible. It is advisable to trade AUD/NOK with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 6.4378 NOK. The next bearish objective for sellers is set at 6.3941 NOK. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 6.3478 NOK. In case of crossing, the next objective would be the support located at 6.1894 NOK. PS: if there is a bullish break in the resistance located at 6.4378 NOK we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.

In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
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.

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

Additional analysis

Quotes

AUD/NOK rating 6.4176 NOK. The price registered an increase of +0.32% on the session and was traded between 6.3872 NOK and 6.4292 NOK over the period. The price is currently at +0.48% from its lowest and -0.18% from its highest.

6.3872
6.4292
6.4176

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Central Gaps

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 bearish trend. The signals given by moving averages are 71.43% bearish. This bearish trend could slow down given the neutral 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 : adaptative moving average 50

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : 1 hour



In fact, according to the parameters integrated into the Central Analyzer system, 16 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

SuperTrend indicator bullish reversal

Type : Bullish

Timeframe : 1 hour


MACD indicator is back over 0

Type : Bullish

Timeframe : 1 hour


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 6.1894 6.3478 6.3941 6.4176 6.4182 6.4378 6.4476
Change (%) -3.56% -1.09% -0.37% - +0.01% +0.31% +0.47%
Change -0.2282 -0.0698 -0.0235 - +0.0006 +0.0202 +0.0300
Level Minor Major Intermediate - Minor Major Major



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
Standard6.30936.35176.37456.41696.43976.48216.5049
Camarilla6.37946.38546.39136.39736.40336.40936.4152
Woodie6.29956.34686.36476.41206.42996.47726.4951
Fibonacci6.35176.37666.39206.41696.44186.45726.4821


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard6.26856.33136.36436.42716.46016.52296.5559
Camarilla6.37106.37976.38856.39736.40616.41496.4237
Woodie6.25366.32396.34946.41976.44526.51556.5410
Fibonacci6.33136.36796.39056.42716.46376.48636.5229


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard6.17706.26626.34246.43166.50786.59706.6732
Camarilla6.37316.38836.40346.41866.43386.44896.4641
Woodie6.17056.26306.33596.42846.50136.59386.6667
Fibonacci6.26626.32946.36846.43166.49486.53386.5970

Numerical data


The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators
Moving averages

RSI (14): 55.99
MACD (12,26,9): 0.0008
Directional Movement: 8.6008
AROON (14): 92.8571
DEMA (21): 6.4087
Parabolic SAR (0,02-0,02-0,2): 6.4011
Elder Ray (13): 0.0114
Super Trend (3,10): 6.4223
Zig ZAG (10): 6.4180
VORTEX (21): 1.0385
Stochastique (14,3,5): 89.80
TEMA (21): 6.4141
Williams %R (14): -5.59
Chande Momentum Oscillator (20): 0.0283
Repulse (5,40,3): 0.2202
ROCnROLL: 1
TRIX (15,9): -0.0107
Courbe Coppock: 0.55
MA7: 6.4476
MA20: 6.4380
MA50: 6.4871
MA100: 6.5365
MAexp7: 6.4180
MAexp20: 6.4099
MAexp50: 6.4190
MAexp100: 6.4320
Price / MA7: -0.47%
Price / MA20: -0.32%
Price / MA50: -1.07%
Price / MA100: -1.82%
Price / MAexp7: -0.01%
Price / MAexp20: +0.12%
Price / MAexp50: -0.02%
Price / MAexp100: -0.22%

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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