AUD/NOK - 1H - Technical analysis published on 09/16/2021 (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:
Bearish
Underlying:
Strongly bearish
Technical indicators
44%
0%
56%
My opinion
Bearish under 6.3064 NOK
My targets
6.2741 NOK (-0.0158)
6.2449 NOK (-0.0450)
My analysis
The bearish basic trend is very strong on AUD/NOK but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 6.3064 NOK. Crossing the first support at 6.2741 NOK would be a sign of a further potential price plummet. Sellers would then use the next support located at 6.2449 NOK as an objective. Crossing it would then enable sellers to target 6.1893 NOK. Caution, a return to above the resistance located at 6.3064 NOK would be a sign of a possible consolidation phase of the short-term basic trend. 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, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
3.9
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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
AUD/NOK rating 6.2899 NOK. On the day, this instrument lost -0.01% with the lowest point at 6.2789 NOK and the highest point at 6.3070 NOK. The deviation from the price is +0.18% for the low point and -0.27% for the high point.6.2789
6.3070
6.2899
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of AUD/NOK indicates that the overall trend is strongly bearish. 89.29% of the signals given by moving averages are bearish. The slightly bearish signals from short-term moving averages show that the overall trend is slowing down. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further increase is slight given the direction of the technical indicators.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 6.0809 | 6.1893 | 6.2741 | 6.2899 | 6.3064 | 6.3225 | 6.3522 |
| Change (%) | -3.32% | -1.60% | -0.25% | - | +0.26% | +0.52% | +0.99% |
| Change | -0.2090 | -0.1006 | -0.0158 | - | +0.0165 | +0.0326 | +0.0623 |
| Level | Minor | Minor | Intermediate | - | Minor | 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 | 6.1980 | 6.2361 | 6.2633 | 6.3014 | 6.3286 | 6.3667 | 6.3939 |
| Camarilla | 6.2726 | 6.2786 | 6.2846 | 6.2906 | 6.2966 | 6.3026 | 6.3086 |
| Woodie | 6.1927 | 6.2334 | 6.2580 | 6.2987 | 6.3233 | 6.3640 | 6.3886 |
| Fibonacci | 6.2361 | 6.2610 | 6.2764 | 6.3014 | 6.3263 | 6.3417 | 6.3667 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.2449 | 6.3056 | 6.3419 | 6.4026 | 6.4389 | 6.4996 | 6.5359 |
| Camarilla | 6.3515 | 6.3604 | 6.3693 | 6.3782 | 6.3871 | 6.3960 | 6.4049 |
| Woodie | 6.2327 | 6.2995 | 6.3297 | 6.3965 | 6.4267 | 6.4935 | 6.5237 |
| Fibonacci | 6.3056 | 6.3427 | 6.3656 | 6.4026 | 6.4397 | 6.4626 | 6.4996 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.9754 | 6.1418 | 6.2506 | 6.4170 | 6.5258 | 6.6922 | 6.8010 |
| Camarilla | 6.2837 | 6.3090 | 6.3342 | 6.3594 | 6.3846 | 6.4099 | 6.4351 |
| Woodie | 5.9466 | 6.1274 | 6.2218 | 6.4026 | 6.4970 | 6.6778 | 6.7722 |
| Fibonacci | 6.1418 | 6.2469 | 6.3119 | 6.4170 | 6.5221 | 6.5871 | 6.6922 |
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): | 50.38 | |
| MACD (12,26,9): | -0.0017 | |
| Directional Movement: | 5.9704 | |
| AROON (14): | 64.2857 | |
| DEMA (21): | 6.2907 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.2884 | |
| Elder Ray (13): | 0.0032 | |
| Super Trend (3,10): | 6.3103 | |
| Zig ZAG (10): | 6.2964 | |
| VORTEX (21): | 1.0473 | |
| Stochastique (14,3,5): | 56.82 | |
| TEMA (21): | 6.2962 | |
| Williams %R (14): | -38.43 | |
| Chande Momentum Oscillator (20): | 0.0131 | |
| Repulse (5,40,3): | -0.0191 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0081 | |
| Courbe Coppock: | 0.25 |
| MA7: | 6.3516 | |
| MA20: | 6.3855 | |
| MA50: | 6.4643 | |
| MA100: | 6.4559 | |
| MAexp7: | 6.2948 | |
| MAexp20: | 6.2940 | |
| MAexp50: | 6.3063 | |
| MAexp100: | 6.3285 | |
| Price / MA7: | -0.97% | |
| Price / MA20: | -1.50% | |
| Price / MA50: | -2.70% | |
| Price / MA100: | -2.57% | |
| Price / MAexp7: | -0.08% | |
| Price / MAexp20: | -0.07% | |
| Price / MAexp50: | -0.26% | |
| Price / MAexp100: | -0.61% |
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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