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

AUD/NOK - 1H - Technical analysis published on 07/27/2022 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Slightly bullish
Technical indicators
67%
0%
33%
My opinion
Bullish above 6.8526 NOK
My targets
6.8824 NOK (+0.0136)
6.9028 NOK (+0.0340)
My analysis
The strong short-term increase for AUD/NOK reinforces the current slightly bullish trend. As long as the price remains above 6.8526 NOK, you could take advantage of this bullish acceleration. The first bullish objective is located at 6.8824 NOK. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 6.9028 NOK as an objective. Crossing it would then enable buyers to target 6.9237 NOK. A return to 6.8526 NOK would be a sign of a possible correction of short-term bullish excesses. In this case, you could stay away while waiting for signals indicating a 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
5

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 Londinia. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The AUD/NOK price is 6.8688 NOK. The price has increased by +0.00% since the last closing and was traded between 6.8602 NOK and 6.8731 NOK over the period. The price is currently at +0.13% from its lowest and -0.06% from its highest.

6.8602
6.8731
6.8688

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.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


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 1H chart of AUD/NOK indicates that the overall trend is slightly bullish. 60.71% of the signals given by moving averages are bullish. This slightly bullish trend could be reinforced by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:

Central Indicators

Bearish trend reversal : Moving Average 100

Type : Bearish

Timeframe : 1 hour



The technical indicators are bullish. There is still some doubt about the price increase.
Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Parabolic SAR indicator bearish reversal

Type : Bearish

Timeframe : 1 hour


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Central Patterns

Horizontal resistance is broken

Type : Bullish

Timeframe : 1 hour


Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour



There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:

Central Candlesticks

Doji

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 6.8348 6.8526 6.8676 6.8688 6.8824 6.9028 6.9237
Change (%) -0.49% -0.24% -0.02% - +0.20% +0.49% +0.80%
Change -0.0340 -0.0162 -0.0012 - +0.0136 +0.0340 +0.0549
Level Minor Minor Minor - Major Minor Intermediate



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard6.77076.79556.83236.85716.89396.91876.9555
Camarilla6.85226.85786.86356.86916.87486.88046.8860
Woodie6.77676.79856.83836.86016.89996.92176.9615
Fibonacci6.79556.81906.83366.85716.88066.89526.9187


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard6.67646.74496.81066.87916.94487.01337.0790
Camarilla6.83946.85176.86406.87636.88866.90096.9132
Woodie6.67506.74426.80926.87846.94347.01267.0776
Fibonacci6.74496.79626.82786.87916.93046.96207.0133


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard6.35626.53786.66526.84686.97427.15587.2832
Camarilla6.70766.73606.76436.79266.82096.84936.8776
Woodie6.32916.52436.63816.83336.94717.14237.2561
Fibonacci6.53786.65586.72886.84686.96487.03787.1558

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): 59.14
MACD (12,26,9): 0.0065
Directional Movement: 2.7809
AROON (14): 42.8571
DEMA (21): 6.8677
Parabolic SAR (0,02-0,02-0,2): 6.8819
Elder Ray (13): 0.0020
Super Trend (3,10): 6.8310
Zig ZAG (10): 6.8701
VORTEX (21): 1.1155
Stochastique (14,3,5): 73.08
TEMA (21): 6.8753
Williams %R (14): -30.43
Chande Momentum Oscillator (20): 0.0238
Repulse (5,40,3): 0.0307
ROCnROLL: 1
TRIX (15,9): 0.0101
Courbe Coppock: 0.93
MA7: 6.8623
MA20: 6.8623
MA50: 6.8440
MA100: 6.7195
MAexp7: 6.8688
MAexp20: 6.8607
MAexp50: 6.8586
MAexp100: 6.8637
Price / MA7: +0.09%
Price / MA20: +0.09%
Price / MA50: +0.36%
Price / MA100: +2.22%
Price / MAexp7: -0%
Price / MAexp20: +0.12%
Price / MAexp50: +0.15%
Price / MAexp100: +0.07%

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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