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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 01/04/2023 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 6.8825 NOK
My targets
7.0127 NOK (+0.0877)
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 6.8825 NOK. The next resistance located at 7.0127 NOK is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. 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.

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
8.9

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.

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

Additional analysis

Quotes

AUD/NOK rating 6.9250 NOK. The price has increased by +2.01% since the last closing with the lowest point at 6.7818 NOK and the highest point at 6.9264 NOK. The deviation from the price is +2.11% for the low point and -0.02% for the high point.

6.7818
6.9264
6.9250

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Central Gaps

Bearish opening

Type : Bearish

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


New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of AUD/NOK in 1H shows a strongly overall 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:

Central Indicators

RSI indicator is overbought : over 80

Type : Neutral

Timeframe : 1 hour


CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : 1 hour


Pivot points : price is over resistance 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 several results that can have an impact on the price change:

Central Patterns

Near horizontal resistance

Type : Bearish

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

White gravestone / inverted hammer

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
Price


S3S2S1PriceR1
ProTrendLines 6.7431 6.8162 6.9237 6.9250 7.0127
Change (%) -2.63% -1.57% -0.02% - +1.27%
Change -0.1819 -0.1088 -0.0013 - +0.0877
Level Minor Major Intermediate - Major



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard6.56316.60976.69906.74566.83496.88156.9708
Camarilla6.75106.76356.77596.78846.80096.81336.8258
Woodie6.58466.62046.72056.75636.85646.89226.9923
Fibonacci6.60976.66166.69376.74566.79756.82966.8815


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard6.46436.52816.60376.66756.74316.80696.8825
Camarilla6.64096.65366.66646.67926.69206.70486.7175
Woodie6.47016.53116.60956.67056.74896.80996.8883
Fibonacci6.52816.58146.61436.66756.72086.75376.8069


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard6.32076.44076.56006.68006.79936.91937.0386
Camarilla6.61346.63536.65736.67926.70116.72316.7450
Woodie6.32036.44056.55966.67986.79896.91917.0382
Fibonacci6.44076.53226.58866.68006.77156.82796.9193

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): 87.20
MACD (12,26,9): 0.0388
Directional Movement: 46.0189
AROON (14): 92.8571
DEMA (21): 6.8573
Parabolic SAR (0,02-0,02-0,2): 6.8294
Elder Ray (13): 0.0721
Super Trend (3,10): 6.8366
Zig ZAG (10): 6.8993
VORTEX (21): 1.4869
Stochastique (14,3,5): 92.41
TEMA (21): 6.8779
Williams %R (14): -12.48
Chande Momentum Oscillator (20): 0.1122
Repulse (5,40,3): 0.7976
ROCnROLL: 1
TRIX (15,9): 0.0662
Courbe Coppock: 2.50
MA7: 6.7213
MA20: 6.6813
MA50: 6.6827
MA100: 6.7346
MAexp7: 6.8569
MAexp20: 6.8100
MAexp50: 6.7617
MAexp100: 6.7259
Price / MA7: +3.03%
Price / MA20: +3.65%
Price / MA50: +3.63%
Price / MA100: +2.83%
Price / MAexp7: +0.99%
Price / MAexp20: +1.69%
Price / MAexp50: +2.42%
Price / MAexp100: +2.96%

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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