AUD/NOK - 1H - Technical analysis published on 05/22/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
44%
11%
44%
My opinion
Bullish above 7.1990 NOK
My targets
7.2475 NOK (+0.0140)
My analysis
The bullish trend is currently very strong on AUD/NOK. As long as the price remains above the support at 7.1990 NOK, you could try to benefit from the boom. The first bullish objective is located at 7.2475 NOK. The bullish momentum would be boosted by a break in this resistance. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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, 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
7.1
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
AUD/NOK rating 7.2335 NOK. On the day, this instrument gained +0.00% with the lowest point at 7.2179 NOK and the highest point at 7.2522 NOK. The deviation from the price is +0.22% for the low point and -0.26% for the high point.7.2179
7.2522
7.2335
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:
New HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
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. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 1 hour
In fact, only 8 technical indicators out of 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
MACD indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
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:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 7.1556 | 7.1860 | 7.1990 | 7.2335 | 7.2475 |
| Change (%) | -1.08% | -0.66% | -0.48% | - | +0.19% |
| Change | -0.0779 | -0.0475 | -0.0345 | - | +0.0140 |
| Level | Intermediate | Major | Minor | - | Intermediate |
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 |
|---|---|---|---|---|---|---|---|
| Standard | 7.1575 | 7.1783 | 7.2060 | 7.2268 | 7.2545 | 7.2753 | 7.3030 |
| Camarilla | 7.2205 | 7.2249 | 7.2294 | 7.2338 | 7.2383 | 7.2427 | 7.2471 |
| Woodie | 7.1611 | 7.1800 | 7.2096 | 7.2285 | 7.2581 | 7.2770 | 7.3066 |
| Fibonacci | 7.1783 | 7.1968 | 7.2082 | 7.2268 | 7.2453 | 7.2567 | 7.2753 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.9585 | 7.0191 | 7.1264 | 7.1870 | 7.2943 | 7.3549 | 7.4622 |
| Camarilla | 7.1876 | 7.2030 | 7.2184 | 7.2338 | 7.2492 | 7.2646 | 7.2800 |
| Woodie | 6.9820 | 7.0308 | 7.1499 | 7.1987 | 7.3178 | 7.3666 | 7.4857 |
| Fibonacci | 7.0191 | 7.0832 | 7.1228 | 7.1870 | 7.2511 | 7.2907 | 7.3549 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.6773 | 6.7978 | 6.9207 | 7.0412 | 7.1641 | 7.2846 | 7.4075 |
| Camarilla | 6.9768 | 6.9991 | 7.0214 | 7.0437 | 7.0660 | 7.0883 | 7.1106 |
| Woodie | 6.6786 | 6.7984 | 6.9220 | 7.0418 | 7.1654 | 7.2852 | 7.4088 |
| Fibonacci | 6.7978 | 6.8908 | 6.9482 | 7.0412 | 7.1342 | 7.1916 | 7.2846 |
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): | 54.87 | |
| MACD (12,26,9): | 0.0045 | |
| Directional Movement: | 1.4785 | |
| AROON (14): | 14.2857 | |
| DEMA (21): | 7.2386 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.2228 | |
| Elder Ray (13): | 0.0048 | |
| Super Trend (3,10): | 7.2551 | |
| Zig ZAG (10): | 7.2357 | |
| VORTEX (21): | 1.0101 | |
| Stochastique (14,3,5): | 65.27 | |
| TEMA (21): | 7.2361 | |
| Williams %R (14): | -46.06 | |
| Chande Momentum Oscillator (20): | 0.0117 | |
| Repulse (5,40,3): | -0.0479 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0078 | |
| Courbe Coppock: | 0.32 |
| MA7: | 7.1726 | |
| MA20: | 7.1350 | |
| MA50: | 7.0706 | |
| MA100: | 7.0333 | |
| MAexp7: | 7.2362 | |
| MAexp20: | 7.2325 | |
| MAexp50: | 7.2182 | |
| MAexp100: | 7.1943 | |
| Price / MA7: | +0.85% | |
| Price / MA20: | +1.38% | |
| Price / MA50: | +2.30% | |
| Price / MA100: | +2.85% | |
| Price / MAexp7: | -0.04% | |
| Price / MAexp20: | +0.01% | |
| Price / MAexp50: | +0.21% | |
| Price / MAexp100: | +0.54% |
Quotes :
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Real time data
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Forex
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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