AUD/NOK - 1H - Technical analysis published on 05/25/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
39%
44%
17%
My opinion
Bearish under 7.1860 NOK
My targets
7.1512 NOK (-0.0188)
7.1205 NOK (-0.0495)
My analysis
AUD/NOK is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 7.1860 NOK. The next support located at 7.1512 NOK is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 7.1205 NOK. Below this support, sellers could then target 7.0865 NOK. With the current pattern, you will need to monitor for possible bearish 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 bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
6.3
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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 7.1700 NOK. The price has increased by +0.00% since the last closing and was between 7.1591 NOK and 7.1735 NOK. This implies that the price is at +0.15% from its lowest and at -0.05% from its highest.7.1591
7.1735
7.1700
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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 LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of AUD/NOK in 1H shows a overall strongly bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 7.1205 | 7.1512 | 7.1687 | 7.1700 | 7.1860 | 7.2016 | 7.2246 |
| Change (%) | -0.69% | -0.26% | -0.02% | - | +0.22% | +0.44% | +0.76% |
| Change | -0.0495 | -0.0188 | -0.0013 | - | +0.0160 | +0.0316 | +0.0546 |
| Level | Minor | Major | Minor | - | Intermediate | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.0350 | 7.0934 | 7.1315 | 7.1899 | 7.2280 | 7.2864 | 7.3245 |
| Camarilla | 7.1432 | 7.1520 | 7.1609 | 7.1697 | 7.1786 | 7.1874 | 7.1962 |
| Woodie | 7.0250 | 7.0883 | 7.1215 | 7.1848 | 7.2180 | 7.2813 | 7.3145 |
| Fibonacci | 7.0934 | 7.1302 | 7.1530 | 7.1899 | 7.2267 | 7.2495 | 7.2864 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 30.99 | |
| MACD (12,26,9): | -0.0163 | |
| Directional Movement: | -22.3823 | |
| AROON (14): | -21.4286 | |
| DEMA (21): | 7.1644 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.1563 | |
| Elder Ray (13): | -0.0135 | |
| Super Trend (3,10): | 7.2024 | |
| Zig ZAG (10): | 7.1697 | |
| VORTEX (21): | 0.7874 | |
| Stochastique (14,3,5): | 25.26 | |
| TEMA (21): | 7.1593 | |
| Williams %R (14): | -69.36 | |
| Chande Momentum Oscillator (20): | -0.0037 | |
| Repulse (5,40,3): | 0.0866 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0345 | |
| Courbe Coppock: | 0.97 |
| MA7: | 7.2104 | |
| MA20: | 7.1578 | |
| MA50: | 7.0757 | |
| MA100: | 7.0432 | |
| MAexp7: | 7.1711 | |
| MAexp20: | 7.1860 | |
| MAexp50: | 7.2083 | |
| MAexp100: | 7.2122 | |
| Price / MA7: | -0.56% | |
| Price / MA20: | +0.17% | |
| Price / MA50: | +1.33% | |
| Price / MA100: | +1.80% | |
| Price / MAexp7: | -0.02% | |
| Price / MAexp20: | -0.22% | |
| Price / MAexp50: | -0.53% | |
| Price / MAexp100: | -0.59% |
Quotes :
-
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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