AUD/NOK - 1H - Technical analysis published on 06/29/2023 (GMT)
- 132
- 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
61%
6%
33%
My opinion
Bearish under 7.1553 NOK
My targets
7.1226 NOK (-0.0171)
7.0152 NOK (-0.1245)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on AUD/NOK. As long as you are under the resistance located at 7.1553 NOK, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 7.1226 NOK would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 7.0152 NOK as an objective. Crossing it would then enable sellers to target 7.0127 NOK. If the resistance 7.1553 NOK were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
0.7
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:
Additional analysis
Quotes
The AUD/NOK rating is 7.1397 NOK. On the day, this instrument gained +0.51% and was between 7.1028 NOK and 7.1454 NOK. This implies that the price is at +0.52% from its lowest and at -0.08% from its highest.7.1028
7.1454
7.1397
A study of price movements over other periods shows the following variations:
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
A technical analysis in 1H of this AUD/NOK chart shows a bearish trend. 71.43% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
Aroon indicator bullish trend
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
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:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 6.6193 | 6.7418 | 7.0127 | 7.1397 | 7.1553 | 7.1860 | 7.2212 |
| Change (%) | -7.29% | -5.57% | -1.78% | - | +0.22% | +0.65% | +1.14% |
| Change | -0.5204 | -0.3979 | -0.1270 | - | +0.0156 | +0.0463 | +0.0815 |
| Level | Intermediate | Major | Intermediate | - | Minor | 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 | 6.9409 | 7.0205 | 7.0621 | 7.1417 | 7.1833 | 7.2629 | 7.3045 |
| Camarilla | 7.0704 | 7.0815 | 7.0926 | 7.1037 | 7.1148 | 7.1259 | 7.1370 |
| Woodie | 6.9219 | 7.0110 | 7.0431 | 7.1322 | 7.1643 | 7.2534 | 7.2855 |
| Fibonacci | 7.0205 | 7.0668 | 7.0954 | 7.1417 | 7.1880 | 7.2166 | 7.2629 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.9099 | 7.0152 | 7.1226 | 7.2279 | 7.3353 | 7.4406 | 7.5480 |
| Camarilla | 7.1716 | 7.1911 | 7.2106 | 7.2301 | 7.2496 | 7.2691 | 7.2886 |
| Woodie | 6.9111 | 7.0157 | 7.1238 | 7.2284 | 7.3365 | 7.4411 | 7.5492 |
| Fibonacci | 7.0152 | 7.0964 | 7.1466 | 7.2279 | 7.3091 | 7.3593 | 7.4406 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.7188 | 6.8816 | 7.0409 | 7.2037 | 7.3630 | 7.5258 | 7.6851 |
| Camarilla | 7.1117 | 7.1413 | 7.1708 | 7.2003 | 7.2298 | 7.2594 | 7.2889 |
| Woodie | 6.7172 | 6.8807 | 7.0393 | 7.2028 | 7.3614 | 7.5249 | 7.6835 |
| Fibonacci | 6.8816 | 7.0046 | 7.0806 | 7.2037 | 7.3267 | 7.4027 | 7.5258 |
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): | 52.24 | |
| MACD (12,26,9): | -0.0094 | |
| Directional Movement: | 4.6846 | |
| AROON (14): | 57.1429 | |
| DEMA (21): | 7.1180 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.1067 | |
| Elder Ray (13): | 0.0086 | |
| Super Trend (3,10): | 7.1558 | |
| Zig ZAG (10): | 7.1441 | |
| VORTEX (21): | 0.9772 | |
| Stochastique (14,3,5): | 78.40 | |
| TEMA (21): | 7.1200 | |
| Williams %R (14): | -3.53 | |
| Chande Momentum Oscillator (20): | 0.0256 | |
| Repulse (5,40,3): | 0.3291 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0312 | |
| Courbe Coppock: | 0.34 |
| MA7: | 7.1848 | |
| MA20: | 7.2524 | |
| MA50: | 7.1951 | |
| MA100: | 7.1113 | |
| MAexp7: | 7.1299 | |
| MAexp20: | 7.1327 | |
| MAexp50: | 7.1537 | |
| MAexp100: | 7.1757 | |
| Price / MA7: | -0.63% | |
| Price / MA20: | -1.55% | |
| Price / MA50: | -0.77% | |
| Price / MA100: | +0.40% | |
| Price / MAexp7: | +0.14% | |
| Price / MAexp20: | +0.10% | |
| Price / MAexp50: | -0.20% | |
| Price / MAexp100: | -0.50% |
Quotes :
-
Real time data
-
Forex
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
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…
Add a comment
Comments
0 comments on the analysis AUD/NOK - 1H