AUD/NOK - 1H - Technical analysis published on 02/21/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
22%
44%
33%
My opinion
Bullish above 6.8660 NOK
My targets
6.8857 NOK (+0.0128)
6.8935 NOK (+0.0206)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 6.8660 NOK remains possible. It is advisable to trade AUD/NOK with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 6.8660 NOK. The next bullish objective for buyers is set at 6.8857 NOK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 6.8935 NOK. If there is any crossing, the next objective would be the resistance located at 6.9097 NOK. PS: if there is a bearish break in the support located at 6.8660 NOK we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
1.4
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Additional analysis
Quotes
The AUD/NOK price is 6.8729 NOK. The price registered a decrease of -0.02% on the session and was between 6.8637 NOK and 6.9009 NOK. This implies that the price is at +0.13% from its lowest and at -0.41% from its highest.6.8637
6.9009
6.8729
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 year)
Type : Bearish
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 AUD/NOK in 1H shows an overall bullish trend. 67.86% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. An assessment of moving averages reveals several bearish signals that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
On the 18 technical indicators analysed, 4 are bullish, 6 are neutral and 8 are bearish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Momentum indicator is back over 0
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 several results that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 6.8413 | 6.8499 | 6.8660 | 6.8729 | 6.8857 | 6.8935 | 6.9097 |
| Change (%) | -0.46% | -0.33% | -0.10% | - | +0.19% | +0.30% | +0.54% |
| Change | -0.0316 | -0.0230 | -0.0069 | - | +0.0128 | +0.0206 | +0.0368 |
| Level | Minor | Major | Minor | - | Minor | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.8184 | 6.8342 | 6.8541 | 6.8699 | 6.8898 | 6.9056 | 6.9255 |
| Camarilla | 6.8642 | 6.8675 | 6.8707 | 6.8740 | 6.8773 | 6.8806 | 6.8838 |
| Woodie | 6.8205 | 6.8352 | 6.8562 | 6.8709 | 6.8919 | 6.9066 | 6.9276 |
| Fibonacci | 6.8342 | 6.8478 | 6.8563 | 6.8699 | 6.8835 | 6.8920 | 6.9056 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.7449 | 6.7887 | 6.8220 | 6.8658 | 6.8991 | 6.9429 | 6.9762 |
| Camarilla | 6.8340 | 6.8411 | 6.8481 | 6.8552 | 6.8623 | 6.8693 | 6.8764 |
| Woodie | 6.7396 | 6.7861 | 6.8167 | 6.8632 | 6.8938 | 6.9403 | 6.9709 |
| Fibonacci | 6.7887 | 6.8182 | 6.8364 | 6.8658 | 6.8953 | 6.9135 | 6.9429 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.6648 | 6.7565 | 6.8297 | 6.9214 | 6.9946 | 7.0863 | 7.1595 |
| Camarilla | 6.8577 | 6.8728 | 6.8879 | 6.9030 | 6.9181 | 6.9332 | 6.9484 |
| Woodie | 6.6557 | 6.7519 | 6.8206 | 6.9168 | 6.9855 | 7.0817 | 7.1504 |
| Fibonacci | 6.7565 | 6.8195 | 6.8584 | 6.9214 | 6.9844 | 7.0233 | 7.0863 |
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): | 48.27 | |
| MACD (12,26,9): | 0.0030 | |
| Directional Movement: | 1.7233 | |
| AROON (14): | 71.4285 | |
| DEMA (21): | 6.8812 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.9003 | |
| Elder Ray (13): | -0.0073 | |
| Super Trend (3,10): | 6.8639 | |
| Zig ZAG (10): | 6.8734 | |
| VORTEX (21): | 1.0134 | |
| Stochastique (14,3,5): | 31.97 | |
| TEMA (21): | 6.8817 | |
| Williams %R (14): | -72.82 | |
| Chande Momentum Oscillator (20): | 0.0027 | |
| Repulse (5,40,3): | -0.1614 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0085 | |
| Courbe Coppock: | 0.25 |
| MA7: | 6.8702 | |
| MA20: | 6.8824 | |
| MA50: | 6.9251 | |
| MA100: | 6.9929 | |
| MAexp7: | 6.8784 | |
| MAexp20: | 6.8768 | |
| MAexp50: | 6.8722 | |
| MAexp100: | 6.8712 | |
| Price / MA7: | +0.04% | |
| Price / MA20: | -0.14% | |
| Price / MA50: | -0.75% | |
| Price / MA100: | -1.72% | |
| Price / MAexp7: | -0.08% | |
| Price / MAexp20: | -0.06% | |
| Price / MAexp50: | +0.01% | |
| Price / MAexp100: | +0.02% |
Quotes :
-
Real time data
-
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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