AUD/NOK - 1H - Technical analysis published on 03/14/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
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Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
67%
11%
22%
My opinion
Bullish above 6.9159 NOK
My targets
6.9579 NOK (+0.0105)
7.0109 NOK (+0.0635)
My analysis
The basic bullish trend is very strong on AUD/NOK but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 6.9159 NOK. Crossing the first resistance at 6.9579 NOK would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 7.0109 NOK as an objective. Crossing it would then enable buyers to target 7.1021 NOK. Caution, a return to below 6.9159 NOK would be a sign of a consolidation phase in the short-term basic trend. 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, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
7.1
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Additional analysis
Quotes
The AUD/NOK price is 6.9474 NOK. The price has increased by +0.06% since the last closing with the lowest point at 6.9425 NOK and the highest point at 6.9484 NOK. The deviation from the price is +0.07% for the low point and -0.01% for the high point.6.9425
6.9484
6.9474
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
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 moving averages are 89.29% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The probability of a further increase are moderate given the direction of the technical indicators.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
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 support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
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 | 6.8729 | 6.9020 | 6.9159 | 6.9474 | 6.9579 | 7.0109 | 7.1021 |
| Change (%) | -1.07% | -0.65% | -0.45% | - | +0.15% | +0.91% | +2.23% |
| Change | -0.0745 | -0.0454 | -0.0315 | - | +0.0105 | +0.0635 | +0.1547 |
| Level | Intermediate | Minor | Major | - | 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 | 6.8953 | 6.9108 | 6.9270 | 6.9425 | 6.9587 | 6.9742 | 6.9904 |
| Camarilla | 6.9344 | 6.9373 | 6.9402 | 6.9431 | 6.9460 | 6.9489 | 6.9518 |
| Woodie | 6.8956 | 6.9110 | 6.9273 | 6.9427 | 6.9590 | 6.9744 | 6.9907 |
| Fibonacci | 6.9108 | 6.9229 | 6.9304 | 6.9425 | 6.9546 | 6.9621 | 6.9742 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.7916 | 6.8189 | 6.8628 | 6.8901 | 6.9340 | 6.9613 | 7.0052 |
| Camarilla | 6.8871 | 6.8937 | 6.9002 | 6.9067 | 6.9132 | 6.9198 | 6.9263 |
| Woodie | 6.7999 | 6.8231 | 6.8711 | 6.8943 | 6.9423 | 6.9655 | 7.0135 |
| Fibonacci | 6.8189 | 6.8461 | 6.8629 | 6.8901 | 6.9173 | 6.9341 | 6.9613 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.7172 | 6.7747 | 6.8402 | 6.8977 | 6.9632 | 7.0207 | 7.0862 |
| Camarilla | 6.8720 | 6.8833 | 6.8945 | 6.9058 | 6.9171 | 6.9284 | 6.9396 |
| Woodie | 6.7213 | 6.7767 | 6.8443 | 6.8997 | 6.9673 | 7.0227 | 7.0903 |
| Fibonacci | 6.7747 | 6.8217 | 6.8507 | 6.8977 | 6.9447 | 6.9737 | 7.0207 |
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): | 56.83 | |
| MACD (12,26,9): | 0.0006 | |
| Directional Movement: | -1.7521 | |
| AROON (14): | -85.7143 | |
| DEMA (21): | 6.9430 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.9264 | |
| Elder Ray (13): | 0.0002 | |
| Super Trend (3,10): | 6.9237 | |
| Zig ZAG (10): | 6.9471 | |
| VORTEX (21): | 0.9569 | |
| Stochastique (14,3,5): | 56.96 | |
| TEMA (21): | 6.9395 | |
| Williams %R (14): | -29.39 | |
| Chande Momentum Oscillator (20): | 0.0055 | |
| Repulse (5,40,3): | 0.2093 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0018 | |
| Courbe Coppock: | 0.24 |
| MA7: | 6.9086 | |
| MA20: | 6.8892 | |
| MA50: | 6.8954 | |
| MA100: | 6.9842 | |
| MAexp7: | 6.9414 | |
| MAexp20: | 6.9415 | |
| MAexp50: | 6.9353 | |
| MAexp100: | 6.9236 | |
| Price / MA7: | +0.56% | |
| Price / MA20: | +0.84% | |
| Price / MA50: | +0.75% | |
| Price / MA100: | -0.53% | |
| Price / MAexp7: | +0.09% | |
| Price / MAexp20: | +0.08% | |
| Price / MAexp50: | +0.17% | |
| Price / MAexp100: | +0.34% |
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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