AUD/NOK
AUD NOK
- NOK (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: AUDNOK
ISIN:

AUD/NOK - 1H - Technical analysis published on 04/29/2024 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Neutral
Underlying: Bullish
Technical indicators
17%
28%
56%
My opinion
Bullish above 7.1949 NOK
My targets
7.2221 NOK (+0.0094)
7.3251 NOK (+0.1124)
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 7.1949 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 7.1949 NOK. The next bullish objective for buyers is set at 7.2221 NOK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 7.3251 NOK. If there is any crossing, the next objective would be the resistance located at 7.4115 NOK. PS: if there is a bearish break in the support located at 7.1949 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
2.9

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:
15 min. Daily Weekly

Additional analysis

Quotes

AUD/NOK rating 7.2127 NOK. On the day, this instrument lost -0.02% and was traded between 7.1863 NOK and 7.2350 NOK over the period. The price is currently at +0.37% from its lowest and -0.31% from its highest.

7.1863
7.2350
7.2127

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Central Gaps

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:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly


Near a 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


A technical analysis in 1H of this AUD/NOK chart shows a bullish trend. 75.00% 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. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

On the 18 technical indicators analysed, 3 are bullish, 10 are neutral and 5 are bearish. No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Central Patterns

Near support of channel

Type : Bullish

Timeframe : 1 hour



From the Japanese candlestick perspective, the Central Candlesticks scanner notes the presence of these results that could impact the short-term trend:

Central Candlesticks

Black hanging man / hammer

Type : Neutral

Timeframe : 1 hour


Dragon-fly doji

Type : Bullish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
Price


S3S2S1PriceR1R2
ProTrendLines 7.1144 7.1549 7.1949 7.2127 7.2221 7.4115
Change (%) -1.36% -0.80% -0.25% - +0.13% +2.76%
Change -0.0983 -0.0578 -0.0178 - +0.0094 +0.1988
Level Intermediate Minor Major - Intermediate Minor



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard7.09507.12217.16807.19517.24107.26817.3140
Camarilla7.19397.20067.20737.21407.22077.22747.2341
Woodie7.10457.12687.17757.19987.25057.27287.3235
Fibonacci7.12217.15007.16727.19517.22307.24027.2681


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard6.95257.00817.11107.16667.26957.32517.4280
Camarilla7.17047.18497.19957.21407.22857.24317.2576
Woodie6.97637.01997.13487.17847.29337.33697.4518
Fibonacci7.00817.06867.10607.16667.22717.26457.3251


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard6.65086.74856.89906.99677.14727.24497.3954
Camarilla6.98137.00407.02687.04957.07237.09507.1178
Woodie6.67726.76176.92547.00997.17367.25817.4218
Fibonacci6.74856.84336.90196.99677.09157.15017.2449

Numerical data


The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators
Moving averages

RSI (14): 54.10
MACD (12,26,9): 0.0042
Directional Movement: 5.6183
AROON (14): 35.7142
DEMA (21): 7.2216
Parabolic SAR (0,02-0,02-0,2): 7.2286
Elder Ray (13): -0.0014
Super Trend (3,10): 7.1918
Zig ZAG (10): 7.2158
VORTEX (21): 1.0293
Stochastique (14,3,5): 41.62
TEMA (21): 7.2164
Williams %R (14): -63.72
Chande Momentum Oscillator (20): -0.0014
Repulse (5,40,3): 0.0146
ROCnROLL: -1
TRIX (15,9): 0.0123
Courbe Coppock: 0.13
MA7: 7.1370
MA20: 7.0881
MA50: 7.0024
MA100: 6.9699
MAexp7: 7.2164
MAexp20: 7.2145
MAexp50: 7.1981
MAexp100: 7.1712
Price / MA7: +1.06%
Price / MA20: +1.76%
Price / MA50: +3.00%
Price / MA100: +3.48%
Price / MAexp7: -0.05%
Price / MAexp20: -0.02%
Price / MAexp50: +0.20%
Price / MAexp100: +0.58%

Quotes : - Real time data - Forex

This member declared not having a position on this financial instrument or a related financial instrument.

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