AUD/NOK - 1H - Technical analysis published on 04/29/2024 (GMT)
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- Timeframe : 1H
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- Status : INVALID
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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
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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.
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:
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:
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:
Black hanging man / hammer
Type : Neutral
Timeframe : 1 hour
Dragon-fly doji
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| 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 |
|---|---|---|---|---|---|---|---|
| Standard | 7.0950 | 7.1221 | 7.1680 | 7.1951 | 7.2410 | 7.2681 | 7.3140 |
| Camarilla | 7.1939 | 7.2006 | 7.2073 | 7.2140 | 7.2207 | 7.2274 | 7.2341 |
| Woodie | 7.1045 | 7.1268 | 7.1775 | 7.1998 | 7.2505 | 7.2728 | 7.3235 |
| Fibonacci | 7.1221 | 7.1500 | 7.1672 | 7.1951 | 7.2230 | 7.2402 | 7.2681 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.9525 | 7.0081 | 7.1110 | 7.1666 | 7.2695 | 7.3251 | 7.4280 |
| Camarilla | 7.1704 | 7.1849 | 7.1995 | 7.2140 | 7.2285 | 7.2431 | 7.2576 |
| Woodie | 6.9763 | 7.0199 | 7.1348 | 7.1784 | 7.2933 | 7.3369 | 7.4518 |
| Fibonacci | 7.0081 | 7.0686 | 7.1060 | 7.1666 | 7.2271 | 7.2645 | 7.3251 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.6508 | 6.7485 | 6.8990 | 6.9967 | 7.1472 | 7.2449 | 7.3954 |
| Camarilla | 6.9813 | 7.0040 | 7.0268 | 7.0495 | 7.0723 | 7.0950 | 7.1178 |
| Woodie | 6.6772 | 6.7617 | 6.9254 | 7.0099 | 7.1736 | 7.2581 | 7.4218 |
| Fibonacci | 6.7485 | 6.8433 | 6.9019 | 6.9967 | 7.0915 | 7.1501 | 7.2449 |
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.
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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