AUD/NOK - 1H - Technical analysis published on 08/28/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bullish
Technical indicators
67%
6%
28%
My opinion
Bullish above 7.1156 NOK
My targets
7.1525 NOK (+0.0296)
7.1611 NOK (+0.0382)
My analysis
All elements being rather bullish, it would be possible for traders to only trade long positions (at the time of purchase) on AUD/NOK as long as the price remains well above 7.1156 NOK. The buyers' bullish objective is set at 7.1525 NOK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 7.1611 NOK. If there is any crossing, the next objective would be the resistance located at 7.1909 NOK. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bullish, basic trend. If you have another key point closer to the current price, it would be better to only trade long positions (at the time of purchase) above that key point.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
4.8
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The AUD/NOK price is 7.1229 NOK. The price has increased by +0.31% since the last closing and was traded between 7.0984 NOK and 7.1262 NOK over the period. The price is currently at +0.35% from its lowest and -0.05% from its highest.7.0984
7.1262
7.1229
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
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 LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
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. This bullish trend shows slight signs of slowing down given the slightly bullish signals given by the short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators shows a moderate bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Aroon indicator bullish trend
Type : Bullish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 7.0904 | 7.0999 | 7.1156 | 7.1229 | 7.1264 | 7.1525 | 7.1611 |
| Change (%) | -0.46% | -0.32% | -0.10% | - | +0.05% | +0.42% | +0.54% |
| Change | -0.0325 | -0.0230 | -0.0073 | - | +0.0035 | +0.0296 | +0.0382 |
| Level | Minor | Intermediate | Intermediate | - | Minor | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.0095 | 7.0518 | 7.0762 | 7.1185 | 7.1429 | 7.1852 | 7.2096 |
| Camarilla | 7.0824 | 7.0885 | 7.0946 | 7.1007 | 7.1068 | 7.1129 | 7.1190 |
| Woodie | 7.0007 | 7.0473 | 7.0674 | 7.1140 | 7.1341 | 7.1807 | 7.2008 |
| Fibonacci | 7.0518 | 7.0773 | 7.0930 | 7.1185 | 7.1440 | 7.1597 | 7.1852 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.9723 | 7.0210 | 7.0640 | 7.1127 | 7.1557 | 7.2044 | 7.2474 |
| Camarilla | 7.0819 | 7.0903 | 7.0987 | 7.1071 | 7.1155 | 7.1239 | 7.1323 |
| Woodie | 6.9696 | 7.0196 | 7.0613 | 7.1113 | 7.1530 | 7.2030 | 7.2447 |
| Fibonacci | 7.0210 | 7.0560 | 7.0776 | 7.1127 | 7.1477 | 7.1693 | 7.2044 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.7921 | 6.9319 | 7.0375 | 7.1773 | 7.2829 | 7.4227 | 7.5283 |
| Camarilla | 7.0756 | 7.0981 | 7.1206 | 7.1431 | 7.1656 | 7.1881 | 7.2106 |
| Woodie | 6.7750 | 6.9234 | 7.0204 | 7.1688 | 7.2658 | 7.4142 | 7.5112 |
| Fibonacci | 6.9319 | 7.0256 | 7.0836 | 7.1773 | 7.2710 | 7.3290 | 7.4227 |
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): | 52.39 | |
| MACD (12,26,9): | -0.0048 | |
| Directional Movement: | -0.5536 | |
| AROON (14): | 28.5714 | |
| DEMA (21): | 7.1094 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.0968 | |
| Elder Ray (13): | 0.0078 | |
| Super Trend (3,10): | 7.1345 | |
| Zig ZAG (10): | 7.1215 | |
| VORTEX (21): | 0.8868 | |
| Stochastique (14,3,5): | 78.15 | |
| TEMA (21): | 7.1067 | |
| Williams %R (14): | -13.35 | |
| Chande Momentum Oscillator (20): | 0.0150 | |
| Repulse (5,40,3): | 0.1633 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0141 | |
| Courbe Coppock: | 0.37 |
| MA7: | 7.1066 | |
| MA20: | 7.1110 | |
| MA50: | 7.1462 | |
| MA100: | 7.1200 | |
| MAexp7: | 7.1144 | |
| MAexp20: | 7.1160 | |
| MAexp50: | 7.1205 | |
| MAexp100: | 7.1171 | |
| Price / MA7: | +0.23% | |
| Price / MA20: | +0.17% | |
| Price / MA50: | -0.33% | |
| Price / MA100: | +0.04% | |
| Price / MAexp7: | +0.12% | |
| Price / MAexp20: | +0.10% | |
| Price / MAexp50: | +0.03% | |
| Price / MAexp100: | +0.08% |
Quotes :
-
Real time data
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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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