AUD/NOK - Daily - Technical analysis published on 01/24/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : NEUTRAL
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Slightly bearish
Technical indicators
67%
0%
33%
My opinion
Neutral between 6.0960 NOK and 6.2154 NOK
My targets
-
My analysis
A slightly bearish trend and a neutral short term. With such a pattern, it is difficult to favour buying or selling. The first support is located at 6.0960 NOK. The first resistance is located at 6.2154 NOK. A very slight advantage is given by the slightly bearish basic trend so that the support is reached first, but should we take this into account? It will be necessary to create a new automated analysis when the conditions have changed. This could be the case, for example, when the first support has been broken below or the first resistance has been broken above.
In the very short term, technical indicators are bullish and could soon allow change to a bullish sentiment.
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The AUD/NOK rating is 6.1564 NOK. The price registered an increase of -0.06% on the session with the lowest point at 6.1535 NOK and the highest point at 6.1653 NOK. The deviation from the price is +0.05% for the low point and -0.14% for the high point.6.1535
6.1653
6.1564
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
A study of price movements over other periods shows the following variations:
Technical
A technical analysis in Daily of this AUD/NOK chart shows a slightly bearish trend. 60.71% of the signals given by moving averages are bullish. As the signals currently given by short-term moving averages are rather neutral, the overall trend could quickly return to neutral as well. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : Daily
The probability of a further increase are moderate given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
RSI indicator is back over 50
Type : Bullish
Timeframe : Daily
Ichimoku - Bullish crossover : Tenkan & Kijun
Type : Bullish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
Resistance of triangle is broken
Type : Bullish
Timeframe : Daily
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Bullish engulfing lines
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 5.9498 | 6.0184 | 6.0960 | 6.1564 | 6.1809 | 6.2154 | 6.2837 |
| Change (%) | -3.36% | -2.24% | -0.98% | - | +0.40% | +0.96% | +2.07% |
| Change | -0.2066 | -0.1380 | -0.0604 | - | +0.0245 | +0.0590 | +0.1273 |
| Level | Major | Minor | Major | - | Minor | Intermediate | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.0885 | 6.1140 | 6.1371 | 6.1626 | 6.1857 | 6.2112 | 6.2343 |
| Camarilla | 6.1469 | 6.1514 | 6.1558 | 6.1603 | 6.1648 | 6.1692 | 6.1737 |
| Woodie | 6.0874 | 6.1134 | 6.1360 | 6.1620 | 6.1846 | 6.2106 | 6.2332 |
| Fibonacci | 6.1140 | 6.1325 | 6.1440 | 6.1626 | 6.1811 | 6.1926 | 6.2112 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.0514 | 6.0766 | 6.1012 | 6.1264 | 6.1510 | 6.1762 | 6.2008 |
| Camarilla | 6.1121 | 6.1167 | 6.1212 | 6.1258 | 6.1304 | 6.1349 | 6.1395 |
| Woodie | 6.0511 | 6.0765 | 6.1009 | 6.1263 | 6.1507 | 6.1761 | 6.2005 |
| Fibonacci | 6.0766 | 6.0956 | 6.1074 | 6.1264 | 6.1454 | 6.1572 | 6.1762 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.9427 | 6.0407 | 6.1002 | 6.1982 | 6.2577 | 6.3557 | 6.4152 |
| Camarilla | 6.1164 | 6.1308 | 6.1453 | 6.1597 | 6.1741 | 6.1886 | 6.2030 |
| Woodie | 5.9235 | 6.0311 | 6.0810 | 6.1886 | 6.2385 | 6.3461 | 6.3960 |
| Fibonacci | 6.0407 | 6.1009 | 6.1380 | 6.1982 | 6.2584 | 6.2955 | 6.3557 |
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): | 51.17 | |
| MACD (12,26,9): | -0.0091 | |
| Directional Movement: | 3.0771 | |
| AROON (14): | 85.7142 | |
| DEMA (21): | 6.1278 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.0945 | |
| Elder Ray (13): | 0.0184 | |
| Super Trend (3,10): | 6.1821 | |
| Zig ZAG (10): | 6.1550 | |
| VORTEX (21): | 0.9969 | |
| Stochastique (14,3,5): | 79.75 | |
| TEMA (21): | 6.1362 | |
| Williams %R (14): | -24.05 | |
| Chande Momentum Oscillator (20): | 0.0565 | |
| Repulse (5,40,3): | -0.0368 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0448 | |
| Courbe Coppock: | 0.52 |
| MA7: | 6.1441 | |
| MA20: | 6.1321 | |
| MA50: | 6.1829 | |
| MA100: | 6.1933 | |
| MAexp7: | 6.1453 | |
| MAexp20: | 6.1447 | |
| MAexp50: | 6.1681 | |
| MAexp100: | 6.1677 | |
| Price / MA7: | +0.20% | |
| Price / MA20: | +0.40% | |
| Price / MA50: | -0.43% | |
| Price / MA100: | -0.60% | |
| Price / MAexp7: | +0.18% | |
| Price / MAexp20: | +0.19% | |
| Price / MAexp50: | -0.19% | |
| Price / MAexp100: | -0.18% |
This member declared not having a position on this financial instrument or a related financial instrument.
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