AUD/NOK - Daily - Technical analysis published on 02/10/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Bullish
Technical indicators
44%
22%
33%
My opinion
Bullish above 6.1530 NOK
My targets
6.2154 NOK (+0.0361)
6.2837 NOK (+0.1044)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on AUD/NOK. This is a positive signal for buyers. As long as the price remains above 6.1530 NOK, a purchase could be considered. The first bullish objective is located at 6.2154 NOK. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 6.2837 NOK as an objective. Crossing it would then enable buyers to target 6.3362 NOK. In the event of a return below 6.1530 NOK, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
FORCE
0
10
4.6
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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 6.1793 NOK. The price registered a decrease of -0.46% on the session and was traded between 6.1754 NOK and 6.2316 NOK over the period. The price is currently at +0.06% from its lowest and -0.84% from its highest.6.1754
6.2316
6.1793
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
Here is a more detailed summary of the historical variations registered by AUD/NOK:
Technical
A technical analysis in Daily of this AUD/NOK chart shows a bullish trend. 71.43% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish trend reversal : Moving Average 50
Type : Bearish
Timeframe : Daily
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 8 are bullish, 6 are neutral and 4 are bearish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near resistance of channel
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 5.9515 | 6.0769 | 6.1530 | 6.1793 | 6.2154 | 6.2837 | 6.3362 |
| Change (%) | -3.69% | -1.66% | -0.43% | - | +0.58% | +1.69% | +2.54% |
| Change | -0.2278 | -0.1024 | -0.0263 | - | +0.0361 | +0.1044 | +0.1569 |
| Level | Intermediate | Major | Major | - | Major | Major | Intermediate |
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 | 6.1647 | 6.1766 | 6.1921 | 6.2040 | 6.2195 | 6.2314 | 6.2469 |
| Camarilla | 6.2002 | 6.2027 | 6.2052 | 6.2077 | 6.2102 | 6.2127 | 6.2152 |
| Woodie | 6.1666 | 6.1775 | 6.1940 | 6.2049 | 6.2214 | 6.2323 | 6.2488 |
| Fibonacci | 6.1766 | 6.1870 | 6.1935 | 6.2040 | 6.2144 | 6.2209 | 6.2314 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.0656 | 6.1065 | 6.1571 | 6.1980 | 6.2486 | 6.2895 | 6.3401 |
| Camarilla | 6.1825 | 6.1909 | 6.1993 | 6.2077 | 6.2161 | 6.2245 | 6.2329 |
| Woodie | 6.0705 | 6.1089 | 6.1620 | 6.2004 | 6.2535 | 6.2919 | 6.3450 |
| Fibonacci | 6.1065 | 6.1415 | 6.1631 | 6.1980 | 6.2330 | 6.2546 | 6.2895 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.9019 | 5.9751 | 6.0648 | 6.1380 | 6.2277 | 6.3009 | 6.3906 |
| Camarilla | 6.1097 | 6.1246 | 6.1396 | 6.1545 | 6.1694 | 6.1844 | 6.1993 |
| Woodie | 5.9102 | 5.9792 | 6.0731 | 6.1421 | 6.2360 | 6.3050 | 6.3989 |
| Fibonacci | 5.9751 | 6.0373 | 6.0758 | 6.1380 | 6.2002 | 6.2387 | 6.3009 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 51.40 | |
| MACD (12,26,9): | 0.0115 | |
| Directional Movement: | 9.7010 | |
| AROON (14): | 71.4285 | |
| DEMA (21): | 6.1879 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.2389 | |
| Elder Ray (13): | 0.0193 | |
| Super Trend (3,10): | 6.1023 | |
| Zig ZAG (10): | 6.1799 | |
| VORTEX (21): | 1.1181 | |
| Stochastique (14,3,5): | 64.13 | |
| TEMA (21): | 6.2068 | |
| Williams %R (14): | -54.44 | |
| Chande Momentum Oscillator (20): | 0.0199 | |
| Repulse (5,40,3): | -0.6837 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0143 | |
| Courbe Coppock: | 1.84 |
| MA7: | 6.1970 | |
| MA20: | 6.1672 | |
| MA50: | 6.1766 | |
| MA100: | 6.1993 | |
| MAexp7: | 6.1933 | |
| MAexp20: | 6.1769 | |
| MAexp50: | 6.1764 | |
| MAexp100: | 6.1725 | |
| Price / MA7: | -0.29% | |
| Price / MA20: | +0.20% | |
| Price / MA50: | +0.04% | |
| Price / MA100: | -0.32% | |
| Price / MAexp7: | -0.23% | |
| Price / MAexp20: | +0.04% | |
| Price / MAexp50: | +0.05% | |
| Price / MAexp100: | +0.11% |
This member declared not having a position on this financial instrument or a related financial instrument.
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