AUD/NOK - Daily - Technical analysis published on 02/27/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Bearish
Technical indicators
22%
61%
17%
My opinion
Bearish under 6.2154 NOK
My targets
6.0746 NOK (-0.0853)
6.0017 NOK (-0.1582)
My analysis
AUD/NOK is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 6.2154 NOK. The next support located at 6.0746 NOK is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 6.0017 NOK. Below this support, sellers could then target 5.9529 NOK.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
FORCE
0
10
5.9
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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 6.1599 NOK. The price is lower by +0.09% since the last closing and was between 6.1474 NOK and 6.1710 NOK. This implies that the price is at +0.20% from its lowest and at -0.18% from its highest.6.1474
6.1710
6.1599
Here is a more detailed summary of the historical variations registered by AUD/NOK:
Technical
Technical analysis of AUD/NOK in Daily shows an overall bearish trend. The signals given by moving averages are 78.57% bearish. This bearish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : Daily
Bearish trend reversal : Moving Average 100
Type : Bearish
Timeframe : Daily
Bearish trend reversal : adaptative moving average 100
Type : Bearish
Timeframe : Daily
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : Daily
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : Daily
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : Daily
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : Daily
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
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 support
Type : Bullish
Timeframe : Daily
Near support of triangle
Type : Bullish
Timeframe : Daily
Support of channel is broken
Type : Bearish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 6.0017 | 6.0746 | 6.1559 | 6.1599 | 6.2154 | 6.2837 | 6.3362 |
| Change (%) | -2.57% | -1.38% | -0.06% | - | +0.90% | +2.01% | +2.86% |
| Change | -0.1582 | -0.0853 | -0.0040 | - | +0.0555 | +0.1238 | +0.1763 |
| Level | Minor | Intermediate | Intermediate | - | Intermediate | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.0973 | 6.1224 | 6.1385 | 6.1636 | 6.1797 | 6.2048 | 6.2209 |
| Camarilla | 6.1432 | 6.1470 | 6.1507 | 6.1545 | 6.1583 | 6.1621 | 6.1658 |
| Woodie | 6.0927 | 6.1202 | 6.1339 | 6.1614 | 6.1751 | 6.2026 | 6.2163 |
| Fibonacci | 6.1224 | 6.1382 | 6.1479 | 6.1636 | 6.1794 | 6.1891 | 6.2048 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.0082 | 6.0748 | 6.1137 | 6.1803 | 6.2192 | 6.2858 | 6.3247 |
| Camarilla | 6.1235 | 6.1332 | 6.1428 | 6.1525 | 6.1622 | 6.1718 | 6.1815 |
| Woodie | 5.9943 | 6.0679 | 6.0998 | 6.1734 | 6.2053 | 6.2789 | 6.3108 |
| Fibonacci | 6.0748 | 6.1151 | 6.1400 | 6.1803 | 6.2206 | 6.2455 | 6.2858 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 44.91 | |
| MACD (12,26,9): | -0.0017 | |
| Directional Movement: | -0.7785 | |
| AROON (14): | -21.4285 | |
| DEMA (21): | 6.1834 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.2253 | |
| Elder Ray (13): | -0.0217 | |
| Super Trend (3,10): | 6.1146 | |
| Zig ZAG (10): | 6.1572 | |
| VORTEX (21): | 0.9867 | |
| Stochastique (14,3,5): | 24.26 | |
| TEMA (21): | 6.1792 | |
| Williams %R (14): | -83.04 | |
| Chande Momentum Oscillator (20): | -0.0520 | |
| Repulse (5,40,3): | -0.2958 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0170 | |
| Courbe Coppock: | 0.88 |
| MA7: | 6.1701 | |
| MA20: | 6.1952 | |
| MA50: | 6.1667 | |
| MA100: | 6.2060 | |
| MAexp7: | 6.1737 | |
| MAexp20: | 6.1831 | |
| MAexp50: | 6.1821 | |
| MAexp100: | 6.1772 | |
| Price / MA7: | -0.17% | |
| Price / MA20: | -0.57% | |
| Price / MA50: | -0.11% | |
| Price / MA100: | -0.74% | |
| Price / MAexp7: | -0.22% | |
| Price / MAexp20: | -0.38% | |
| Price / MAexp50: | -0.36% | |
| Price / MAexp100: | -0.28% |
This member declared not having a position on this financial instrument or a related financial instrument.
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