AUD/NOK - Daily - Technical analysis published on 04/02/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bullish
Technical indicators
6%
61%
33%
My opinion
Bullish above 6.1848 NOK
My targets
6.3414 NOK (+0.0614)
6.4490 NOK (+0.1690)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on AUD/NOK. As long as you are above the support located at 6.1848 NOK, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 6.3414 NOK would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 6.4490 NOK as an objective. Crossing it would then enable buyers to target 6.5558 NOK. If the support 6.1848 NOK were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
In the very short term, the general bullish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bullish direction is still favored, however the current short term bearish correction should be carefully watched.
FORCE
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10
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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 6.2800 NOK. The price registered a decrease of -1.40% on the session and was traded between 6.2338 NOK and 6.3702 NOK over the period. The price is currently at +0.74% from its lowest and -1.42% from its highest.6.2338
6.3702
6.2800
The Central Gaps scanner detects a bearish opening. A small advantage for sellers 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:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Abnormal volumes on AUD/NOK were detected by the Central Volumes scanner:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Technical
A technical analysis in Daily of this AUD/NOK chart shows a bullish trend. 64.29% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. An assessment of moving averages reveals several bearish signals that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : Daily
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : Daily
In fact, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bearish. The Central Indicators scanner found this result concerning these indicators:
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:
Horizontal support is broken
Type : Bearish
Timeframe : Daily
Support of channel is broken
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 5.9567 | 6.0761 | 6.1848 | 6.2800 | 6.3414 | 6.4490 | 6.5558 |
| Change (%) | -5.15% | -3.25% | -1.52% | - | +0.98% | +2.69% | +4.39% |
| Change | -0.3233 | -0.2039 | -0.0952 | - | +0.0614 | +0.1690 | +0.2758 |
| Level | Minor | Major | Major | - | Major | Major | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.0637 | 6.1407 | 6.2549 | 6.3319 | 6.4461 | 6.5231 | 6.6373 |
| Camarilla | 6.3165 | 6.3341 | 6.3516 | 6.3691 | 6.3866 | 6.4042 | 6.4217 |
| Woodie | 6.0823 | 6.1500 | 6.2735 | 6.3412 | 6.4647 | 6.5324 | 6.6559 |
| Fibonacci | 6.1407 | 6.2137 | 6.2589 | 6.3319 | 6.4049 | 6.4501 | 6.5231 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.5895 | 5.9308 | 6.1836 | 6.5249 | 6.7777 | 7.1190 | 7.3718 |
| Camarilla | 6.2730 | 6.3275 | 6.3819 | 6.4364 | 6.4909 | 6.5453 | 6.5998 |
| Woodie | 5.5453 | 5.9087 | 6.1394 | 6.5028 | 6.7335 | 7.0969 | 7.3276 |
| Fibonacci | 5.9308 | 6.1578 | 6.2980 | 6.5249 | 6.7519 | 6.8921 | 7.1190 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.9372 | 5.4487 | 5.9239 | 6.4354 | 6.9106 | 7.4221 | 7.8973 |
| Camarilla | 6.1278 | 6.2182 | 6.3087 | 6.3991 | 6.4896 | 6.5800 | 6.6704 |
| Woodie | 4.9191 | 5.4396 | 5.9058 | 6.4263 | 6.8925 | 7.4130 | 7.8792 |
| Fibonacci | 5.4487 | 5.8256 | 6.0585 | 6.4354 | 6.8123 | 7.0452 | 7.4221 |
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): | 46.82 | |
| MACD (12,26,9): | 0.0432 | |
| Directional Movement: | 4.4040 | |
| AROON (14): | 28.5714 | |
| DEMA (21): | 6.4443 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.8674 | |
| Elder Ray (13): | -0.0969 | |
| Super Trend (3,10): | 6.0686 | |
| Zig ZAG (10): | 6.2745 | |
| VORTEX (21): | 1.0223 | |
| Stochastique (14,3,5): | 22.82 | |
| TEMA (21): | 6.4454 | |
| Williams %R (14): | -86.14 | |
| Chande Momentum Oscillator (20): | -0.0158 | |
| Repulse (5,40,3): | -1.6597 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.1628 | |
| Courbe Coppock: | 4.36 |
| MA7: | 6.3735 | |
| MA20: | 6.3946 | |
| MA50: | 6.2657 | |
| MA100: | 6.2246 | |
| MAexp7: | 6.3861 | |
| MAexp20: | 6.3799 | |
| MAexp50: | 6.3007 | |
| MAexp100: | 6.2472 | |
| Price / MA7: | -1.47% | |
| Price / MA20: | -1.79% | |
| Price / MA50: | +0.23% | |
| Price / MA100: | +0.89% | |
| Price / MAexp7: | -1.66% | |
| Price / MAexp20: | -1.57% | |
| Price / MAexp50: | -0.33% | |
| Price / MAexp100: | +0.53% |
This member declared not having a position on this financial instrument or a related financial instrument.
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