CAD/NOK - 1H - Technical analysis published on 05/19/2020 (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
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
39%
28%
33%
My opinion
Bearish under 7.2176 NOK
My targets
7.1731 NOK (-0.0113)
7.1562 NOK (-0.0282)
My analysis
The bearish trend is currently very strong for CAD/NOK. As long as the price remains below the resistance at 7.2176 NOK, you could try to take advantage of the bearish rally. The first bearish objective is located at 7.1731 NOK. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 7.1562 NOK as an objective. Crossing it would then enable sellers to target 7.0583 NOK. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
FORCE
0
10
5.4
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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
CAD/NOK rating 7.1844 NOK. The price registered a decrease of -0.12% on the session and was between 7.1773 NOK and 7.2126 NOK. This implies that the price is at +0.10% from its lowest and at -0.39% from its highest.7.1773
7.2126
7.1844
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by CAD/NOK:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this CAD/NOK chart shows a sharp bearish trend. 89.29% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
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 | 7.0583 | 7.1562 | 7.1731 | 7.1844 | 7.2176 | 7.2926 | 7.3103 |
| Change (%) | -1.76% | -0.39% | -0.16% | - | +0.46% | +1.51% | +1.75% |
| Change | -0.1261 | -0.0282 | -0.0113 | - | +0.0332 | +0.1082 | +0.1259 |
| Level | Minor | Minor | Intermediate | - | Minor | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.0551 | 7.1141 | 7.1534 | 7.2124 | 7.2517 | 7.3107 | 7.3500 |
| Camarilla | 7.1657 | 7.1747 | 7.1837 | 7.1927 | 7.2017 | 7.2107 | 7.2197 |
| Woodie | 7.0453 | 7.1092 | 7.1436 | 7.2075 | 7.2419 | 7.3058 | 7.3402 |
| Fibonacci | 7.1141 | 7.1517 | 7.1749 | 7.2124 | 7.2500 | 7.2732 | 7.3107 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.9294 | 7.0428 | 7.1487 | 7.2621 | 7.3680 | 7.4814 | 7.5873 |
| Camarilla | 7.1943 | 7.2144 | 7.2345 | 7.2546 | 7.2747 | 7.2948 | 7.3149 |
| Woodie | 6.9257 | 7.0409 | 7.1450 | 7.2602 | 7.3643 | 7.4795 | 7.5836 |
| Fibonacci | 7.0428 | 7.1266 | 7.1783 | 7.2621 | 7.3459 | 7.3976 | 7.4814 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.7464 | 6.9815 | 7.1660 | 7.4011 | 7.5856 | 7.8207 | 8.0052 |
| Camarilla | 7.2352 | 7.2737 | 7.3121 | 7.3506 | 7.3891 | 7.4275 | 7.4660 |
| Woodie | 6.7212 | 6.9689 | 7.1408 | 7.3885 | 7.5604 | 7.8081 | 7.9800 |
| Fibonacci | 6.9815 | 7.1418 | 7.2408 | 7.4011 | 7.5614 | 7.6604 | 7.8207 |
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): | 44.05 | |
| MACD (12,26,9): | -0.0088 | |
| Directional Movement: | 9.4543 | |
| AROON (14): | 35.7142 | |
| DEMA (21): | 7.1898 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.1839 | |
| Elder Ray (13): | -0.0037 | |
| Super Trend (3,10): | 7.2460 | |
| Zig ZAG (10): | 7.1935 | |
| VORTEX (21): | 0.9073 | |
| Stochastique (14,3,5): | 26.47 | |
| TEMA (21): | 7.1883 | |
| Williams %R (14): | -83.51 | |
| Chande Momentum Oscillator (20): | 0.0075 | |
| Repulse (5,40,3): | -0.0088 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0233 | |
| Courbe Coppock: | 0.08 |
| MA7: | 7.2349 | |
| MA20: | 7.3467 | |
| MA50: | 7.4125 | |
| MA100: | 7.1650 | |
| MAexp7: | 7.1967 | |
| MAexp20: | 7.2024 | |
| MAexp50: | 7.2185 | |
| MAexp100: | 7.2337 | |
| Price / MA7: | -0.70% | |
| Price / MA20: | -2.21% | |
| Price / MA50: | -3.08% | |
| Price / MA100: | +0.27% | |
| Price / MAexp7: | -0.18% | |
| Price / MAexp20: | -0.25% | |
| Price / MAexp50: | -0.48% | |
| Price / MAexp100: | -0.69% |
This member declared not having a position on this financial instrument or a related financial instrument.
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