CAD/NOK - 1H - Technical analysis published on 06/24/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
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Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Slightly bearish
Technical indicators
50%
0%
50%
My opinion
Neutral between 7.0218 NOK and 7.0455 NOK
My targets
-
My analysis
The neutral short-term trend shows a weakening of the basic, slightly bearish trend on CAD/NOK. It is difficult to advise a trading direction under these conditions. The first support is located at 7.0218 NOK. The first resistance is located at 7.0455 NOK. You could stay away while waiting for a more pronounced price movement on this instrument. A new analysis could then be produced that would give clearer signals.
Technical indicators are bullish in the very short term 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 CAD/NOK price is 7.0365 NOK. The price registered an increase of +0.12% on the session and was traded between 6.9952 NOK and 7.0744 NOK over the period. The price is currently at +0.59% from its lowest and -0.54% from its highest.6.9952
7.0744
7.0365
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of CAD/NOK indicates that the overall trend is slightly bearish. 57.14% of the signals given by moving averages are bearish. As the signals currently given by short-term moving averages are rather neutral, the slightly bearish trend could return to neutral. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
In fact, only 9 technical indicators out of 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
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 | 6.9102 | 6.9905 | 7.0218 | 7.0365 | 7.0455 | 7.0626 | 7.0885 |
| Change (%) | -1.79% | -0.65% | -0.21% | - | +0.13% | +0.37% | +0.74% |
| Change | -0.1263 | -0.0460 | -0.0147 | - | +0.0090 | +0.0261 | +0.0520 |
| Level | Intermediate | Intermediate | Minor | - | Minor | 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 | 6.8353 | 6.9200 | 6.9742 | 7.0589 | 7.1131 | 7.1978 | 7.2520 |
| Camarilla | 6.9901 | 7.0028 | 7.0156 | 7.0283 | 7.0410 | 7.0538 | 7.0665 |
| Woodie | 6.8200 | 6.9124 | 6.9589 | 7.0513 | 7.0978 | 7.1902 | 7.2367 |
| Fibonacci | 6.9200 | 6.9731 | 7.0059 | 7.0589 | 7.1120 | 7.1448 | 7.1978 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.7871 | 6.8832 | 6.9855 | 7.0816 | 7.1839 | 7.2800 | 7.3823 |
| Camarilla | 7.0332 | 7.0514 | 7.0696 | 7.0878 | 7.1060 | 7.1242 | 7.1424 |
| Woodie | 6.7902 | 6.8848 | 6.9886 | 7.0832 | 7.1870 | 7.2816 | 7.3854 |
| Fibonacci | 6.8832 | 6.9590 | 7.0058 | 7.0816 | 7.1574 | 7.2042 | 7.2800 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.5260 | 6.7754 | 6.9170 | 7.1664 | 7.3080 | 7.5574 | 7.6990 |
| Camarilla | 6.9511 | 6.9869 | 7.0228 | 7.0586 | 7.0944 | 7.1303 | 7.1661 |
| Woodie | 6.4721 | 6.7485 | 6.8631 | 7.1395 | 7.2541 | 7.5305 | 7.6451 |
| Fibonacci | 6.7754 | 6.9248 | 7.0170 | 7.1664 | 7.3158 | 7.4080 | 7.5574 |
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): | 50.96 | |
| MACD (12,26,9): | -0.0033 | |
| Directional Movement: | 7.3031 | |
| AROON (14): | 21.4286 | |
| DEMA (21): | 7.0226 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.0068 | |
| Elder Ray (13): | 0.0043 | |
| Super Trend (3,10): | 7.0477 | |
| Zig ZAG (10): | 7.0369 | |
| VORTEX (21): | 1.0676 | |
| Stochastique (14,3,5): | 55.77 | |
| TEMA (21): | 7.0296 | |
| Williams %R (14): | -43.69 | |
| Chande Momentum Oscillator (20): | 0.0107 | |
| Repulse (5,40,3): | -0.0524 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0195 | |
| Courbe Coppock: | 0.24 |
| MA7: | 7.0477 | |
| MA20: | 7.0228 | |
| MA50: | 7.1980 | |
| MA100: | 7.2163 | |
| MAexp7: | 7.0316 | |
| MAexp20: | 7.0295 | |
| MAexp50: | 7.0416 | |
| MAexp100: | 7.0460 | |
| Price / MA7: | -0.16% | |
| Price / MA20: | +0.20% | |
| Price / MA50: | -2.24% | |
| Price / MA100: | -2.49% | |
| Price / MAexp7: | +0.07% | |
| Price / MAexp20: | +0.10% | |
| Price / MAexp50: | -0.07% | |
| Price / MAexp100: | -0.13% |
Quotes :
2020-06-24 11:54:36
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Real time data
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Forex
This member declared not having a position on this financial instrument or a related financial instrument.
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