CAD/NOK
CAD NOK
- NOK (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: CADNOK
ISIN:

CAD/NOK - 1H - Technical analysis published on 08/07/2020 (GMT)

  • Who voted?
  • 114
  • 0
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
Click here for a new analysis!
  • Timeframe : 1H
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

Analysis too old. There are no more charts available.

Summary of the analysis

Trends
Court terme: Bearish
De fond: Strongly bearish
Technical indicators
33%
28%
39%
My opinion
Bearish under 6.7817 NOK
My targets
6.7213 NOK (-0.0205)
6.6728 NOK (-0.0690)
My analysis
The bearish basic trend is very strong on CAD/NOK but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 6.7817 NOK. Crossing the first support at 6.7213 NOK would be a sign of a further potential price plummet. Sellers would then use the next support located at 6.6728 NOK as an objective. Crossing it would then enable sellers to target 6.5670 NOK. Caution, a return to above the resistance located at 6.7817 NOK would be a sign of a possible consolidation phase of the short-term basic trend. 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, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
5.2

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The CAD/NOK rating is 6.7418 NOK. On the day, this instrument gained +0.06% and was traded between 6.7342 NOK and 6.7623 NOK over the period. The price is currently at +0.11% from its lowest and -0.30% from its highest.

6.7342
6.7623
6.7418

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:
The Central Records scanner, which identifies the highest / lowest, has detected an element:

Central Records

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 strongly bearish. 89.29% of the signals given by moving averages are bearish. The slightly bearish signals from short-term moving averages show that the overall trend is slowing down. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:

Central Indicators

Bearish trend reversal : Moving Average 20

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : 1 hour



An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

RSI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

RSI indicator is back under 50

Type : Bearish

Timeframe : 1 hour


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:

Central Patterns

Near support of triangle

Type : Bullish

Timeframe : 1 hour


Horizontal support is broken

Type : Bearish

Timeframe : 1 hour


Support of channel is broken

Type : Bearish

Timeframe : 1 hour



No result was found by the Central Candlesticks scanner on Japanese candlesticks.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 6.5670 6.7213 6.7404 6.7418 6.7817 6.7989 6.8174
Change (%) -2.59% -0.30% -0.02% - +0.59% +0.85% +1.12%
Change -0.1748 -0.0205 -0.0014 - +0.0399 +0.0571 +0.0756
Level Major Minor Intermediate - Intermediate Minor 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
Standard6.65186.68666.71216.74696.77246.80726.8327
Camarilla6.72116.72666.73226.73776.74326.74886.7543
Woodie6.64736.68436.70766.74466.76796.80496.8282
Fibonacci6.68666.70966.72386.74696.76996.78416.8072


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard6.61386.67286.72796.78696.84206.90106.9561
Camarilla6.75176.76226.77266.78316.79366.80406.8145
Woodie6.61206.67186.72616.78596.84026.90006.9543
Fibonacci6.67286.71646.74336.78696.83056.85746.9010


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard6.28046.50606.64466.87027.00887.23447.3730
Camarilla6.68306.71636.74976.78316.81656.84996.8833
Woodie6.23686.48436.60106.84856.96527.21277.3294
Fibonacci6.50606.64526.73116.87027.00947.09537.2344

Numerical data


The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators
Moving averages

RSI (14): 45.80
MACD (12,26,9): -0.0030
Directional Movement: -1.2187
AROON (14): -57.1429
DEMA (21): 6.7439
Parabolic SAR (0,02-0,02-0,2): 6.7623
Elder Ray (13): 0.0009
Super Trend (3,10): 6.7748
Zig ZAG (10): 6.7451
VORTEX (21): 0.9774
Stochastique (14,3,5): 63.64
TEMA (21): 6.7483
Williams %R (14): -60.07
Chande Momentum Oscillator (20): -0.0061
Repulse (5,40,3): -0.0901
ROCnROLL: 2
TRIX (15,9): -0.0100
Courbe Coppock: 0.22
MA7: 6.7724
MA20: 6.8158
MA50: 6.9354
MA100: 7.1441
MAexp7: 6.7482
MAexp20: 6.7499
MAexp50: 6.7617
MAexp100: 6.7758
Price / MA7: -0.45%
Price / MA20: -1.09%
Price / MA50: -2.79%
Price / MA100: -5.63%
Price / MAexp7: -0.09%
Price / MAexp20: -0.12%
Price / MAexp50: -0.29%
Price / MAexp100: -0.50%

Quotes : 2020-08-07 06:31:53 - Real time data - Forex

This member declared not having a position on this financial instrument or a related financial instrument.

About author

Online

Overall rating :
15090
Number of analyses :
Followers :
0
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…

Add a comment

no pic

Comments

0 comments on the analysis CAD/NOK - 1H