CAD/NOK - 1H - Technical analysis published on 09/08/2020 (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 bullish
De fond:
Strongly bullish
Technical indicators
50%
6%
44%
My opinion
Bullish above 6.8190 NOK
My targets
6.8561 NOK (+0.0284)
6.9026 NOK (+0.0749)
My analysis
The bullish trend is currently very strong on CAD/NOK. As long as the price remains above the support at 6.8190 NOK, you could try to benefit from the boom. The first bullish objective is located at 6.8561 NOK. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 6.9026 NOK as an objective. Crossing it would then enable buyers to target 7.0626 NOK. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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 confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.5
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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 6.8277 NOK. The price registered an increase of +0.05% on the session with the lowest point at 6.8149 NOK and the highest point at 6.8398 NOK. The deviation from the price is +0.19% for the low point and -0.18% for the high point.6.8149
6.8398
6.8277
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
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
A technical analysis in 1H of this CAD/NOK chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
Caution: the Central Indicators scanner currently detects an excess:
MACD indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Resistance of triangle is broken
Type : Bullish
Timeframe : 1 hour
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 | 6.7052 | 6.7404 | 6.8190 | 6.8277 | 6.8343 | 6.8561 | 6.9026 |
| Change (%) | -1.79% | -1.28% | -0.13% | - | +0.10% | +0.42% | +1.10% |
| Change | -0.1225 | -0.0873 | -0.0087 | - | +0.0066 | +0.0284 | +0.0749 |
| Level | Minor | Major | Intermediate | - | Minor | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.7576 | 6.7790 | 6.8016 | 6.8230 | 6.8456 | 6.8670 | 6.8896 |
| Camarilla | 6.8122 | 6.8162 | 6.8203 | 6.8243 | 6.8283 | 6.8324 | 6.8364 |
| Woodie | 6.7583 | 6.7793 | 6.8023 | 6.8233 | 6.8463 | 6.8673 | 6.8903 |
| Fibonacci | 6.7790 | 6.7958 | 6.8062 | 6.8230 | 6.8398 | 6.8502 | 6.8670 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.4984 | 6.5765 | 6.6998 | 6.7779 | 6.9012 | 6.9793 | 7.1026 |
| Camarilla | 6.7676 | 6.7861 | 6.8045 | 6.8230 | 6.8415 | 6.8599 | 6.8784 |
| Woodie | 6.5209 | 6.5878 | 6.7223 | 6.7892 | 6.9237 | 6.9906 | 7.1251 |
| Fibonacci | 6.5765 | 6.6535 | 6.7010 | 6.7779 | 6.8549 | 6.9024 | 6.9793 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.4004 | 6.5282 | 6.6106 | 6.7384 | 6.8208 | 6.9486 | 7.0310 |
| Camarilla | 6.6352 | 6.6545 | 6.6737 | 6.6930 | 6.7123 | 6.7315 | 6.7508 |
| Woodie | 6.3777 | 6.5169 | 6.5879 | 6.7271 | 6.7981 | 6.9373 | 7.0083 |
| Fibonacci | 6.5282 | 6.6085 | 6.6581 | 6.7384 | 6.8187 | 6.8683 | 6.9486 |
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): | 50.02 | |
| MACD (12,26,9): | 0.0026 | |
| Directional Movement: | -5.3785 | |
| AROON (14): | -35.7142 | |
| DEMA (21): | 6.8303 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.8384 | |
| Elder Ray (13): | 0.0011 | |
| Super Trend (3,10): | 6.7996 | |
| Zig ZAG (10): | 6.8288 | |
| VORTEX (21): | 1.0874 | |
| Stochastique (14,3,5): | 46.02 | |
| TEMA (21): | 6.8301 | |
| Williams %R (14): | -38.15 | |
| Chande Momentum Oscillator (20): | 0.0052 | |
| Repulse (5,40,3): | 0.0329 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0061 | |
| Courbe Coppock: | 0.17 |
| MA7: | 6.7799 | |
| MA20: | 6.7615 | |
| MA50: | 6.8168 | |
| MA100: | 6.9953 | |
| MAexp7: | 6.8279 | |
| MAexp20: | 6.8260 | |
| MAexp50: | 6.8171 | |
| MAexp100: | 6.7993 | |
| Price / MA7: | +0.71% | |
| Price / MA20: | +0.98% | |
| Price / MA50: | +0.16% | |
| Price / MA100: | -2.40% | |
| Price / MAexp7: | -0.01% | |
| Price / MAexp20: | +0.02% | |
| Price / MAexp50: | +0.15% | |
| Price / MAexp100: | +0.41% |
Quotes :
2020-09-08 07:31:30
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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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