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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 02/10/2021 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : INVALID

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Summary of the analysis

Trends
Court terme: Neutral
De fond: Bearish
Technical indicators
72%
0%
28%
My opinion
Bearish under 6.6731 NOK
My targets
6.6398 NOK (-0.0152)
6.6285 NOK (-0.0265)
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 CAD/NOK. As long as you are under the resistance located at 6.6731 NOK, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 6.6398 NOK would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 6.6285 NOK as an objective. Crossing it would then enable sellers to target 6.5665 NOK. If the resistance 6.6731 NOK were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.

In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
0

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.

Vincent Launay
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 price is 6.6550 NOK. The price registered an increase of +0.01% on the session and was between 6.6311 NOK and 6.6668 NOK. This implies that the price is at +0.36% from its lowest and at -0.18% from its highest.

6.6311
6.6668
6.6550

A study of price movements over other periods shows the following variations:

Technical


A technical analysis in 1H of this CAD/NOK chart shows a bearish trend. 64.29% of the signals given by moving averages are bearish. 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 bullish signals that could impact this trend:

Central Indicators

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : 1 hour



In fact, 13 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Aroon indicator bullish trend

Type : Bullish

Timeframe : 1 hour


Price is back over the pivot point

Type : Bullish

Timeframe : 1 hour


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



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:

Central Patterns

Horizontal support is broken

Type : Bearish

Timeframe : 1 hour



The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 6.6285 6.6398 6.6499 6.6550 6.6731 6.6879 6.7075
Change (%) -0.40% -0.23% -0.08% - +0.27% +0.49% +0.79%
Change -0.0265 -0.0152 -0.0051 - +0.0181 +0.0329 +0.0525
Level Intermediate Intermediate Minor - Minor Major Minor



Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard6.60306.62146.63796.65636.67286.69126.7077
Camarilla6.64486.64806.65126.65446.65766.66086.6640
Woodie6.60216.62096.63706.65586.67196.69076.7068
Fibonacci6.62146.63476.64306.65636.66966.67796.6912


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard6.56636.61676.65096.70136.73556.78596.8201
Camarilla6.66186.66966.67746.68516.69296.70066.7084
Woodie6.55826.61276.64286.69736.72746.78196.8120
Fibonacci6.61676.64906.66906.70136.73366.75366.7859


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard6.41826.51056.60766.69996.79706.88936.9864
Camarilla6.65266.67006.68736.70476.72216.73946.7568
Woodie6.42066.51176.61006.70116.79946.89056.9888
Fibonacci6.51056.58296.62766.69996.77236.81706.8893

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): 55.58
MACD (12,26,9): -0.0013
Directional Movement: 3.3633
AROON (14): 57.1429
DEMA (21): 6.6479
Parabolic SAR (0,02-0,02-0,2): 6.6329
Elder Ray (13): 0.0102
Super Trend (3,10): 6.6675
Zig ZAG (10): 6.6603
VORTEX (21): 1.0156
Stochastique (14,3,5): 75.06
TEMA (21): 6.6486
Williams %R (14): -8.68
Chande Momentum Oscillator (20): 0.0121
Repulse (5,40,3): 0.3134
ROCnROLL: -1
TRIX (15,9): -0.0076
Courbe Coppock: 0.01
MA7: 6.6923
MA20: 6.7016
MA50: 6.7347
MA100: 6.8680
MAexp7: 6.6534
MAexp20: 6.6508
MAexp50: 6.6591
MAexp100: 6.6739
Price / MA7: -0.56%
Price / MA20: -0.70%
Price / MA50: -1.18%
Price / MA100: -3.10%
Price / MAexp7: +0.02%
Price / MAexp20: +0.06%
Price / MAexp50: -0.06%
Price / MAexp100: -0.28%

Quotes : 2021-02-10 17:48:49 - Real time data - Forex

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

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Londinia AI

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