CAD/NOK - 1H - Technical analysis published on 03/08/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Bullish
Technical indicators
50%
6%
44%
My opinion
Bullish above 6.7487 NOK
My targets
6.7878 NOK (+0.0293)
6.8020 NOK (+0.0435)
My analysis
CAD/NOK is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 6.7487 NOK. The next resistance located at 6.7878 NOK is the next bullish target to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 6.8020 NOK. After this resistance, buyers could then target 6.8255 NOK.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
6.1
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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 6.7585 NOK. On the day, this instrument gained +0.04% with the lowest point at 6.7430 NOK and the highest point at 6.7766 NOK. The deviation from the price is +0.23% for the low point and -0.27% for the high point.6.7430
6.7766
6.7585
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
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:
Technical
A technical analysis in 1H of this CAD/NOK chart shows a bullish trend. The signals returned by the moving averages are 78.57% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
In fact, only 9 technical indicators out of 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
MACD indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
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 over 0
Type : Bullish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 6.6902 | 6.7206 | 6.7487 | 6.7585 | 6.7618 | 6.7878 | 6.8020 |
| Change (%) | -1.01% | -0.56% | -0.15% | - | +0.05% | +0.43% | +0.64% |
| Change | -0.0683 | -0.0379 | -0.0098 | - | +0.0033 | +0.0293 | +0.0435 |
| Level | Major | Intermediate | Major | - | Minor | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 6.6359 | 6.6784 | 6.7170 | 6.7595 | 6.7981 | 6.8406 | 6.8792 |
| Camarilla | 6.7333 | 6.7407 | 6.7482 | 6.7556 | 6.7630 | 6.7705 | 6.7779 |
| Woodie | 6.6340 | 6.6774 | 6.7151 | 6.7585 | 6.7962 | 6.8396 | 6.8773 |
| Fibonacci | 6.6784 | 6.7094 | 6.7285 | 6.7595 | 6.7905 | 6.8096 | 6.8406 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.5608 | 6.6271 | 6.6913 | 6.7576 | 6.8218 | 6.8881 | 6.9523 |
| Camarilla | 6.7197 | 6.7317 | 6.7436 | 6.7556 | 6.7676 | 6.7795 | 6.7915 |
| Woodie | 6.5599 | 6.6266 | 6.6904 | 6.7571 | 6.8209 | 6.8876 | 6.9514 |
| Fibonacci | 6.6271 | 6.6769 | 6.7077 | 6.7576 | 6.8074 | 6.8382 | 6.8881 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.4539 | 6.5328 | 6.6678 | 6.7467 | 6.8817 | 6.9606 | 7.0956 |
| Camarilla | 6.7441 | 6.7637 | 6.7833 | 6.8029 | 6.8225 | 6.8421 | 6.8617 |
| Woodie | 6.4821 | 6.5468 | 6.6960 | 6.7607 | 6.9099 | 6.9746 | 7.1238 |
| Fibonacci | 6.5328 | 6.6145 | 6.6650 | 6.7467 | 6.8284 | 6.8789 | 6.9606 |
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): | 52.09 | |
| MACD (12,26,9): | -0.0015 | |
| Directional Movement: | 7.7502 | |
| AROON (14): | 35.7142 | |
| DEMA (21): | 6.7514 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.7448 | |
| Elder Ray (13): | 0.0028 | |
| Super Trend (3,10): | 6.7847 | |
| Zig ZAG (10): | 6.7589 | |
| VORTEX (21): | 1.0428 | |
| Stochastique (14,3,5): | 35.98 | |
| TEMA (21): | 6.7483 | |
| Williams %R (14): | -48.94 | |
| Chande Momentum Oscillator (20): | 0.0123 | |
| Repulse (5,40,3): | 0.1575 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0052 | |
| Courbe Coppock: | 0.01 |
| MA7: | 6.7545 | |
| MA20: | 6.7108 | |
| MA50: | 6.7017 | |
| MA100: | 6.8111 | |
| MAexp7: | 6.7504 | |
| MAexp20: | 6.7530 | |
| MAexp50: | 6.7517 | |
| MAexp100: | 6.7482 | |
| Price / MA7: | +0.06% | |
| Price / MA20: | +0.71% | |
| Price / MA50: | +0.85% | |
| Price / MA100: | -0.77% | |
| Price / MAexp7: | +0.12% | |
| Price / MAexp20: | +0.08% | |
| Price / MAexp50: | +0.10% | |
| Price / MAexp100: | +0.15% |
Quotes :
2021-03-08 07:49:37
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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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