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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 03/29/2021 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Court terme: Strongly bearish
De fond: Strongly bearish
Technical indicators
39%
28%
33%
My opinion
Bearish under 6.8339 NOK
My targets
6.8029 NOK (-0.0085)
6.7820 NOK (-0.0294)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on CAD/NOK as long as the price remains well below 6.8339 NOK. The sellers” bearish objective is set at 6.8029 NOK. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 6.7820 NOK. In case of crossing, the next objective would be the support located at 6.7715 NOK. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
4.6

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 rating is 6.8114 NOK. The price registered an increase of +0.06% on the session and was between 6.7996 NOK and 6.8399 NOK. This implies that the price is at +0.17% from its lowest and at -0.42% from its highest.

6.7996
6.8399
6.8114

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



Here is a more detailed summary of the historical variations registered by CAD/NOK:

Technical


Technical analysis of CAD/NOK in 1H shows a overall strongly bearish trend. 82.14% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:

Central Indicators

Bearish price crossover with 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 on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour


CCI indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour


MACD indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour


MACD indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour


RSI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour

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

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour


Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly


Pivot points : price is under support 1

Type : Neutral

Timeframe : 1 hour


Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly


RSI indicator is back under 50

Type : Bearish

Timeframe : 1 hour


Momentum indicator is back under 0

Type : Bearish

Timeframe : 1 hour



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Central Patterns

Near horizontal support

Type : Bullish

Timeframe : 1 hour


Near support of triangle

Type : Bullish

Timeframe : 1 hour


Support of channel 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 6.7715 6.7820 6.8029 6.8114 6.8339 6.8711 6.8894
Change (%) -0.59% -0.43% -0.12% - +0.33% +0.88% +1.15%
Change -0.0399 -0.0294 -0.0085 - +0.0225 +0.0597 +0.0780
Level Major Minor Major - Minor Major Minor



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
Standard6.75376.77676.79406.81706.83436.85736.8746
Camarilla6.80036.80406.80776.81146.81516.81886.8225
Woodie6.75106.77536.79136.81566.83166.85596.8719
Fibonacci6.77676.79216.80166.81706.83246.84196.8573


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard6.63766.70446.75596.82276.87426.94106.9925
Camarilla6.77506.78586.79676.80756.81836.82926.8400
Woodie6.63016.70066.74846.81896.86676.93726.9850
Fibonacci6.70446.74966.77756.82276.86796.89586.9410


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard6.45396.53286.66786.74676.88176.96067.0956
Camarilla6.74416.76376.78336.80296.82256.84216.8617
Woodie6.48216.54686.69606.76076.90996.97467.1238
Fibonacci6.53286.61456.66506.74676.82846.87896.9606

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): 44.68
MACD (12,26,9): -0.0055
Directional Movement: -7.0636
AROON (14): -35.7143
DEMA (21): 6.8106
Parabolic SAR (0,02-0,02-0,2): 6.8297
Elder Ray (13): -0.0096
Super Trend (3,10): 6.7671
Zig ZAG (10): 6.8054
VORTEX (21): 0.8435
Stochastique (14,3,5): 71.11
TEMA (21): 6.8089
Williams %R (14): -37.85
Chande Momentum Oscillator (20): -0.0239
Repulse (5,40,3): -0.1718
ROCnROLL: 2
TRIX (15,9): -0.0130
Courbe Coppock: 0.21
MA7: 6.8280
MA20: 6.7771
MA50: 6.7318
MA100: 6.7677
MAexp7: 6.8144
MAexp20: 6.8188
MAexp50: 6.8270
MAexp100: 6.8290
Price / MA7: -0.24%
Price / MA20: +0.51%
Price / MA50: +1.18%
Price / MA100: +0.65%
Price / MAexp7: -0.04%
Price / MAexp20: -0.11%
Price / MAexp50: -0.23%
Price / MAexp100: -0.26%

Quotes : 2021-03-29 07:29:58 - 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
Londinia AI

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