CAD/NOK - 1H - Technical analysis published on 05/17/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 6.8226 NOK
My targets
6.8804 NOK (+0.0314)
6.9334 NOK (+0.0844)
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 6.8226 NOK. The next resistance located at 6.8804 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 6.9334 NOK. After this resistance, buyers could then target 7.0226 NOK.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
6.3
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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
The CAD/NOK price is 6.8490 NOK. The price has increased by +0.78% since the last closing and was traded between 6.7839 NOK and 6.8570 NOK over the period. The price is currently at +0.96% from its lowest and -0.12% from its highest.6.7839
6.8570
6.8490
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by CAD/NOK:
Technical
A technical analysis in 1H of this CAD/NOK chart shows a bullish trend. The signals returned by the moving averages are 64.29% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 17 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 6.7914 | 6.8226 | 6.8449 | 6.8490 | 6.8804 | 6.9334 | 7.0226 |
| Change (%) | -0.84% | -0.39% | -0.06% | - | +0.46% | +1.23% | +2.53% |
| Change | -0.0576 | -0.0264 | -0.0041 | - | +0.0314 | +0.0844 | +0.1736 |
| Level | Minor | Minor | Intermediate | - | Major | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.6802 | 6.7344 | 6.7652 | 6.8194 | 6.8502 | 6.9044 | 6.9352 |
| Camarilla | 6.7726 | 6.7804 | 6.7882 | 6.7960 | 6.8038 | 6.8116 | 6.8194 |
| Woodie | 6.6685 | 6.7286 | 6.7535 | 6.8136 | 6.8385 | 6.8986 | 6.9235 |
| Fibonacci | 6.7344 | 6.7669 | 6.7869 | 6.8194 | 6.8519 | 6.8719 | 6.9044 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.5608 | 6.6628 | 6.7294 | 6.8314 | 6.8980 | 7.0000 | 7.0666 |
| Camarilla | 6.7496 | 6.7651 | 6.7806 | 6.7960 | 6.8115 | 6.8269 | 6.8424 |
| Woodie | 6.5431 | 6.6540 | 6.7117 | 6.8226 | 6.8803 | 6.9912 | 7.0489 |
| Fibonacci | 6.6628 | 6.7272 | 6.7670 | 6.8314 | 6.8958 | 6.9356 | 7.0000 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.4207 | 6.5099 | 6.6396 | 6.7288 | 6.8585 | 6.9477 | 7.0774 |
| Camarilla | 6.7090 | 6.7291 | 6.7491 | 6.7692 | 6.7893 | 6.8093 | 6.8294 |
| Woodie | 6.4409 | 6.5200 | 6.6598 | 6.7389 | 6.8787 | 6.9578 | 7.0976 |
| Fibonacci | 6.5099 | 6.5936 | 6.6452 | 6.7288 | 6.8125 | 6.8641 | 6.9477 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 67.14 | |
| MACD (12,26,9): | 0.0068 | |
| Directional Movement: | 18.0625 | |
| AROON (14): | 85.7143 | |
| DEMA (21): | 6.8293 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.8308 | |
| Elder Ray (13): | 0.0237 | |
| Super Trend (3,10): | 6.8121 | |
| Zig ZAG (10): | 6.8498 | |
| VORTEX (21): | 1.1980 | |
| Stochastique (14,3,5): | 93.77 | |
| TEMA (21): | 6.8391 | |
| Williams %R (14): | -7.51 | |
| Chande Momentum Oscillator (20): | 0.0540 | |
| Repulse (5,40,3): | 0.2778 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0062 | |
| Courbe Coppock: | 1.19 |
| MA7: | 6.8345 | |
| MA20: | 6.7534 | |
| MA50: | 6.7602 | |
| MA100: | 6.7308 | |
| MAexp7: | 6.8408 | |
| MAexp20: | 6.8244 | |
| MAexp50: | 6.8290 | |
| MAexp100: | 6.8330 | |
| Price / MA7: | +0.21% | |
| Price / MA20: | +1.42% | |
| Price / MA50: | +1.31% | |
| Price / MA100: | +1.76% | |
| Price / MAexp7: | +0.12% | |
| Price / MAexp20: | +0.36% | |
| Price / MAexp50: | +0.29% | |
| Price / MAexp100: | +0.23% |
Quotes :
-
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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