CAD/NOK - 1H - Technical analysis published on 06/09/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
39%
33%
28%
My opinion
Bearish under 6.8528 NOK
My targets
6.8162 NOK (-0.0162)
6.8041 NOK (-0.0283)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 6.8528 NOK remains possible. It is advisable to trade CAD/NOK with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 6.8528 NOK. The next bearish objective for sellers is set at 6.8162 NOK. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 6.8041 NOK. In case of crossing, the next objective would be the support located at 6.6872 NOK. PS: if there is a bullish break in the resistance located at 6.8528 NOK we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
2.3
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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
CAD/NOK rating 6.8324 NOK. On the day, this instrument gained +0.09% with the lowest point at 6.8168 NOK and the highest point at 6.8399 NOK. The deviation from the price is +0.23% for the low point and -0.11% for the high point.6.8168
6.8399
6.8324
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of CAD/NOK in 1H shows an overall bearish trend. 71.43% 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 a bearish signal that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
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
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Horizontal resistance is broken
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
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 6.8041 | 6.8162 | 6.8315 | 6.8324 | 6.8528 | 6.8783 | 6.9311 |
| Change (%) | -0.41% | -0.24% | -0.01% | - | +0.30% | +0.67% | +1.44% |
| Change | -0.0283 | -0.0162 | -0.0009 | - | +0.0204 | +0.0459 | +0.0987 |
| Level | Minor | Intermediate | Minor | - | Intermediate | Major | Intermediate |
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 |
|---|---|---|---|---|---|---|---|
| Standard | 6.7729 | 6.7941 | 6.8103 | 6.8315 | 6.8477 | 6.8689 | 6.8851 |
| Camarilla | 6.8163 | 6.8197 | 6.8232 | 6.8266 | 6.8300 | 6.8335 | 6.8369 |
| Woodie | 6.7705 | 6.7929 | 6.8079 | 6.8303 | 6.8453 | 6.8677 | 6.8827 |
| Fibonacci | 6.7941 | 6.8084 | 6.8172 | 6.8315 | 6.8458 | 6.8546 | 6.8689 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.7359 | 6.7944 | 6.8338 | 6.8923 | 6.9317 | 6.9902 | 7.0296 |
| Camarilla | 6.8463 | 6.8553 | 6.8642 | 6.8732 | 6.8822 | 6.8912 | 6.9001 |
| Woodie | 6.7264 | 6.7896 | 6.8243 | 6.8875 | 6.9222 | 6.9854 | 7.0201 |
| Fibonacci | 6.7944 | 6.8318 | 6.8549 | 6.8923 | 6.9297 | 6.9528 | 6.9902 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.5349 | 6.6369 | 6.7631 | 6.8651 | 6.9913 | 7.0933 | 7.2195 |
| Camarilla | 6.8267 | 6.8476 | 6.8685 | 6.8894 | 6.9103 | 6.9312 | 6.9522 |
| Woodie | 6.5471 | 6.6430 | 6.7753 | 6.8712 | 7.0035 | 7.0994 | 7.2317 |
| Fibonacci | 6.6369 | 6.7240 | 6.7779 | 6.8651 | 6.9522 | 7.0061 | 7.0933 |
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): | 44.15 | |
| MACD (12,26,9): | -0.0022 | |
| Directional Movement: | -7.1654 | |
| AROON (14): | 14.2857 | |
| DEMA (21): | 6.8246 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.8203 | |
| Elder Ray (13): | -0.0019 | |
| Super Trend (3,10): | 6.8468 | |
| Zig ZAG (10): | 6.8249 | |
| VORTEX (21): | 0.9852 | |
| Stochastique (14,3,5): | 48.60 | |
| TEMA (21): | 6.8283 | |
| Williams %R (14): | -53.25 | |
| Chande Momentum Oscillator (20): | -0.0021 | |
| Repulse (5,40,3): | -0.0382 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0066 | |
| Courbe Coppock: | 0.03 |
| MA7: | 6.8669 | |
| MA20: | 6.8766 | |
| MA50: | 6.7927 | |
| MA100: | 6.7637 | |
| MAexp7: | 6.8278 | |
| MAexp20: | 6.8290 | |
| MAexp50: | 6.8386 | |
| MAexp100: | 6.8549 | |
| Price / MA7: | -0.50% | |
| Price / MA20: | -0.64% | |
| Price / MA50: | +0.58% | |
| Price / MA100: | +1.02% | |
| Price / MAexp7: | +0.07% | |
| Price / MAexp20: | +0.05% | |
| Price / MAexp50: | -0.09% | |
| Price / MAexp100: | -0.33% |
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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