CAD/NOK - 1H - Technical analysis published on 09/03/2021 (GMT)
- 249
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 6.8750 NOK
My targets
6.9099 NOK (+0.0168)
6.9512 NOK (+0.0581)
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 6.8750 NOK. The next resistance located at 6.9099 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 6.9512 NOK. After this resistance, buyers could then target 6.9760 NOK.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
5.7
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.
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CAD/NOK rating is 6.8931 NOK. The price registered an increase of +0.07% on the session with the lowest point at 6.8814 NOK and the highest point at 6.9012 NOK. The deviation from the price is +0.17% for the low point and -0.12% for the high point.6.8814
6.9012
6.8931
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
Technical analysis of this 1H chart of CAD/NOK indicates that the overall trend is bullish. 67.86% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 13 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 6.7624 | 6.8268 | 6.8750 | 6.8931 | 6.9099 | 6.9512 | 6.9760 |
| Change (%) | -1.90% | -0.96% | -0.26% | - | +0.24% | +0.84% | +1.20% |
| Change | -0.1307 | -0.0663 | -0.0181 | - | +0.0168 | +0.0581 | +0.0829 |
| Level | Minor | Minor | Major | - | Major | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.8148 | 6.8378 | 6.8630 | 6.8860 | 6.9112 | 6.9342 | 6.9594 |
| Camarilla | 6.8749 | 6.8793 | 6.8837 | 6.8881 | 6.8925 | 6.8969 | 6.9014 |
| Woodie | 6.8158 | 6.8384 | 6.8640 | 6.8866 | 6.9122 | 6.9348 | 6.9604 |
| Fibonacci | 6.8378 | 6.8563 | 6.8676 | 6.8860 | 6.9045 | 6.9158 | 6.9342 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.6988 | 6.8006 | 6.8530 | 6.9548 | 7.0072 | 7.1090 | 7.1614 |
| Camarilla | 6.8629 | 6.8770 | 6.8912 | 6.9053 | 6.9194 | 6.9336 | 6.9477 |
| Woodie | 6.6740 | 6.7883 | 6.8282 | 6.9425 | 6.9824 | 7.0967 | 7.1366 |
| Fibonacci | 6.8006 | 6.8595 | 6.8959 | 6.9548 | 7.0137 | 7.0501 | 7.1090 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.4999 | 6.6787 | 6.7832 | 6.9620 | 7.0665 | 7.2453 | 7.3498 |
| Camarilla | 6.8099 | 6.8359 | 6.8618 | 6.8878 | 6.9138 | 6.9397 | 6.9657 |
| Woodie | 6.4629 | 6.6601 | 6.7462 | 6.9434 | 7.0295 | 7.2267 | 7.3128 |
| Fibonacci | 6.6787 | 6.7869 | 6.8538 | 6.9620 | 7.0702 | 7.1371 | 7.2453 |
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): | 59.18 | |
| MACD (12,26,9): | 0.0014 | |
| Directional Movement: | 2.2685 | |
| AROON (14): | 28.5714 | |
| DEMA (21): | 6.8912 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.8769 | |
| Elder Ray (13): | 0.0055 | |
| Super Trend (3,10): | 6.9079 | |
| Zig ZAG (10): | 6.8947 | |
| VORTEX (21): | 0.9818 | |
| Stochastique (14,3,5): | 73.81 | |
| TEMA (21): | 6.8923 | |
| Williams %R (14): | -39.39 | |
| Chande Momentum Oscillator (20): | 0.0027 | |
| Repulse (5,40,3): | -0.1012 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0002 | |
| Courbe Coppock: | 0.19 |
| MA7: | 6.9009 | |
| MA20: | 6.9999 | |
| MA50: | 7.0068 | |
| MA100: | 6.9182 | |
| MAexp7: | 6.8924 | |
| MAexp20: | 6.8905 | |
| MAexp50: | 6.8904 | |
| MAexp100: | 6.8998 | |
| Price / MA7: | -0.11% | |
| Price / MA20: | -1.53% | |
| Price / MA50: | -1.62% | |
| Price / MA100: | -0.36% | |
| Price / MAexp7: | +0.01% | |
| Price / MAexp20: | +0.04% | |
| Price / MAexp50: | +0.04% | |
| Price / MAexp100: | -0.10% |
Quotes :
-
Real time data
-
Forex
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis CAD/NOK - 1H