CAD/NOK - 1H - Technical analysis published on 10/12/2021 (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 bearish
Underlying:
Slightly bullish
Technical indicators
28%
44%
28%
My opinion
Bearish under 6.8544 NOK
My targets
6.8262 NOK (-0.0204)
6.7896 NOK (-0.0570)
My analysis
The strong short-term decline in CAD/NOK calls into question the currently slightly bullish basic trend. A trend reversal is likely. As long as the price remains below the resistance located at 6.8544 NOK, one could consider taking advantage of the short-term movement. The first bearish objective is located at 6.8262 NOK. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 6.7896 NOK as an objective. Crossing it would then enable sellers to target 6.7733 NOK. Be careful, a return to above 6.8544 NOK could jeopardize the reversal.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
1.1
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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 6.8466 NOK. The price is lower by -0.46% since the last closing and was between 6.8449 NOK and 6.8835 NOK. This implies that the price is at +0.02% from its lowest and at -0.54% from its highest.6.8449
6.8835
6.8466
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
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 slightly bullish. 53.57% of the signals given by moving averages are bullish. Caution: the strong bearish signals currently being given by short-term moving averages indicate that this slightly bullish trend could be reversed. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : 1 hour
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
RSI 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:
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, 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 | 6.7733 | 6.7896 | 6.8262 | 6.8466 | 6.8544 | 6.8804 | 6.9122 |
| Change (%) | -1.07% | -0.83% | -0.30% | - | +0.11% | +0.49% | +0.96% |
| Change | -0.0733 | -0.0570 | -0.0204 | - | +0.0078 | +0.0338 | +0.0656 |
| Level | Major | Minor | Intermediate | - | Intermediate | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 6.7907 | 6.8110 | 6.8448 | 6.8651 | 6.8989 | 6.9192 | 6.9530 |
| Camarilla | 6.8636 | 6.8686 | 6.8735 | 6.8785 | 6.8835 | 6.8884 | 6.8934 |
| Woodie | 6.7974 | 6.8144 | 6.8515 | 6.8685 | 6.9056 | 6.9226 | 6.9597 |
| Fibonacci | 6.8110 | 6.8317 | 6.8445 | 6.8651 | 6.8858 | 6.8986 | 6.9192 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.6930 | 6.7314 | 6.7869 | 6.8253 | 6.8808 | 6.9192 | 6.9747 |
| Camarilla | 6.8165 | 6.8251 | 6.8337 | 6.8423 | 6.8509 | 6.8595 | 6.8681 |
| Woodie | 6.7015 | 6.7357 | 6.7954 | 6.8296 | 6.8893 | 6.9235 | 6.9832 |
| Fibonacci | 6.7314 | 6.7673 | 6.7895 | 6.8253 | 6.8612 | 6.8834 | 6.9192 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.5888 | 6.6653 | 6.7833 | 6.8598 | 6.9778 | 7.0543 | 7.1723 |
| Camarilla | 6.8477 | 6.8655 | 6.8834 | 6.9012 | 6.9190 | 6.9369 | 6.9547 |
| Woodie | 6.6095 | 6.6757 | 6.8040 | 6.8702 | 6.9985 | 7.0647 | 7.1930 |
| Fibonacci | 6.6653 | 6.7396 | 6.7855 | 6.8598 | 6.9341 | 6.9800 | 7.0543 |
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): | 45.46 | |
| MACD (12,26,9): | -0.0005 | |
| Directional Movement: | -3.3043 | |
| AROON (14): | -78.5714 | |
| DEMA (21): | 6.8653 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.8738 | |
| Elder Ray (13): | -0.0054 | |
| Super Trend (3,10): | 6.8082 | |
| Zig ZAG (10): | 6.8490 | |
| VORTEX (21): | 0.9924 | |
| Stochastique (14,3,5): | 66.73 | |
| TEMA (21): | 6.8603 | |
| Williams %R (14): | -48.29 | |
| Chande Momentum Oscillator (20): | -0.0248 | |
| Repulse (5,40,3): | -0.1463 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0054 | |
| Courbe Coppock: | 0.46 |
| MA7: | 6.8299 | |
| MA20: | 6.8197 | |
| MA50: | 6.9113 | |
| MA100: | 6.9320 | |
| MAexp7: | 6.8569 | |
| MAexp20: | 6.8639 | |
| MAexp50: | 6.8571 | |
| MAexp100: | 6.8466 | |
| Price / MA7: | +0.24% | |
| Price / MA20: | +0.39% | |
| Price / MA50: | -0.94% | |
| Price / MA100: | -1.23% | |
| Price / MAexp7: | -0.15% | |
| Price / MAexp20: | -0.25% | |
| Price / MAexp50: | -0.15% | |
| Price / MAexp100: | -0% |
Quotes :
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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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