CAD/NOK

- NOK (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Forex
Ticker:	CADNOK
ISIN:

CAD/NOK - Daily - Technical analysis published on 11/15/2021 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

89%

11%

My opinion

Bullish above 6.8768 NOK

My targets

7.0158 NOK (+0.0819)

7.0676 NOK (+0.1337)

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 6.8768 NOK. The next resistance located at 7.0158 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 7.0676 NOK. After this resistance, buyers could then target 7.1294 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

7.5

Comment on the analysis

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 price is 6.9339 NOK. The price has increased by +0.14% since the last closing and was between 6.9202 NOK and 6.9396 NOK. This implies that the price is at +0.20% from its lowest and at -0.08% from its highest.

6.9202

6.9396

6.9339

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

Technical

Technical analysis of this Daily chart of CAD/NOK indicates that the overall trend is bullish. 78.57% 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 scanner detects bullish signals on moving averages that could impact this trend:

Bullish trend reversal : Moving Average 100

Type : Bullish

Timeframe : Daily

Bullish price crossover with Moving Average 100

Type : Bullish

Timeframe : Daily

The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

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

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Near resistance of channel

Type : Bearish

Timeframe : Daily

The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:

Bullish harami

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	6.6853	6.7751	6.8768	6.9339	6.9501	7.0158	7.0676
Change (%)	-3.59%	-2.29%	-0.82%	-	+0.23%	+1.18%	+1.93%
Change	-0.2486	-0.1588	-0.0571	-	+0.0162	+0.0819	+0.1337
Level	Minor	Minor	Major	-	Intermediate	Minor	Minor

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	6.8476	6.8664	6.8953	6.9141	6.9430	6.9618	6.9907
Camarilla	6.9111	6.9155	6.9198	6.9242	6.9286	6.9330	6.9373
Woodie	6.8527	6.8689	6.9004	6.9166	6.9481	6.9643	6.9958
Fibonacci	6.8664	6.8846	6.8959	6.9141	6.9323	6.9436	6.9618

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	6.7245	6.7686	6.8464	6.8905	6.9683	7.0124	7.0902
Camarilla	6.8907	6.9019	6.9130	6.9242	6.9354	6.9466	6.9577
Woodie	6.7414	6.7770	6.8633	6.8989	6.9852	7.0208	7.1071
Fibonacci	6.7686	6.8152	6.8439	6.8905	6.9371	6.9658	7.0124

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	6.5556	6.6424	6.7304	6.8172	6.9052	6.9920	7.0800
Camarilla	6.7703	6.7864	6.8024	6.8184	6.8344	6.8505	6.8665
Woodie	6.5562	6.6427	6.7310	6.8175	6.9058	6.9923	7.0806
Fibonacci	6.6424	6.7092	6.7504	6.8172	6.8840	6.9252	6.9920

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):	61.00
MACD (12,26,9):	0.0244
Directional Movement:	9.9732
AROON (14):	78.5714
DEMA (21):	6.8787
Parabolic SAR (0,02-0,02-0,2):	6.8402
Elder Ray (13):	0.0566
Super Trend (3,10):	6.7667
Zig ZAG (10):	6.9267
VORTEX (21):	1.1102
Stochastique (14,3,5):	91.09
TEMA (21):	6.9134
Williams %R (14):	-3.43
Chande Momentum Oscillator (20):	0.1804
Repulse (5,40,3):	0.6343
ROCnROLL:	1
TRIX (15,9):	0.0212
Courbe Coppock:	3.71

MA7:	6.8897
MA20:	6.8263
MA50:	6.8251
MA100:	6.9162
MAexp7:	6.8960
MAexp20:	6.8550
MAexp50:	6.8536
MAexp100:	6.8683
Price / MA7:	+0.64%
Price / MA20:	+1.58%
Price / MA50:	+1.59%
Price / MA100:	+0.26%
Price / MAexp7:	+0.55%
Price / MAexp20:	+1.15%
Price / MAexp50:	+1.17%
Price / MAexp100:	+0.96%

Quotes : - Real time data - Forex

This member declared not having a position on this financial instrument or a related financial instrument.

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