CAD/NOK - 1H - Technical analysis published on 12/17/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bearish
Technical indicators
39%
22%
39%
My opinion
Bearish under 7.0603 NOK
My targets
7.0159 NOK (-0.0196)
6.9912 NOK (-0.0443)
My analysis
In a bearish trend, the price of CAD/NOK tries to inflate a little with a slight short-term rebound. At this stage, no trend reversal is in sight. Globally, sellers have the upper hand. Traders may allow themselves to trade short positions (for sale) as long as the price remains below the resistance located at 7.0603 NOK. A bearish break in the support located at 7.0159 NOK would revive the bearish momentum and fuel the basic trend. Then the price could move towards 6.9912 NOK. Then 6.9501 NOK by extension. It would be safer to wait for a bearish break in the support located at 7.0159 NOK before allowing yourself to re trade short positions (for sale) on CAD/NOK. PS: if there is a bullish break in the resistance located at 7.0603 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.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
1.6
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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 7.0355 NOK. On the day, this instrument gained +0.01% and was traded between 7.0182 NOK and 7.0403 NOK over the period. The price is currently at +0.25% from its lowest and -0.07% from its highest.7.0182
7.0403
7.0355
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
Here is a more detailed summary of the historical variations registered by CAD/NOK:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of CAD/NOK indicates that the overall trend is bearish. 71.43% of the signals given by moving averages are bearish. Caution: the slightly bullish signals currently given by short-term moving averages show a possible weakening of the global trend. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
The Central Indicators scanner found this result concerning these indicators:
Aroon indicator bearish trend
Type : Bearish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
Near support of channel
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 6.9501 | 6.9912 | 7.0159 | 7.0355 | 7.0603 | 7.1016 | 7.1503 |
| Change (%) | -1.21% | -0.63% | -0.28% | - | +0.35% | +0.94% | +1.63% |
| Change | -0.0854 | -0.0443 | -0.0196 | - | +0.0248 | +0.0661 | +0.1148 |
| Level | Minor | Intermediate | Major | - | Intermediate | Major | Intermediate |
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 | 6.9298 | 6.9611 | 6.9978 | 7.0291 | 7.0658 | 7.0971 | 7.1338 |
| Camarilla | 7.0158 | 7.0220 | 7.0283 | 7.0345 | 7.0407 | 7.0470 | 7.0532 |
| Woodie | 6.9325 | 6.9625 | 7.0005 | 7.0305 | 7.0685 | 7.0985 | 7.1365 |
| Fibonacci | 6.9611 | 6.9871 | 7.0031 | 7.0291 | 7.0551 | 7.0711 | 7.0971 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.8071 | 6.9067 | 6.9705 | 7.0701 | 7.1339 | 7.2335 | 7.2973 |
| Camarilla | 6.9893 | 7.0042 | 7.0192 | 7.0342 | 7.0492 | 7.0642 | 7.0791 |
| Woodie | 6.7891 | 6.8978 | 6.9525 | 7.0612 | 7.1159 | 7.2246 | 7.2793 |
| Fibonacci | 6.9067 | 6.9692 | 7.0077 | 7.0701 | 7.1326 | 7.1711 | 7.2335 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.4939 | 6.6354 | 6.8617 | 7.0032 | 7.2295 | 7.3710 | 7.5973 |
| Camarilla | 6.9869 | 7.0206 | 7.0543 | 7.0880 | 7.1217 | 7.1554 | 7.1892 |
| Woodie | 6.5363 | 6.6566 | 6.9041 | 7.0244 | 7.2719 | 7.3922 | 7.6397 |
| Fibonacci | 6.6354 | 6.7759 | 6.8627 | 7.0032 | 7.1437 | 7.2305 | 7.3710 |
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): | 49.83 | |
| MACD (12,26,9): | -0.0014 | |
| Directional Movement: | -7.8835 | |
| AROON (14): | -21.4286 | |
| DEMA (21): | 7.0276 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.0376 | |
| Elder Ray (13): | 0.0008 | |
| Super Trend (3,10): | 7.0655 | |
| Zig ZAG (10): | 7.0296 | |
| VORTEX (21): | 1.0837 | |
| Stochastique (14,3,5): | 39.94 | |
| TEMA (21): | 7.0296 | |
| Williams %R (14): | -51.40 | |
| Chande Momentum Oscillator (20): | -0.0031 | |
| Repulse (5,40,3): | 0.0085 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0020 | |
| Courbe Coppock: | 0.00 |
| MA7: | 7.0475 | |
| MA20: | 7.0715 | |
| MA50: | 6.9390 | |
| MA100: | 6.9288 | |
| MAexp7: | 7.0297 | |
| MAexp20: | 7.0294 | |
| MAexp50: | 7.0364 | |
| MAexp100: | 7.0471 | |
| Price / MA7: | -0.17% | |
| Price / MA20: | -0.51% | |
| Price / MA50: | +1.39% | |
| Price / MA100: | +1.54% | |
| Price / MAexp7: | +0.08% | |
| Price / MAexp20: | +0.09% | |
| Price / MAexp50: | -0.01% | |
| Price / MAexp100: | -0.16% |
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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