CAD/NOK - 1H - Technical analysis published on 05/29/2023 (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:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
67%
0%
33%
My opinion
Bullish above 8.1254 NOK
My targets
8.1980 NOK (+0.0551)
My analysis
The bullish trend is currently very strong on CAD/NOK. As long as the price remains above the support at 8.1254 NOK, you could try to benefit from the boom. The first bullish objective is located at 8.1980 NOK. The bullish momentum would be boosted by a break in this resistance. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8.2
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CAD/NOK price is 8.1429 NOK. The price registered an increase of +0.00% on the session and was traded between 8.1415 NOK and 8.1442 NOK over the period. The price is currently at +0.02% from its lowest and -0.02% from its highest.8.1415
8.1442
8.1429
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of CAD/NOK indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The probability of a further increase are moderate given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 8.0203 | 8.0491 | 8.1254 | 8.1429 | 8.1494 | 8.1980 |
| Change (%) | -1.51% | -1.15% | -0.21% | - | +0.08% | +0.68% |
| Change | -0.1226 | -0.0938 | -0.0175 | - | +0.0065 | +0.0551 |
| Level | Intermediate | Intermediate | Intermediate | - | Intermediate | Major |
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 | 8.0990 | 8.1152 | 8.1291 | 8.1453 | 8.1592 | 8.1754 | 8.1893 |
| Camarilla | 8.1347 | 8.1375 | 8.1402 | 8.1430 | 8.1458 | 8.1485 | 8.1513 |
| Woodie | 8.0979 | 8.1146 | 8.1280 | 8.1447 | 8.1581 | 8.1748 | 8.1882 |
| Fibonacci | 8.1152 | 8.1267 | 8.1338 | 8.1453 | 8.1568 | 8.1639 | 8.1754 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.9277 | 7.9734 | 8.0611 | 8.1068 | 8.1945 | 8.2402 | 8.3279 |
| Camarilla | 8.1120 | 8.1242 | 8.1365 | 8.1487 | 8.1609 | 8.1732 | 8.1854 |
| Woodie | 7.9486 | 7.9839 | 8.0820 | 8.1173 | 8.2154 | 8.2507 | 8.3488 |
| Fibonacci | 7.9734 | 8.0244 | 8.0559 | 8.1068 | 8.1578 | 8.1893 | 8.2402 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.4341 | 7.5340 | 7.6968 | 7.7967 | 7.9595 | 8.0594 | 8.2222 |
| Camarilla | 7.7875 | 7.8115 | 7.8356 | 7.8597 | 7.8838 | 7.9079 | 7.9319 |
| Woodie | 7.4657 | 7.5497 | 7.7284 | 7.8124 | 7.9911 | 8.0751 | 8.2538 |
| Fibonacci | 7.5340 | 7.6343 | 7.6963 | 7.7967 | 7.8970 | 7.9590 | 8.0594 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 62.28 | |
| MACD (12,26,9): | 0.0135 | |
| Directional Movement: | 8.2854 | |
| AROON (14): | 64.2857 | |
| DEMA (21): | 8.1428 | |
| Parabolic SAR (0,02-0,02-0,2): | 8.1269 | |
| Elder Ray (13): | 0.0098 | |
| Super Trend (3,10): | 8.1011 | |
| Zig ZAG (10): | 8.1424 | |
| VORTEX (21): | 1.1266 | |
| Stochastique (14,3,5): | 78.09 | |
| TEMA (21): | 8.1498 | |
| Williams %R (14): | -21.06 | |
| Chande Momentum Oscillator (20): | 0.0439 | |
| Repulse (5,40,3): | 0.0054 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0210 | |
| Courbe Coppock: | 1.27 |
| MA7: | 8.1016 | |
| MA20: | 7.9831 | |
| MA50: | 7.8453 | |
| MA100: | 7.7104 | |
| MAexp7: | 8.1406 | |
| MAexp20: | 8.1259 | |
| MAexp50: | 8.1089 | |
| MAexp100: | 8.0922 | |
| Price / MA7: | +0.51% | |
| Price / MA20: | +2.00% | |
| Price / MA50: | +3.79% | |
| Price / MA100: | +5.61% | |
| Price / MAexp7: | +0.03% | |
| Price / MAexp20: | +0.21% | |
| Price / MAexp50: | +0.42% | |
| Price / MAexp100: | +0.63% |
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.
About author
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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…
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