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CAD/NOK
CAD NOK
- NOK (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: CADNOK
ISIN:

CAD/NOK - 1H - Technical analysis published on 11/30/2023 (GMT)

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Londinia
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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 7.8757 NOK
My targets
7.9735 NOK (+0.0358)
8.0367 NOK (+0.0990)
My analysis
The bullish trend is currently very strong on CAD/NOK. As long as the price remains above the support at 7.8757 NOK, you could try to benefit from the boom. The first bullish objective is located at 7.9735 NOK. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 8.0367 NOK as an objective. Crossing it would then enable buyers to target 8.1253 NOK. 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
8.8

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.

Londinia
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

CAD/NOK rating 7.9377 NOK. The price has increased by +1.25% since the last closing and was traded between 7.8339 NOK and 7.9700 NOK over the period. The price is currently at +1.33% from its lowest and -0.41% from its highest.

7.8339
7.9700
7.9377

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of CAD/NOK in 1H shows a strongly overall bullish trend. 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 scanner does not detect any result on moving averages that would impact this trend.

In fact, 15 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour


CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

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

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly


Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 1 hour



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Central Patterns

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour



For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:

Central Candlesticks

Bearish harami

Type : Bearish

Timeframe : 1 hour


Bearish harami cross

Type : Bearish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 7.8527 7.8757 7.9366 7.9377 8.0367 8.1253 8.1980
Change (%) -1.07% -0.78% -0.01% - +1.25% +2.36% +3.28%
Change -0.0850 -0.0620 -0.0011 - +0.0990 +0.1876 +0.2603
Level Minor Major Intermediate - Minor 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
Standard7.75167.78137.81047.84017.86927.89897.9280
Camarilla7.82347.82887.83427.83967.84507.85047.8558
Woodie7.75147.78127.81027.84007.86907.89887.9278
Fibonacci7.78137.80377.81767.84017.86257.87647.8989


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard7.64257.69737.78067.83547.91877.97358.0568
Camarilla7.82607.83877.85137.86407.87677.88937.9020
Woodie7.65697.70447.79507.84257.93317.98068.0712
Fibonacci7.69737.75007.78267.83547.88817.92077.9735


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard7.58337.71947.88638.02248.18938.32548.4923
Camarilla7.97007.99788.02558.05338.08118.10898.1366
Woodie7.59887.72717.90188.03018.20488.33318.5078
Fibonacci7.71947.83517.90668.02248.13818.20968.3254

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): 72.98
MACD (12,26,9): 0.0252
Directional Movement: 29.8553
AROON (14): 64.2857
DEMA (21): 7.9180
Parabolic SAR (0,02-0,02-0,2): 7.9137
Elder Ray (13): 0.0365
Super Trend (3,10): 7.8777
Zig ZAG (10): 7.9403
VORTEX (21): 1.2587
Stochastique (14,3,5): 74.71
TEMA (21): 7.9355
Williams %R (14): -23.08
Chande Momentum Oscillator (20): 0.0989
Repulse (5,40,3): 0.2489
ROCnROLL: 1
TRIX (15,9): 0.0298
Courbe Coppock: 1.99
MA7: 7.8567
MA20: 7.9420
MA50: 7.9892
MA100: 7.8853
MAexp7: 7.9213
MAexp20: 7.8890
MAexp50: 7.8636
MAexp100: 7.8538
Price / MA7: +1.03%
Price / MA20: -0.05%
Price / MA50: -0.64%
Price / MA100: +0.66%
Price / MAexp7: +0.20%
Price / MAexp20: +0.61%
Price / MAexp50: +0.94%
Price / MAexp100: +1.07%

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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Londinia
Londinia AI

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