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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 09/09/2024 (GMT)

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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
89%
0%
11%
My opinion
Bullish above 7.9258 NOK
My targets
7.9952 NOK (+0.0226)
8.0302 NOK (+0.0576)
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 7.9258 NOK. The next resistance located at 7.9952 NOK is the next bullish objective 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 8.0302 NOK. After this resistance, buyers could then target 8.0778 NOK. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

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
0
10
8.9

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

The CAD/NOK price is 7.9726 NOK. The price has increased by +0.95% since the last closing and was between 7.8908 NOK and 7.9738 NOK. This implies that the price is at +1.04% from its lowest and at -0.02% from its highest.

7.8908
7.9738
7.9726

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Central Gaps

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:
The Central Records scanner for higher/lower results shows the following items:

Central Records

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly


Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly


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. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Central Indicators

Moving Average bullish crossovers : MA50 & MA100

Type : Bullish

Timeframe : 1 hour



In fact, 16 technical indicators on 18 studied are currently 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


Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

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 : 1 hour


Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour


Near resistance of channel

Type : Bearish

Timeframe : 1 hour



The presence of these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:

Central Candlesticks

Bearish doji star

Type : Bearish

Timeframe : 1 hour


Doji

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 7.8744 7.9104 7.9258 7.9726 7.9952 8.0302 8.0778
Change (%) -1.23% -0.78% -0.59% - +0.28% +0.72% +1.32%
Change -0.0982 -0.0622 -0.0468 - +0.0226 +0.0576 +0.1052
Level Major Intermediate Minor - Intermediate Minor Intermediate



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
Standard7.76137.79667.84737.88267.93337.96868.0193
Camarilla7.87437.88217.89007.89797.90587.91377.9216
Woodie7.76897.80057.85497.88657.94097.97258.0269
Fibonacci7.79667.82957.84987.88267.91557.93587.9686


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard7.74847.78947.84377.88477.93907.98008.0343
Camarilla7.87177.88047.88927.89797.90667.91547.9241
Woodie7.75507.79277.85037.88807.94567.98338.0409
Fibonacci7.78947.82587.84837.88477.92117.94367.9800


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard7.39167.54527.70577.85938.01988.17348.3339
Camarilla7.77977.80857.83737.86617.89497.92377.9525
Woodie7.39507.54697.70917.86108.02328.17518.3373
Fibonacci7.54527.66527.73947.85937.97938.05358.1734

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): 78.74
MACD (12,26,9): 0.0151
Directional Movement: 23.4138
AROON (14): 50.0000
DEMA (21): 7.9263
Parabolic SAR (0,02-0,02-0,2): 7.9045
Elder Ray (13): 0.0377
Super Trend (3,10): 7.9053
Zig ZAG (10): 7.9651
VORTEX (21): 1.3155
Stochastique (14,3,5): 89.78
TEMA (21): 7.9369
Williams %R (14): -2.04
Chande Momentum Oscillator (20): 0.0600
Repulse (5,40,3): 0.7518
ROCnROLL: 1
TRIX (15,9): 0.0188
Courbe Coppock: 0.66
MA7: 7.8891
MA20: 7.8196
MA50: 7.8575
MA100: 7.8433
MAexp7: 7.9298
MAexp20: 7.9087
MAexp50: 7.8922
MAexp100: 7.8794
Price / MA7: +1.06%
Price / MA20: +1.96%
Price / MA50: +1.46%
Price / MA100: +1.65%
Price / MAexp7: +0.54%
Price / MAexp20: +0.81%
Price / MAexp50: +1.02%
Price / MAexp100: +1.18%

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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