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 02/05/2025 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Bullish
Underlying: Bullish
Technical indicators
22%
44%
33%
My opinion
Bullish above 7.8382 NOK
My targets
7.8584 NOK (+0.0122)
7.8744 NOK (+0.0282)
My analysis
All elements being rather bullish, it would be possible for traders to only trade long positions (at the time of purchase) on CAD/NOK as long as the price remains well above 7.8382 NOK. The buyers' bullish objective is set at 7.8584 NOK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 7.8744 NOK. If there is any crossing, the next objective would be the resistance located at 7.8909 NOK. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bullish, basic trend. If you have another key point closer to the current price, it would be better to only trade long positions (at the time of purchase) above that key point.

In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
3.2

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

Additional analysis

Quotes

The CAD/NOK price is 7.8462 NOK. On the day, this instrument lost -0.01% and was traded between 7.8297 NOK and 7.8593 NOK over the period. The price is currently at +0.21% from its lowest and -0.17% from its highest.

7.8297
7.8593
7.8462

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

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 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 this 1H chart of CAD/NOK indicates that the overall trend is bullish. The signals given by moving averages are 78.57% bullish. This bullish trend is slowing down slightly given the slightly bullish signals of short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:

Central Indicators

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : 1 hour


Bullish trend reversal : adaptative moving average 50

Type : Bullish

Timeframe : 1 hour


Bullish trend reversal : adaptative moving average 100

Type : Bullish

Timeframe : 1 hour



On the 18 technical indicators analysed, 4 are bullish, 6 are neutral and 8 are bearish. 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


Ichimoku : price is over the cloud

Type : Bullish

Timeframe : 1 hour



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Central Patterns

Near horizontal support

Type : Bullish

Timeframe : 1 hour


Support of channel is broken

Type : Bearish

Timeframe : 1 hour



Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:

Central Candlesticks

Doji

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 7.8116 7.8231 7.8382 7.8462 7.8584 7.8744 7.8909
Change (%) -0.44% -0.29% -0.10% - +0.16% +0.36% +0.57%
Change -0.0346 -0.0231 -0.0080 - +0.0122 +0.0282 +0.0447
Level Minor Intermediate Minor - Intermediate Major Minor



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
Standard7.76337.79797.82237.85697.88137.91597.9403
Camarilla7.83067.83607.84147.84687.85227.85767.8630
Woodie7.75837.79547.81737.85447.87637.91347.9353
Fibonacci7.79797.82047.83437.85697.87947.89337.9159


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard7.64767.70317.74747.80297.84727.90277.9470
Camarilla7.76447.77357.78277.79187.80107.81017.8193
Woodie7.64217.70037.74197.80017.84177.89997.9415
Fibonacci7.70317.74127.76477.80297.84107.86457.9027


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard7.46907.61377.70287.84757.93668.08138.1704
Camarilla7.72757.74897.77047.79187.81327.83477.8561
Woodie7.44117.59987.67497.83367.90878.06748.1425
Fibonacci7.61377.70307.75827.84757.93687.99208.0813

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): 46.64
MACD (12,26,9): -0.0030
Directional Movement: 0.8138
AROON (14): -78.5714
DEMA (21): 7.8423
Parabolic SAR (0,02-0,02-0,2): 7.8576
Elder Ray (13): -0.0051
Super Trend (3,10): 7.8303
Zig ZAG (10): 7.8397
VORTEX (21): 0.8727
Stochastique (14,3,5): 25.10
TEMA (21): 7.8351
Williams %R (14): -64.61
Chande Momentum Oscillator (20): -0.0122
Repulse (5,40,3): 0.0005
ROCnROLL: -1
TRIX (15,9): -0.0025
Courbe Coppock: 0.25
MA7: 7.8355
MA20: 7.8705
MA50: 7.8775
MA100: 7.8712
MAexp7: 7.8395
MAexp20: 7.8449
MAexp50: 7.8415
MAexp100: 7.8355
Price / MA7: +0.14%
Price / MA20: -0.31%
Price / MA50: -0.40%
Price / MA100: -0.32%
Price / MAexp7: +0.09%
Price / MAexp20: +0.02%
Price / MAexp50: +0.06%
Price / MAexp100: +0.14%

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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