CAD/NOK - 1H - Technical analysis published on 04/22/2025 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
56%
28%
My opinion
Bearish under 7.5039 NOK
My targets
7.4494 NOK (-0.0411)
7.4345 NOK (-0.0560)
My analysis
The bearish trend is currently very strong for CAD/NOK. As long as the price remains below the resistance at 7.5039 NOK, you could try to take advantage of the bearish rally. The first bearish objective is located at 7.4494 NOK. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 7.4345 NOK as an objective. Crossing it would then enable sellers to target 7.3044 NOK. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
7.3
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Additional analysis
Quotes
The CAD/NOK rating is 7.4905 NOK. The price is lower by -0.02% since the last closing and was traded between 7.4772 NOK and 7.5089 NOK over the period. The price is currently at +0.18% from its lowest and -0.25% from its highest.7.4772
7.5089
7.4905
The Central Gaps scanner detects a bullish opening. A small advantage for buyers 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 LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
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 strongly bearish. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The probability of a further decline is moderate given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : 1 hour
RSI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
Pivot points : price is under support 1 (Weekly)
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1 (Monthly)
Type : Neutral
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near support of channel
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 7.1681 | 7.3044 | 7.4494 | 7.4905 | 7.5039 | 7.5501 | 7.6654 |
| Change (%) | -4.30% | -2.48% | -0.55% | - | +0.18% | +0.80% | +2.33% |
| Change | -0.3224 | -0.1861 | -0.0411 | - | +0.0134 | +0.0596 | +0.1749 |
| Level | Intermediate | Major | Intermediate | - | Minor | Major | 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 | 7.3654 | 7.4265 | 7.4592 | 7.5203 | 7.5530 | 7.6141 | 7.6468 |
| Camarilla | 7.4661 | 7.4747 | 7.4833 | 7.4919 | 7.5005 | 7.5091 | 7.5177 |
| Woodie | 7.3512 | 7.4194 | 7.4450 | 7.5132 | 7.5388 | 7.6070 | 7.6326 |
| Fibonacci | 7.4265 | 7.4623 | 7.4845 | 7.5203 | 7.5561 | 7.5783 | 7.6141 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.3189 | 7.4345 | 7.5034 | 7.6190 | 7.6879 | 7.8035 | 7.8724 |
| Camarilla | 7.5217 | 7.5386 | 7.5555 | 7.5724 | 7.5893 | 7.6062 | 7.6231 |
| Woodie | 7.2957 | 7.4228 | 7.4802 | 7.6073 | 7.6647 | 7.7918 | 7.8492 |
| Fibonacci | 7.4345 | 7.5050 | 7.5485 | 7.6190 | 7.6895 | 7.7330 | 7.8035 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.6347 | 6.9649 | 7.1347 | 7.4649 | 7.6347 | 7.9649 | 8.1347 |
| Camarilla | 7.1669 | 7.2127 | 7.2586 | 7.3044 | 7.3502 | 7.3961 | 7.4419 |
| Woodie | 6.5544 | 6.9248 | 7.0544 | 7.4248 | 7.5544 | 7.9248 | 8.0544 |
| Fibonacci | 6.9649 | 7.1559 | 7.2739 | 7.4649 | 7.6559 | 7.7739 | 7.9649 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 35.37 | |
| MACD (12,26,9): | -0.0150 | |
| Directional Movement: | -16.4833 | |
| AROON (14): | -92.8571 | |
| DEMA (21): | 7.4860 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.5072 | |
| Elder Ray (13): | -0.0105 | |
| Super Trend (3,10): | 7.5291 | |
| Zig ZAG (10): | 7.4900 | |
| VORTEX (21): | 0.8759 | |
| Stochastique (14,3,5): | 14.28 | |
| TEMA (21): | 7.4825 | |
| Williams %R (14): | -82.17 | |
| Chande Momentum Oscillator (20): | -0.0179 | |
| Repulse (5,40,3): | -0.0398 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0299 | |
| Courbe Coppock: | 0.79 |
| MA7: | 7.5682 | |
| MA20: | 7.5152 | |
| MA50: | 7.5764 | |
| MA100: | 7.7250 | |
| MAexp7: | 7.4913 | |
| MAexp20: | 7.5061 | |
| MAexp50: | 7.5323 | |
| MAexp100: | 7.5619 | |
| Price / MA7: | -1.03% | |
| Price / MA20: | -0.33% | |
| Price / MA50: | -1.13% | |
| Price / MA100: | -3.04% | |
| Price / MAexp7: | -0.01% | |
| Price / MAexp20: | -0.21% | |
| Price / MAexp50: | -0.55% | |
| Price / MAexp100: | -0.94% |
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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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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