CAD/NOK - 1H - Technical analysis published on 05/28/2025 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Bearish
Technical indicators
11%
78%
11%
My opinion
Bearish under 7.3756 NOK
My targets
7.3374 NOK (-0.0138)
7.3044 NOK (-0.0468)
My analysis
All elements being rather bearish, it would be possible for traders to trade only short positions (for sale) on CAD/NOK as long as the price remains well below 7.3756 NOK. The next bearish objective for sellers is set at 7.3374 NOK. A bearish break of this support would revive the bearish momentum. Sellers could then target the next support located at 7.3044 NOK. If there is any crossing, the next objective would be the support located at 7.1681 NOK. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bearish, basic trend. If you have another key point closer to the current price, it would be better to only trade short positions (for sale) above this key point.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
5
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.
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Additional analysis
Quotes
The CAD/NOK rating is 7.3512 NOK. On the day, this instrument gained +0.00% with the lowest point at 7.3457 NOK and the highest point at 7.3526 NOK. The deviation from the price is +0.07% for the low point and -0.02% for the high point.7.3457
7.3526
7.3512
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.
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:
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 CAD/NOK in 1H shows an overall bearish trend. 64.29% of the signals given by moving averages are bearish. This bearish trend is slowing down slightly given the slightly bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 14 technical indicators on 18 studied are currently bearish. The Central Indicators scanner found this result concerning these indicators:
Price is back under the pivot point (Daily)
Type : Bearish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Bearish engulfing lines
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 7.1681 | 7.3044 | 7.3374 | 7.3512 | 7.3756 | 7.4125 | 7.4752 |
| Change (%) | -2.49% | -0.64% | -0.19% | - | +0.33% | +0.83% | +1.69% |
| Change | -0.1831 | -0.0468 | -0.0138 | - | +0.0244 | +0.0613 | +0.1240 |
| Level | Intermediate | Major | Intermediate | - | Intermediate | Minor | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 7.2918 | 7.3150 | 7.3332 | 7.3564 | 7.3746 | 7.3978 | 7.4160 |
| Camarilla | 7.3400 | 7.3438 | 7.3476 | 7.3514 | 7.3552 | 7.3590 | 7.3628 |
| Woodie | 7.2893 | 7.3138 | 7.3307 | 7.3552 | 7.3721 | 7.3966 | 7.4135 |
| Fibonacci | 7.3150 | 7.3308 | 7.3406 | 7.3564 | 7.3722 | 7.3820 | 7.3978 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.1361 | 7.2153 | 7.2893 | 7.3685 | 7.4425 | 7.5217 | 7.5957 |
| Camarilla | 7.3212 | 7.3352 | 7.3493 | 7.3633 | 7.3773 | 7.3914 | 7.4054 |
| Woodie | 7.1335 | 7.2140 | 7.2867 | 7.3672 | 7.4399 | 7.5204 | 7.5931 |
| Fibonacci | 7.2153 | 7.2738 | 7.3100 | 7.3685 | 7.4270 | 7.4632 | 7.5217 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.6794 | 6.9500 | 7.2468 | 7.5174 | 7.8142 | 8.0848 | 8.3816 |
| Camarilla | 7.3877 | 7.4397 | 7.4917 | 7.5437 | 7.5957 | 7.6477 | 7.6997 |
| Woodie | 6.6926 | 6.9566 | 7.2600 | 7.5240 | 7.8274 | 8.0914 | 8.3948 |
| Fibonacci | 6.9500 | 7.1667 | 7.3006 | 7.5174 | 7.7341 | 7.8680 | 8.0848 |
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): | 44.63 | |
| MACD (12,26,9): | -0.0009 | |
| Directional Movement: | -13.0657 | |
| AROON (14): | 14.2857 | |
| DEMA (21): | 7.3581 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.3730 | |
| Elder Ray (13): | -0.0068 | |
| Super Trend (3,10): | 7.3385 | |
| Zig ZAG (10): | 7.3503 | |
| VORTEX (21): | 1.0540 | |
| Stochastique (14,3,5): | 29.15 | |
| TEMA (21): | 7.3552 | |
| Williams %R (14): | -70.77 | |
| Chande Momentum Oscillator (20): | -0.0189 | |
| Repulse (5,40,3): | -0.1024 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0034 | |
| Courbe Coppock: | 0.16 |
| MA7: | 7.3553 | |
| MA20: | 7.4309 | |
| MA50: | 7.4712 | |
| MA100: | 7.6144 | |
| MAexp7: | 7.3543 | |
| MAexp20: | 7.3580 | |
| MAexp50: | 7.3568 | |
| MAexp100: | 7.3592 | |
| Price / MA7: | -0.06% | |
| Price / MA20: | -1.07% | |
| Price / MA50: | -1.61% | |
| Price / MA100: | -3.46% | |
| Price / MAexp7: | -0.04% | |
| Price / MAexp20: | -0.09% | |
| Price / MAexp50: | -0.08% | |
| Price / MAexp100: | -0.11% |
Quotes :
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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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