CAD/NOK - 1H - Technical analysis published on 09/24/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bullish
Technical indicators
28%
33%
39%
My opinion
Bullish above 6.8132 NOK
My targets
6.8498 NOK (+0.43%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on CAD/NOK. As long as you are above the support located at 6.8132 NOK, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 6.8498 NOK would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. If the support 6.8132 NOK were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
FORCE
0
10
2.3
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CAD/NOK price is 6.8204 NOK. On the day, this instrument gained +0.01% and was traded between 6.8170 NOK and 6.8246 NOK over the period. The price is currently at +0.05% from its lowest and -0.06% from its highest.6.8170
6.8246
6.8204
Here is a more detailed summary of the historical variations registered by CAD/NOK:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of CAD/NOK indicates that the overall trend is bullish. 71.43% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : 1 hour
On the 18 technical indicators analysed, 5 are bullish, 7 are neutral and 6 are bearish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 6.7652 | 6.7886 | 6.8132 | 6.8204 | 6.8498 |
| Change (%) | -0.81% | -0.47% | -0.11% | - | +0.43% |
| Change | -0.0552 | -0.0318 | -0.0072 | - | +0.0294 |
| Level | Minor | Minor | Intermediate | - | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.7572 | 6.7849 | 6.8022 | 6.8299 | 6.8472 | 6.8749 | 6.8922 |
| Camarilla | 6.8072 | 6.8114 | 6.8155 | 6.8196 | 6.8237 | 6.8279 | 6.8320 |
| Woodie | 6.7521 | 6.7823 | 6.7971 | 6.8273 | 6.8421 | 6.8723 | 6.8871 |
| Fibonacci | 6.7849 | 6.8021 | 6.8127 | 6.8299 | 6.8471 | 6.8577 | 6.8749 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.5803 | 6.6327 | 6.7324 | 6.7848 | 6.8845 | 6.9369 | 7.0366 |
| Camarilla | 6.7903 | 6.8042 | 6.8182 | 6.8321 | 6.8460 | 6.8600 | 6.8739 |
| Woodie | 6.6040 | 6.6445 | 6.7561 | 6.7966 | 6.9082 | 6.9487 | 7.0603 |
| Fibonacci | 6.6327 | 6.6908 | 6.7267 | 6.7848 | 6.8429 | 6.8788 | 6.9369 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.5559 | 6.6211 | 6.7354 | 6.8006 | 6.9149 | 6.9801 | 7.0944 |
| Camarilla | 6.8004 | 6.8169 | 6.8334 | 6.8498 | 6.8663 | 6.8827 | 6.8992 |
| Woodie | 6.5806 | 6.6334 | 6.7601 | 6.8129 | 6.9396 | 6.9924 | 7.1191 |
| Fibonacci | 6.6211 | 6.6896 | 6.7320 | 6.8006 | 6.8691 | 6.9115 | 6.9801 |
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): | 47.15 | |
| MACD (12,26,9): | -0.0001 | |
| Directional Movement: | -0.5093 | |
| AROON (14): | -85.7142 | |
| DEMA (21): | 6.8227 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.8454 | |
| Elder Ray (13): | -0.0006 | |
| Super Trend (3,10): | 6.8099 | |
| Zig ZAG (10): | 6.8208 | |
| VORTEX (21): | 0.9253 | |
| Stochastique (14,3,5): | 33.37 | |
| TEMA (21): | 6.8172 | |
| Williams %R (14): | -79.38 | |
| Chande Momentum Oscillator (20): | -0.0022 | |
| Repulse (5,40,3): | -0.0596 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0014 | |
| Courbe Coppock: | 0.22 |
| MA7: | 6.7823 | |
| MA20: | 6.8002 | |
| MA50: | 6.7362 | |
| MA100: | 6.6237 | |
| MAexp7: | 6.8205 | |
| MAexp20: | 6.8220 | |
| MAexp50: | 6.8133 | |
| MAexp100: | 6.7974 | |
| Price / MA7: | +0.56% | |
| Price / MA20: | +0.30% | |
| Price / MA50: | +1.25% | |
| Price / MA100: | +2.97% | |
| Price / MAexp7: | -0.00% | |
| Price / MAexp20: | -0.02% | |
| Price / MAexp50: | +0.10% | |
| Price / MAexp100: | +0.34% |
This member declared not having a position on this financial instrument or a related financial instrument.
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