CAD/NOK - 1H - Technical analysis published on 10/09/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 6.8681 NOK
My targets
6.8867 NOK (+0.09%)
6.9040 NOK (+0.34%)
My analysis
The bullish trend is currently very strong on CAD/NOK. As long as the price remains above the support at 6.8681 NOK, you could try to benefit from the boom. The first bullish objective is located at 6.8867 NOK. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 6.9040 NOK as an objective. Crossing it would then enable buyers to target 6.9190 NOK. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
FORCE
0
10
8.2
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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
CAD/NOK rating 6.8803 NOK. On the day, this instrument gained +0.04% and was between 6.8732 NOK and 6.8918 NOK. This implies that the price is at +0.10% from its lowest and at -0.17% from its highest.6.8732
6.8918
6.8803
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 HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of CAD/NOK in 1H shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators shows a strong bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
Aroon indicator bullish trend
Type : Bullish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 6.8424 | 6.8498 | 6.8681 | 6.8803 | 6.8867 | 6.9040 | 6.9190 |
| Change (%) | -0.55% | -0.44% | -0.18% | - | +0.09% | +0.34% | +0.56% |
| Change | -0.0379 | -0.0305 | -0.0122 | - | +0.0064 | +0.0237 | +0.0387 |
| Level | Intermediate | Major | Intermediate | - | Intermediate | Major | Intermediate |
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 | 6.8349 | 6.8471 | 6.8623 | 6.8745 | 6.8897 | 6.9019 | 6.9171 |
| Camarilla | 6.8700 | 6.8725 | 6.8750 | 6.8775 | 6.8800 | 6.8825 | 6.8850 |
| Woodie | 6.8364 | 6.8479 | 6.8638 | 6.8753 | 6.8912 | 6.9027 | 6.9186 |
| Fibonacci | 6.8471 | 6.8576 | 6.8640 | 6.8745 | 6.8850 | 6.8914 | 6.9019 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.6963 | 6.7584 | 6.7947 | 6.8568 | 6.8931 | 6.9552 | 6.9915 |
| Camarilla | 6.8038 | 6.8129 | 6.8219 | 6.8309 | 6.8399 | 6.8489 | 6.8580 |
| Woodie | 6.6833 | 6.7520 | 6.7817 | 6.8504 | 6.8801 | 6.9488 | 6.9785 |
| Fibonacci | 6.7584 | 6.7960 | 6.8192 | 6.8568 | 6.8944 | 6.9176 | 6.9552 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.5530 | 6.6191 | 6.7454 | 6.8115 | 6.9378 | 7.0039 | 7.1302 |
| Camarilla | 6.8189 | 6.8365 | 6.8542 | 6.8718 | 6.8894 | 6.9071 | 6.9247 |
| Woodie | 6.5832 | 6.6342 | 6.7756 | 6.8266 | 6.9680 | 7.0190 | 7.1604 |
| Fibonacci | 6.6191 | 6.6926 | 6.7380 | 6.8115 | 6.8850 | 6.9304 | 7.0039 |
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): | 61.82 | |
| MACD (12,26,9): | 0.0045 | |
| Directional Movement: | 21.8773 | |
| AROON (14): | 85.7142 | |
| DEMA (21): | 6.8829 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.8736 | |
| Elder Ray (13): | 0.0055 | |
| Super Trend (3,10): | 6.8656 | |
| Zig ZAG (10): | 6.8858 | |
| VORTEX (21): | 1.1235 | |
| Stochastique (14,3,5): | 82.24 | |
| TEMA (21): | 6.8829 | |
| Williams %R (14): | -29.61 | |
| Chande Momentum Oscillator (20): | 0.0078 | |
| Repulse (5,40,3): | 0.0864 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0086 | |
| Courbe Coppock: | 0.13 |
| MA7: | 6.8643 | |
| MA20: | 6.8233 | |
| MA50: | 6.7920 | |
| MA100: | 6.6617 | |
| MAexp7: | 6.8815 | |
| MAexp20: | 6.8767 | |
| MAexp50: | 6.8683 | |
| MAexp100: | 6.8623 | |
| Price / MA7: | +0.23% | |
| Price / MA20: | +0.84% | |
| Price / MA50: | +1.30% | |
| Price / MA100: | +3.28% | |
| Price / MAexp7: | -0.02% | |
| Price / MAexp20: | +0.05% | |
| Price / MAexp50: | +0.17% | |
| Price / MAexp100: | +0.26% |
This member declared not having a position on this financial instrument or a related financial instrument.
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