CAD/NOK - 15 min. - Technical analysis published on 12/09/2019 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 6.8998 NOK
My targets
6.9235 NOK (+0.0135)
6.9619 NOK (+0.0519)
My analysis
CAD/NOK is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 6.8998 NOK. The next resistance located at 6.9235 NOK is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 6.9619 NOK. After this resistance, buyers could then target 6.9856 NOK. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
8.6
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This analysis was given by hsokkar. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
CAD/NOK rating 6.9100 NOK. The price has increased by +0.36% since the last closing and was between 6.8823 NOK and 6.9102 NOK. This implies that the price is at +0.40% from its lowest and at +0.00% from its highest.6.8823
6.9102
6.9100
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 HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 15 min. chart of CAD/NOK indicates that the overall trend is strongly bullish. 89.29% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 15 minutes
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 15 minutes
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : 15 minutes
Resistance of channel is broken
Type : Bullish
Timeframe : 15 minutes
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 | 6.8636 | 6.8757 | 6.8973 | 6.9100 | 6.9184 | 6.9379 | 6.9609 |
| Change (%) | -0.67% | -0.50% | -0.18% | - | +0.12% | +0.40% | +0.74% |
| Change | -0.0464 | -0.0343 | -0.0127 | - | +0.0084 | +0.0279 | +0.0509 |
| Level | Intermediate | Intermediate | Intermediate | - | Minor | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.7993 | 6.8377 | 6.8614 | 6.8998 | 6.9235 | 6.9619 | 6.9856 |
| Camarilla | 6.8679 | 6.8736 | 6.8793 | 6.8850 | 6.8907 | 6.8964 | 6.9021 |
| Woodie | 6.7919 | 6.8340 | 6.8540 | 6.8961 | 6.9161 | 6.9582 | 6.9782 |
| Fibonacci | 6.8377 | 6.8615 | 6.8761 | 6.8998 | 6.9236 | 6.9382 | 6.9619 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.7673 | 6.8212 | 6.8531 | 6.9070 | 6.9389 | 6.9928 | 7.0247 |
| Camarilla | 6.8614 | 6.8693 | 6.8771 | 6.8850 | 6.8929 | 6.9007 | 6.9086 |
| Woodie | 6.7563 | 6.8157 | 6.8421 | 6.9015 | 6.9279 | 6.9873 | 7.0137 |
| Fibonacci | 6.8212 | 6.8540 | 6.8742 | 6.9070 | 6.9398 | 6.9600 | 6.9928 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.6985 | 6.7682 | 6.8549 | 6.9246 | 7.0113 | 7.0810 | 7.1677 |
| Camarilla | 6.8986 | 6.9129 | 6.9273 | 6.9416 | 6.9559 | 6.9703 | 6.9846 |
| Woodie | 6.7070 | 6.7725 | 6.8634 | 6.9289 | 7.0198 | 7.0853 | 7.1762 |
| Fibonacci | 6.7682 | 6.8279 | 6.8649 | 6.9246 | 6.9843 | 7.0213 | 7.0810 |
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): | 66.90 | |
| MACD (12,26,9): | 0.0029 | |
| Directional Movement: | 16.3478 | |
| AROON (14): | 57.1429 | |
| DEMA (21): | 6.9003 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.8905 | |
| Elder Ray (13): | 0.0071 | |
| Super Trend (3,10): | 6.8899 | |
| Zig ZAG (10): | 6.9049 | |
| VORTEX (21): | 1.1688 | |
| Stochastique (14,3,5): | 80.39 | |
| TEMA (21): | 6.9019 | |
| Williams %R (14): | -0.60 | |
| Chande Momentum Oscillator (20): | 0.0106 | |
| Repulse (5,40,3): | 0.1449 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0044 | |
| Courbe Coppock: | 0.15 |
| MA7: | 6.9167 | |
| MA20: | 6.9045 | |
| MA50: | 6.9232 | |
| MA100: | 6.8409 | |
| MAexp7: | 6.9020 | |
| MAexp20: | 6.8968 | |
| MAexp50: | 6.8936 | |
| MAexp100: | 6.8962 | |
| Price / MA7: | -0.10% | |
| Price / MA20: | +0.08% | |
| Price / MA50: | -0.19% | |
| Price / MA100: | +1.01% | |
| Price / MAexp7: | +0.12% | |
| Price / MAexp20: | +0.19% | |
| Price / MAexp50: | +0.24% | |
| Price / MAexp100: | +0.20% |
This member declared not having a position on this financial instrument or a related financial instrument.
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