CHF/NOK - 1H - Technical analysis published on 05/07/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
28%
39%
33%
My opinion
Bearish under 10.5309 NOK
My targets
10.3415 NOK (-0.1625)
10.1332 NOK (-0.3708)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on CHF/NOK as long as the price remains well below 10.5309 NOK. The sellers” bearish objective is set at 10.3415 NOK. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 10.1332 NOK. In case of crossing, the next objective would be the support located at 9.6142 NOK. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
FORCE
0
10
6.4
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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 CHF/NOK rating is 10.5040 NOK. The price registered a decrease of -0.27% on the session and was between 10.4829 NOK and 10.5448 NOK. This implies that the price is at +0.20% from its lowest and at -0.39% from its highest.10.4829
10.5448
10.5040
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by CHF/NOK:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of CHF/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.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 5 are bullish, 6 are neutral and 7 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Support of triangle is broken
Type : Bearish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 8.9327 | 9.3208 | 9.6142 | 10.5040 | 10.5309 | 10.6378 | 10.7832 |
Change (%) | -14.96% | -11.26% | -8.47% | - | +0.26% | +1.27% | +2.66% |
Change | -1.5713 | -1.1832 | -0.8898 | - | +0.0269 | +0.1338 | +0.2792 |
Level | Major | Intermediate | Minor | - | Intermediate | Major | Minor |
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 | 10.3014 | 10.4099 | 10.4713 | 10.5798 | 10.6412 | 10.7497 | 10.8111 |
Camarilla | 10.4859 | 10.5015 | 10.5170 | 10.5326 | 10.5482 | 10.5638 | 10.5793 |
Woodie | 10.2778 | 10.3981 | 10.4477 | 10.5680 | 10.6176 | 10.7379 | 10.7875 |
Fibonacci | 10.4099 | 10.4748 | 10.5149 | 10.5798 | 10.6447 | 10.6848 | 10.7497 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 10.1332 | 10.3415 | 10.5481 | 10.7564 | 10.9630 | 11.1713 | 11.3779 |
Camarilla | 10.6406 | 10.6786 | 10.7167 | 10.7547 | 10.7927 | 10.8308 | 10.8688 |
Woodie | 10.1324 | 10.3411 | 10.5473 | 10.7560 | 10.9622 | 11.1709 | 11.3771 |
Fibonacci | 10.3415 | 10.5000 | 10.5979 | 10.7564 | 10.9149 | 11.0128 | 11.1713 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 9.6532 | 10.0493 | 10.3305 | 10.7266 | 11.0078 | 11.4039 | 11.6851 |
Camarilla | 10.4253 | 10.4874 | 10.5495 | 10.6116 | 10.6737 | 10.7358 | 10.7979 |
Woodie | 9.5957 | 10.0206 | 10.2730 | 10.6979 | 10.9503 | 11.3752 | 11.6276 |
Fibonacci | 10.0493 | 10.3081 | 10.4679 | 10.7266 | 10.9854 | 11.1452 | 11.4039 |
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): | 35.38 | |
MACD (12,26,9): | -0.0113 | |
Directional Movement: | 20.0679 | |
AROON (14): | -57.1429 | |
DEMA (21): | 10.5200 | |
Parabolic SAR (0,02-0,02-0,2): | 10.6453 | |
Elder Ray (13): | -0.0032 | |
Super Trend (3,10): | 10.6027 | |
Zig ZAG (10): | 10.5228 | |
VORTEX (21): | 0.9808 | |
Stochastique (14,3,5): | 6.12 | |
TEMA (21): | 10.5259 | |
Williams %R (14): | -90.67 | |
Chande Momentum Oscillator (20): | -0.0131 | |
Repulse (5,40,3): | -0.0015 | |
ROCnROLL: | 2 | |
TRIX (15,9): | -0.0141 | |
Courbe Coppock: | 0.31 |
MA7: | 10.6037 | |
MA20: | 10.7254 | |
MA50: | 10.6836 | |
MA100: | 9.9988 | |
MAexp7: | 10.5250 | |
MAexp20: | 10.5361 | |
MAexp50: | 10.5683 | |
MAexp100: | 10.6139 | |
Price / MA7: | -0.94% | |
Price / MA20: | -2.06% | |
Price / MA50: | -1.68% | |
Price / MA100: | +5.05% | |
Price / MAexp7: | -0.21% | |
Price / MAexp20: | -0.32% | |
Price / MAexp50: | -0.62% | |
Price / MAexp100: | -1.05% |
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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