CHF/NOK - 1H - Technical analysis published on 07/02/2020 (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
22%
50%
28%
My opinion
Bearish under 10.0482 NOK
My targets
9.9566 NOK (-0.0656)
9.6540 NOK (-0.3682)
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 10.0482 NOK. The sellers” bearish objective is set at 9.9566 NOK. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 9.6540 NOK. In case of crossing, the next objective would be the support located at 9.3208 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
7
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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
CHF/NOK rating 10.0222 NOK. On the day, this instrument lost -0.39% with the lowest point at 10.0182 NOK and the highest point at 10.0750 NOK. The deviation from the price is +0.04% for the low point and -0.52% for the high point.10.0182
10.0750
10.0222
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend 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 (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
The Central Volumes scanner detects abnormal volumes on the asset:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this 1H chart of CHF/NOK indicates that the overall trend is strongly bearish. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being 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: 4 are bullish, 5 are neutral and 9 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
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 support is broken
Type : Bearish
Timeframe : 1 hour
Support of triangle is broken
Type : Bearish
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 | 8.9327 | 9.3208 | 9.6540 | 10.0222 | 10.0224 | 10.0482 | 10.0855 |
| Change (%) | -10.87% | -7.00% | -3.67% | - | +0.00% | +0.26% | +0.63% |
| Change | -1.0895 | -0.7014 | -0.3682 | - | +0.0002 | +0.0260 | +0.0633 |
| Level | Major | Intermediate | Minor | - | Intermediate | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.8922 | 9.9702 | 10.0156 | 10.0936 | 10.1390 | 10.2170 | 10.2624 |
| Camarilla | 10.0271 | 10.0384 | 10.0497 | 10.0610 | 10.0723 | 10.0836 | 10.0949 |
| Woodie | 9.8759 | 9.9621 | 9.9993 | 10.0855 | 10.1227 | 10.2089 | 10.2461 |
| Fibonacci | 9.9702 | 10.0173 | 10.0465 | 10.0936 | 10.1407 | 10.1699 | 10.2170 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.9106 | 7.7809 | 9.2242 | 10.0945 | 11.5378 | 12.4081 | 13.8514 |
| Camarilla | 10.0314 | 10.2434 | 10.4555 | 10.6676 | 10.8797 | 11.0918 | 11.3038 |
| Woodie | 7.1972 | 7.9242 | 9.5108 | 10.2378 | 11.8244 | 12.5514 | 14.1380 |
| Fibonacci | 7.7809 | 8.6647 | 9.2107 | 10.0945 | 10.9783 | 11.5243 | 12.4081 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.9566 | 10.0410 | 10.1017 | 10.1861 | 10.2468 | 10.3312 | 10.3919 |
| Camarilla | 10.1224 | 10.1357 | 10.1490 | 10.1623 | 10.1756 | 10.1889 | 10.2022 |
| Woodie | 9.9447 | 10.0351 | 10.0898 | 10.1802 | 10.2349 | 10.3253 | 10.3800 |
| Fibonacci | 10.0410 | 10.0965 | 10.1307 | 10.1861 | 10.2416 | 10.2758 | 10.3312 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 33.94 | |
| MACD (12,26,9): | -0.0253 | |
| Directional Movement: | -9.8451 | |
| AROON (14): | -85.7143 | |
| DEMA (21): | 10.0338 | |
| Parabolic SAR (0,02-0,02-0,2): | 10.0914 | |
| Elder Ray (13): | -0.0167 | |
| Super Trend (3,10): | 10.1007 | |
| Zig ZAG (10): | 10.0384 | |
| VORTEX (21): | 0.9397 | |
| Stochastique (14,3,5): | 7.51 | |
| TEMA (21): | 10.0287 | |
| Williams %R (14): | -93.68 | |
| Chande Momentum Oscillator (20): | -0.0365 | |
| Repulse (5,40,3): | -0.1159 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0377 | |
| Courbe Coppock: | 0.69 |
| MA7: | 10.0015 | |
| MA20: | 10.0419 | |
| MA50: | 10.2008 | |
| MA100: | 10.3563 | |
| MAexp7: | 10.0395 | |
| MAexp20: | 10.0683 | |
| MAexp50: | 10.1118 | |
| MAexp100: | 10.1397 | |
| Price / MA7: | +0.21% | |
| Price / MA20: | -0.20% | |
| Price / MA50: | -1.75% | |
| Price / MA100: | -3.23% | |
| Price / MAexp7: | -0.17% | |
| Price / MAexp20: | -0.46% | |
| Price / MAexp50: | -0.89% | |
| Price / MAexp100: | -1.16% |
Quotes :
2020-07-02 06:27:06
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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.
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