CHF/NOK - 1H - Technical analysis published on 07/22/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Bearish
De fond:
Strongly bearish
Technical indicators
56%
0%
44%
My opinion
Bearish under 9.8059 NOK
My targets
9.7412 NOK (-0.0274)
9.6511 NOK (-0.1175)
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 9.8059 NOK. The next bearish objective for sellers is set at 9.7412 NOK. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 9.6511 NOK. If there is any crossing, the next objective would be the support located at 9.3208 NOK. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.
In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
3.2
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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
CHF/NOK rating 9.7686 NOK. The price has increased by +0.10% since the last closing and was traded between 9.7477 NOK and 9.7804 NOK over the period. The price is currently at +0.21% from its lowest and -0.12% from its highest.9.7477
9.7804
9.7686
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 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. 85.71% of the signals given by moving averages are bearish. This strongly bearish trend is showing signs of slowing down given the slightly bearish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
In fact, 10 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Momentum indicator is back over 0
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 a result that can have an impact on the price change:
Horizontal support 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 | 9.3208 | 9.6511 | 9.7412 | 9.7686 | 9.8059 | 9.9455 | 10.0081 |
| Change (%) | -4.58% | -1.20% | -0.28% | - | +0.38% | +1.81% | +2.45% |
| Change | -0.4478 | -0.1175 | -0.0274 | - | +0.0373 | +0.1769 | +0.2395 |
| Level | Intermediate | Intermediate | Intermediate | - | Major | Intermediate | 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 | 9.6281 | 9.6809 | 9.7200 | 9.7728 | 9.8119 | 9.8647 | 9.9038 |
| Camarilla | 9.7338 | 9.7423 | 9.7507 | 9.7591 | 9.7675 | 9.7760 | 9.7844 |
| Woodie | 9.6213 | 9.6775 | 9.7132 | 9.7694 | 9.8051 | 9.8613 | 9.8970 |
| Fibonacci | 9.6809 | 9.7160 | 9.7377 | 9.7728 | 9.8079 | 9.8296 | 9.8647 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.2291 | 8.4000 | 8.5046 | 8.6755 | 8.7801 | 8.9510 | 9.0556 |
| Camarilla | 8.5334 | 8.5587 | 8.5840 | 8.6092 | 8.6345 | 8.6597 | 8.6850 |
| Woodie | 8.1960 | 8.3834 | 8.4715 | 8.6589 | 8.7470 | 8.9344 | 9.0225 |
| Fibonacci | 8.4000 | 8.5052 | 8.5703 | 8.6755 | 8.7807 | 8.8458 | 8.9510 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.0853 | 9.3510 | 9.7567 | 10.0224 | 10.4281 | 10.6938 | 11.0995 |
| Camarilla | 9.9777 | 10.0392 | 10.1008 | 10.1623 | 10.2238 | 10.2854 | 10.3469 |
| Woodie | 9.1552 | 9.3860 | 9.8266 | 10.0574 | 10.4980 | 10.7288 | 11.1694 |
| Fibonacci | 9.3510 | 9.6075 | 9.7660 | 10.0224 | 10.2789 | 10.4374 | 10.6938 |
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): | 45.94 | |
| MACD (12,26,9): | -0.0104 | |
| Directional Movement: | 2.6707 | |
| AROON (14): | -7.1429 | |
| DEMA (21): | 9.7532 | |
| Parabolic SAR (0,02-0,02-0,2): | 9.7947 | |
| Elder Ray (13): | 0.0031 | |
| Super Trend (3,10): | 9.8202 | |
| Zig ZAG (10): | 9.7686 | |
| VORTEX (21): | 0.9427 | |
| Stochastique (14,3,5): | 43.07 | |
| TEMA (21): | 9.7577 | |
| Williams %R (14): | -46.90 | |
| Chande Momentum Oscillator (20): | 0.0229 | |
| Repulse (5,40,3): | 0.1270 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0239 | |
| Courbe Coppock: | 0.07 |
| MA7: | 9.8408 | |
| MA20: | 9.9958 | |
| MA50: | 10.0557 | |
| MA100: | 10.4018 | |
| MAexp7: | 9.7643 | |
| MAexp20: | 9.7701 | |
| MAexp50: | 9.7978 | |
| MAexp100: | 9.8341 | |
| Price / MA7: | -0.73% | |
| Price / MA20: | -2.27% | |
| Price / MA50: | -2.86% | |
| Price / MA100: | -6.09% | |
| Price / MAexp7: | +0.04% | |
| Price / MAexp20: | -0.02% | |
| Price / MAexp50: | -0.30% | |
| Price / MAexp100: | -0.67% |
Quotes :
2020-07-22 07:24:33
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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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