CHF/NOK - 1H - Technical analysis published on 08/25/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Slightly bullish
Technical indicators
22%
50%
28%
My opinion
Bearish under 9.8951 NOK
My targets
9.8049 NOK (-0.0400)
9.7404 NOK (-0.1045)
My analysis
The strong short-term decline in CHF/NOK calls into question the currently slightly bullish basic trend. A trend reversal is likely. As long as the price remains below the resistance located at 9.8951 NOK, one could consider taking advantage of the short-term movement. The first bearish objective is located at 9.8049 NOK. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 9.7404 NOK as an objective. Crossing it would then enable sellers to target 9.7030 NOK. Be careful, a return to above 9.8951 NOK could jeopardize the reversal.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
1.6
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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 9.8449 NOK. The price is lower by -0.19% since the last closing and was traded between 9.8314 NOK and 9.8786 NOK over the period. The price is currently at +0.14% from its lowest and -0.34% from its highest.9.8314
9.8786
9.8449
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:
Technical
Technical analysis of CHF/NOK in 1H shows an overall slightly bullish trend. 53.57% of the signals given by moving averages are bullish. Caution: the strong bearish signals currently given by short-term moving averages indicate that a trend reversal may be taking place. An assessment of moving averages reveals a bearish signal that could impact this trend:
Moving Average bearish crossovers : MA20 & MA50
Type : Bearish
Timeframe : 1 hour
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. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 9.7030 | 9.7404 | 9.8049 | 9.8449 | 9.8479 | 9.8951 | 9.9204 |
| Change (%) | -1.44% | -1.06% | -0.41% | - | +0.03% | +0.51% | +0.77% |
| Change | -0.1419 | -0.1045 | -0.0400 | - | +0.0030 | +0.0502 | +0.0755 |
| Level | Minor | Major | Minor | - | Minor | Minor | 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 | 9.7803 | 9.8141 | 9.8390 | 9.8728 | 9.8977 | 9.9315 | 9.9564 |
| Camarilla | 9.8478 | 9.8531 | 9.8585 | 9.8639 | 9.8693 | 9.8747 | 9.8800 |
| Woodie | 9.7759 | 9.8119 | 9.8346 | 9.8706 | 9.8933 | 9.9293 | 9.9520 |
| Fibonacci | 9.8141 | 9.8365 | 9.8504 | 9.8728 | 9.8952 | 9.9091 | 9.9315 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.5338 | 9.6184 | 9.7512 | 9.8358 | 9.9686 | 10.0532 | 10.1860 |
| Camarilla | 9.8242 | 9.8441 | 9.8641 | 9.8840 | 9.9039 | 9.9239 | 9.9438 |
| Woodie | 9.5579 | 9.6305 | 9.7753 | 9.8479 | 9.9927 | 10.0653 | 10.2101 |
| Fibonacci | 9.6184 | 9.7015 | 9.7528 | 9.8358 | 9.9189 | 9.9702 | 10.0532 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.3003 | 9.5170 | 9.7382 | 9.9549 | 10.1761 | 10.3928 | 10.6140 |
| Camarilla | 9.8390 | 9.8791 | 9.9193 | 9.9594 | 9.9995 | 10.0397 | 10.0798 |
| Woodie | 9.3026 | 9.5181 | 9.7405 | 9.9560 | 10.1784 | 10.3939 | 10.6163 |
| Fibonacci | 9.5170 | 9.6843 | 9.7876 | 9.9549 | 10.1222 | 10.2255 | 10.3928 |
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): | 44.01 | |
| MACD (12,26,9): | -0.0043 | |
| Directional Movement: | -2.2440 | |
| AROON (14): | -57.1429 | |
| DEMA (21): | 9.8615 | |
| Parabolic SAR (0,02-0,02-0,2): | 9.8868 | |
| Elder Ray (13): | -0.0151 | |
| Super Trend (3,10): | 9.8950 | |
| Zig ZAG (10): | 9.8449 | |
| VORTEX (21): | 0.8974 | |
| Stochastique (14,3,5): | 23.02 | |
| TEMA (21): | 9.8503 | |
| Williams %R (14): | -82.93 | |
| Chande Momentum Oscillator (20): | -0.0475 | |
| Repulse (5,40,3): | -0.1152 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0034 | |
| Courbe Coppock: | 0.49 |
| MA7: | 9.8110 | |
| MA20: | 9.8542 | |
| MA50: | 9.9475 | |
| MA100: | 10.1731 | |
| MAexp7: | 9.8549 | |
| MAexp20: | 9.8662 | |
| MAexp50: | 9.8611 | |
| MAexp100: | 9.8418 | |
| Price / MA7: | +0.35% | |
| Price / MA20: | -0.09% | |
| Price / MA50: | -1.03% | |
| Price / MA100: | -3.23% | |
| Price / MAexp7: | -0.10% | |
| Price / MAexp20: | -0.22% | |
| Price / MAexp50: | -0.16% | |
| Price / MAexp100: | +0.03% |
Quotes :
2020-08-25 06:47:28
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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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