CHF/NOK - 1H - Technical analysis published on 10/06/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bearish
Technical indicators
50%
6%
44%
My opinion
Bearish under 10.1399 NOK
My targets
10.0489 NOK (-0.0271)
9.9679 NOK (-0.1081)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on CHF/NOK. As long as you are under the resistance located at 10.1399 NOK, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 10.0489 NOK would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 9.9679 NOK as an objective. Crossing it would then enable sellers to target 9.6453 NOK. If the resistance 10.1399 NOK were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
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
1.8
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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 10.0760 NOK. The price registered an increase of +0.24% on the session with the lowest point at 10.0481 NOK and the highest point at 10.0855 NOK. The deviation from the price is +0.28% for the low point and -0.09% for the high point.10.0481
10.0855
10.0760
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 this 1H chart of CHF/NOK indicates that the overall trend is bearish. 75.00% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, only 9 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 9.6453 | 9.9679 | 10.0489 | 10.0760 | 10.1399 | 10.2362 | 10.2873 |
| Change (%) | -4.27% | -1.07% | -0.27% | - | +0.63% | +1.59% | +2.10% |
| Change | -0.4307 | -0.1081 | -0.0271 | - | +0.0639 | +0.1602 | +0.2113 |
| Level | Major | Intermediate | Intermediate | - | Minor | Intermediate | Major |
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 | 9.8914 | 9.9700 | 10.0110 | 10.0896 | 10.1306 | 10.2092 | 10.2502 |
| Camarilla | 10.0190 | 10.0300 | 10.0409 | 10.0519 | 10.0629 | 10.0738 | 10.0848 |
| Woodie | 9.8725 | 9.9606 | 9.9921 | 10.0802 | 10.1117 | 10.1998 | 10.2313 |
| Fibonacci | 9.9700 | 10.0157 | 10.0440 | 10.0896 | 10.1353 | 10.1636 | 10.2092 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.7435 | 9.9032 | 10.0139 | 10.1736 | 10.2843 | 10.4440 | 10.5547 |
| Camarilla | 10.0502 | 10.0750 | 10.0998 | 10.1246 | 10.1494 | 10.1742 | 10.1990 |
| Woodie | 9.7190 | 9.8910 | 9.9894 | 10.1614 | 10.2598 | 10.4318 | 10.5302 |
| Fibonacci | 9.9032 | 10.0065 | 10.0703 | 10.1736 | 10.2769 | 10.3407 | 10.4440 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.9186 | 9.2565 | 9.6933 | 10.0312 | 10.4680 | 10.8059 | 11.2427 |
| Camarilla | 9.9170 | 9.9880 | 10.0590 | 10.1300 | 10.2010 | 10.2720 | 10.3430 |
| Woodie | 8.9680 | 9.2812 | 9.7427 | 10.0559 | 10.5174 | 10.8306 | 11.2921 |
| Fibonacci | 9.2565 | 9.5525 | 9.7353 | 10.0312 | 10.3272 | 10.5100 | 10.8059 |
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): | 49.61 | |
| MACD (12,26,9): | -0.0118 | |
| Directional Movement: | 4.8263 | |
| AROON (14): | -42.8571 | |
| DEMA (21): | 10.0549 | |
| Parabolic SAR (0,02-0,02-0,2): | 10.0842 | |
| Elder Ray (13): | 0.0076 | |
| Super Trend (3,10): | 10.1162 | |
| Zig ZAG (10): | 10.0810 | |
| VORTEX (21): | 0.9448 | |
| Stochastique (14,3,5): | 43.27 | |
| TEMA (21): | 10.0568 | |
| Williams %R (14): | -30.60 | |
| Chande Momentum Oscillator (20): | 0.0095 | |
| Repulse (5,40,3): | 0.3282 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0220 | |
| Courbe Coppock: | 0.30 |
| MA7: | 10.1414 | |
| MA20: | 10.0839 | |
| MA50: | 9.9275 | |
| MA100: | 9.9741 | |
| MAexp7: | 10.0653 | |
| MAexp20: | 10.0718 | |
| MAexp50: | 10.0965 | |
| MAexp100: | 10.1290 | |
| Price / MA7: | -0.64% | |
| Price / MA20: | -0.08% | |
| Price / MA50: | +1.50% | |
| Price / MA100: | +1.02% | |
| Price / MAexp7: | +0.11% | |
| Price / MAexp20: | +0.04% | |
| Price / MAexp50: | -0.20% | |
| Price / MAexp100: | -0.52% |
Quotes :
2020-10-06 06:58:30
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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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