CHF/NOK - Daily - Technical analysis published on 01/17/2022 (GMT)
- 199
- 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Slightly bullish
Technical indicators
22%
33%
44%
My opinion
Bearish under 9.6754 NOK
My targets
9.3964 NOK (-0.1839)
9.2696 NOK (-0.3107)
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 9.6754 NOK, one could consider taking advantage of the short-term movement. The first bearish objective is located at 9.3964 NOK. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 9.2696 NOK as an objective. Crossing it would then enable sellers to target 9.0480 NOK. Be careful, a return to above 9.6754 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
1.1
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CHF/NOK price is 9.5803 NOK. The price is lower by -0.13% since the last closing and was traded between 9.5676 NOK and 9.6025 NOK over the period. The price is currently at +0.13% from its lowest and -0.23% from its highest.9.5676
9.6025
9.5803
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of CHF/NOK in Daily shows an overall slightly bullish trend. 53.57% of the signals given by moving averages are bullish. Caution: the strong bearish signals currently being given by short-term moving averages indicate that this slightly bullish trend could be reversed. The Central Indicators market scanner is currently detecting several bearish and bullish signals that could impact this trend:
Bullish trend reversal : Moving Average 100
Type : Bullish
Timeframe : Daily
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : Daily
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Other results related to technical indicators were also found by the Central Indicators scanner:
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Williams %R indicator is back under -50
Type : Bearish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
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 | 9.0480 | 9.2696 | 9.3964 | 9.5803 | 9.5905 | 9.6754 | 9.8478 |
| Change (%) | -5.56% | -3.24% | -1.92% | - | +0.11% | +0.99% | +2.79% |
| Change | -0.5323 | -0.3107 | -0.1839 | - | +0.0102 | +0.0951 | +0.2675 |
| Level | Intermediate | Minor | Minor | - | Major | Minor | Major |
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 | 9.4337 | 9.4753 | 9.5342 | 9.5758 | 9.6347 | 9.6763 | 9.7352 |
| Camarilla | 9.5656 | 9.5748 | 9.5840 | 9.5932 | 9.6024 | 9.6116 | 9.6208 |
| Woodie | 9.4425 | 9.4796 | 9.5430 | 9.5801 | 9.6435 | 9.6806 | 9.7440 |
| Fibonacci | 9.4753 | 9.5137 | 9.5374 | 9.5758 | 9.6142 | 9.6379 | 9.6763 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.3026 | 9.3744 | 9.4838 | 9.5556 | 9.6650 | 9.7368 | 9.8462 |
| Camarilla | 9.5434 | 9.5600 | 9.5766 | 9.5932 | 9.6098 | 9.6264 | 9.6430 |
| Woodie | 9.3214 | 9.3838 | 9.5026 | 9.5650 | 9.6838 | 9.7462 | 9.8650 |
| Fibonacci | 9.3744 | 9.4436 | 9.4864 | 9.5556 | 9.6248 | 9.6676 | 9.7368 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.0235 | 9.2964 | 9.4788 | 9.7517 | 9.9341 | 10.2070 | 10.3894 |
| Camarilla | 9.5361 | 9.5778 | 9.6196 | 9.6613 | 9.7030 | 9.7448 | 9.7865 |
| Woodie | 8.9784 | 9.2738 | 9.4337 | 9.7291 | 9.8890 | 10.1844 | 10.3443 |
| Fibonacci | 9.2964 | 9.4703 | 9.5777 | 9.7517 | 9.9256 | 10.0330 | 10.2070 |
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): | 46.25 | |
| MACD (12,26,9): | -0.0288 | |
| Directional Movement: | -3.6187 | |
| AROON (14): | -28.5714 | |
| DEMA (21): | 9.5811 | |
| Parabolic SAR (0,02-0,02-0,2): | 9.6527 | |
| Elder Ray (13): | -0.0062 | |
| Super Trend (3,10): | 9.7145 | |
| Zig ZAG (10): | 9.5702 | |
| VORTEX (21): | 0.8958 | |
| Stochastique (14,3,5): | 49.55 | |
| TEMA (21): | 9.5292 | |
| Williams %R (14): | -50.75 | |
| Chande Momentum Oscillator (20): | -0.0715 | |
| Repulse (5,40,3): | 0.2031 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0317 | |
| Courbe Coppock: | 1.71 |
| MA7: | 9.5541 | |
| MA20: | 9.6116 | |
| MA50: | 9.6445 | |
| MA100: | 9.4668 | |
| MAexp7: | 9.5717 | |
| MAexp20: | 9.6114 | |
| MAexp50: | 9.5959 | |
| MAexp100: | 9.5362 | |
| Price / MA7: | +0.27% | |
| Price / MA20: | -0.33% | |
| Price / MA50: | -0.67% | |
| Price / MA100: | +1.20% | |
| Price / MAexp7: | +0.09% | |
| Price / MAexp20: | -0.32% | |
| Price / MAexp50: | -0.16% | |
| Price / MAexp100: | +0.46% |
Quotes :
-
Real time data
-
Forex
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
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…
Add a comment
Comments
0 comments on the analysis CHF/NOK - Daily