CHF/NOK - 1H - Technical analysis published on 01/30/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 10.7015 NOK
My targets
10.7509 NOK (+0.0117)
10.7830 NOK (+0.0438)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on CHF/NOK as long as the price remains well above 10.7015 NOK. The buyers' bullish objective is set at 10.7509 NOK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 10.7830 NOK. If there is any crossing, the next objective would be the resistance located at 10.8277 NOK. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.9
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Additional analysis
Quotes
The CHF/NOK rating is 10.7392 NOK. The price is lower by -0.01% since the last closing and was traded between 10.7001 NOK and 10.7618 NOK over the period. The price is currently at +0.37% from its lowest and -0.21% from its highest.10.7001
10.7618
10.7392
The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this CHF/NOK chart shows a strongly bullish trend. The signals given by the moving averages are 85.71% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Moving Average bullish crossovers : MA20 & MA50
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
CCI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
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 | 10.6120 | 10.6556 | 10.7015 | 10.7392 | 10.7509 | 10.7830 | 10.8277 |
| Change (%) | -1.18% | -0.78% | -0.35% | - | +0.11% | +0.41% | +0.82% |
| Change | -0.1272 | -0.0836 | -0.0377 | - | +0.0117 | +0.0438 | +0.0885 |
| Level | Intermediate | Minor | Major | - | Minor | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.6486 | 10.6714 | 10.7056 | 10.7284 | 10.7626 | 10.7854 | 10.8196 |
| Camarilla | 10.7241 | 10.7294 | 10.7346 | 10.7398 | 10.7450 | 10.7503 | 10.7555 |
| Woodie | 10.6543 | 10.6743 | 10.7113 | 10.7313 | 10.7683 | 10.7883 | 10.8253 |
| Fibonacci | 10.6714 | 10.6932 | 10.7066 | 10.7284 | 10.7502 | 10.7636 | 10.7854 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.4160 | 10.5140 | 10.6269 | 10.7249 | 10.8378 | 10.9358 | 11.0487 |
| Camarilla | 10.6818 | 10.7011 | 10.7205 | 10.7398 | 10.7591 | 10.7785 | 10.7978 |
| Woodie | 10.4235 | 10.5177 | 10.6344 | 10.7286 | 10.8453 | 10.9395 | 11.0562 |
| Fibonacci | 10.5140 | 10.5946 | 10.6443 | 10.7249 | 10.8055 | 10.8552 | 10.9358 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.9936 | 10.1738 | 10.3825 | 10.5627 | 10.7714 | 10.9516 | 11.1603 |
| Camarilla | 10.4842 | 10.5198 | 10.5555 | 10.5911 | 10.6268 | 10.6624 | 10.6981 |
| Woodie | 10.0078 | 10.1809 | 10.3967 | 10.5698 | 10.7856 | 10.9587 | 11.1745 |
| Fibonacci | 10.1738 | 10.3224 | 10.4142 | 10.5627 | 10.7113 | 10.8031 | 10.9516 |
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): | 58.33 | |
| MACD (12,26,9): | 0.0055 | |
| Directional Movement: | 5.1125 | |
| AROON (14): | 78.5714 | |
| DEMA (21): | 10.7411 | |
| Parabolic SAR (0,02-0,02-0,2): | 10.7138 | |
| Elder Ray (13): | 0.0118 | |
| Super Trend (3,10): | 10.7741 | |
| Zig ZAG (10): | 10.7564 | |
| VORTEX (21): | 1.0565 | |
| Stochastique (14,3,5): | 84.60 | |
| TEMA (21): | 10.7481 | |
| Williams %R (14): | -11.51 | |
| Chande Momentum Oscillator (20): | 0.0436 | |
| Repulse (5,40,3): | 0.1833 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0027 | |
| Courbe Coppock: | 0.47 |
| MA7: | 10.7241 | |
| MA20: | 10.7596 | |
| MA50: | 10.6516 | |
| MA100: | 10.6311 | |
| MAexp7: | 10.7440 | |
| MAexp20: | 10.7357 | |
| MAexp50: | 10.7331 | |
| MAexp100: | 10.7301 | |
| Price / MA7: | +0.14% | |
| Price / MA20: | -0.19% | |
| Price / MA50: | +0.82% | |
| Price / MA100: | +1.02% | |
| Price / MAexp7: | -0.04% | |
| Price / MAexp20: | +0.03% | |
| Price / MAexp50: | +0.06% | |
| Price / MAexp100: | +0.08% |
Quotes :
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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.
About author
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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…
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