CHF/NOK - 1H - Technical analysis published on 05/17/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 11.9876 NOK
My targets
12.0566 NOK (+0.0382)
12.1115 NOK (+0.0931)
My analysis
The bullish trend is currently very strong on CHF/NOK. As long as the price remains above the support at 11.9876 NOK, you could try to benefit from the boom. The first bullish objective is located at 12.0566 NOK. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 12.1115 NOK as an objective. Crossing it would then enable buyers to target 12.1848 NOK. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
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
8.2
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This analysis was given by Simon1. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
CHF/NOK rating 12.0184 NOK. On the day, this instrument gained +0.48% and was between 11.9397 NOK and 12.0256 NOK. This implies that the price is at +0.66% from its lowest and at -0.06% from its highest.11.9397
12.0256
12.0184
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
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 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 bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
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
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
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 presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Bearish harami
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 11.9241 | 11.9876 | 12.0153 | 12.0184 | 12.0566 | 12.1115 | 12.1848 |
| Change (%) | -0.78% | -0.26% | -0.03% | - | +0.32% | +0.77% | +1.38% |
| Change | -0.0943 | -0.0308 | -0.0031 | - | +0.0382 | +0.0931 | +0.1664 |
| Level | Major | 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 | 11.7046 | 11.7665 | 11.8637 | 11.9256 | 12.0228 | 12.0847 | 12.1819 |
| Camarilla | 11.9171 | 11.9316 | 11.9462 | 11.9608 | 11.9754 | 11.9900 | 12.0046 |
| Woodie | 11.7222 | 11.7753 | 11.8813 | 11.9344 | 12.0404 | 12.0935 | 12.1995 |
| Fibonacci | 11.7665 | 11.8273 | 11.8649 | 11.9256 | 11.9864 | 12.0240 | 12.0847 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.5033 | 11.6275 | 11.7670 | 11.8912 | 12.0307 | 12.1549 | 12.2944 |
| Camarilla | 11.8341 | 11.8583 | 11.8824 | 11.9066 | 11.9308 | 11.9550 | 11.9791 |
| Woodie | 11.5111 | 11.6313 | 11.7748 | 11.8950 | 12.0385 | 12.1587 | 12.3022 |
| Fibonacci | 11.6275 | 11.7282 | 11.7904 | 11.8912 | 11.9919 | 12.0541 | 12.1549 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.6650 | 10.9614 | 11.4368 | 11.7332 | 12.2086 | 12.5050 | 12.9804 |
| Camarilla | 11.7001 | 11.7708 | 11.8416 | 11.9123 | 11.9831 | 12.0538 | 12.1246 |
| Woodie | 10.7546 | 11.0062 | 11.5264 | 11.7780 | 12.2982 | 12.5498 | 13.0700 |
| Fibonacci | 10.9614 | 11.2562 | 11.4383 | 11.7332 | 12.0280 | 12.2101 | 12.5050 |
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): | 59.95 | |
| MACD (12,26,9): | 0.0224 | |
| Directional Movement: | 11.6856 | |
| AROON (14): | 35.7143 | |
| DEMA (21): | 11.9996 | |
| Parabolic SAR (0,02-0,02-0,2): | 11.9537 | |
| Elder Ray (13): | 0.0171 | |
| Super Trend (3,10): | 11.9359 | |
| Zig ZAG (10): | 11.9959 | |
| VORTEX (21): | 1.1333 | |
| Stochastique (14,3,5): | 68.84 | |
| TEMA (21): | 12.0059 | |
| Williams %R (14): | -35.86 | |
| Chande Momentum Oscillator (20): | 0.0325 | |
| Repulse (5,40,3): | 0.0156 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0282 | |
| Courbe Coppock: | 0.49 |
| MA7: | 11.9023 | |
| MA20: | 11.9307 | |
| MA50: | 11.6770 | |
| MA100: | 11.3024 | |
| MAexp7: | 11.9926 | |
| MAexp20: | 11.9694 | |
| MAexp50: | 11.9359 | |
| MAexp100: | 11.9177 | |
| Price / MA7: | +0.98% | |
| Price / MA20: | +0.74% | |
| Price / MA50: | +2.92% | |
| Price / MA100: | +6.33% | |
| Price / MAexp7: | +0.22% | |
| Price / MAexp20: | +0.41% | |
| Price / MAexp50: | +0.69% | |
| Price / MAexp100: | +0.84% |
Quotes :
-
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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