CHF/NOK - 1H - Technical analysis published on 07/07/2023 (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
50%
6%
44%
My opinion
Bullish above 11.9918 NOK
My targets
12.0359 NOK (+0.0182)
12.0739 NOK (+0.0562)
My analysis
The bullish trend is currently very strong on CHF/NOK. As long as the price remains above the support at 11.9918 NOK, you could try to benefit from the boom. The first bullish objective is located at 12.0359 NOK. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 12.0739 NOK as an objective. Crossing it would then enable buyers to target 12.1099 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.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
7.5
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
CHF/NOK rating 12.0177 NOK. The price is lower by -0.01% since the last closing and was between 12.0055 NOK and 12.0302 NOK. This implies that the price is at +0.10% from its lowest and at -0.10% from its highest.12.0055
12.0302
12.0177
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by CHF/NOK:
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. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, according to the parameters integrated into the Central Analyzer system, only 9 technical indicators out of 18 analysed are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 11.8652 | 11.9241 | 11.9918 | 12.0177 | 12.0359 | 12.0739 | 12.1099 |
| Change (%) | -1.27% | -0.78% | -0.22% | - | +0.15% | +0.47% | +0.77% |
| Change | -0.1525 | -0.0936 | -0.0259 | - | +0.0182 | +0.0562 | +0.0922 |
| Level | Minor | Major | Minor | - | Intermediate | Minor | Minor |
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 | 11.6892 | 11.7772 | 11.8979 | 11.9859 | 12.1066 | 12.1946 | 12.3153 |
| Camarilla | 11.9612 | 11.9803 | 11.9995 | 12.0186 | 12.0377 | 12.0569 | 12.0760 |
| Woodie | 11.7056 | 11.7854 | 11.9143 | 11.9941 | 12.1230 | 12.2028 | 12.3317 |
| Fibonacci | 11.7772 | 11.8569 | 11.9062 | 11.9859 | 12.0656 | 12.1149 | 12.1946 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.6898 | 11.8041 | 11.8993 | 12.0136 | 12.1088 | 12.2231 | 12.3183 |
| Camarilla | 11.9369 | 11.9561 | 11.9753 | 11.9945 | 12.0137 | 12.0329 | 12.0521 |
| Woodie | 11.6803 | 11.7993 | 11.8898 | 12.0088 | 12.0993 | 12.2183 | 12.3088 |
| Fibonacci | 11.8041 | 11.8841 | 11.9336 | 12.0136 | 12.0936 | 12.1431 | 12.2231 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.0809 | 11.3904 | 11.6925 | 12.0020 | 12.3041 | 12.6136 | 12.9157 |
| Camarilla | 11.8263 | 11.8824 | 11.9384 | 11.9945 | 12.0506 | 12.1066 | 12.1627 |
| Woodie | 11.0771 | 11.3886 | 11.6887 | 12.0002 | 12.3003 | 12.6118 | 12.9119 |
| Fibonacci | 11.3904 | 11.6241 | 11.7684 | 12.0020 | 12.2357 | 12.3800 | 12.6136 |
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): | 63.25 | |
| MACD (12,26,9): | 0.0277 | |
| Directional Movement: | 10.8902 | |
| AROON (14): | 7.1429 | |
| DEMA (21): | 12.0310 | |
| Parabolic SAR (0,02-0,02-0,2): | 12.0055 | |
| Elder Ray (13): | 0.0087 | |
| Super Trend (3,10): | 11.9434 | |
| Zig ZAG (10): | 12.0186 | |
| VORTEX (21): | 1.2120 | |
| Stochastique (14,3,5): | 60.54 | |
| TEMA (21): | 12.0388 | |
| Williams %R (14): | -47.51 | |
| Chande Momentum Oscillator (20): | 0.0059 | |
| Repulse (5,40,3): | 0.0103 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0386 | |
| Courbe Coppock: | 0.96 |
| MA7: | 11.9628 | |
| MA20: | 11.9319 | |
| MA50: | 12.0148 | |
| MA100: | 11.7384 | |
| MAexp7: | 12.0160 | |
| MAexp20: | 11.9931 | |
| MAexp50: | 11.9543 | |
| MAexp100: | 11.9450 | |
| Price / MA7: | +0.46% | |
| Price / MA20: | +0.72% | |
| Price / MA50: | +0.02% | |
| Price / MA100: | +2.38% | |
| Price / MAexp7: | +0.01% | |
| Price / MAexp20: | +0.20% | |
| Price / MAexp50: | +0.53% | |
| Price / MAexp100: | +0.60% |
Quotes :
-
Real time data
-
Forex
This member declared not having a position on this financial instrument or a related financial instrument.
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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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