CHF/NOK
CHF NOK
- NOK (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: CHFNOK
ISIN:

CHF/NOK - 1H - Technical analysis published on 07/07/2023 (GMT)

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  • Timeframe : 1H
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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

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 Londinia. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

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.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by CHF/NOK:
The Central Records scanner for higher/lower results shows the following items:

Central Records

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:

Central Indicators

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:

Central Candlesticks

Doji

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
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
Standard11.689211.777211.897911.985912.106612.194612.3153
Camarilla11.961211.980311.999512.018612.037712.056912.0760
Woodie11.705611.785411.914311.994112.123012.202812.3317
Fibonacci11.777211.856911.906211.985912.065612.114912.1946


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard11.689811.804111.899312.013612.108812.223112.3183
Camarilla11.936911.956111.975311.994512.013712.032912.0521
Woodie11.680311.799311.889812.008812.099312.218312.3088
Fibonacci11.804111.884111.933612.013612.093612.143112.2231


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard11.080911.390411.692512.002012.304112.613612.9157
Camarilla11.826311.882411.938411.994512.050612.106612.1627
Woodie11.077111.388611.688712.000212.300312.611812.9119
Fibonacci11.390411.624111.768412.002012.235712.380012.6136

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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