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 07/24/2023 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Slightly bearish
Technical indicators
61%
6%
33%
My opinion
Bullish above 11.6254 NOK
My targets
11.6728 NOK (+0.0338)
11.7312 NOK (+0.0922)
My analysis
The strong short-term increase in CHF/NOK calls into question the currently slightly bearish basic trend. A trend reversal is likely. As long as the price remains above 11.6254 NOK, you could consider taking advantage of the short-term movement. The first bullish objective is located at 11.6728 NOK. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 11.7312 NOK as an objective. Crossing it would then enable buyers to target 11.7656 NOK. Caution, a return under 11.6254 NOK could jeopardize the reversal.

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
2.5

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 11.6390 NOK. On the day, this instrument gained +0.00% and was between 11.5900 NOK and 11.6596 NOK. This implies that the price is at +0.42% from its lowest and at -0.18% from its highest.

11.5900
11.6596
11.6390

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by CHF/NOK:
The Central Records scanner, which identifies the highest / lowest, has detected an element:

Central Records

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of this 1H chart of CHF/NOK indicates that the overall trend is slightly bearish. 53.57% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages could quickly lead to a reversal of the trend. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:

Central Indicators

Bullish trend reversal : adaptative moving average 50

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : 1 hour



The technical indicators are bullish. There is still some doubt about the price increase.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

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



The analysis of the price chart with Central Patterns scanners does not return any result.

The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:

Central Candlesticks

Bullish engulfing lines

Type : Bullish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 11.2603 11.5758 11.6254 11.6390 11.6728 11.7312 11.7656
Change (%) -3.25% -0.54% -0.12% - +0.29% +0.79% +1.09%
Change -0.3787 -0.0632 -0.0136 - +0.0338 +0.0922 +0.1266
Level Minor Intermediate Minor - Intermediate 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
Standard11.468711.516211.577711.625211.686711.734211.7957
Camarilla11.609111.619111.629111.639111.649111.659111.6691
Woodie11.475611.519711.584611.628711.693611.737711.8026
Fibonacci11.516211.557911.583611.625211.666911.692611.7342


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard11.323311.440611.539911.657211.756511.873811.9731
Camarilla11.579511.599411.619311.639111.659011.678811.6987
Woodie11.314211.436111.530811.652711.747411.869311.9640
Fibonacci11.440611.523411.574511.657211.740011.791111.8738


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 the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators
Moving averages

RSI (14): 54.98
MACD (12,26,9): 0.0031
Directional Movement: -3.7321
AROON (14): 7.1429
DEMA (21): 11.6351
Parabolic SAR (0,02-0,02-0,2): 11.6604
Elder Ray (13): 0.0018
Super Trend (3,10): 11.6719
Zig ZAG (10): 11.6445
VORTEX (21): 1.1003
Stochastique (14,3,5): 63.04
TEMA (21): 11.6416
Williams %R (14): -20.11
Chande Momentum Oscillator (20): 0.0084
Repulse (5,40,3): 0.1202
ROCnROLL: 1
TRIX (15,9): 0.0040
Courbe Coppock: 0.01
MA7: 11.6699
MA20: 11.8153
MA50: 11.9570
MA100: 11.8044
MAexp7: 11.6353
MAexp20: 11.6318
MAexp50: 11.6353
MAexp100: 11.6524
Price / MA7: -0.26%
Price / MA20: -1.49%
Price / MA50: -2.66%
Price / MA100: -1.40%
Price / MAexp7: +0.03%
Price / MAexp20: +0.06%
Price / MAexp50: +0.03%
Price / MAexp100: -0.11%

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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