CHF/NOK - 1H - Technical analysis published on 07/24/2023 (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:
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
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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.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by CHF/NOK:
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:
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:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
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:
Bullish engulfing lines
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| 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 |
|---|---|---|---|---|---|---|---|
| Standard | 11.4687 | 11.5162 | 11.5777 | 11.6252 | 11.6867 | 11.7342 | 11.7957 |
| Camarilla | 11.6091 | 11.6191 | 11.6291 | 11.6391 | 11.6491 | 11.6591 | 11.6691 |
| Woodie | 11.4756 | 11.5197 | 11.5846 | 11.6287 | 11.6936 | 11.7377 | 11.8026 |
| Fibonacci | 11.5162 | 11.5579 | 11.5836 | 11.6252 | 11.6669 | 11.6926 | 11.7342 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.3233 | 11.4406 | 11.5399 | 11.6572 | 11.7565 | 11.8738 | 11.9731 |
| Camarilla | 11.5795 | 11.5994 | 11.6193 | 11.6391 | 11.6590 | 11.6788 | 11.6987 |
| Woodie | 11.3142 | 11.4361 | 11.5308 | 11.6527 | 11.7474 | 11.8693 | 11.9640 |
| Fibonacci | 11.4406 | 11.5234 | 11.5745 | 11.6572 | 11.7400 | 11.7911 | 11.8738 |
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 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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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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