CHF/NOK - 1H - Technical analysis published on 08/21/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
33%
22%
44%
My opinion
Bullish above 12.0026 NOK
My targets
12.1166 NOK (+0.0476)
12.1848 NOK (+0.1158)
My analysis
The basic bullish trend is very strong on CHF/NOK but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 12.0026 NOK. Crossing the first resistance at 12.1166 NOK would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 12.1848 NOK as an objective. Crossing it would then enable buyers to target 12.3428 NOK. Caution, a return to below 12.0026 NOK would be a sign of a consolidation phase in the short-term basic trend. 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, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
5
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Additional analysis
Quotes
The CHF/NOK rating is 12.0690 NOK. The price registered an increase of +0.00% on the session with the lowest point at 12.0359 NOK and the highest point at 12.0852 NOK. The deviation from the price is +0.28% for the low point and -0.13% for the high point.12.0359
12.0852
12.0690
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
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 CHF/NOK in 1H shows a strongly overall bullish trend. The signals given by moving averages are 82.14% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 6 are bullish, 8 are neutral and 4 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Aroon indicator bullish trend
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 | 11.7568 | 11.9241 | 12.0026 | 12.0690 | 12.1166 | 12.1848 | 12.3428 |
| Change (%) | -2.59% | -1.20% | -0.55% | - | +0.39% | +0.96% | +2.27% |
| Change | -0.3122 | -0.1449 | -0.0664 | - | +0.0476 | +0.1158 | +0.2738 |
| Level | Major | Major | Intermediate | - | Intermediate | 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 | 11.9152 | 11.9641 | 12.0167 | 12.0656 | 12.1182 | 12.1671 | 12.2197 |
| Camarilla | 12.0414 | 12.0507 | 12.0600 | 12.0693 | 12.0786 | 12.0879 | 12.0972 |
| Woodie | 11.9171 | 11.9650 | 12.0186 | 12.0665 | 12.1201 | 12.1680 | 12.2216 |
| Fibonacci | 11.9641 | 12.0029 | 12.0268 | 12.0656 | 12.1044 | 12.1283 | 12.1671 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.6973 | 11.7915 | 11.9304 | 12.0246 | 12.1635 | 12.2577 | 12.3966 |
| Camarilla | 12.0052 | 12.0266 | 12.0479 | 12.0693 | 12.0907 | 12.1120 | 12.1334 |
| Woodie | 11.7197 | 11.8027 | 11.9528 | 12.0358 | 12.1859 | 12.2689 | 12.4190 |
| Fibonacci | 11.7915 | 11.8805 | 11.9356 | 12.0246 | 12.1136 | 12.1687 | 12.2577 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.8551 | 11.1895 | 11.4052 | 11.7396 | 11.9553 | 12.2897 | 12.5054 |
| Camarilla | 11.4697 | 11.5202 | 11.5706 | 11.6210 | 11.6714 | 11.7219 | 11.7723 |
| Woodie | 10.7959 | 11.1598 | 11.3460 | 11.7099 | 11.8961 | 12.2600 | 12.4462 |
| Fibonacci | 11.1895 | 11.3996 | 11.5294 | 11.7396 | 11.9497 | 12.0795 | 12.2897 |
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): | 47.97 | |
| MACD (12,26,9): | 0.0009 | |
| Directional Movement: | -0.6412 | |
| AROON (14): | 28.5715 | |
| DEMA (21): | 12.0638 | |
| Parabolic SAR (0,02-0,02-0,2): | 12.0874 | |
| Elder Ray (13): | -0.0033 | |
| Super Trend (3,10): | 12.0234 | |
| Zig ZAG (10): | 12.0553 | |
| VORTEX (21): | 0.9884 | |
| Stochastique (14,3,5): | 41.63 | |
| TEMA (21): | 12.0602 | |
| Williams %R (14): | -52.94 | |
| Chande Momentum Oscillator (20): | 0.0023 | |
| Repulse (5,40,3): | -0.0434 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0032 | |
| Courbe Coppock: | 0.17 |
| MA7: | 12.0076 | |
| MA20: | 11.7981 | |
| MA50: | 11.8224 | |
| MA100: | 11.8772 | |
| MAexp7: | 12.0611 | |
| MAexp20: | 12.0614 | |
| MAexp50: | 12.0509 | |
| MAexp100: | 12.0132 | |
| Price / MA7: | +0.51% | |
| Price / MA20: | +2.30% | |
| Price / MA50: | +2.09% | |
| Price / MA100: | +1.61% | |
| Price / MAexp7: | +0.07% | |
| Price / MAexp20: | +0.06% | |
| Price / MAexp50: | +0.15% | |
| Price / MAexp100: | +0.46% |
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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