CHF/NOK - 1H - Technical analysis published on 09/01/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
39%
28%
33%
My opinion
Bearish under 12.0505 NOK
My targets
12.0187 NOK (-0.0168)
11.9241 NOK (-0.1114)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 12.0505 NOK remains possible. It is advisable to trade CHF/NOK with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 12.0505 NOK. The next bearish objective for sellers is set at 12.0187 NOK. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 11.9241 NOK. In case of crossing, the next objective would be the support located at 11.5638 NOK. PS: if there is a bullish break in the resistance located at 12.0505 NOK we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
2.9
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Additional analysis
Quotes
The CHF/NOK rating is 12.0355 NOK. On the day, this instrument lost -0.01% and was traded between 11.9580 NOK and 12.0722 NOK over the period. The price is currently at +0.65% from its lowest and -0.30% from its highest.11.9580
12.0722
12.0355
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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
A technical analysis in 1H of this CHF/NOK chart shows a bearish trend. 75.00% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Other results related to technical indicators were also found by the Central Indicators scanner:
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 11.5638 | 11.9241 | 12.0187 | 12.0355 | 12.0505 | 12.1233 | 12.1494 |
| Change (%) | -3.92% | -0.93% | -0.14% | - | +0.12% | +0.73% | +0.95% |
| Change | -0.4717 | -0.1114 | -0.0168 | - | +0.0150 | +0.0878 | +0.1139 |
| Level | Intermediate | Major | Intermediate | - | Intermediate | Intermediate | 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 | 11.8902 | 11.9544 | 11.9952 | 12.0594 | 12.1002 | 12.1644 | 12.2052 |
| Camarilla | 12.0072 | 12.0169 | 12.0265 | 12.0361 | 12.0457 | 12.0554 | 12.0650 |
| Woodie | 11.8786 | 11.9486 | 11.9836 | 12.0536 | 12.0886 | 12.1586 | 12.1936 |
| Fibonacci | 11.9544 | 11.9945 | 12.0193 | 12.0594 | 12.0995 | 12.1243 | 12.1644 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.8356 | 11.9187 | 12.0114 | 12.0945 | 12.1872 | 12.2703 | 12.3630 |
| Camarilla | 12.0558 | 12.0719 | 12.0880 | 12.1041 | 12.1202 | 12.1363 | 12.1525 |
| Woodie | 11.8404 | 11.9211 | 12.0162 | 12.0969 | 12.1920 | 12.2727 | 12.3678 |
| Fibonacci | 11.9187 | 11.9859 | 12.0273 | 12.0945 | 12.1617 | 12.2031 | 12.2703 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.0420 | 11.2984 | 11.6673 | 11.9237 | 12.2926 | 12.5490 | 12.9179 |
| Camarilla | 11.8641 | 11.9215 | 11.9788 | 12.0361 | 12.0934 | 12.1507 | 12.2081 |
| Woodie | 11.0982 | 11.3265 | 11.7235 | 11.9518 | 12.3488 | 12.5771 | 12.9741 |
| Fibonacci | 11.2984 | 11.5373 | 11.6849 | 11.9237 | 12.1626 | 12.3102 | 12.5490 |
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): | 49.88 | |
| MACD (12,26,9): | -0.0132 | |
| Directional Movement: | -6.1970 | |
| AROON (14): | -42.8572 | |
| DEMA (21): | 12.0084 | |
| Parabolic SAR (0,02-0,02-0,2): | 12.0400 | |
| Elder Ray (13): | -0.0124 | |
| Super Trend (3,10): | 12.0596 | |
| Zig ZAG (10): | 12.0296 | |
| VORTEX (21): | 0.8804 | |
| Stochastique (14,3,5): | 35.90 | |
| TEMA (21): | 12.0026 | |
| Williams %R (14): | -36.25 | |
| Chande Momentum Oscillator (20): | -0.0012 | |
| Repulse (5,40,3): | 0.3570 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0132 | |
| Courbe Coppock: | 0.46 |
| MA7: | 12.0761 | |
| MA20: | 11.9749 | |
| MA50: | 11.8574 | |
| MA100: | 11.9224 | |
| MAexp7: | 12.0111 | |
| MAexp20: | 12.0245 | |
| MAexp50: | 12.0426 | |
| MAexp100: | 12.0577 | |
| Price / MA7: | -0.34% | |
| Price / MA20: | +0.51% | |
| Price / MA50: | +1.50% | |
| Price / MA100: | +0.95% | |
| Price / MAexp7: | +0.20% | |
| Price / MAexp20: | +0.09% | |
| Price / MAexp50: | -0.06% | |
| Price / MAexp100: | -0.18% |
Quotes :
-
Real time data
-
Forex
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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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