CHF/NOK - 1H - Technical analysis published on 10/23/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
44%
11%
44%
My opinion
Bullish above 12.3428 NOK
My targets
12.4099 NOK (+0.0135)
My analysis
The bullish trend is currently very strong on CHF/NOK. As long as the price remains above the support at 12.3428 NOK, you could try to benefit from the boom. The first bullish objective is located at 12.4099 NOK. The bullish momentum would be boosted by a break in this resistance. 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
7.1
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CHF/NOK rating is 12.3964 NOK. The price is lower by -0.02% since the last closing with the lowest point at 12.3830 NOK and the highest point at 12.4137 NOK. The deviation from the price is +0.11% for the low point and -0.14% for the high point.12.3830
12.4137
12.3964
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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
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 strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, only 8 technical indicators out of 18 studied are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 12.1713 | 12.2806 | 12.3428 | 12.3964 | 12.4099 |
| Change (%) | -1.82% | -0.93% | -0.43% | - | +0.11% |
| Change | -0.2251 | -0.1158 | -0.0536 | - | +0.0135 |
| Level | Major | Intermediate | Major | - | Intermediate |
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 | 12.2636 | 12.2957 | 12.3471 | 12.3792 | 12.4306 | 12.4627 | 12.5141 |
| Camarilla | 12.3755 | 12.3832 | 12.3909 | 12.3985 | 12.4062 | 12.4138 | 12.4215 |
| Woodie | 12.2733 | 12.3005 | 12.3568 | 12.3840 | 12.4403 | 12.4675 | 12.5238 |
| Fibonacci | 12.2957 | 12.3276 | 12.3473 | 12.3792 | 12.4111 | 12.4308 | 12.4627 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.8684 | 11.9796 | 12.1890 | 12.3002 | 12.5096 | 12.6208 | 12.8302 |
| Camarilla | 12.3103 | 12.3397 | 12.3691 | 12.3985 | 12.4279 | 12.4573 | 12.4867 |
| Woodie | 11.9176 | 12.0042 | 12.2382 | 12.3248 | 12.5588 | 12.6454 | 12.8794 |
| Fibonacci | 11.9796 | 12.1020 | 12.1777 | 12.3002 | 12.4226 | 12.4983 | 12.6208 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.9556 | 11.2821 | 11.4790 | 11.8055 | 12.0024 | 12.3289 | 12.5258 |
| Camarilla | 11.5321 | 11.5800 | 11.6280 | 11.6760 | 11.7240 | 11.7720 | 11.8199 |
| Woodie | 10.8909 | 11.2497 | 11.4143 | 11.7731 | 11.9377 | 12.2965 | 12.4611 |
| Fibonacci | 11.2821 | 11.4820 | 11.6055 | 11.8055 | 12.0054 | 12.1289 | 12.3289 |
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): | 56.83 | |
| MACD (12,26,9): | 0.0113 | |
| Directional Movement: | 7.0699 | |
| AROON (14): | 42.8571 | |
| DEMA (21): | 12.4041 | |
| Parabolic SAR (0,02-0,02-0,2): | 12.3842 | |
| Elder Ray (13): | 0.0004 | |
| Super Trend (3,10): | 12.3406 | |
| Zig ZAG (10): | 12.3943 | |
| VORTEX (21): | 1.0755 | |
| Stochastique (14,3,5): | 49.71 | |
| TEMA (21): | 12.3996 | |
| Williams %R (14): | -46.18 | |
| Chande Momentum Oscillator (20): | 0.0095 | |
| Repulse (5,40,3): | 0.0117 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0162 | |
| Courbe Coppock: | 0.13 |
| MA7: | 12.2660 | |
| MA20: | 12.0243 | |
| MA50: | 12.0219 | |
| MA100: | 11.9229 | |
| MAexp7: | 12.3958 | |
| MAexp20: | 12.3872 | |
| MAexp50: | 12.3543 | |
| MAexp100: | 12.2949 | |
| Price / MA7: | +1.06% | |
| Price / MA20: | +3.09% | |
| Price / MA50: | +3.12% | |
| Price / MA100: | +3.97% | |
| Price / MAexp7: | +0.00% | |
| Price / MAexp20: | +0.07% | |
| Price / MAexp50: | +0.34% | |
| Price / MAexp100: | +0.83% |
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.
About author
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