CHF/NOK - 1H - Technical analysis published on 01/03/2024 (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:
Strongly bullish
Technical indicators
61%
0%
39%
My opinion
Bullish above 12.1556 NOK
My targets
12.3428 NOK (+0.1661)
12.4983 NOK (+0.3216)
My analysis
CHF/NOK is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 12.1556 NOK. The next resistance located at 12.3428 NOK is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 12.4983 NOK. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8
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Additional analysis
Quotes
The CHF/NOK rating is 12.1767 NOK. The price is lower by -0.01% since the last closing and was traded between 12.1671 NOK and 12.1884 NOK over the period. The price is currently at +0.08% from its lowest and -0.10% from its highest.12.1671
12.1884
12.1767
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend 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 (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this CHF/NOK chart shows a strongly bullish trend. 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. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The probability of a further increase are moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
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
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 11.9933 | 12.0775 | 12.1556 | 12.1767 | 12.1845 | 12.3428 | 12.4983 |
| Change (%) | -1.51% | -0.81% | -0.17% | - | +0.06% | +1.36% | +2.64% |
| Change | -0.1834 | -0.0992 | -0.0211 | - | +0.0078 | +0.1661 | +0.3216 |
| Level | Intermediate | Major | Intermediate | - | Intermediate | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.8461 | 11.9199 | 12.0487 | 12.1225 | 12.2513 | 12.3251 | 12.4539 |
| Camarilla | 12.1219 | 12.1405 | 12.1590 | 12.1776 | 12.1962 | 12.2147 | 12.2333 |
| Woodie | 11.8737 | 11.9337 | 12.0763 | 12.1363 | 12.2789 | 12.3389 | 12.4815 |
| Fibonacci | 11.9199 | 11.9973 | 12.0451 | 12.1225 | 12.1999 | 12.2477 | 12.3251 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 12.0908 | 12.0908 | 12.0908 | 12.0908 | 12.0908 | 12.0908 | 12.0908 |
| Camarilla | 12.0908 | 12.0908 | 12.0908 | 12.0908 | 12.0908 | 12.0908 | 12.0908 |
| Woodie | 12.0908 | 12.0908 | 12.0908 | 12.0908 | 12.0908 | 12.0908 | 12.0908 |
| Fibonacci | 12.0908 | 12.0908 | 12.0908 | 12.0908 | 12.0908 | 12.0908 | 12.0908 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.0695 | 11.4633 | 11.7738 | 12.1676 | 12.4781 | 12.8719 | 13.1824 |
| Camarilla | 11.8906 | 11.9552 | 12.0197 | 12.0843 | 12.1489 | 12.2134 | 12.2780 |
| Woodie | 11.0279 | 11.4425 | 11.7322 | 12.1468 | 12.4365 | 12.8511 | 13.1408 |
| Fibonacci | 11.4633 | 11.7323 | 11.8986 | 12.1676 | 12.4366 | 12.6029 | 12.8719 |
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): | 63.87 | |
| MACD (12,26,9): | 0.0276 | |
| Directional Movement: | 9.3572 | |
| AROON (14): | 28.5714 | |
| DEMA (21): | 12.1788 | |
| Parabolic SAR (0,02-0,02-0,2): | 12.1207 | |
| Elder Ray (13): | 0.0203 | |
| Super Trend (3,10): | 12.1008 | |
| Zig ZAG (10): | 12.1786 | |
| VORTEX (21): | 1.1754 | |
| Stochastique (14,3,5): | 86.69 | |
| TEMA (21): | 12.1944 | |
| Williams %R (14): | -20.74 | |
| Chande Momentum Oscillator (20): | 0.0100 | |
| Repulse (5,40,3): | 0.0839 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0295 | |
| Courbe Coppock: | 1.69 |
| MA7: | 12.0991 | |
| MA20: | 12.1370 | |
| MA50: | 12.2276 | |
| MA100: | 12.1346 | |
| MAexp7: | 12.1735 | |
| MAexp20: | 12.1444 | |
| MAexp50: | 12.1078 | |
| MAexp100: | 12.0689 | |
| Price / MA7: | +0.64% | |
| Price / MA20: | +0.33% | |
| Price / MA50: | -0.42% | |
| Price / MA100: | +0.35% | |
| Price / MAexp7: | +0.03% | |
| Price / MAexp20: | +0.27% | |
| Price / MAexp50: | +0.57% | |
| Price / MAexp100: | +0.89% |
Quotes :
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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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