CHF/NOK - 1H - Technical analysis published on 04/19/2024 (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:
Neutral
Underlying:
Bullish
Technical indicators
22%
33%
44%
My opinion
Bullish above 12.0510 NOK
My targets
12.2275 NOK (+0.1095)
12.2819 NOK (+0.1639)
My analysis
Has the basic bullish 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 bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 12.0510 NOK remains possible. It is advisable to trade CHF/NOK with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 12.0510 NOK. The next bullish objective for buyers is set at 12.2275 NOK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 12.2819 NOK. If there is any crossing, the next objective would be the resistance located at 12.4322 NOK. PS: if there is a bearish break in the support located at 12.0510 NOK we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
2.9
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Additional analysis
Quotes
The CHF/NOK rating is 12.1180 NOK. On the day, this instrument gained +0.00% with the lowest point at 12.0881 NOK and the highest point at 12.3055 NOK. The deviation from the price is +0.25% for the low point and -1.52% for the high point.12.0881
12.3055
12.1180
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 LOW record (1 year)
Type : Bearish
Timeframe : Weekly
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 bullish. The signals given by moving averages are 75.00% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
The Central Indicators scanner found this result concerning these indicators:
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Support of channel is broken
Type : Bearish
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 | 11.7958 | 11.9241 | 12.0510 | 12.1180 | 12.1214 | 12.2819 | 12.4322 |
| Change (%) | -2.66% | -1.60% | -0.55% | - | +0.03% | +1.35% | +2.59% |
| Change | -0.3222 | -0.1939 | -0.0670 | - | +0.0034 | +0.1639 | +0.3142 |
| Level | Intermediate | Major | Intermediate | - | Major | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.9906 | 12.0208 | 12.0696 | 12.0998 | 12.1486 | 12.1788 | 12.2276 |
| Camarilla | 12.0967 | 12.1039 | 12.1112 | 12.1184 | 12.1256 | 12.1329 | 12.1401 |
| Woodie | 11.9999 | 12.0255 | 12.0789 | 12.1045 | 12.1579 | 12.1835 | 12.2369 |
| Fibonacci | 12.0208 | 12.0510 | 12.0696 | 12.0998 | 12.1300 | 12.1486 | 12.1788 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.5849 | 11.6780 | 11.7991 | 11.8922 | 12.0133 | 12.1064 | 12.2275 |
| Camarilla | 11.8614 | 11.8810 | 11.9007 | 11.9203 | 11.9399 | 11.9596 | 11.9792 |
| Woodie | 11.5990 | 11.6850 | 11.8132 | 11.8992 | 12.0274 | 12.1134 | 12.2416 |
| Fibonacci | 11.6780 | 11.7598 | 11.8103 | 11.8922 | 11.9740 | 12.0245 | 12.1064 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.5102 | 11.6408 | 11.8223 | 11.9529 | 12.1344 | 12.2650 | 12.4465 |
| Camarilla | 11.9179 | 11.9465 | 11.9751 | 12.0037 | 12.0323 | 12.0609 | 12.0895 |
| Woodie | 11.5356 | 11.6535 | 11.8477 | 11.9656 | 12.1598 | 12.2777 | 12.4719 |
| Fibonacci | 11.6408 | 11.7601 | 11.8337 | 11.9529 | 12.0722 | 12.1458 | 12.2650 |
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): | 46.44 | |
| MACD (12,26,9): | -0.0021 | |
| Directional Movement: | -1.0834 | |
| AROON (14): | -64.2857 | |
| DEMA (21): | 12.1353 | |
| Parabolic SAR (0,02-0,02-0,2): | 12.1629 | |
| Elder Ray (13): | -0.0146 | |
| Super Trend (3,10): | 12.2084 | |
| Zig ZAG (10): | 12.1183 | |
| VORTEX (21): | 1.0055 | |
| Stochastique (14,3,5): | 20.77 | |
| TEMA (21): | 12.1199 | |
| Williams %R (14): | -72.50 | |
| Chande Momentum Oscillator (20): | -0.0398 | |
| Repulse (5,40,3): | -0.0557 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0087 | |
| Courbe Coppock: | 0.85 |
| MA7: | 12.0228 | |
| MA20: | 11.9580 | |
| MA50: | 11.9520 | |
| MA100: | 12.0584 | |
| MAexp7: | 12.1216 | |
| MAexp20: | 12.1328 | |
| MAexp50: | 12.1147 | |
| MAexp100: | 12.0727 | |
| Price / MA7: | +0.79% | |
| Price / MA20: | +1.34% | |
| Price / MA50: | +1.39% | |
| Price / MA100: | +0.49% | |
| Price / MAexp7: | -0.03% | |
| Price / MAexp20: | -0.12% | |
| Price / MAexp50: | +0.03% | |
| Price / MAexp100: | +0.38% |
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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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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