CHF/NOK - 1H - Technical analysis published on 04/25/2024 (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:
Neutral
Technical indicators
72%
0%
28%
My opinion
Bullish above 11.9913 NOK
My targets
12.0597 NOK (+0.0409)
12.1214 NOK (+0.1026)
My analysis
The current short-term bullish trend should quickly fix the basic bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for CHF/NOK as long as the price remains well above 11.9913 NOK. The buyers' bullish objective is set at 12.0597 NOK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 12.1214 NOK. If there is any crossing, the next objective would be the resistance located at 12.2819 NOK.
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
3.8
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Additional analysis
Quotes
The CHF/NOK rating is 12.0188 NOK. The price registered a decrease of -0.03% on the session and was traded between 11.9609 NOK and 12.0543 NOK over the period. The price is currently at +0.48% from its lowest and -0.29% from its highest.11.9609
12.0543
12.0188
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
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 HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of CHF/NOK indicates that the overall trend is not clearly defined. The strong bullish signals currently being given by short-term moving averages could allow the overall trend to return to bullish. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish trend reversal : Moving Average 50
Type : Bullish
Timeframe : 1 hour
In fact, 13 technical indicators on 18 studied are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
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 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 | 11.8863 | 11.9241 | 11.9913 | 12.0188 | 12.0252 | 12.0597 | 12.1214 |
| Change (%) | -1.10% | -0.79% | -0.23% | - | +0.05% | +0.34% | +0.85% |
| Change | -0.1325 | -0.0947 | -0.0275 | - | +0.0064 | +0.0409 | +0.1026 |
| Level | Minor | Major | Minor | - | Minor | Intermediate | Major |
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 | 11.8185 | 11.8744 | 11.9486 | 12.0045 | 12.0787 | 12.1346 | 12.2088 |
| Camarilla | 11.9871 | 11.9991 | 12.0110 | 12.0229 | 12.0348 | 12.0468 | 12.0587 |
| Woodie | 11.8278 | 11.8790 | 11.9579 | 12.0091 | 12.0880 | 12.1392 | 12.2181 |
| Fibonacci | 11.8744 | 11.9241 | 11.9548 | 12.0045 | 12.0542 | 12.0849 | 12.1346 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.4746 | 11.6804 | 11.8938 | 12.0996 | 12.3130 | 12.5188 | 12.7322 |
| Camarilla | 11.9918 | 12.0303 | 12.0687 | 12.1071 | 12.1455 | 12.1840 | 12.2224 |
| Woodie | 11.4783 | 11.6823 | 11.8975 | 12.1015 | 12.3167 | 12.5207 | 12.7359 |
| Fibonacci | 11.6804 | 11.8406 | 11.9395 | 12.0996 | 12.2598 | 12.3587 | 12.5188 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 56.34 | |
| MACD (12,26,9): | 0.0048 | |
| Directional Movement: | 11.8540 | |
| AROON (14): | 7.1429 | |
| DEMA (21): | 12.0178 | |
| Parabolic SAR (0,02-0,02-0,2): | 11.9717 | |
| Elder Ray (13): | 0.0083 | |
| Super Trend (3,10): | 11.9629 | |
| Zig ZAG (10): | 12.0259 | |
| VORTEX (21): | 1.0415 | |
| Stochastique (14,3,5): | 68.13 | |
| TEMA (21): | 12.0229 | |
| Williams %R (14): | -30.62 | |
| Chande Momentum Oscillator (20): | 0.0209 | |
| Repulse (5,40,3): | 0.0465 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0033 | |
| Courbe Coppock: | 0.12 |
| MA7: | 12.0530 | |
| MA20: | 11.9710 | |
| MA50: | 11.9542 | |
| MA100: | 12.0433 | |
| MAexp7: | 12.0197 | |
| MAexp20: | 12.0126 | |
| MAexp50: | 12.0137 | |
| MAexp100: | 12.0254 | |
| Price / MA7: | -0.28% | |
| Price / MA20: | +0.40% | |
| Price / MA50: | +0.54% | |
| Price / MA100: | -0.20% | |
| Price / MAexp7: | -0.01% | |
| Price / MAexp20: | +0.05% | |
| Price / MAexp50: | +0.04% | |
| Price / MAexp100: | -0.05% |
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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