CHF/NOK - 1H - Technical analysis published on 07/19/2024 (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:
Strongly bullish
Technical indicators
50%
11%
39%
My opinion
Bullish above 12.1176 NOK
My targets
12.2076 NOK (+0.0227)
12.2819 NOK (+0.0970)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on CHF/NOK as long as the price remains well above 12.1176 NOK. The buyers' bullish objective is set at 12.2076 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. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.3
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
CHF/NOK rating 12.1849 NOK. On the day, this instrument lost -0.01% and was between 12.1803 NOK and 12.1978 NOK. This implies that the price is at +0.04% from its lowest and at -0.11% from its highest.12.1803
12.1978
12.1849
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 HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of CHF/NOK in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from 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 is slight given the direction of the technical indicators.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
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 support of channel
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 11.9713 | 12.0390 | 12.1176 | 12.1849 | 12.2076 | 12.2819 | 12.4322 |
| Change (%) | -1.75% | -1.20% | -0.55% | - | +0.19% | +0.80% | +2.03% |
| Change | -0.2136 | -0.1459 | -0.0673 | - | +0.0227 | +0.0970 | +0.2473 |
| Level | Minor | Intermediate | Major | - | Intermediate | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 12.0393 | 12.0773 | 12.1317 | 12.1697 | 12.2241 | 12.2621 | 12.3165 |
| Camarilla | 12.1608 | 12.1693 | 12.1777 | 12.1862 | 12.1947 | 12.2031 | 12.2116 |
| Woodie | 12.0476 | 12.0814 | 12.1400 | 12.1738 | 12.2324 | 12.2662 | 12.3248 |
| Fibonacci | 12.0773 | 12.1126 | 12.1344 | 12.1697 | 12.2050 | 12.2268 | 12.2621 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.5498 | 11.6567 | 11.8261 | 11.9330 | 12.1024 | 12.2093 | 12.3787 |
| Camarilla | 11.9195 | 11.9449 | 11.9702 | 11.9955 | 12.0208 | 12.0462 | 12.0715 |
| Woodie | 11.5811 | 11.6723 | 11.8574 | 11.9486 | 12.1337 | 12.2249 | 12.4100 |
| Fibonacci | 11.6567 | 11.7623 | 11.8275 | 11.9330 | 12.0386 | 12.1038 | 12.2093 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.1889 | 11.3961 | 11.6374 | 11.8446 | 12.0859 | 12.2931 | 12.5344 |
| Camarilla | 11.7553 | 11.7964 | 11.8375 | 11.8786 | 11.9197 | 11.9608 | 12.0019 |
| Woodie | 11.2059 | 11.4046 | 11.6544 | 11.8531 | 12.1029 | 12.3016 | 12.5514 |
| Fibonacci | 11.3961 | 11.5675 | 11.6733 | 11.8446 | 12.0160 | 12.1218 | 12.2931 |
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): | 61.15 | |
| MACD (12,26,9): | 0.0123 | |
| Directional Movement: | 8.8853 | |
| AROON (14): | 7.1429 | |
| DEMA (21): | 12.1934 | |
| Parabolic SAR (0,02-0,02-0,2): | 12.1795 | |
| Elder Ray (13): | 0.0040 | |
| Super Trend (3,10): | 12.1383 | |
| Zig ZAG (10): | 12.1868 | |
| VORTEX (21): | 1.1005 | |
| Stochastique (14,3,5): | 53.98 | |
| TEMA (21): | 12.1916 | |
| Williams %R (14): | -40.28 | |
| Chande Momentum Oscillator (20): | 0.0125 | |
| Repulse (5,40,3): | -0.0256 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0170 | |
| Courbe Coppock: | 0.27 |
| MA7: | 12.0870 | |
| MA20: | 11.9149 | |
| MA50: | 11.8420 | |
| MA100: | 11.9065 | |
| MAexp7: | 12.1846 | |
| MAexp20: | 12.1755 | |
| MAexp50: | 12.1477 | |
| MAexp100: | 12.1022 | |
| Price / MA7: | +0.81% | |
| Price / MA20: | +2.27% | |
| Price / MA50: | +2.90% | |
| Price / MA100: | +2.34% | |
| Price / MAexp7: | +0.00% | |
| Price / MAexp20: | +0.08% | |
| Price / MAexp50: | +0.31% | |
| Price / MAexp100: | +0.68% |
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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