CHF/NOK - 1H - Technical analysis published on 08/14/2024 (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:
Bearish
Underlying:
Strongly bearish
Technical indicators
44%
17%
39%
My opinion
Bearish under 12.5479 NOK
My targets
12.3540 NOK (-0.0723)
12.2819 NOK (-0.1444)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on CHF/NOK as long as the price remains well below 12.5479 NOK. The next bearish objective for sellers is set at 12.3540 NOK. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 12.2819 NOK. If there is any crossing, the next objective would be the support located at 12.1176 NOK. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
4.5
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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 12.4263 NOK. The price has increased by +0.19% since the last closing and was between 12.3980 NOK and 12.4444 NOK. This implies that the price is at +0.23% from its lowest and at -0.15% from its highest.12.3980
12.4444
12.4263
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of CHF/NOK in 1H shows a overall strongly bearish trend. 85.71% of the signals given by moving averages are bearish. The slightly bearish signals from short-term moving averages show that the overall trend is slowing down. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
The Central Indicators scanner found this result concerning these indicators:
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 12.1176 | 12.2819 | 12.3540 | 12.4263 | 12.5479 | 12.6960 | 12.8695 |
| Change (%) | -2.48% | -1.16% | -0.58% | - | +0.98% | +2.17% | +3.57% |
| Change | -0.3087 | -0.1444 | -0.0723 | - | +0.1216 | +0.2697 | +0.4432 |
| Level | Intermediate | Minor | Intermediate | - | Major | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 12.2690 | 12.3343 | 12.3683 | 12.4336 | 12.4676 | 12.5329 | 12.5669 |
| Camarilla | 12.3751 | 12.3842 | 12.3933 | 12.4024 | 12.4115 | 12.4206 | 12.4297 |
| Woodie | 12.2535 | 12.3265 | 12.3528 | 12.4258 | 12.4521 | 12.5251 | 12.5514 |
| Fibonacci | 12.3343 | 12.3722 | 12.3956 | 12.4336 | 12.4715 | 12.4949 | 12.5329 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.4606 | 11.9360 | 12.2115 | 12.6869 | 12.9624 | 13.4378 | 13.7133 |
| Camarilla | 12.2805 | 12.3493 | 12.4182 | 12.4870 | 12.5558 | 12.6247 | 12.6935 |
| Woodie | 11.3607 | 11.8860 | 12.1116 | 12.6369 | 12.8625 | 13.3878 | 13.6134 |
| Fibonacci | 11.9360 | 12.2228 | 12.4001 | 12.6869 | 12.9737 | 13.1510 | 13.4378 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.8149 | 11.2412 | 11.8311 | 12.2574 | 12.8473 | 13.2736 | 13.8635 |
| Camarilla | 12.1416 | 12.2347 | 12.3279 | 12.4210 | 12.5142 | 12.6073 | 12.7005 |
| Woodie | 10.8967 | 11.2821 | 11.9129 | 12.2983 | 12.9291 | 13.3145 | 13.9453 |
| Fibonacci | 11.2412 | 11.6294 | 11.8692 | 12.2574 | 12.6456 | 12.8854 | 13.2736 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 47.70 | |
| MACD (12,26,9): | -0.0091 | |
| Directional Movement: | 2.3818 | |
| AROON (14): | -78.5714 | |
| DEMA (21): | 12.4142 | |
| Parabolic SAR (0,02-0,02-0,2): | 12.4444 | |
| Elder Ray (13): | 0.0026 | |
| Super Trend (3,10): | 12.4817 | |
| Zig ZAG (10): | 12.4275 | |
| VORTEX (21): | 1.0036 | |
| Stochastique (14,3,5): | 42.66 | |
| TEMA (21): | 12.4144 | |
| Williams %R (14): | -57.12 | |
| Chande Momentum Oscillator (20): | 0.0053 | |
| Repulse (5,40,3): | 0.0471 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0130 | |
| Courbe Coppock: | 0.34 |
| MA7: | 12.5305 | |
| MA20: | 12.4873 | |
| MA50: | 12.1313 | |
| MA100: | 12.0118 | |
| MAexp7: | 12.4208 | |
| MAexp20: | 12.4271 | |
| MAexp50: | 12.4490 | |
| MAexp100: | 12.4872 | |
| Price / MA7: | -0.83% | |
| Price / MA20: | -0.49% | |
| Price / MA50: | +2.43% | |
| Price / MA100: | +3.45% | |
| Price / MAexp7: | +0.04% | |
| Price / MAexp20: | -0.01% | |
| Price / MAexp50: | -0.18% | |
| Price / MAexp100: | -0.49% |
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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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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