CHF/NOK - 1H - Technical analysis published on 11/25/2024 (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:
Bullish
Technical indicators
89%
6%
6%
My opinion
Bullish above 12.4662 NOK
My targets
12.5479 NOK (+0.0234)
12.5751 NOK (+0.0506)
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 12.4662 NOK. The next resistance located at 12.5479 NOK is the next bullish target 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 12.5751 NOK. After this resistance, buyers could then target 12.6127 NOK.
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
6.6
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Additional analysis
Quotes
The CHF/NOK rating is 12.5245 NOK. The price registered an increase of +1.11% on the session and was between 12.3215 NOK and 12.5270 NOK. This implies that the price is at +1.65% from its lowest and at -0.02% from its highest.12.3215
12.5270
12.5245
The Central Gaps scanner detects the formation of a bearish gap marking the strong presence of sellers ahead of buyers at the opening. This formed a quotation gap.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this CHF/NOK chart shows a bullish trend. 71.43% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Moving Average bullish crossovers : AMA20 & AMA50
Type : Bullish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, 16 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
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 | 12.3345 | 12.4157 | 12.4662 | 12.5245 | 12.5479 | 12.5751 | 12.6127 |
| Change (%) | -1.52% | -0.87% | -0.47% | - | +0.19% | +0.40% | +0.70% |
| Change | -0.1900 | -0.1088 | -0.0583 | - | +0.0234 | +0.0506 | +0.0882 |
| Level | Minor | Minor | Intermediate | - | 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 | 12.1139 | 12.2435 | 12.3154 | 12.4450 | 12.5169 | 12.6465 | 12.7184 |
| Camarilla | 12.3318 | 12.3503 | 12.3687 | 12.3872 | 12.4057 | 12.4241 | 12.4426 |
| Woodie | 12.0850 | 12.2291 | 12.2865 | 12.4306 | 12.4880 | 12.6321 | 12.6895 |
| Fibonacci | 12.2435 | 12.3205 | 12.3681 | 12.4450 | 12.5220 | 12.5696 | 12.6465 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 12.1139 | 12.2435 | 12.3154 | 12.4450 | 12.5169 | 12.6465 | 12.7184 |
| Camarilla | 12.3318 | 12.3503 | 12.3687 | 12.3872 | 12.4057 | 12.4241 | 12.4426 |
| Woodie | 12.0850 | 12.2291 | 12.2865 | 12.4306 | 12.4880 | 12.6321 | 12.6895 |
| Fibonacci | 12.2435 | 12.3205 | 12.3681 | 12.4450 | 12.5220 | 12.5696 | 12.6465 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 12.0954 | 12.2381 | 12.4865 | 12.6292 | 12.8776 | 13.0203 | 13.2687 |
| Camarilla | 12.6274 | 12.6632 | 12.6991 | 12.7349 | 12.7708 | 12.8066 | 12.8425 |
| Woodie | 12.1483 | 12.2645 | 12.5394 | 12.6556 | 12.9305 | 13.0467 | 13.3216 |
| Fibonacci | 12.2381 | 12.3875 | 12.4798 | 12.6292 | 12.7786 | 12.8709 | 13.0203 |
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): | 73.69 | |
| MACD (12,26,9): | 0.0166 | |
| Directional Movement: | 19.4171 | |
| AROON (14): | 92.8571 | |
| DEMA (21): | 12.4480 | |
| Parabolic SAR (0,02-0,02-0,2): | 12.4115 | |
| Elder Ray (13): | 0.0626 | |
| Super Trend (3,10): | 12.4210 | |
| Zig ZAG (10): | 12.5118 | |
| VORTEX (21): | 1.1914 | |
| Stochastique (14,3,5): | 96.47 | |
| TEMA (21): | 12.4785 | |
| Williams %R (14): | 0.00 | |
| Chande Momentum Oscillator (20): | 0.1344 | |
| Repulse (5,40,3): | 0.4357 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0028 | |
| Courbe Coppock: | 1.55 |
| MA7: | 12.4700 | |
| MA20: | 12.5656 | |
| MA50: | 12.5366 | |
| MA100: | 12.4794 | |
| MAexp7: | 12.4730 | |
| MAexp20: | 12.4352 | |
| MAexp50: | 12.4393 | |
| MAexp100: | 12.4563 | |
| Price / MA7: | +0.44% | |
| Price / MA20: | -0.33% | |
| Price / MA50: | -0.10% | |
| Price / MA100: | +0.36% | |
| Price / MAexp7: | +0.41% | |
| Price / MAexp20: | +0.72% | |
| Price / MAexp50: | +0.68% | |
| Price / MAexp100: | +0.55% |
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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