CHF/NOK - 1H - Technical analysis published on 09/26/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Bearish
Technical indicators
17%
56%
28%
My opinion
Bearish under 9.1401 NOK
My targets
9.1024 NOK (-0.13%)
9.0442 NOK (-0.77%)
My analysis
In the short term, we can see an acceleration in the bearish trend on CHF/NOK, which is a positive signal for sellers. As long as the price remains above 9.1401 NOK, a sale could be considered. The first bearish objective is located at 9.1024 NOK. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 9.0442 NOK as an objective. Crossing it would then enable sellers to target 9.0150 NOK. If the price were to return above 9.1401 NOK, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be risky.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
FORCE
0
10
5.2
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CHF/NOK rating is 9.1144 NOK. The price registered a decrease of -0.16% on the session and was traded between 9.1023 NOK and 9.1394 NOK over the period. The price is currently at +0.13% from its lowest and -0.27% from its highest.9.1023
9.1394
9.1144
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of CHF/NOK indicates that the overall trend is bearish. 71.43% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:
Bearish trend reversal : adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with Moving Average 100
Type : Bearish
Timeframe : 1 hour
Technical indicators are bearish. There is still some doubt about the decline in the price.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
Aroon indicator bullish trend
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
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:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Long black line
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 9.0150 | 9.0442 | 9.1024 | 9.1144 | 9.1401 | 9.1645 | 9.2017 |
| Change (%) | -1.09% | -0.77% | -0.13% | - | +0.28% | +0.55% | +0.96% |
| Change | -0.0994 | -0.0702 | -0.0120 | - | +0.0257 | +0.0501 | +0.0873 |
| Level | Minor | Minor | Intermediate | - | Minor | Intermediate | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.0677 | 9.0944 | 9.1115 | 9.1382 | 9.1553 | 9.1820 | 9.1991 |
| Camarilla | 9.1167 | 9.1207 | 9.1247 | 9.1287 | 9.1327 | 9.1367 | 9.1407 |
| Woodie | 9.0630 | 9.0920 | 9.1068 | 9.1358 | 9.1506 | 9.1796 | 9.1944 |
| Fibonacci | 9.0944 | 9.1111 | 9.1214 | 9.1382 | 9.1549 | 9.1652 | 9.1820 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.8118 | 8.8832 | 9.0131 | 9.0845 | 9.2144 | 9.2858 | 9.4157 |
| Camarilla | 9.0875 | 9.1060 | 9.1245 | 9.1429 | 9.1614 | 9.1798 | 9.1983 |
| Woodie | 8.8410 | 8.8978 | 9.0423 | 9.0991 | 9.2436 | 9.3004 | 9.4449 |
| Fibonacci | 8.8832 | 8.9601 | 9.0076 | 9.0845 | 9.1614 | 9.2089 | 9.2858 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.6237 | 8.7624 | 8.9870 | 9.1257 | 9.3503 | 9.4890 | 9.7136 |
| Camarilla | 9.1117 | 9.1450 | 9.1783 | 9.2116 | 9.2449 | 9.2782 | 9.3115 |
| Woodie | 8.6667 | 8.7839 | 9.0300 | 9.1472 | 9.3933 | 9.5105 | 9.7566 |
| Fibonacci | 8.7624 | 8.9012 | 8.9869 | 9.1257 | 9.2645 | 9.3502 | 9.4890 |
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): | 35.20 | |
| MACD (12,26,9): | -0.0059 | |
| Directional Movement: | -11.2808 | |
| AROON (14): | -7.1428 | |
| DEMA (21): | 9.1212 | |
| Parabolic SAR (0,02-0,02-0,2): | 9.1394 | |
| Elder Ray (13): | -0.0168 | |
| Super Trend (3,10): | 9.1414 | |
| Zig ZAG (10): | 9.1125 | |
| VORTEX (21): | 0.7983 | |
| Stochastique (14,3,5): | 35.13 | |
| TEMA (21): | 9.1164 | |
| Williams %R (14): | -74.12 | |
| Chande Momentum Oscillator (20): | -0.0185 | |
| Repulse (5,40,3): | -0.1875 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0064 | |
| Courbe Coppock: | 0.29 |
| MA7: | 9.0960 | |
| MA20: | 9.0955 | |
| MA50: | 9.0686 | |
| MA100: | 8.8857 | |
| MAexp7: | 9.1240 | |
| MAexp20: | 9.1278 | |
| MAexp50: | 9.1311 | |
| MAexp100: | 9.1186 | |
| Price / MA7: | +0.20% | |
| Price / MA20: | +0.21% | |
| Price / MA50: | +0.51% | |
| Price / MA100: | +2.57% | |
| Price / MAexp7: | -0.11% | |
| Price / MAexp20: | -0.15% | |
| Price / MAexp50: | -0.18% | |
| Price / MAexp100: | -0.05% |
This member declared not having a position on this financial instrument or a related financial instrument.
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