CHF/NOK - 1H - Technical analysis published on 10/14/2019 (GMT)
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I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bearish
Technical indicators
78%
0%
22%
My opinion
Bearish under 9.1660 NOK
My targets
9.1209 NOK (-0.13%)
9.0788 NOK (-0.59%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 9.1660 NOK remains possible. It is advisable to trade CHF/NOK with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 9.1660 NOK. The next bearish objective for sellers is set at 9.1209 NOK. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 9.0788 NOK. In case of crossing, the next objective would be the support located at 8.9327 NOK. PS: if there is a bullish break in the resistance located at 9.1660 NOK we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
FORCE
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10
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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
CHF/NOK rating 9.1331 NOK. The price has increased by +0.25% since the last closing and was between 9.0994 NOK and 9.1362 NOK. This implies that the price is at +0.37% from its lowest and at -0.03% from its highest.9.0994
9.1362
9.1331
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
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 CHF/NOK in 1H shows an overall bearish trend. 71.43% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. There is no crossing of moving average by the price or crossing of moving averages between themselves.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
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 support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
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 | 8.9327 | 9.0788 | 9.1209 | 9.1331 | 9.1660 | 9.1953 | 9.2371 |
| Change (%) | -2.19% | -0.59% | -0.13% | - | +0.36% | +0.68% | +1.14% |
| Change | -0.2004 | -0.0543 | -0.0122 | - | +0.0329 | +0.0622 | +0.1040 |
| Level | Major | Minor | Major | - | Intermediate | 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 | 8.9931 | 9.0360 | 9.0731 | 9.1160 | 9.1531 | 9.1960 | 9.2331 |
| Camarilla | 9.0883 | 9.0956 | 9.1030 | 9.1103 | 9.1176 | 9.1250 | 9.1323 |
| Woodie | 8.9903 | 9.0346 | 9.0703 | 9.1146 | 9.1503 | 9.1946 | 9.2303 |
| Fibonacci | 9.0360 | 9.0665 | 9.0854 | 9.1160 | 9.1465 | 9.1654 | 9.1960 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.8705 | 8.9746 | 9.0425 | 9.1466 | 9.2145 | 9.3186 | 9.3865 |
| Camarilla | 9.0630 | 9.0788 | 9.0945 | 9.1103 | 9.1261 | 9.1418 | 9.1576 |
| Woodie | 8.8523 | 8.9656 | 9.0243 | 9.1376 | 9.1963 | 9.3096 | 9.3683 |
| Fibonacci | 8.9746 | 9.0403 | 9.0809 | 9.1466 | 9.2123 | 9.2529 | 9.3186 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.6620 | 8.8084 | 8.9646 | 9.1110 | 9.2672 | 9.4136 | 9.5698 |
| Camarilla | 9.0377 | 9.0654 | 9.0932 | 9.1209 | 9.1486 | 9.1764 | 9.2041 |
| Woodie | 8.6670 | 8.8109 | 8.9696 | 9.1135 | 9.2722 | 9.4161 | 9.5748 |
| Fibonacci | 8.8084 | 8.9240 | 8.9954 | 9.1110 | 9.2266 | 9.2980 | 9.4136 |
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): | 57.80 | |
| MACD (12,26,9): | -0.0027 | |
| Directional Movement: | 7.5517 | |
| AROON (14): | 100.0000 | |
| DEMA (21): | 9.1101 | |
| Parabolic SAR (0,02-0,02-0,2): | 9.0986 | |
| Elder Ray (13): | 0.0093 | |
| Super Trend (3,10): | 9.1349 | |
| Zig ZAG (10): | 9.1347 | |
| VORTEX (21): | 1.0310 | |
| Stochastique (14,3,5): | 87.34 | |
| TEMA (21): | 9.1209 | |
| Williams %R (14): | -1.93 | |
| Chande Momentum Oscillator (20): | 0.0347 | |
| Repulse (5,40,3): | 0.2659 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0127 | |
| Courbe Coppock: | 0.48 |
| MA7: | 9.1698 | |
| MA20: | 9.1324 | |
| MA50: | 9.1405 | |
| MA100: | 8.9442 | |
| MAexp7: | 9.1205 | |
| MAexp20: | 9.1168 | |
| MAexp50: | 9.1348 | |
| MAexp100: | 9.1529 | |
| Price / MA7: | -0.40% | |
| Price / MA20: | +0.01% | |
| Price / MA50: | -0.08% | |
| Price / MA100: | +2.11% | |
| Price / MAexp7: | +0.14% | |
| Price / MAexp20: | +0.18% | |
| Price / MAexp50: | -0.02% | |
| Price / MAexp100: | -0.22% |
This member declared not having a position on this financial instrument or a related financial instrument.
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