CHF/NOK - Daily - Technical analysis published on 11/02/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bullish
Technical indicators
22%
33%
44%
My opinion
Bullish above 9.1124 NOK
My targets
9.2487 NOK (+0.30%)
9.4186 NOK (+2.14%)
My analysis
Has the basic bullish 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 bullish movement or a correction. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the support located at 9.1124 NOK remains possible. It is advisable to trade CHF/NOK with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 9.1124 NOK. The next bullish objective for buyers is set at 9.2487 NOK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 9.4186 NOK. If there is any crossing, the next objective would be the resistance located at 9.5189 NOK. PS: if there is a bearish break in the support located at 9.1124 NOK we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
FORCE
0
10
2.9
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This analysis was given by hsokkar. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CHF/NOK rating is 9.2211 NOK. On the day, this instrument lost -1.04% with the lowest point at 9.2088 NOK and the highest point at 9.3237 NOK. The deviation from the price is +0.13% for the low point and -1.10% for the high point.9.2088
9.3237
9.2211
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 (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of CHF/NOK indicates that the overall trend is bullish. The signals given by moving averages are 75% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 8 are neutral and 6 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 3
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Bullish engulfing lines
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
Price
| S3 | S2 | S1 | Price | |
|---|---|---|---|---|
| ProTrendLines | 8.7770 | 8.9327 | 9.1124 | 9.2211 |
| Change (%) | -4.82% | -3.13% | -1.18% | - |
| Change | -0.4441 | -0.2884 | -0.1087 | - |
| Level | Intermediate | Major | Intermediate | - |
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 | 9.2168 | 9.2459 | 9.2821 | 9.3112 | 9.3474 | 9.3765 | 9.4127 |
| Camarilla | 9.3003 | 9.3063 | 9.3123 | 9.3183 | 9.3243 | 9.3303 | 9.3363 |
| Woodie | 9.2204 | 9.2477 | 9.2857 | 9.3130 | 9.3510 | 9.3783 | 9.4163 |
| Fibonacci | 9.2459 | 9.2708 | 9.2863 | 9.3112 | 9.3361 | 9.3516 | 9.3765 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.0314 | 9.1032 | 9.1741 | 9.2459 | 9.3168 | 9.3886 | 9.4595 |
| Camarilla | 9.2059 | 9.2189 | 9.2320 | 9.2451 | 9.2582 | 9.2713 | 9.2843 |
| Woodie | 9.0311 | 9.1030 | 9.1738 | 9.2457 | 9.3165 | 9.3884 | 9.4592 |
| Fibonacci | 9.1032 | 9.1577 | 9.1914 | 9.2459 | 9.3004 | 9.3341 | 9.3886 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.8782 | 8.9785 | 9.1484 | 9.2487 | 9.4186 | 9.5189 | 9.6888 |
| Camarilla | 9.2440 | 9.2688 | 9.2935 | 9.3183 | 9.3431 | 9.3678 | 9.3926 |
| Woodie | 8.9130 | 8.9959 | 9.1832 | 9.2661 | 9.4534 | 9.5363 | 9.7236 |
| Fibonacci | 8.9785 | 9.0817 | 9.1455 | 9.2487 | 9.3519 | 9.4157 | 9.5189 |
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): | 50.96 | |
| MACD (12,26,9): | 0.0346 | |
| Directional Movement: | 7.3905 | |
| AROON (14): | 78.5714 | |
| DEMA (21): | 9.2750 | |
| Parabolic SAR (0,02-0,02-0,2): | 9.3490 | |
| Elder Ray (13): | 0.0196 | |
| Super Trend (3,10): | 9.1027 | |
| Zig ZAG (10): | 9.2211 | |
| VORTEX (21): | 1.0620 | |
| Stochastique (14,3,5): | 67.76 | |
| TEMA (21): | 9.2806 | |
| Williams %R (14): | -57.56 | |
| Chande Momentum Oscillator (20): | -0.0075 | |
| Repulse (5,40,3): | -1.1236 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0552 | |
| Courbe Coppock: | 1.80 |
| MA7: | 9.2609 | |
| MA20: | 9.2289 | |
| MA50: | 9.1648 | |
| MA100: | 9.0174 | |
| MAexp7: | 9.2601 | |
| MAexp20: | 9.2289 | |
| MAexp50: | 9.1582 | |
| MAexp100: | 9.0425 | |
| Price / MA7: | -0.43% | |
| Price / MA20: | -0.08% | |
| Price / MA50: | +0.61% | |
| Price / MA100: | +2.26% | |
| Price / MAexp7: | -0.42% | |
| Price / MAexp20: | -0.08% | |
| Price / MAexp50: | +0.69% | |
| Price / MAexp100: | +1.98% |
This member declared not having a position on this financial instrument or a related financial instrument.
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