CHF/NOK - 1H - Technical analysis published on 11/19/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Slightly bullish
Technical indicators
72%
11%
17%
My opinion
Bullish above 9.2147 NOK
My targets
9.2371 NOK (+0.15%)
9.2554 NOK (+0.35%)
My analysis
The strong short-term increase for CHF/NOK reinforces the current slightly bullish trend. As long as the price remains above 9.2147 NOK, you could take advantage of this bullish acceleration. The first bullish objective is located at 9.2371 NOK. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 9.2554 NOK as an objective. Crossing it would then enable buyers to target 9.2724 NOK. A return to 9.2147 NOK would be a sign of a possible correction of short-term bullish excesses. In this case, you could stay away while waiting for signals indicating a reversal of the trend.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
FORCE
0
10
4.8
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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 9.2234 NOK. On the day, this instrument gained +0.10% and was traded between 9.1817 NOK and 9.2281 NOK over the period. The price is currently at +0.45% from its lowest and -0.05% from its highest.9.1817
9.2281
9.2234
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
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 (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of CHF/NOK in 1H shows an overall slightly bullish trend. 60.71% of the signals given by moving averages are bullish. This slightly bullish trend could be reinforced by the strong bullish signals given by short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, 13 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 9.1562 | 9.1893 | 9.2147 | 9.2234 | 9.2371 | 9.2554 | 9.2724 |
| Change (%) | -0.73% | -0.37% | -0.09% | - | +0.15% | +0.35% | +0.53% |
| Change | -0.0672 | -0.0341 | -0.0087 | - | +0.0137 | +0.0320 | +0.0490 |
| Level | Intermediate | Minor | Intermediate | - | Major | Minor | Minor |
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 | 9.1691 | 9.1869 | 9.2004 | 9.2182 | 9.2317 | 9.2495 | 9.2630 |
| Camarilla | 9.2054 | 9.2083 | 9.2111 | 9.2140 | 9.2169 | 9.2197 | 9.2226 |
| Woodie | 9.1671 | 9.1858 | 9.1984 | 9.2171 | 9.2297 | 9.2484 | 9.2610 |
| Fibonacci | 9.1869 | 9.1988 | 9.2062 | 9.2182 | 9.2301 | 9.2375 | 9.2495 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.9390 | 9.0469 | 9.1094 | 9.2173 | 9.2798 | 9.3877 | 9.4502 |
| Camarilla | 9.1251 | 9.1408 | 9.1564 | 9.1720 | 9.1876 | 9.2032 | 9.2189 |
| Woodie | 8.9164 | 9.0356 | 9.0868 | 9.2060 | 9.2572 | 9.3764 | 9.4276 |
| Fibonacci | 9.0469 | 9.1120 | 9.1522 | 9.2173 | 9.2824 | 9.3226 | 9.3877 |
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): | 59.08 | |
| MACD (12,26,9): | 0.0003 | |
| Directional Movement: | 8.9266 | |
| AROON (14): | 14.2857 | |
| DEMA (21): | 9.2082 | |
| Parabolic SAR (0,02-0,02-0,2): | 9.1836 | |
| Elder Ray (13): | 0.0140 | |
| Super Trend (3,10): | 9.1838 | |
| Zig ZAG (10): | 9.2243 | |
| VORTEX (21): | 1.0140 | |
| Stochastique (14,3,5): | 79.11 | |
| TEMA (21): | 9.2091 | |
| Williams %R (14): | -7.76 | |
| Chande Momentum Oscillator (20): | 0.0148 | |
| Repulse (5,40,3): | 0.2754 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0001 | |
| Courbe Coppock: | 0.15 |
| MA7: | 9.2266 | |
| MA20: | 9.2331 | |
| MA50: | 9.1793 | |
| MA100: | 9.0770 | |
| MAexp7: | 9.2101 | |
| MAexp20: | 9.2074 | |
| MAexp50: | 9.2103 | |
| MAexp100: | 9.2174 | |
| Price / MA7: | -0.03% | |
| Price / MA20: | -0.11% | |
| Price / MA50: | +0.48% | |
| Price / MA100: | +1.61% | |
| Price / MAexp7: | +0.15% | |
| Price / MAexp20: | +0.18% | |
| Price / MAexp50: | +0.15% | |
| Price / MAexp100: | +0.07% |
This member declared not having a position on this financial instrument or a related financial instrument.
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