CHF/NOK - 1H - Technical analysis published on 12/09/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 9.2327 NOK
My targets
9.3183 NOK (+0.0612)
9.3467 NOK (+0.0896)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on CHF/NOK. This is a positive signal for buyers. As long as the price remains above 9.2327 NOK, a purchase could be considered. The first bullish objective is located at 9.3183 NOK. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 9.3467 NOK as an objective. In the event of a return below 9.2327 NOK, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.
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
6.1
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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 price is 9.2571 NOK. The price has increased by +0.44% since the last closing with the lowest point at 9.2075 NOK and the highest point at 9.2611 NOK. The deviation from the price is +0.54% for the low point and -0.04% for the high point.9.2075
9.2611
9.2571
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by CHF/NOK:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this CHF/NOK chart shows a bullish trend. 64.29% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Moving Average bullish crossovers : MA20 & MA50
Type : Bullish
Timeframe : 1 hour
In fact, 15 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
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 3
Type : Neutral
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
White gravestone / inverted hammer
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 9.1751 | 9.2075 | 9.2327 | 9.2571 | 9.2595 | 9.3183 | 9.3467 |
| Change (%) | -0.89% | -0.54% | -0.26% | - | +0.03% | +0.66% | +0.97% |
| Change | -0.0820 | -0.0496 | -0.0244 | - | +0.0024 | +0.0612 | +0.0896 |
| Level | Minor | Major | Major | - | Major | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.1420 | 9.1745 | 9.1957 | 9.2282 | 9.2494 | 9.2819 | 9.3031 |
| Camarilla | 9.2021 | 9.2071 | 9.2120 | 9.2169 | 9.2218 | 9.2267 | 9.2317 |
| Woodie | 9.1364 | 9.1717 | 9.1901 | 9.2254 | 9.2438 | 9.2791 | 9.2975 |
| Fibonacci | 9.1745 | 9.1950 | 9.2077 | 9.2282 | 9.2487 | 9.2614 | 9.2819 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.9810 | 9.0801 | 9.1485 | 9.2476 | 9.3160 | 9.4151 | 9.4835 |
| Camarilla | 9.1708 | 9.1862 | 9.2016 | 9.2169 | 9.2323 | 9.2476 | 9.2630 |
| Woodie | 8.9657 | 9.0724 | 9.1332 | 9.2399 | 9.3007 | 9.4074 | 9.4682 |
| Fibonacci | 9.0801 | 9.1441 | 9.1836 | 9.2476 | 9.3116 | 9.3511 | 9.4151 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.9305 | 9.0305 | 9.1251 | 9.2251 | 9.3197 | 9.4197 | 9.5143 |
| Camarilla | 9.1662 | 9.1840 | 9.2019 | 9.2197 | 9.2375 | 9.2554 | 9.2732 |
| Woodie | 8.9278 | 9.0292 | 9.1224 | 9.2238 | 9.3170 | 9.4184 | 9.5116 |
| Fibonacci | 9.0305 | 9.1048 | 9.1508 | 9.2251 | 9.2994 | 9.3454 | 9.4197 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 67.76 | |
| MACD (12,26,9): | 0.0075 | |
| Directional Movement: | 16.0655 | |
| AROON (14): | 92.8571 | |
| DEMA (21): | 9.2516 | |
| Parabolic SAR (0,02-0,02-0,2): | 9.2493 | |
| Elder Ray (13): | 0.0087 | |
| Super Trend (3,10): | 9.2307 | |
| Zig ZAG (10): | 9.2561 | |
| VORTEX (21): | 1.1998 | |
| Stochastique (14,3,5): | 87.76 | |
| TEMA (21): | 9.2603 | |
| Williams %R (14): | -12.08 | |
| Chande Momentum Oscillator (20): | 0.0249 | |
| Repulse (5,40,3): | 0.0306 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0080 | |
| Courbe Coppock: | 0.64 |
| MA7: | 9.2540 | |
| MA20: | 9.2274 | |
| MA50: | 9.2196 | |
| MA100: | 9.1522 | |
| MAexp7: | 9.2535 | |
| MAexp20: | 9.2434 | |
| MAexp50: | 9.2410 | |
| MAexp100: | 9.2434 | |
| Price / MA7: | +0.03% | |
| Price / MA20: | +0.32% | |
| Price / MA50: | +0.41% | |
| Price / MA100: | +1.15% | |
| Price / MAexp7: | +0.04% | |
| Price / MAexp20: | +0.15% | |
| Price / MAexp50: | +0.17% | |
| Price / MAexp100: | +0.15% |
This member declared not having a position on this financial instrument or a related financial instrument.
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