CHF/NOK - 1H - Technical analysis published on 12/26/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
17%
50%
33%
My opinion
Bearish under 9.0976 NOK
My targets
8.9962 NOK (-0.0884)
8.9327 NOK (-0.1519)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on CHF/NOK as long as the price remains well below 9.0976 NOK. The sellers” bearish objective is set at 8.9962 NOK. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 8.9327 NOK. In case of crossing, the next objective would be the support located at 8.7770 NOK. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
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
7.1
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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
CHF/NOK rating 9.0846 NOK. On the day, this instrument lost -0.14% and was traded between 9.0695 NOK and 9.0989 NOK over the period. The price is currently at +0.17% from its lowest and -0.16% from its highest.9.0695
9.0989
9.0846
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of CHF/NOK indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, according to the parameters integrated into the Central Analyzer system, only 9 technical indicators out of 18 analysed are currently bearish. 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 : Weekly
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 | 8.7770 | 8.9327 | 9.0822 | 9.0846 | 9.0976 | 9.1138 | 9.1341 |
Change (%) | -3.39% | -1.67% | -0.03% | - | +0.14% | +0.32% | +0.54% |
Change | -0.3076 | -0.1519 | -0.0024 | - | +0.0130 | +0.0292 | +0.0495 |
Level | Major | Major | Intermediate | - | Minor | Minor | 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 | 9.0264 | 9.0553 | 9.0764 | 9.1053 | 9.1264 | 9.1553 | 9.1764 |
Camarilla | 9.0837 | 9.0882 | 9.0928 | 9.0974 | 9.1020 | 9.1066 | 9.1112 |
Woodie | 9.0224 | 9.0534 | 9.0724 | 9.1034 | 9.1224 | 9.1534 | 9.1724 |
Fibonacci | 9.0553 | 9.0744 | 9.0862 | 9.1053 | 9.1244 | 9.1362 | 9.1553 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 8.9962 | 9.0582 | 9.0989 | 9.1609 | 9.2016 | 9.2636 | 9.3043 |
Camarilla | 9.1115 | 9.1209 | 9.1303 | 9.1397 | 9.1491 | 9.1585 | 9.1679 |
Woodie | 8.9857 | 9.0529 | 9.0884 | 9.1556 | 9.1911 | 9.2583 | 9.2938 |
Fibonacci | 9.0582 | 9.0974 | 9.1216 | 9.1609 | 9.2001 | 9.2243 | 9.2636 |
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): | 36.24 | |
MACD (12,26,9): | -0.0089 | |
Directional Movement: | -16.5142 | |
AROON (14): | -64.2857 | |
DEMA (21): | 9.0835 | |
Parabolic SAR (0,02-0,02-0,2): | 9.1007 | |
Elder Ray (13): | -0.0080 | |
Super Trend (3,10): | 9.1074 | |
Zig ZAG (10): | 9.0804 | |
VORTEX (21): | 0.8219 | |
Stochastique (14,3,5): | 17.89 | |
TEMA (21): | 9.0770 | |
Williams %R (14): | -80.43 | |
Chande Momentum Oscillator (20): | -0.0407 | |
Repulse (5,40,3): | -0.0095 | |
ROCnROLL: | 2 | |
TRIX (15,9): | -0.0085 | |
Courbe Coppock: | 0.93 |
MA7: | 9.1282 | |
MA20: | 9.2007 | |
MA50: | 9.2175 | |
MA100: | 9.1810 | |
MAexp7: | 9.0821 | |
MAexp20: | 9.0934 | |
MAexp50: | 9.1041 | |
MAexp100: | 9.1194 | |
Price / MA7: | -0.48% | |
Price / MA20: | -1.26% | |
Price / MA50: | -1.44% | |
Price / MA100: | -1.05% | |
Price / MAexp7: | -0.02% | |
Price / MAexp20: | -0.14% | |
Price / MAexp50: | -0.26% | |
Price / MAexp100: | -0.43% |
This member declared not having a position on this financial instrument or a related financial instrument.
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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