CHF/NOK - 1H - Technical analysis published on 01/23/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bullish
Technical indicators
22%
39%
39%
My opinion
Bullish above 9.2610 NOK
My targets
9.2871 NOK (+0.0160)
9.3213 NOK (+0.0502)
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 9.2610 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 9.2610 NOK. The next bullish objective for buyers is set at 9.2871 NOK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 9.3213 NOK. PS: if there is a bearish break in the support located at 9.2610 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.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
FORCE
0
10
2.7
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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 9.2711 NOK. The price registered an increase of -0.11% on the session and was traded between 9.2645 NOK and 9.2985 NOK over the period. The price is currently at +0.07% from its lowest and -0.29% from its highest.9.2645
9.2985
9.2711
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 (5 years)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this CHF/NOK chart shows a bullish trend. 75% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. An assessment of moving averages reveals several bearish signals that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
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 over resistance 1
Type : Neutral
Timeframe : Weekly
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : 1 hour
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 9.1841 | 9.2375 | 9.2610 | 9.2711 | 9.2871 | 9.3213 |
| Change (%) | -0.94% | -0.36% | -0.11% | - | +0.17% | +0.54% |
| Change | -0.0870 | -0.0336 | -0.0101 | - | +0.0160 | +0.0502 |
| Level | Intermediate | Major | Minor | - | 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 | 9.1813 | 9.2015 | 9.2414 | 9.2616 | 9.3015 | 9.3217 | 9.3616 |
| Camarilla | 9.2647 | 9.2702 | 9.2757 | 9.2812 | 9.2867 | 9.2922 | 9.2977 |
| Woodie | 9.1911 | 9.2064 | 9.2512 | 9.2665 | 9.3113 | 9.3266 | 9.3714 |
| Fibonacci | 9.2015 | 9.2245 | 9.2387 | 9.2616 | 9.2846 | 9.2988 | 9.3217 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.0138 | 9.0612 | 9.1322 | 9.1796 | 9.2506 | 9.2980 | 9.3690 |
| Camarilla | 9.1707 | 9.1816 | 9.1925 | 9.2033 | 9.2142 | 9.2250 | 9.2359 |
| Woodie | 9.0257 | 9.0671 | 9.1441 | 9.1855 | 9.2625 | 9.3039 | 9.3809 |
| Fibonacci | 9.0612 | 9.1064 | 9.1343 | 9.1796 | 9.2248 | 9.2527 | 9.2980 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.6420 | 8.8382 | 8.9543 | 9.1505 | 9.2666 | 9.4628 | 9.5789 |
| Camarilla | 8.9845 | 9.0131 | 9.0418 | 9.0704 | 9.0990 | 9.1277 | 9.1563 |
| Woodie | 8.6020 | 8.8182 | 8.9143 | 9.1305 | 9.2266 | 9.4428 | 9.5389 |
| Fibonacci | 8.8382 | 8.9575 | 9.0312 | 9.1505 | 9.2698 | 9.3435 | 9.4628 |
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): | 47.67 | |
| MACD (12,26,9): | 0.0038 | |
| Directional Movement: | -0.5397 | |
| AROON (14): | 57.1428 | |
| DEMA (21): | 9.2803 | |
| Parabolic SAR (0,02-0,02-0,2): | 9.2979 | |
| Elder Ray (13): | -0.0068 | |
| Super Trend (3,10): | 9.2574 | |
| Zig ZAG (10): | 9.2732 | |
| VORTEX (21): | 1.0275 | |
| Stochastique (14,3,5): | 28.33 | |
| TEMA (21): | 9.2803 | |
| Williams %R (14): | -71.76 | |
| Chande Momentum Oscillator (20): | -0.0077 | |
| Repulse (5,40,3): | -0.1435 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0078 | |
| Courbe Coppock: | 0.08 |
| MA7: | 9.2361 | |
| MA20: | 9.1497 | |
| MA50: | 9.1793 | |
| MA100: | 9.1743 | |
| MAexp7: | 9.2768 | |
| MAexp20: | 9.2749 | |
| MAexp50: | 9.2642 | |
| MAexp100: | 9.2457 | |
| Price / MA7: | +0.38% | |
| Price / MA20: | +1.33% | |
| Price / MA50: | +1.00% | |
| Price / MA100: | +1.06% | |
| Price / MAexp7: | -0.06% | |
| Price / MAexp20: | -0.04% | |
| Price / MAexp50: | +0.07% | |
| Price / MAexp100: | +0.27% |
This member declared not having a position on this financial instrument or a related financial instrument.
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