CHF/NOK - 1H - Technical analysis published on 02/07/2020 (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:
Strongly bullish
De fond:
Neutral
Technical indicators
83%
0%
17%
My opinion
Bullish above 9.4479 NOK
My targets
9.5330 NOK (+0.0481)
9.5705 NOK (+0.0856)
My analysis
The strong short-term increase of CHF/NOK should quickly allow the basic trend to become bullish. As long as the price remains above the support located at 9.4479 NOK, a purchase could be considered. The first bullish objective is located at 9.5330 NOK. The bullish momentum would be boosted by a break in this resistance. Buyers could then target the resistance located at 9.5705 NOK. If there is any crossing, the next objective would be the resistance at 9.6286 NOK. Caution, if there is a return under 9.4479 NOK, it should not be forgotten that the basic trend is not yet clear. Caution would then be required.
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
3.8
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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
The CHF/NOK price is 9.4849 NOK. On the day, this instrument lost +0.26% and was traded between 9.4503 NOK and 9.4870 NOK over the period. The price is currently at +0.37% from its lowest and -0.02% from its highest.9.4503
9.4870
9.4849
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by CHF/NOK:
New HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this CHF/NOK chart shows a neutral trend. The strong bullish signals currently being given by short-term moving averages could allow the overall trend to return to bullish. The Central Indicators market scanner is currently detecting several bearish and bullish signals that could impact this trend:
Moving Average bullish crossovers : MA20 & MA50
Type : Bullish
Timeframe : 1 hour
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, 15 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
Aroon indicator bullish trend
Type : Bullish
Timeframe : 1 hour
MACD indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : 1 hour
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
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 | 9.3853 | 9.4195 | 9.4479 | 9.4849 | 9.4878 | 9.5330 | 9.5705 |
| Change (%) | -1.05% | -0.69% | -0.39% | - | +0.03% | +0.51% | +0.90% |
| Change | -0.0996 | -0.0654 | -0.0370 | - | +0.0029 | +0.0481 | +0.0856 |
| Level | Minor | Intermediate | 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 | 9.3553 | 9.3875 | 9.4241 | 9.4563 | 9.4929 | 9.5251 | 9.5617 |
| Camarilla | 9.4417 | 9.4480 | 9.4543 | 9.4606 | 9.4669 | 9.4732 | 9.4795 |
| Woodie | 9.3574 | 9.3886 | 9.4262 | 9.4574 | 9.4950 | 9.5262 | 9.5638 |
| Fibonacci | 9.3875 | 9.4138 | 9.4301 | 9.4563 | 9.4826 | 9.4989 | 9.5251 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.1463 | 9.2335 | 9.3948 | 9.4820 | 9.6433 | 9.7305 | 9.8918 |
| Camarilla | 9.4877 | 9.5104 | 9.5332 | 9.5560 | 9.5788 | 9.6016 | 9.6243 |
| Woodie | 9.1833 | 9.2520 | 9.4318 | 9.5005 | 9.6803 | 9.7490 | 9.9288 |
| Fibonacci | 9.2335 | 9.3285 | 9.3871 | 9.4820 | 9.5770 | 9.6356 | 9.7305 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.6554 | 8.8409 | 9.1984 | 9.3839 | 9.7414 | 9.9269 | 10.2844 |
| Camarilla | 9.4067 | 9.4565 | 9.5062 | 9.5560 | 9.6058 | 9.6556 | 9.7053 |
| Woodie | 8.7415 | 8.8839 | 9.2845 | 9.4269 | 9.8275 | 9.9699 | 10.3705 |
| Fibonacci | 8.8409 | 9.0483 | 9.1764 | 9.3839 | 9.5913 | 9.7194 | 9.9269 |
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): | 56.73 | |
| MACD (12,26,9): | 0.0009 | |
| Directional Movement: | 1.2396 | |
| AROON (14): | 85.7143 | |
| DEMA (21): | 9.4646 | |
| Parabolic SAR (0,02-0,02-0,2): | 9.4854 | |
| Elder Ray (13): | 0.0007 | |
| Super Trend (3,10): | 9.4300 | |
| Zig ZAG (10): | 9.4773 | |
| VORTEX (21): | 0.9860 | |
| Stochastique (14,3,5): | 58.83 | |
| TEMA (21): | 9.4714 | |
| Williams %R (14): | -3.35 | |
| Chande Momentum Oscillator (20): | 0.0274 | |
| Repulse (5,40,3): | 0.2874 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0005 | |
| Courbe Coppock: | 0.05 |
| MA7: | 9.5085 | |
| MA20: | 9.3533 | |
| MA50: | 9.2368 | |
| MA100: | 9.2209 | |
| MAexp7: | 9.4683 | |
| MAexp20: | 9.4647 | |
| MAexp50: | 9.4725 | |
| MAexp100: | 9.4824 | |
| Price / MA7: | -0.25% | |
| Price / MA20: | +1.41% | |
| Price / MA50: | +2.69% | |
| Price / MA100: | +2.86% | |
| Price / MAexp7: | +0.18% | |
| Price / MAexp20: | +0.21% | |
| Price / MAexp50: | +0.13% | |
| Price / MAexp100: | +0.03% |
This member declared not having a position on this financial instrument or a related financial instrument.
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