CHF/NOK - 1H - Technical analysis published on 02/26/2020 (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:
Strongly bullish
Technical indicators
67%
17%
17%
My opinion
Bullish above 9.5828 NOK
My targets
9.6142 NOK (+0.0111)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on CHF/NOK as long as the price remains well above 9.5828 NOK. The buyers” bullish objective is set at 9.6142 NOK. A bullish break in this resistance would boost the bullish momentum. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
7.7
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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
CHF/NOK rating 9.6031 NOK. The price has increased by +0.12% since the last closing with the lowest point at 9.5698 NOK and the highest point at 9.6122 NOK. The deviation from the price is +0.35% for the low point and -0.09% for the high point.9.5698
9.6122
9.6031
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 HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this CHF/NOK chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further increase are moderate given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
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
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 9.4725 | 9.5242 | 9.5828 | 9.6031 | 9.6142 |
| Change (%) | -1.36% | -0.82% | -0.21% | - | +0.12% |
| Change | -0.1306 | -0.0789 | -0.0203 | - | +0.0111 |
| Level | Minor | Intermediate | Minor | - | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.4227 | 9.4705 | 9.5310 | 9.5788 | 9.6393 | 9.6871 | 9.7476 |
| Camarilla | 9.5616 | 9.5715 | 9.5815 | 9.5914 | 9.6013 | 9.6113 | 9.6212 |
| Woodie | 9.4290 | 9.4737 | 9.5373 | 9.5820 | 9.6456 | 9.6903 | 9.7539 |
| Fibonacci | 9.4705 | 9.5119 | 9.5375 | 9.5788 | 9.6202 | 9.6458 | 9.6871 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.2889 | 9.3452 | 9.4185 | 9.4748 | 9.5481 | 9.6044 | 9.6777 |
| Camarilla | 9.4563 | 9.4681 | 9.4800 | 9.4919 | 9.5038 | 9.5157 | 9.5275 |
| Woodie | 9.2975 | 9.3495 | 9.4271 | 9.4791 | 9.5567 | 9.6087 | 9.6863 |
| Fibonacci | 9.3452 | 9.3947 | 9.4253 | 9.4748 | 9.5243 | 9.5549 | 9.6044 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 60.02 | |
| MACD (12,26,9): | 0.0084 | |
| Directional Movement: | 5.9381 | |
| AROON (14): | -57.1428 | |
| DEMA (21): | 9.5996 | |
| Parabolic SAR (0,02-0,02-0,2): | 9.6076 | |
| Elder Ray (13): | 0.0103 | |
| Super Trend (3,10): | 9.5563 | |
| Zig ZAG (10): | 9.6048 | |
| VORTEX (21): | 1.1284 | |
| Stochastique (14,3,5): | 61.70 | |
| TEMA (21): | 9.5990 | |
| Williams %R (14): | -28.73 | |
| Chande Momentum Oscillator (20): | 0.0020 | |
| Repulse (5,40,3): | 0.1244 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0158 | |
| Courbe Coppock: | 0.05 |
| MA7: | 9.5163 | |
| MA20: | 9.4970 | |
| MA50: | 9.3028 | |
| MA100: | 9.2638 | |
| MAexp7: | 9.5918 | |
| MAexp20: | 9.5867 | |
| MAexp50: | 9.5662 | |
| MAexp100: | 9.5386 | |
| Price / MA7: | +0.91% | |
| Price / MA20: | +1.12% | |
| Price / MA50: | +3.23% | |
| Price / MA100: | +3.66% | |
| Price / MAexp7: | +0.12% | |
| Price / MAexp20: | +0.17% | |
| Price / MAexp50: | +0.39% | |
| Price / MAexp100: | +0.68% |
This member declared not having a position on this financial instrument or a related financial instrument.
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