CHF/NOK - 1H - Technical analysis published on 03/10/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Court terme:
Bearish
De fond:
Bullish
Technical indicators
28%
28%
44%
My opinion
Bullish above 10.1703 NOK
My targets
10.2812 NOK (+0.0594)
10.4003 NOK (+0.1785)
My analysis
The basic trend is bullish on CHF/NOK and in the short term, the price is attempting to correct. For the time being, this is only a simple technical correction and the basic trend is not threatened. For the correction to be confirmed, it would have to at least return to below the support 10.1703 NOK. Sellers would then use the next support located at 10.1055 NOK as an objective. Crossing it would then enable sellers to target 9.9866 NOK. If there is a return to above the resistance located at 10.2812 NOK, this would be a sign of a reversal in the basic bullish trend.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
FORCE
0
10
1.1
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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 rating is 10.2218 NOK. The price has increased by -0.49% since the last closing with the lowest point at 10.1074 NOK and the highest point at 10.3170 NOK. The deviation from the price is +1.13% for the low point and -0.92% for the high point.10.1074
10.3170
10.2218
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend 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:
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
Technical analysis of this 1H chart of CHF/NOK indicates that the overall trend is bullish. The signals given by moving averages are 64.29% bullish. This bullish trend could slow down given the slightly bearish signals currently being given by short-term moving averages. 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
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 5 are bullish, 8 are neutral and 5 are bearish. 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 2
Type : Neutral
Timeframe : Weekly
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
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
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 9.7212 | 9.8357 | 10.1703 | 10.2218 | 10.4003 |
| Change (%) | -4.90% | -3.78% | -0.50% | - | +1.75% |
| Change | -0.5006 | -0.3861 | -0.0515 | - | +0.1785 |
| Level | Minor | Minor | Minor | - | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.7067 | 9.8713 | 10.0717 | 10.2363 | 10.4367 | 10.6013 | 10.8017 |
| Camarilla | 10.1718 | 10.2053 | 10.2387 | 10.2722 | 10.3057 | 10.3391 | 10.3726 |
| Woodie | 9.7247 | 9.8803 | 10.0897 | 10.2453 | 10.4547 | 10.6103 | 10.8197 |
| Fibonacci | 9.8713 | 10.0107 | 10.0968 | 10.2363 | 10.3757 | 10.4618 | 10.6013 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.3974 | 9.5163 | 9.6920 | 9.8109 | 9.9866 | 10.1055 | 10.2812 |
| Camarilla | 9.7868 | 9.8138 | 9.8408 | 9.8678 | 9.8948 | 9.9218 | 9.9488 |
| Woodie | 9.4259 | 9.5305 | 9.7205 | 9.8251 | 10.0151 | 10.1197 | 10.3097 |
| Fibonacci | 9.5163 | 9.6288 | 9.6983 | 9.8109 | 9.9234 | 9.9929 | 10.1055 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.0487 | 9.2251 | 9.4827 | 9.6591 | 9.9167 | 10.0931 | 10.3507 |
| Camarilla | 9.6211 | 9.6608 | 9.7006 | 9.7404 | 9.7802 | 9.8200 | 9.8598 |
| Woodie | 9.0894 | 9.2454 | 9.5234 | 9.6794 | 9.9574 | 10.1134 | 10.3914 |
| Fibonacci | 9.2251 | 9.3909 | 9.4933 | 9.6591 | 9.8249 | 9.9273 | 10.0931 |
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): | 49.01 | |
| MACD (12,26,9): | 0.0057 | |
| Directional Movement: | -3.2227 | |
| AROON (14): | 35.7143 | |
| DEMA (21): | 10.2446 | |
| Parabolic SAR (0,02-0,02-0,2): | 10.1411 | |
| Elder Ray (13): | -0.0205 | |
| Super Trend (3,10): | 10.1120 | |
| Zig ZAG (10): | 10.2091 | |
| VORTEX (21): | 0.9160 | |
| Stochastique (14,3,5): | 61.70 | |
| TEMA (21): | 10.2180 | |
| Williams %R (14): | -50.32 | |
| Chande Momentum Oscillator (20): | -0.0072 | |
| Repulse (5,40,3): | -0.5426 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0029 | |
| Courbe Coppock: | 0.01 |
| MA7: | 9.8917 | |
| MA20: | 9.6549 | |
| MA50: | 9.4394 | |
| MA100: | 9.3222 | |
| MAexp7: | 10.2335 | |
| MAexp20: | 10.2349 | |
| MAexp50: | 10.1803 | |
| MAexp100: | 10.0620 | |
| Price / MA7: | +3.34% | |
| Price / MA20: | +5.87% | |
| Price / MA50: | +8.29% | |
| Price / MA100: | +9.65% | |
| Price / MAexp7: | -0.11% | |
| Price / MAexp20: | -0.13% | |
| Price / MAexp50: | +0.41% | |
| Price / MAexp100: | +1.59% |
This member declared not having a position on this financial instrument or a related financial instrument.
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