CHF/NOK - 1H - Technical analysis published on 03/27/2020 (GMT)
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- Timeframe : 1H
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- Status : NEUTRAL
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Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Slightly bearish
Technical indicators
78%
0%
22%
My opinion
Neutral between 10.8400 NOK and 11.1363 NOK
My targets
-
My analysis
The basic trend is slightly bearish and the short term is tentatively bullish. With such a pattern, it is difficult to favour buying or selling. The first resistance is located at 11.1363 NOK. The first support is located at 10.8400 NOK. Without a basic trend, it is be important to monitor the price reaction at the first levels of resistance or support. A bullish break in resistance could quickly reverse the basic trend. A bearish break in the support would be welcome to boost the slightly bearish basic trend. On the other hand, if the price is blocked by resistance or support, it could be attractive to trade against the trend on the last short-term movement registered by CHF/NOK.
In the very short term, despite the neutral opinion of this analysis, technical indicators are bullish and could soon allow change to a bullish sentiment.
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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 10.9762 NOK. On the day, this instrument lost +1.51% and was between 10.8083 NOK and 11.1214 NOK. This implies that the price is at +1.55% from its lowest and at -1.31% from its highest.10.8083
11.1214
10.9762
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
The Central Volumes scanner notes the presence of abnormal volumes:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Technical
Technical analysis of CHF/NOK in 1H shows an overall slightly bearish trend. Only 60.71% of the signals given by moving averages are bearish. This slightly bearish trend could turn neutral or reverse given the slightly bullish signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Resistance of triangle is broken
Type : Bullish
Timeframe : 1 hour
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 9.3213 | 9.6142 | 10.7726 | 10.9762 | 11.1363 | 11.9241 | 12.1441 |
| Change (%) | -15.08% | -12.41% | -1.85% | - | +1.46% | +8.64% | +10.64% |
| Change | -1.6549 | -1.3620 | -0.2036 | - | +0.1601 | +0.9479 | +1.1679 |
| Level | Intermediate | Minor | Intermediate | - | Intermediate | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.3271 | 10.5509 | 10.6821 | 10.9059 | 11.0371 | 11.2609 | 11.3921 |
| Camarilla | 10.7157 | 10.7482 | 10.7808 | 10.8133 | 10.8458 | 10.8784 | 10.9109 |
| Woodie | 10.2808 | 10.5278 | 10.6358 | 10.8828 | 10.9908 | 11.2378 | 11.3458 |
| Fibonacci | 10.5509 | 10.6865 | 10.7703 | 10.9059 | 11.0415 | 11.1253 | 11.2609 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.9367 | 9.7560 | 10.8400 | 11.6593 | 12.7433 | 13.5626 | 14.6466 |
| Camarilla | 11.4007 | 11.5752 | 11.7496 | 11.9241 | 12.0986 | 12.2730 | 12.4475 |
| Woodie | 9.0692 | 9.8222 | 10.9725 | 11.7255 | 12.8758 | 13.6288 | 14.7791 |
| Fibonacci | 9.7560 | 10.4830 | 10.9322 | 11.6593 | 12.3863 | 12.8355 | 13.5626 |
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 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): | 58.16 | |
| MACD (12,26,9): | 0.0262 | |
| Directional Movement: | 17.8723 | |
| AROON (14): | 85.7143 | |
| DEMA (21): | 10.9627 | |
| Parabolic SAR (0,02-0,02-0,2): | 10.8751 | |
| Elder Ray (13): | 0.0649 | |
| Super Trend (3,10): | 10.7984 | |
| Zig ZAG (10): | 11.0253 | |
| VORTEX (21): | 1.1470 | |
| Stochastique (14,3,5): | 68.81 | |
| TEMA (21): | 11.0251 | |
| Williams %R (14): | -31.62 | |
| Chande Momentum Oscillator (20): | 0.1867 | |
| Repulse (5,40,3): | -0.1128 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0051 | |
| Courbe Coppock: | 3.18 |
| MA7: | 11.3034 | |
| MA20: | 10.6719 | |
| MA50: | 9.9484 | |
| MA100: | 9.5632 | |
| MAexp7: | 10.9880 | |
| MAexp20: | 10.9424 | |
| MAexp50: | 10.9847 | |
| MAexp100: | 11.1070 | |
| Price / MA7: | -2.89% | |
| Price / MA20: | +2.85% | |
| Price / MA50: | +10.33% | |
| Price / MA100: | +14.78% | |
| Price / MAexp7: | -0.11% | |
| Price / MAexp20: | +0.31% | |
| Price / MAexp50: | -0.08% | |
| Price / MAexp100: | -1.18% |
This member declared not having a position on this financial instrument or a related financial instrument.
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