USD/NOK - 1H - Technical analysis published on 04/22/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
22%
50%
28%
My opinion
Bearish under 8.3545 NOK
My targets
8.2812 NOK (-0.0473)
8.2469 NOK (-0.0816)
My analysis
In the short term, we can see an acceleration in the bearish trend on USD/NOK, which is a positive signal for sellers. As long as the price remains above 8.3545 NOK, a sale could be considered. The first bearish objective is located at 8.2812 NOK. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 8.2469 NOK as an objective. Crossing it would then enable sellers to target 7.6516 NOK. If the price were to return above 8.3545 NOK, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be risky.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
5.5
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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 USD/NOK price is 8.3285 NOK. On the day, this instrument lost -0.12% and was traded between 8.3258 NOK and 8.3432 NOK over the period. The price is currently at +0.03% from its lowest and -0.18% from its highest.8.3258
8.3432
8.3285
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
A technical analysis in 1H of this USD/NOK chart shows a bearish trend. 78.57% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
On the 18 technical indicators analysed, 4 are bullish, 5 are neutral and 9 are bearish. The Central Indicators scanner found this result concerning these indicators:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 7.6516 | 8.2469 | 8.2812 | 8.3285 | 8.3545 | 8.3908 | 8.4711 |
| Change (%) | -8.13% | -0.98% | -0.57% | - | +0.31% | +0.75% | +1.71% |
| Change | -0.6769 | -0.0816 | -0.0473 | - | +0.0260 | +0.0623 | +0.1426 |
| Level | Major | Intermediate | Minor | - | Major | Major | Minor |
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 | 8.2568 | 8.2953 | 8.3168 | 8.3553 | 8.3768 | 8.4153 | 8.4368 |
| Camarilla | 8.3217 | 8.3272 | 8.3327 | 8.3382 | 8.3437 | 8.3492 | 8.3547 |
| Woodie | 8.2482 | 8.2911 | 8.3082 | 8.3511 | 8.3682 | 8.4111 | 8.4282 |
| Fibonacci | 8.2953 | 8.3183 | 8.3324 | 8.3553 | 8.3783 | 8.3924 | 8.4153 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.0802 | 8.2170 | 8.2940 | 8.4308 | 8.5078 | 8.6446 | 8.7216 |
| Camarilla | 8.3121 | 8.3317 | 8.3513 | 8.3709 | 8.3905 | 8.4101 | 8.4297 |
| Woodie | 8.0502 | 8.2021 | 8.2640 | 8.4159 | 8.4778 | 8.6297 | 8.6916 |
| Fibonacci | 8.2170 | 8.2987 | 8.3492 | 8.4308 | 8.5125 | 8.5630 | 8.6446 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.0865 | 8.2323 | 8.3892 | 8.5350 | 8.6919 | 8.8377 | 8.9946 |
| Camarilla | 8.4630 | 8.4907 | 8.5185 | 8.5462 | 8.5740 | 8.6017 | 8.6294 |
| Woodie | 8.0922 | 8.2351 | 8.3949 | 8.5378 | 8.6976 | 8.8405 | 9.0003 |
| Fibonacci | 8.2323 | 8.3479 | 8.4193 | 8.5350 | 8.6506 | 8.7220 | 8.8377 |
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): | 39.90 | |
| MACD (12,26,9): | -0.0046 | |
| Directional Movement: | -9.9648 | |
| AROON (14): | -92.8571 | |
| DEMA (21): | 8.3393 | |
| Parabolic SAR (0,02-0,02-0,2): | 8.3637 | |
| Elder Ray (13): | -0.0013 | |
| Super Trend (3,10): | 8.3705 | |
| Zig ZAG (10): | 8.3386 | |
| VORTEX (21): | 0.9868 | |
| Stochastique (14,3,5): | 36.14 | |
| TEMA (21): | 8.3320 | |
| Williams %R (14): | -56.65 | |
| Chande Momentum Oscillator (20): | -0.0041 | |
| Repulse (5,40,3): | -0.0001 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0040 | |
| Courbe Coppock: | 0.41 |
| MA7: | 8.3521 | |
| MA20: | 8.4555 | |
| MA50: | 8.4822 | |
| MA100: | 8.5370 | |
| MAexp7: | 8.3368 | |
| MAexp20: | 8.3412 | |
| MAexp50: | 8.3426 | |
| MAexp100: | 8.3524 | |
| Price / MA7: | -0.28% | |
| Price / MA20: | -1.50% | |
| Price / MA50: | -1.81% | |
| Price / MA100: | -2.44% | |
| Price / MAexp7: | -0.10% | |
| Price / MAexp20: | -0.15% | |
| Price / MAexp50: | -0.17% | |
| Price / MAexp100: | -0.28% |
Quotes :
-
Real time data
-
Forex
News
The latest news and videos published on USD/NOK at the time of the analysis were as follows:
Sizeable correction possible on USD/NOK, Trade idea for IntelThis member declared not having a position on this financial instrument or a related financial instrument.
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