USD/NOK - 1H - Technical analysis published on 02/10/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Slightly bearish
Technical indicators
22%
44%
33%
My opinion
Bearish under 8.8183 NOK
My targets
8.7718 NOK (-0.0300)
8.6675 NOK (-0.1343)
My analysis
The bearish trend is truly tentative and does not seem to be supported in the short term. It is advisable to trade USD/NOK with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 8.8183 NOK. The next bearish objective for sellers is set at 8.7718 NOK. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 8.6675 NOK. In case of crossing, the next objective would be the support located at 8.5683 NOK. In the event of a bullish break in the resistance located at 8.8183 NOK a certain indecision would take hold.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
2.9
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
USD/NOK rating 8.8018 NOK. On the day, this instrument lost -0.22% and was traded between 8.7967 NOK and 8.8386 NOK over the period. The price is currently at +0.06% from its lowest and -0.42% from its highest.8.7967
8.8386
8.8018
The Central Gaps scanner detects a bearish opening. A small advantage for sellers 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:
Near a new HIGH record (1 year)
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 USD/NOK indicates that the overall trend is slightly bearish. 57.14% of the signals given by moving averages are bearish. The overall trend remains fragile, reflecting the slightly bearish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish and bullish signals that could impact this trend:
Bearish trend reversal : Moving Average 50
Type : Bearish
Timeframe : 1 hour
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bearish trend reversal : adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
Bearish trend reversal : adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
Moving Average bullish crossovers : MA20 & MA50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 6 are neutral and 8 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel 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 | 8.5683 | 8.6675 | 8.7718 | 8.8018 | 8.8183 | 8.8468 | 8.8853 |
| Change (%) | -2.65% | -1.53% | -0.34% | - | +0.19% | +0.51% | +0.95% |
| Change | -0.2335 | -0.1343 | -0.0300 | - | +0.0165 | +0.0450 | +0.0835 |
| Level | Minor | Major | Major | - | Minor | Major | 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 | 8.7201 | 8.7507 | 8.7858 | 8.8164 | 8.8515 | 8.8821 | 8.9172 |
| Camarilla | 8.8027 | 8.8088 | 8.8148 | 8.8208 | 8.8268 | 8.8329 | 8.8389 |
| Woodie | 8.7223 | 8.7518 | 8.7880 | 8.8175 | 8.8537 | 8.8832 | 8.9194 |
| Fibonacci | 8.7507 | 8.7758 | 8.7913 | 8.8164 | 8.8415 | 8.8570 | 8.8821 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.3252 | 8.5061 | 8.6512 | 8.8321 | 8.9772 | 9.1581 | 9.3032 |
| Camarilla | 8.7067 | 8.7365 | 8.7664 | 8.7963 | 8.8262 | 8.8561 | 8.8860 |
| Woodie | 8.3073 | 8.4972 | 8.6333 | 8.8232 | 8.9593 | 9.1492 | 9.2853 |
| Fibonacci | 8.5061 | 8.6306 | 8.7076 | 8.8321 | 8.9566 | 9.0336 | 9.1581 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.2455 | 8.4372 | 8.6714 | 8.8631 | 9.0973 | 9.2890 | 9.5232 |
| Camarilla | 8.7885 | 8.8275 | 8.8666 | 8.9056 | 8.9446 | 8.9837 | 9.0227 |
| Woodie | 8.2668 | 8.4478 | 8.6927 | 8.8737 | 9.1186 | 9.2996 | 9.5445 |
| Fibonacci | 8.4372 | 8.5999 | 8.7004 | 8.8631 | 9.0258 | 9.1263 | 9.2890 |
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): | 43.60 | |
| MACD (12,26,9): | 0.0014 | |
| Directional Movement: | -1.0515 | |
| AROON (14): | -7.1428 | |
| DEMA (21): | 8.8181 | |
| Parabolic SAR (0,02-0,02-0,2): | 8.8386 | |
| Elder Ray (13): | -0.0077 | |
| Super Trend (3,10): | 8.8446 | |
| Zig ZAG (10): | 8.8033 | |
| VORTEX (21): | 1.0658 | |
| Stochastique (14,3,5): | 32.00 | |
| TEMA (21): | 8.8175 | |
| Williams %R (14): | -83.05 | |
| Chande Momentum Oscillator (20): | -0.0047 | |
| Repulse (5,40,3): | -0.2372 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0037 | |
| Courbe Coppock: | 0.25 |
| MA7: | 8.7945 | |
| MA20: | 8.8440 | |
| MA50: | 8.8816 | |
| MA100: | 8.7575 | |
| MAexp7: | 8.8155 | |
| MAexp20: | 8.8161 | |
| MAexp50: | 8.8118 | |
| MAexp100: | 8.8106 | |
| Price / MA7: | +0.08% | |
| Price / MA20: | -0.48% | |
| Price / MA50: | -0.90% | |
| Price / MA100: | +0.51% | |
| Price / MAexp7: | -0.15% | |
| Price / MAexp20: | -0.16% | |
| Price / MAexp50: | -0.11% | |
| Price / MAexp100: | -0.10% |
Quotes :
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Real time data
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Forex
News
The last news published on USD/NOK at the time of the generation of this analysis was 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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