USD/NOK
USD NOK
- NOK (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: USDNOK
ISIN:

USD/NOK - 1H - Technical analysis published on 03/10/2022 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Slightly bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 8.9467 NOK
My targets
9.0043 NOK (+0.0453)
9.0419 NOK (+0.0829)
My analysis
The short-term increase currently reinforces the basic trend, which is only slightly bullish. It would be possible for traders to only trade long positions (at the time of purchase) on USD/NOK as long as the price remains well above 8.9467 NOK. The buyers' bullish objective is set at 9.0043 NOK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 9.0419 NOK. If there is any crossing, the next objective would be the resistance located at 9.0813 NOK.

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
5.9

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:
15 min. Daily Weekly

Additional analysis

Quotes

The USD/NOK price is 8.9590 NOK. The price registered an increase of +0.50% on the session and was between 8.9027 NOK and 8.9811 NOK. This implies that the price is at +0.63% from its lowest and at -0.25% from its highest.

8.9027
8.9811
8.9590

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by USD/NOK:
The Central Records scanner for higher/lower results shows the following items:

Central Records

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly


Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of this 1H chart of USD/NOK indicates that the overall trend is slightly bullish. 60.71% of the signals given by moving averages are bullish. This slightly bullish trend could be reinforced by the strong bullish signals 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:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found this result concerning these indicators:

Central Indicators

MACD 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:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour


Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour



No result was found by the Central Candlesticks scanner on Japanese candlesticks.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 8.8133 8.8774 8.9467 8.9590 9.0043 9.0419 9.0813
Change (%) -1.63% -0.91% -0.14% - +0.51% +0.93% +1.37%
Change -0.1457 -0.0816 -0.0123 - +0.0453 +0.0829 +0.1223
Level Major Minor Major - Intermediate Minor Minor



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard8.74818.81288.86358.92828.97899.04369.0943
Camarilla8.88268.89318.90378.91438.92498.93558.9460
Woodie8.74128.80938.85668.92478.97209.04019.0874
Fibonacci8.81288.85698.88418.92828.97238.99959.0436


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard8.50638.63618.79528.92509.08419.21399.3730
Camarilla8.87488.90128.92778.95428.98079.00729.0337
Woodie8.52098.64348.80988.93239.09879.22129.3876
Fibonacci8.63618.74658.81478.92509.03549.10369.2139


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard8.23328.46018.63688.86379.04049.26739.4440
Camarilla8.70258.73958.77658.81358.85058.88758.9245
Woodie8.20818.44768.61178.85129.01539.25489.4189
Fibonacci8.46018.61438.70958.86379.01799.11319.2673

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): 56.01
MACD (12,26,9): 0.0008
Directional Movement: 8.7487
AROON (14): 71.4286
DEMA (21): 8.9311
Parabolic SAR (0,02-0,02-0,2): 8.9043
Elder Ray (13): 0.0182
Super Trend (3,10): 8.8826
Zig ZAG (10): 8.9531
VORTEX (21): 1.1072
Stochastique (14,3,5): 78.09
TEMA (21): 8.9444
Williams %R (14): -28.14
Chande Momentum Oscillator (20): 0.0463
Repulse (5,40,3): 0.3675
ROCnROLL: 1
TRIX (15,9): -0.0107
Courbe Coppock: 0.61
MA7: 8.9476
MA20: 8.9204
MA50: 8.8688
MA100: 8.8342
MAexp7: 8.9456
MAexp20: 8.9345
MAexp50: 8.9466
MAexp100: 8.9527
Price / MA7: +0.13%
Price / MA20: +0.43%
Price / MA50: +1.02%
Price / MA100: +1.41%
Price / MAexp7: +0.15%
Price / MAexp20: +0.27%
Price / MAexp50: +0.14%
Price / MAexp100: +0.07%

Quotes : - Real time data - Forex

News


Don't forget to follow the news on USD/NOK. At the time of publication of this analysis, the latest news was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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