USD/NOK - 1H - Technical analysis published on 03/10/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
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
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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 8.9590 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.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by USD/NOK:
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:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
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:
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
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
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 |
---|---|---|---|---|---|---|---|
Standard | 8.7481 | 8.8128 | 8.8635 | 8.9282 | 8.9789 | 9.0436 | 9.0943 |
Camarilla | 8.8826 | 8.8931 | 8.9037 | 8.9143 | 8.9249 | 8.9355 | 8.9460 |
Woodie | 8.7412 | 8.8093 | 8.8566 | 8.9247 | 8.9720 | 9.0401 | 9.0874 |
Fibonacci | 8.8128 | 8.8569 | 8.8841 | 8.9282 | 8.9723 | 8.9995 | 9.0436 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 8.5063 | 8.6361 | 8.7952 | 8.9250 | 9.0841 | 9.2139 | 9.3730 |
Camarilla | 8.8748 | 8.9012 | 8.9277 | 8.9542 | 8.9807 | 9.0072 | 9.0337 |
Woodie | 8.5209 | 8.6434 | 8.8098 | 8.9323 | 9.0987 | 9.2212 | 9.3876 |
Fibonacci | 8.6361 | 8.7465 | 8.8147 | 8.9250 | 9.0354 | 9.1036 | 9.2139 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 8.2332 | 8.4601 | 8.6368 | 8.8637 | 9.0404 | 9.2673 | 9.4440 |
Camarilla | 8.7025 | 8.7395 | 8.7765 | 8.8135 | 8.8505 | 8.8875 | 8.9245 |
Woodie | 8.2081 | 8.4476 | 8.6117 | 8.8512 | 9.0153 | 9.2548 | 9.4189 |
Fibonacci | 8.4601 | 8.6143 | 8.7095 | 8.8637 | 9.0179 | 9.1131 | 9.2673 |
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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