USD/NOK - 1H - Technical analysis published on 03/28/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Strongly bearish
Technical indicators
44%
33%
22%
My opinion
Bearish under 8.6705 NOK
My targets
8.6368 NOK (-0.0031)
8.5693 NOK (-0.0706)
My analysis
With a strongly bearish trend, the price of USD/NOK is trying to inflate a little while more or less stagnating in the short term. Is the price preparing for a rebound or a bearish rally recovery? Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 8.6705 NOK remains possible. It would be possible for traders to only trade short positions (for sale) on USD/NOK as long as the price remains well below 8.6705 NOK. The next bearish objective for sellers is set at 8.6368 NOK. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 8.5693 NOK. In case of crossing, the next objective would be the support located at 8.3190 NOK.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
3.9
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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 8.6399 NOK. The price registered an increase of +0.43% on the session and was between 8.5951 NOK and 8.6894 NOK. This implies that the price is at +0.52% from its lowest and at -0.57% from its highest.8.5951
8.6894
8.6399
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by USD/NOK:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
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 strongly bearish. 82.14% of the signals given by moving averages are bearish. Caution: this global trend is showing signs of running out of steam given the neutral signals of 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
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 8 are bullish, 4 are neutral and 6 are bearish. No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near resistance of channel
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 | 8.1742 | 8.3190 | 8.5693 | 8.6399 | 8.7167 | 8.7705 | 8.8133 |
| Change (%) | -5.39% | -3.71% | -0.82% | - | +0.89% | +1.51% | +2.01% |
| Change | -0.4657 | -0.3209 | -0.0706 | - | +0.0768 | +0.1306 | +0.1734 |
| Level | Intermediate | Intermediate | Intermediate | - | Intermediate | Intermediate | 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 | 8.4922 | 8.5476 | 8.5754 | 8.6308 | 8.6586 | 8.7140 | 8.7418 |
| Camarilla | 8.5802 | 8.5879 | 8.5955 | 8.6031 | 8.6107 | 8.6184 | 8.6260 |
| Woodie | 8.4783 | 8.5407 | 8.5615 | 8.6239 | 8.6447 | 8.7071 | 8.7279 |
| Fibonacci | 8.5476 | 8.5794 | 8.5991 | 8.6308 | 8.6626 | 8.6823 | 8.7140 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.3228 | 8.4612 | 8.5321 | 8.6705 | 8.7414 | 8.8798 | 8.9507 |
| Camarilla | 8.5455 | 8.5647 | 8.5839 | 8.6031 | 8.6223 | 8.6415 | 8.6607 |
| Woodie | 8.2892 | 8.4443 | 8.4985 | 8.6536 | 8.7078 | 8.8629 | 8.9171 |
| Fibonacci | 8.4612 | 8.5411 | 8.5905 | 8.6705 | 8.7504 | 8.7998 | 8.8798 |
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 technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 46.75 | |
| MACD (12,26,9): | 0.0004 | |
| Directional Movement: | -2.7096 | |
| AROON (14): | 71.4285 | |
| DEMA (21): | 8.6397 | |
| Parabolic SAR (0,02-0,02-0,2): | 8.6863 | |
| Elder Ray (13): | -0.0101 | |
| Super Trend (3,10): | 8.6093 | |
| Zig ZAG (10): | 8.6325 | |
| VORTEX (21): | 1.0339 | |
| Stochastique (14,3,5): | 44.36 | |
| TEMA (21): | 8.6472 | |
| Williams %R (14): | -60.23 | |
| Chande Momentum Oscillator (20): | 0.0076 | |
| Repulse (5,40,3): | -0.1134 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0025 | |
| Courbe Coppock: | 0.76 |
| MA7: | 8.6884 | |
| MA20: | 8.8525 | |
| MA50: | 8.8675 | |
| MA100: | 8.8765 | |
| MAexp7: | 8.6430 | |
| MAexp20: | 8.6408 | |
| MAexp50: | 8.6519 | |
| MAexp100: | 8.6852 | |
| Price / MA7: | -0.56% | |
| Price / MA20: | -2.40% | |
| Price / MA50: | -2.57% | |
| Price / MA100: | -2.67% | |
| Price / MAexp7: | -0.04% | |
| Price / MAexp20: | -0.01% | |
| Price / MAexp50: | -0.14% | |
| Price / MAexp100: | -0.52% |
Quotes :
-
Real time data
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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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