USD/NOK - 1H - Technical analysis published on 05/18/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Slightly bearish
Technical indicators
83%
0%
17%
My opinion
Neutral between 9.7079 NOK and 9.7553 NOK
My targets
-
My analysis
The short-term increase on USD/NOK remains moderate but could challenge the slightly bearish basic trend. It is difficult to advise a trading direction under these conditions. The first resistance is located at 9.7553 NOK. The first support is located at 9.7079 NOK. You could remain on the sidelines waiting for a more pronounced price movement on this instrument. A new analysis could then be carried out to provide clearer signals.
Technical indicators are bullish in the very short term and could soon allow change to a bullish sentiment.
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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 rating is 9.7199 NOK. The price registered an increase of +0.46% on the session and was traded between 9.6458 NOK and 9.7448 NOK over the period. The price is currently at +0.77% from its lowest and -0.26% from its highest.9.6458
9.7448
9.7199
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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 USD/NOK in 1H shows an overall slightly bearish trend. Only 60.71% of the signals given by moving averages are bearish. This slightly bearish trend could turn neutral or reverse given the slightly bullish signals currently being given by short-term moving averages. The Central Indicators scanner detects bullish and bearish signals on moving averages that could impact this trend:
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
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
The presence of these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:
Bearish harami
Type : Bearish
Timeframe : 1 hour
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 9.5743 | 9.6267 | 9.7079 | 9.7199 | 9.7553 | 9.8462 | 9.9135 |
| Change (%) | -1.50% | -0.96% | -0.12% | - | +0.36% | +1.30% | +1.99% |
| Change | -0.1456 | -0.0932 | -0.0120 | - | +0.0354 | +0.1263 | +0.1936 |
| Level | Intermediate | Major | Minor | - | Intermediate | Minor | Intermediate |
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 | 9.4640 | 9.5456 | 9.6103 | 9.6919 | 9.7566 | 9.8382 | 9.9029 |
| Camarilla | 9.6348 | 9.6482 | 9.6616 | 9.6750 | 9.6884 | 9.7018 | 9.7152 |
| Woodie | 9.4556 | 9.5414 | 9.6019 | 9.6877 | 9.7482 | 9.8340 | 9.8945 |
| Fibonacci | 9.5456 | 9.6015 | 9.6360 | 9.6919 | 9.7478 | 9.7823 | 9.8382 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.0696 | 9.2678 | 9.5172 | 9.7154 | 9.9648 | 10.1630 | 10.4124 |
| Camarilla | 9.6434 | 9.6844 | 9.7255 | 9.7665 | 9.8075 | 9.8486 | 9.8896 |
| Woodie | 9.0951 | 9.2806 | 9.5427 | 9.7282 | 9.9903 | 10.1758 | 10.4379 |
| Fibonacci | 9.2678 | 9.4388 | 9.5445 | 9.7154 | 9.8864 | 9.9921 | 10.1630 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.0610 | 8.3533 | 8.8683 | 9.1606 | 9.6756 | 9.9679 | 10.4829 |
| Camarilla | 9.1612 | 9.2352 | 9.3092 | 9.3832 | 9.4572 | 9.5312 | 9.6052 |
| Woodie | 8.1723 | 8.4090 | 8.9796 | 9.2163 | 9.7869 | 10.0236 | 10.5942 |
| Fibonacci | 8.3533 | 8.6617 | 8.8522 | 9.1606 | 9.4690 | 9.6595 | 9.9679 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 57.76 | |
| MACD (12,26,9): | -0.0025 | |
| Directional Movement: | 9.1137 | |
| AROON (14): | 50.0000 | |
| DEMA (21): | 9.6856 | |
| Parabolic SAR (0,02-0,02-0,2): | 9.6477 | |
| Elder Ray (13): | 0.0399 | |
| Super Trend (3,10): | 9.7426 | |
| Zig ZAG (10): | 9.7250 | |
| VORTEX (21): | 1.1330 | |
| Stochastique (14,3,5): | 80.06 | |
| TEMA (21): | 9.7016 | |
| Williams %R (14): | -19.90 | |
| Chande Momentum Oscillator (20): | 0.0411 | |
| Repulse (5,40,3): | 0.2666 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0201 | |
| Courbe Coppock: | 0.53 |
| MA7: | 9.7556 | |
| MA20: | 9.4680 | |
| MA50: | 9.0586 | |
| MA100: | 8.9623 | |
| MAexp7: | 9.7029 | |
| MAexp20: | 9.6951 | |
| MAexp50: | 9.7191 | |
| MAexp100: | 9.7287 | |
| Price / MA7: | -0.37% | |
| Price / MA20: | +2.66% | |
| Price / MA50: | +7.30% | |
| Price / MA100: | +8.45% | |
| Price / MAexp7: | +0.18% | |
| Price / MAexp20: | +0.26% | |
| Price / MAexp50: | +0.01% | |
| Price / MAexp100: | -0.09% |
Quotes :
-
Real time data
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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:
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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