USD/NOK - 1H - Technical analysis published on 06/07/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 9.4581 NOK
My targets
9.5042 NOK (+0.0232)
9.5403 NOK (+0.0593)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on USD/NOK as long as the price remains well above 9.4581 NOK. The buyers' bullish objective is set at 9.5042 NOK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 9.5403 NOK. If there is any crossing, the next objective would be the resistance located at 9.5743 NOK. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.6
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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 9.4810 NOK. The price has increased by +0.53% since the last closing and was traded between 9.4161 NOK and 9.4860 NOK over the period. The price is currently at +0.69% from its lowest and -0.05% from its highest.9.4161
9.4860
9.4810
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 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 strongly bullish. 89.29% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Moving Average bullish crossovers : MA50 & MA100
Type : Bullish
Timeframe : 1 hour
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
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 9.3923 | 9.4133 | 9.4581 | 9.4810 | 9.5042 | 9.5403 | 9.5743 |
| Change (%) | -0.94% | -0.71% | -0.24% | - | +0.24% | +0.63% | +0.98% |
| Change | -0.0887 | -0.0677 | -0.0229 | - | +0.0232 | +0.0593 | +0.0933 |
| Level | Minor | Minor | Major | - | Minor | Intermediate | Major |
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 | 9.2930 | 9.3318 | 9.3815 | 9.4203 | 9.4700 | 9.5088 | 9.5585 |
| Camarilla | 9.4068 | 9.4149 | 9.4230 | 9.4311 | 9.4392 | 9.4473 | 9.4554 |
| Woodie | 9.2984 | 9.3345 | 9.3869 | 9.4230 | 9.4754 | 9.5115 | 9.5639 |
| Fibonacci | 9.3318 | 9.3656 | 9.3865 | 9.4203 | 9.4541 | 9.4750 | 9.5088 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.1453 | 9.2451 | 9.3405 | 9.4403 | 9.5357 | 9.6355 | 9.7309 |
| Camarilla | 9.3821 | 9.4000 | 9.4179 | 9.4358 | 9.4537 | 9.4716 | 9.4895 |
| Woodie | 9.1430 | 9.2440 | 9.3382 | 9.4392 | 9.5334 | 9.6344 | 9.7286 |
| Fibonacci | 9.2451 | 9.3197 | 9.3658 | 9.4403 | 9.5149 | 9.5610 | 9.6355 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.3489 | 8.7776 | 9.0728 | 9.5015 | 9.7967 | 10.2254 | 10.5206 |
| Camarilla | 9.1690 | 9.2354 | 9.3017 | 9.3681 | 9.4345 | 9.5008 | 9.5672 |
| Woodie | 8.2823 | 8.7442 | 9.0062 | 9.4681 | 9.7301 | 10.1920 | 10.4540 |
| Fibonacci | 8.7776 | 9.0541 | 9.2249 | 9.5015 | 9.7780 | 9.9488 | 10.2254 |
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): | 68.41 | |
| MACD (12,26,9): | 0.0132 | |
| Directional Movement: | 11.5643 | |
| AROON (14): | 64.2857 | |
| DEMA (21): | 9.4526 | |
| Parabolic SAR (0,02-0,02-0,2): | 9.4146 | |
| Elder Ray (13): | 0.0257 | |
| Super Trend (3,10): | 9.4063 | |
| Zig ZAG (10): | 9.4780 | |
| VORTEX (21): | 1.1612 | |
| Stochastique (14,3,5): | 89.78 | |
| TEMA (21): | 9.4642 | |
| Williams %R (14): | -5.99 | |
| Chande Momentum Oscillator (20): | 0.0499 | |
| Repulse (5,40,3): | 0.3286 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0111 | |
| Courbe Coppock: | 1.02 |
| MA7: | 9.4249 | |
| MA20: | 9.5941 | |
| MA50: | 9.2602 | |
| MA100: | 9.0632 | |
| MAexp7: | 9.4572 | |
| MAexp20: | 9.4378 | |
| MAexp50: | 9.4268 | |
| MAexp100: | 9.4295 | |
| Price / MA7: | +0.60% | |
| Price / MA20: | -1.18% | |
| Price / MA50: | +2.38% | |
| Price / MA100: | +4.61% | |
| Price / MAexp7: | +0.25% | |
| Price / MAexp20: | +0.46% | |
| Price / MAexp50: | +0.57% | |
| Price / MAexp100: | +0.55% |
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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