USD/NOK - 1H - Technical analysis published on 06/08/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
33%
28%
39%
My opinion
Bullish above 9.4400 NOK
My targets
9.5042 NOK (+0.0372)
9.5402 NOK (+0.0732)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 9.4400 NOK remains possible. It is advisable to trade USD/NOK with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 9.4400 NOK. The next bullish objective for buyers 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 9.5402 NOK. If there is any crossing, the next objective would be the resistance located at 9.5743 NOK. PS: if there is a bearish break in the support located at 9.4400 NOK we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
2.7
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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 9.4670 NOK. On the day, this instrument gained +0.03% and was between 9.4597 NOK and 9.5165 NOK. This implies that the price is at +0.08% from its lowest and at -0.52% from its highest.9.4597
9.5165
9.4670
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
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 bullish trend. The signals given by moving averages are 71.43% bullish. This bullish trend could slow down given the neutral 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 : Moving Average 100
Type : Bullish
Timeframe : 1 hour
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 9.3524 | 9.3707 | 9.4400 | 9.4670 | 9.4677 | 9.5042 | 9.5402 |
| Change (%) | -1.21% | -1.02% | -0.29% | - | +0.01% | +0.39% | +0.77% |
| Change | -0.1146 | -0.0963 | -0.0270 | - | +0.0007 | +0.0372 | +0.0732 |
| Level | Intermediate | Minor | Minor | - | Intermediate | Minor | Intermediate |
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 | 9.2372 | 9.3266 | 9.3955 | 9.4849 | 9.5538 | 9.6432 | 9.7121 |
| Camarilla | 9.4208 | 9.4353 | 9.4498 | 9.4643 | 9.4788 | 9.4933 | 9.5078 |
| Woodie | 9.2269 | 9.3215 | 9.3852 | 9.4798 | 9.5435 | 9.6381 | 9.7018 |
| Fibonacci | 9.3266 | 9.3871 | 9.4245 | 9.4849 | 9.5454 | 9.5828 | 9.6432 |
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 the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 48.57 | |
| MACD (12,26,9): | 0.0045 | |
| Directional Movement: | 6.8706 | |
| AROON (14): | 92.8571 | |
| DEMA (21): | 9.4843 | |
| Parabolic SAR (0,02-0,02-0,2): | 9.4554 | |
| Elder Ray (13): | -0.0095 | |
| Super Trend (3,10): | 9.5352 | |
| Zig ZAG (10): | 9.4679 | |
| VORTEX (21): | 0.9081 | |
| Stochastique (14,3,5): | 48.26 | |
| TEMA (21): | 9.4801 | |
| Williams %R (14): | -73.40 | |
| Chande Momentum Oscillator (20): | 0.0146 | |
| Repulse (5,40,3): | -0.2560 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0093 | |
| Courbe Coppock: | 0.31 |
| MA7: | 9.4315 | |
| MA20: | 9.5793 | |
| MA50: | 9.2780 | |
| MA100: | 9.0699 | |
| MAexp7: | 9.4793 | |
| MAexp20: | 9.4773 | |
| MAexp50: | 9.4633 | |
| MAexp100: | 9.4524 | |
| Price / MA7: | +0.38% | |
| Price / MA20: | -1.17% | |
| Price / MA50: | +2.04% | |
| Price / MA100: | +4.38% | |
| Price / MAexp7: | -0.13% | |
| Price / MAexp20: | -0.11% | |
| Price / MAexp50: | +0.04% | |
| Price / MAexp100: | +0.16% |
Quotes :
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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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