USD/NOK - 1H - Technical analysis published on 08/24/2022 (GMT)
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- 0
- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Slightly bearish
Technical indicators
67%
11%
22%
My opinion
Neutral between 9.6928 NOK and 9.7939 NOK
My targets
-
My analysis
The neutral short-term trend shows a weakening of the basic, slightly bearish trend on USD/NOK. It is difficult to advise a trading direction under these conditions. The first support is located at 9.6928 NOK. The first resistance is located at 9.7939 NOK. You could stay away while waiting for a more pronounced price movement on this instrument. A new analysis could then be produced that would give 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 Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The USD/NOK rating is 9.7506 NOK. The price registered an increase of +0.39% on the session and was traded between 9.7063 NOK and 9.7525 NOK over the period. The price is currently at +0.46% from its lowest and -0.02% from its highest.9.7063
9.7525
9.7506
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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 bearish. 60.71% of the signals given by moving averages are bullish. As the signals currently given by short-term moving averages are rather neutral, the overall trend could quickly return to neutral as well. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 12 technical indicators on 18 studied are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Bullish harami
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 9.6439 | 9.6928 | 9.7493 | 9.7506 | 9.7939 | 9.8949 | 10.2646 |
| Change (%) | -1.09% | -0.59% | -0.01% | - | +0.44% | +1.48% | +5.27% |
| Change | -0.1067 | -0.0578 | -0.0013 | - | +0.0433 | +0.1443 | +0.5140 |
| Level | Major | Minor | Major | - | Minor | Major | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.4260 | 9.5529 | 9.6326 | 9.7595 | 9.8392 | 9.9661 | 10.0458 |
| Camarilla | 9.6555 | 9.6744 | 9.6934 | 9.7123 | 9.7312 | 9.7502 | 9.7691 |
| Woodie | 9.4024 | 9.5411 | 9.6090 | 9.7477 | 9.8156 | 9.9543 | 10.0222 |
| Fibonacci | 9.5529 | 9.6318 | 9.6806 | 9.7595 | 9.8384 | 9.8872 | 9.9661 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.3818 | 9.4716 | 9.6431 | 9.7329 | 9.9044 | 9.9942 | 10.1657 |
| Camarilla | 9.7427 | 9.7667 | 9.7907 | 9.8146 | 9.8386 | 9.8625 | 9.8865 |
| Woodie | 9.4227 | 9.4920 | 9.6840 | 9.7533 | 9.9453 | 10.0146 | 10.2066 |
| Fibonacci | 9.4716 | 9.5714 | 9.6331 | 9.7329 | 9.8327 | 9.8944 | 9.9942 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.7202 | 9.1844 | 9.4266 | 9.8908 | 10.1330 | 10.5972 | 10.8394 |
| Camarilla | 9.4744 | 9.5392 | 9.6040 | 9.6687 | 9.7335 | 9.7982 | 9.8630 |
| Woodie | 8.6091 | 9.1289 | 9.3155 | 9.8353 | 10.0219 | 10.5417 | 10.7283 |
| Fibonacci | 9.1844 | 9.4543 | 9.6210 | 9.8908 | 10.1607 | 10.3274 | 10.5972 |
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): | 42.84 | |
| MACD (12,26,9): | -0.0164 | |
| Directional Movement: | -4.8520 | |
| AROON (14): | 85.7143 | |
| DEMA (21): | 9.7185 | |
| Parabolic SAR (0,02-0,02-0,2): | 9.6932 | |
| Elder Ray (13): | -0.0047 | |
| Super Trend (3,10): | 9.7888 | |
| Zig ZAG (10): | 9.7294 | |
| VORTEX (21): | 0.8883 | |
| Stochastique (14,3,5): | 77.31 | |
| TEMA (21): | 9.7152 | |
| Williams %R (14): | -30.12 | |
| Chande Momentum Oscillator (20): | 0.0089 | |
| Repulse (5,40,3): | 0.0113 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0325 | |
| Courbe Coppock: | 0.36 |
| MA7: | 9.7433 | |
| MA20: | 9.7037 | |
| MA50: | 9.8688 | |
| MA100: | 9.6265 | |
| MAexp7: | 9.7317 | |
| MAexp20: | 9.7419 | |
| MAexp50: | 9.7643 | |
| MAexp100: | 9.7580 | |
| Price / MA7: | +0.07% | |
| Price / MA20: | +0.48% | |
| Price / MA50: | -1.20% | |
| Price / MA100: | +1.29% | |
| Price / MAexp7: | +0.20% | |
| Price / MAexp20: | +0.09% | |
| Price / MAexp50: | -0.14% | |
| Price / MAexp100: | -0.07% |
Quotes :
-
Real time data
-
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.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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