USD/NOK
USD NOK
- NOK (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: USDNOK
ISIN:

USD/NOK - 1H - Technical analysis published on 11/09/2022 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 10.2646 NOK
My targets
10.3824 NOK (+0.0473)
10.4432 NOK (+0.1081)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on USD/NOK. This is a positive signal for buyers. As long as the price remains above 10.2646 NOK, a purchase could be considered. The first bullish objective is located at 10.3824 NOK. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 10.4432 NOK as an objective. Crossing it would then enable buyers to target 10.5396 NOK. In the event of a return below 10.2646 NOK, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
6.4

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The USD/NOK rating is 10.3351 NOK. The price registered an increase of +1.02% on the session and was traded between 10.2126 NOK and 10.3645 NOK over the period. The price is currently at +1.20% from its lowest and -0.28% from its highest.

10.2126
10.3645
10.3351

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by USD/NOK:
The Central Records scanner for higher/lower results shows an item:

Central Records

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 bullish. 67.86% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:

Central Indicators

Bearish price crossover with adaptative moving average 100

Type : Bearish

Timeframe : 1 hour



Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Central Patterns

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 bearish signal that could support the hypothesis of a small drop in the very short term:

Central Candlesticks

Bearish engulfing lines

Type : Bearish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 9.5221 10.2074 10.2646 10.3351 10.3824 10.4432 10.5396
Change (%) -7.87% -1.24% -0.68% - +0.46% +1.05% +1.98%
Change -0.8130 -0.1277 -0.0705 - +0.0473 +0.1081 +0.2045
Level Major Intermediate Major - Intermediate Minor Minor



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard10.001510.083310.157110.238910.312710.394510.4683
Camarilla10.188010.202310.216510.230810.245110.259310.2736
Woodie9.997410.081310.153010.236910.308610.392510.4642
Fibonacci10.083310.142810.179510.238910.298410.335110.3945


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard9.68189.951810.099010.369010.516210.786210.9334
Camarilla10.131510.169710.208010.246210.284410.322710.3609
Woodie9.62049.921110.037610.338310.454810.755510.8720
Fibonacci9.951810.111210.209610.369010.528410.626810.7862


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard9.40299.809710.099410.506210.795911.202711.4924
Camarilla10.197510.261310.325210.389010.452910.516710.5805
Woodie9.34439.780410.040810.476910.737311.173411.4338
Fibonacci9.809710.075810.240210.506210.772310.936711.2027

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): 63.05
MACD (12,26,9): 0.0203
Directional Movement: 4.0089
AROON (14): 85.7142
DEMA (21): 10.2985
Parabolic SAR (0,02-0,02-0,2): 10.2514
Elder Ray (13): 0.0493
Super Trend (3,10): 10.2130
Zig ZAG (10): 10.3254
VORTEX (21): 1.1241
Stochastique (14,3,5): 86.05
TEMA (21): 10.3214
Williams %R (14): -21.66
Chande Momentum Oscillator (20): 0.0893
Repulse (5,40,3): 0.5085
ROCnROLL: 1
TRIX (15,9): 0.0135
Courbe Coppock: 1.34
MA7: 10.3488
MA20: 10.4373
MA50: 10.4037
MA100: 10.1290
MAexp7: 10.3101
MAexp20: 10.2773
MAexp50: 10.2720
MAexp100: 10.2965
Price / MA7: -0.13%
Price / MA20: -0.98%
Price / MA50: -0.66%
Price / MA100: +2.03%
Price / MAexp7: +0.24%
Price / MAexp20: +0.56%
Price / MAexp50: +0.61%
Price / MAexp100: +0.37%

Quotes : - Real time data - 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:

This member declared not having a position on this financial instrument or a related financial instrument.

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