USD/NOK - 1H - Technical analysis published on 11/09/2022 (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:
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
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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 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.
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 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:
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:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
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:
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:
Bearish engulfing lines
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
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 |
---|---|---|---|---|---|---|---|
Standard | 10.0015 | 10.0833 | 10.1571 | 10.2389 | 10.3127 | 10.3945 | 10.4683 |
Camarilla | 10.1880 | 10.2023 | 10.2165 | 10.2308 | 10.2451 | 10.2593 | 10.2736 |
Woodie | 9.9974 | 10.0813 | 10.1530 | 10.2369 | 10.3086 | 10.3925 | 10.4642 |
Fibonacci | 10.0833 | 10.1428 | 10.1795 | 10.2389 | 10.2984 | 10.3351 | 10.3945 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 9.6818 | 9.9518 | 10.0990 | 10.3690 | 10.5162 | 10.7862 | 10.9334 |
Camarilla | 10.1315 | 10.1697 | 10.2080 | 10.2462 | 10.2844 | 10.3227 | 10.3609 |
Woodie | 9.6204 | 9.9211 | 10.0376 | 10.3383 | 10.4548 | 10.7555 | 10.8720 |
Fibonacci | 9.9518 | 10.1112 | 10.2096 | 10.3690 | 10.5284 | 10.6268 | 10.7862 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 9.4029 | 9.8097 | 10.0994 | 10.5062 | 10.7959 | 11.2027 | 11.4924 |
Camarilla | 10.1975 | 10.2613 | 10.3252 | 10.3890 | 10.4529 | 10.5167 | 10.5805 |
Woodie | 9.3443 | 9.7804 | 10.0408 | 10.4769 | 10.7373 | 11.1734 | 11.4338 |
Fibonacci | 9.8097 | 10.0758 | 10.2402 | 10.5062 | 10.7723 | 10.9367 | 11.2027 |
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.
About author
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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