USD/NOK - 1H - Technical analysis published on 06/22/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
11%
83%
6%
My opinion
Bearish under 10.5315 NOK
My targets
10.5031 NOK (-0.0131)
10.4677 NOK (-0.0485)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on USD/NOK as long as the price remains well below 10.5315 NOK. The sellers' bearish objective is set at 10.5031 NOK. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 10.4677 NOK. In case of crossing, the next objective would be the support located at 10.2676 NOK.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
7
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This analysis was given by Hindawi. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The USD/NOK rating is 10.5162 NOK. The price is lower by -1.22% since the last closing with the lowest point at 10.4838 NOK and the highest point at 10.6695 NOK. The deviation from the price is +0.31% for the low point and -1.44% for the high point.10.4838
10.6695
10.5162
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend 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 LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this USD/NOK chart shows a bearish trend. 78.57% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
Technical indicators are strongly bearish, suggesting that the price decline is expected to continue.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : 1 hour
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 2
Type : Neutral
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 10.2676 | 10.4677 | 10.5031 | 10.5162 | 10.5315 | 10.5686 | 10.6284 |
| Change (%) | -2.36% | -0.46% | -0.12% | - | +0.15% | +0.50% | +1.07% |
| Change | -0.2486 | -0.0485 | -0.0131 | - | +0.0153 | +0.0524 | +0.1122 |
| Level | Intermediate | Intermediate | Intermediate | - | Minor | Minor | 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 | 10.4235 | 10.5254 | 10.5857 | 10.6876 | 10.7479 | 10.8498 | 10.9101 |
| Camarilla | 10.6013 | 10.6162 | 10.6310 | 10.6459 | 10.6608 | 10.6756 | 10.6905 |
| Woodie | 10.4026 | 10.5150 | 10.5648 | 10.6772 | 10.7270 | 10.8394 | 10.8892 |
| Fibonacci | 10.5254 | 10.5874 | 10.6257 | 10.6876 | 10.7496 | 10.7879 | 10.8498 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.0522 | 10.2599 | 10.4155 | 10.6232 | 10.7788 | 10.9865 | 11.1421 |
| Camarilla | 10.4711 | 10.5044 | 10.5377 | 10.5710 | 10.6043 | 10.6376 | 10.6709 |
| Woodie | 10.0261 | 10.2469 | 10.3894 | 10.6102 | 10.7527 | 10.9735 | 11.1160 |
| Fibonacci | 10.2599 | 10.3987 | 10.4845 | 10.6232 | 10.7620 | 10.8478 | 10.9865 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.6983 | 10.0652 | 10.5658 | 10.9327 | 11.4333 | 11.8002 | 12.3008 |
| Camarilla | 10.8279 | 10.9075 | 10.9870 | 11.0665 | 11.1460 | 11.2255 | 11.3051 |
| Woodie | 9.7653 | 10.0986 | 10.6328 | 10.9661 | 11.5003 | 11.8336 | 12.3678 |
| Fibonacci | 10.0652 | 10.3966 | 10.6013 | 10.9327 | 11.2641 | 11.4688 | 11.8002 |
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): | 25.36 | |
| MACD (12,26,9): | -0.0311 | |
| Directional Movement: | -33.1827 | |
| AROON (14): | -85.7142 | |
| DEMA (21): | 10.6068 | |
| Parabolic SAR (0,02-0,02-0,2): | 10.6695 | |
| Elder Ray (13): | -0.0873 | |
| Super Trend (3,10): | 10.6525 | |
| Zig ZAG (10): | 10.5295 | |
| VORTEX (21): | 0.6872 | |
| Stochastique (14,3,5): | 33.55 | |
| TEMA (21): | 10.5839 | |
| Williams %R (14): | -76.21 | |
| Chande Momentum Oscillator (20): | -0.1372 | |
| Repulse (5,40,3): | -0.7735 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0296 | |
| Courbe Coppock: | 1.12 |
| MA7: | 10.6140 | |
| MA20: | 10.8571 | |
| MA50: | 10.7521 | |
| MA100: | 10.5846 | |
| MAexp7: | 10.6005 | |
| MAexp20: | 10.6438 | |
| MAexp50: | 10.6693 | |
| MAexp100: | 10.6700 | |
| Price / MA7: | -0.92% | |
| Price / MA20: | -3.14% | |
| Price / MA50: | -2.19% | |
| Price / MA100: | -0.65% | |
| Price / MAexp7: | -0.79% | |
| Price / MAexp20: | -1.20% | |
| Price / MAexp50: | -1.43% | |
| Price / MAexp100: | -1.44% |
Quotes :
-
Real time data
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Forex
News
The last news published on USD/NOK at the time of the generation of this analysis 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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