USD/NOK

- NOK (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Forex
Ticker:	USDNOK
ISIN:

USD/NOK - Daily - Technical analysis published on 08/02/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

61%

11%

28%

My opinion

Bearish under 10.2657 NOK

My targets

9.9459 NOK (-0.2408)

9.7187 NOK (-0.4680)

My analysis

USD/NOK is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 10.2657 NOK. The next support located at 9.9459 NOK is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 9.7187 NOK. Below this support, sellers could then target 8.9467 NOK. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.

In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.

Force

4.5

Comment on the analysis

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:

Additional analysis

Quotes

The USD/NOK rating is 10.1867 NOK. On the day, this instrument gained +0.18% and was between 10.1681 NOK and 10.1884 NOK. This implies that the price is at +0.18% from its lowest and at -0.02% from its highest.

10.1681

10.1884

10.1867

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:

The study of the highest / lowest by the Central Records scanner shows the following results:

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in Daily of this USD/NOK chart shows a sharp bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:

Moving Average bearish crossovers : MA50 & MA100

Type : Bearish

Timeframe : Daily

The probability of a further increase are moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Aroon indicator bullish trend

Type : Bullish

Timeframe : Daily

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	8.9467	9.7187	9.9459	10.1867	10.2657	10.5002	10.8853
Change (%)	-12.17%	-4.59%	-2.36%	-	+0.78%	+3.08%	+6.86%
Change	-1.2400	-0.4680	-0.2408	-	+0.0790	+0.3135	+0.6986
Level	Major	Major	Intermediate	-	Major	Minor	Major

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	9.9653	10.0391	10.1037	10.1775	10.2421	10.3159	10.3805
Camarilla	10.1301	10.1428	10.1555	10.1682	10.1809	10.1936	10.2063
Woodie	9.9606	10.0368	10.0990	10.1752	10.2374	10.3136	10.3758
Fibonacci	10.0391	10.0920	10.1247	10.1775	10.2304	10.2631	10.3159

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	9.7919	9.8878	10.0448	10.1407	10.2977	10.3936	10.5506
Camarilla	10.1324	10.1555	10.1787	10.2019	10.2251	10.2483	10.2715
Woodie	9.8226	9.9031	10.0755	10.1560	10.3284	10.4089	10.5813
Fibonacci	9.8878	9.9844	10.0441	10.1407	10.2373	10.2970	10.3936

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	8.8414	9.3828	9.7569	10.2983	10.6724	11.2138	11.5879
Camarilla	9.8791	9.9631	10.0470	10.1309	10.2148	10.2987	10.3827
Woodie	8.7577	9.3410	9.6732	10.2565	10.5887	11.1720	11.5042
Fibonacci	9.3828	9.7326	9.9486	10.2983	10.6481	10.8641	11.2138

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):	41.88
MACD (12,26,9):	-0.1177
Directional Movement:	-12.5861
AROON (14):	57.1428
DEMA (21):	10.0597
Parabolic SAR (0,02-0,02-0,2):	9.9435
Elder Ray (13):	0.0056
Super Trend (3,10):	10.4716
Zig ZAG (10):	10.1768
VORTEX (21):	0.8520
Stochastique (14,3,5):	66.61
TEMA (21):	10.0501
Williams %R (14):	-23.51
Chande Momentum Oscillator (20):	0.1086
Repulse (5,40,3):	0.1333
ROCnROLL:	-1
TRIX (15,9):	-0.2165
Courbe Coppock:	2.36

MA7:	10.1506
MA20:	10.1873
MA50:	10.5750
MA100:	10.5804
MAexp7:	10.1529
MAexp20:	10.2310
MAexp50:	10.4218
MAexp100:	10.4753
Price / MA7:	+0.36%
Price / MA20:	-0.01%
Price / MA50:	-3.67%
Price / MA100:	-3.72%
Price / MAexp7:	+0.33%
Price / MAexp20:	-0.44%
Price / MAexp50:	-2.26%
Price / MAexp100:	-2.76%

Quotes : - Real time data - 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 Intel

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

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Londinia AI

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