- NOK (-)
- Real time data - Forex
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Type: Forex
Ticker: USDNOK

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

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  • Timeframe : Daily
  • - Analysis generated on
  • Status : INVALID

Summary of the analysis

Short term: Strongly bearish
Underlying: Strongly bearish
Technical indicators
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.

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. 1H Weekly

Additional analysis


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.


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.

Central Gaps

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:

Central Records

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly


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:

Central Indicators

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:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

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

Central Indicators

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 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:

Pivot points S3 S2 S1 PP R1 R2 R3

Pivot points S3 S2 S1 PP R1 R2 R3

Pivot points S3 S2 S1 PP R1 R2 R3

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
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


The last news published on USD/NOK at the time of the generation of this analysis was as follows:

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

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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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