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

USD/NOK - 15 min. - Technical analysis published on 11/10/2023 (GMT)

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  • Timeframe : 15 min.
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Bearish
Technical indicators
17%
61%
22%
My opinion
Bearish under 11.1850 NOK
My targets
11.1397 NOK (-0.0332)
11.0583 NOK (-0.1146)
My analysis
In the short term, we can see an acceleration in the bearish trend on USD/NOK, which is a positive signal for sellers. As long as the price remains above 11.1850 NOK, a sale could be considered. The first bearish objective is located at 11.1397 NOK. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 11.0583 NOK as an objective. Crossing it would then enable sellers to target 11.0130 NOK. If the price were to return above 11.1850 NOK, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be risky.

Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
5.4

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.

hannahfreeman
This analysis was given by hannahfreeman. Take part yourself by sharing additional analysis on another time unit:
1H Daily Weekly

Additional analysis

Quotes

USD/NOK rating 11.1729 NOK. On the day, this instrument lost -0.43% and was between 11.1551 NOK and 11.2273 NOK. This implies that the price is at +0.16% from its lowest and at -0.48% from its highest.

11.1551
11.2273
11.1729

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by USD/NOK:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of this 15 min. chart of USD/NOK indicates that the overall trend is bearish. The signals given by moving averages are 71.43% bearish. This bearish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:

Central Indicators

Moving Average bearish crossovers : MA20 & MA50

Type : Bearish

Timeframe : 15 minutes


Moving Average bearish crossovers : AMA20 & AMA50

Type : Bearish

Timeframe : 15 minutes


Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : 15 minutes


Bearish price crossover with Moving Average 50

Type : Bearish

Timeframe : 15 minutes


Bearish price crossover with Moving Average 100

Type : Bearish

Timeframe : 15 minutes


Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : 15 minutes


Bearish price crossover with adaptative moving average 50

Type : Bearish

Timeframe : 15 minutes


Bearish price crossover with adaptative moving average 100

Type : Bearish

Timeframe : 15 minutes



In fact, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bearish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

RSI indicator is oversold : under 30

Type : Neutral

Timeframe : 15 minutes


CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 15 minutes


MACD indicator: bearish divergence

Type : Bearish

Timeframe : 15 minutes

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Parabolic SAR indicator bearish reversal

Type : Bearish

Timeframe : 15 minutes


SuperTrend indicator bearish reversal

Type : Bearish

Timeframe : 15 minutes


MACD indicator is back under 0

Type : Bearish

Timeframe : 15 minutes


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly


Price is back under the pivot point

Type : Bearish

Timeframe : 15 minutes


Williams %R indicator is back under -50

Type : Bearish

Timeframe : 15 minutes



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

Central Patterns

Near horizontal support

Type : Bullish

Timeframe : 15 minutes


Support of channel is broken

Type : Bearish

Timeframe : 15 minutes



For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:

Central Candlesticks

Long black line

Type : Bearish

Timeframe : 15 minutes


Bearish engulfing lines

Type : Bearish

Timeframe : 15 minutes




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 10.9976 11.0703 11.1098 11.1729 11.1832 11.2057 11.2468
Change (%) -1.57% -0.92% -0.56% - +0.09% +0.29% +0.66%
Change -0.1753 -0.1026 -0.0631 - +0.0103 +0.0328 +0.0739
Level Minor Minor Intermediate - Major Intermediate Intermediate



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
Standard11.013011.058311.139711.185011.266411.311711.3931
Camarilla11.186311.197911.209511.221111.232711.244311.2559
Woodie11.031111.067311.157811.194011.284511.320711.4112
Fibonacci11.058311.106711.136611.185011.233411.263311.3117


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard10.733210.877610.958711.103111.184211.328611.4097
Camarilla10.977910.998611.019211.039911.060611.081211.1019
Woodie10.701710.861810.927211.087311.152711.312811.3782
Fibonacci10.877610.963711.016911.103111.189211.242411.3286


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard10.176610.416410.796411.036211.416211.656012.0360
Camarilla11.006111.062911.119711.176511.233311.290111.3470
Woodie10.246810.451510.866611.071311.486411.691112.1062
Fibonacci10.416410.653110.799411.036211.272911.419211.6560

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): 21.38
MACD (12,26,9): -0.0030
Directional Movement: -31.3642
AROON (14): 0
DEMA (21): 11.2120
Parabolic SAR (0,02-0,02-0,2): 11.2205
Elder Ray (13): -0.0218
Super Trend (3,10): 11.2280
Zig ZAG (10): 11.1772
VORTEX (21): 0.6877
Stochastique (14,3,5): 47.37
TEMA (21): 11.2041
Williams %R (14): -65.14
Chande Momentum Oscillator (20): -0.0415
Repulse (5,40,3): -0.3230
ROCnROLL: 2
TRIX (15,9): 0.0012
Courbe Coppock: 0.13
MA7: 11.1455
MA20: 11.1146
MA50: 10.9222
MA100: 10.6686
MAexp7: 11.2069
MAexp20: 11.2112
MAexp50: 11.2055
MAexp100: 11.1959
Price / MA7: +0.25%
Price / MA20: +0.52%
Price / MA50: +2.30%
Price / MA100: +4.73%
Price / MAexp7: -0.30%
Price / MAexp20: -0.34%
Price / MAexp50: -0.29%
Price / MAexp100: -0.21%

Quotes : - Real time data - Forex

News


The latest news and videos published on USD/NOK at the time of the analysis were as follows:

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

About author

Londinia
Londinia AI

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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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