USD/NOK

- NOK (-)

- Real time data - Forex

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Type:	Forex
Ticker:	USDNOK
ISIN:

USD/NOK - 1H - Technical analysis published on 11/26/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

50%

44%

My opinion

Bullish above 11.0724 NOK

My targets

11.1782 NOK (+0.0498)

11.2169 NOK (+0.0885)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on USD/NOK as long as the price remains well above 11.0724 NOK. The buyers' bullish objective is set at 11.1782 NOK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 11.2169 NOK. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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

6.8

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 11.1284 NOK. On the day, this instrument lost -0.01% with the lowest point at 11.0843 NOK and the highest point at 11.1823 NOK. The deviation from the price is +0.40% for the low point and -0.48% for the high point.

11.0843

11.1823

11.1284

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:

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 USD/NOK in 1H shows a strongly overall bullish trend. 85.71% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, only 9 technical indicators out of 18 studied are currently positioned bullish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : 1 hour

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Williams %R indicator is back under -50

Type : Bearish

Timeframe : 1 hour

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The presence of these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:

Bullish harami

Type : Bullish

Timeframe : 1 hour

Doji

Type : Neutral

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	11.0066	11.0724	11.1175	11.1284	11.1782	11.2169
Change (%)	-1.09%	-0.50%	-0.10%	-	+0.45%	+0.80%
Change	-0.1218	-0.0560	-0.0109	-	+0.0498	+0.0885
Level	Intermediate	Minor	Major	-	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	10.8775	10.9319	11.0307	11.0851	11.1839	11.2383	11.3371
Camarilla	11.0873	11.1013	11.1154	11.1294	11.1434	11.1575	11.1715
Woodie	10.8996	10.9430	11.0528	11.0962	11.2060	11.2494	11.3592
Fibonacci	10.9319	10.9905	11.0266	11.0851	11.1437	11.1798	11.2383

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	10.7060	10.8312	10.9508	11.0760	11.1956	11.3208	11.4404
Camarilla	11.0032	11.0256	11.0481	11.0705	11.0929	11.1154	11.1378
Woodie	10.7033	10.8298	10.9481	11.0746	11.1929	11.3194	11.4377
Fibonacci	10.8312	10.9247	10.9825	11.0760	11.1695	11.2273	11.3208

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	10.1373	10.3282	10.6627	10.8536	11.1881	11.3790	11.7135
Camarilla	10.8526	10.9008	10.9489	10.9971	11.0453	11.0934	11.1416
Woodie	10.2090	10.3641	10.7344	10.8895	11.2598	11.4149	11.7852
Fibonacci	10.3282	10.5289	10.6529	10.8536	11.0543	11.1783	11.3790

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):	55.44
MACD (12,26,9):	0.0155
Directional Movement:	8.4396
AROON (14):	14.2857
DEMA (21):	11.1313
Parabolic SAR (0,02-0,02-0,2):	11.1711
Elder Ray (13):	0.0046
Super Trend (3,10):	11.0469
Zig ZAG (10):	11.1318
VORTEX (21):	1.1623
Stochastique (14,3,5):	52.45
TEMA (21):	11.1370
Williams %R (14):	-49.86
Chande Momentum Oscillator (20):	0.0366
Repulse (5,40,3):	0.0182
ROCnROLL:	1
TRIX (15,9):	0.0222
Courbe Coppock:	0.54

MA7:	11.0617
MA20:	11.0399
MA50:	10.8510
MA100:	10.8028
MAexp7:	11.1253
MAexp20:	11.1096
MAexp50:	11.0878
MAexp100:	11.0742
Price / MA7:	+0.60%
Price / MA20:	+0.80%
Price / MA50:	+2.56%
Price / MA100:	+3.01%
Price / MAexp7:	+0.03%
Price / MAexp20:	+0.17%
Price / MAexp50:	+0.37%
Price / MAexp100:	+0.49%

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.

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