Londinia Opportunities Analyses - 09/23/2021 (GMT) USD/NOK - 1H
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
- FX/Indices
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
11%
83%
6%
My opinion
Bearish under 8.6253 NOK
My targets
8.5683 NOK (-0.0295)
8.4595 NOK (-0.1383)
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 8.6253 NOK. The next support located at 8.5683 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 8.4595 NOK. Below this support, sellers could then target 8.1742 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, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
8.4
Analysis too old. There are no more charts available.
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.
Additional analysis
Quotes
The USD/NOK rating is 8.5978 NOK. The price registered a decrease of -0.78% on the session and was traded between 8.5814 NOK and 8.6839 NOK over the period. The price is currently at +0.19% from its lowest and -0.99% from its highest.8.5814
8.6839
8.5978
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
Here is a more detailed summary of the historical variations registered by USD/NOK:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this USD/NOK chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bearish trend reversal : Moving Average 100
Type : Bearish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, 15 technical indicators out of 18 analysed are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : 1 hour
Aroon indicator bearish trend
Type : Bearish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Three black crows
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 8.1742 | 8.4595 | 8.5683 | 8.5978 | 8.6253 | 8.6683 | 8.7011 |
| Change (%) | -4.93% | -1.61% | -0.34% | - | +0.32% | +0.82% | +1.20% |
| Change | -0.4236 | -0.1383 | -0.0295 | - | +0.0275 | +0.0705 | +0.1033 |
| Level | Minor | Major | Major | - | Minor | Major | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 8.5096 | 8.5510 | 8.6080 | 8.6494 | 8.7064 | 8.7478 | 8.8048 |
| Camarilla | 8.6379 | 8.6470 | 8.6560 | 8.6650 | 8.6740 | 8.6830 | 8.6921 |
| Woodie | 8.5174 | 8.5549 | 8.6158 | 8.6533 | 8.7142 | 8.7517 | 8.8126 |
| Fibonacci | 8.5510 | 8.5886 | 8.6118 | 8.6494 | 8.6870 | 8.7102 | 8.7478 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.4556 | 8.5083 | 8.6090 | 8.6617 | 8.7624 | 8.8151 | 8.9158 |
| Camarilla | 8.6676 | 8.6817 | 8.6957 | 8.7098 | 8.7239 | 8.7379 | 8.7520 |
| Woodie | 8.4797 | 8.5203 | 8.6331 | 8.6737 | 8.7865 | 8.8271 | 8.9399 |
| Fibonacci | 8.5083 | 8.5669 | 8.6031 | 8.6617 | 8.7203 | 8.7565 | 8.8151 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.0330 | 8.3299 | 8.5101 | 8.8070 | 8.9872 | 9.2841 | 9.4643 |
| Camarilla | 8.5590 | 8.6027 | 8.6465 | 8.6902 | 8.7339 | 8.7777 | 8.8214 |
| Woodie | 7.9746 | 8.3007 | 8.4517 | 8.7778 | 8.9288 | 9.2549 | 9.4059 |
| Fibonacci | 8.3299 | 8.5122 | 8.6248 | 8.8070 | 8.9893 | 9.1019 | 9.2841 |
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): | 31.24 | |
| MACD (12,26,9): | -0.0080 | |
| Directional Movement: | -16.0304 | |
| AROON (14): | -92.8571 | |
| DEMA (21): | 8.6291 | |
| Parabolic SAR (0,02-0,02-0,2): | 8.6884 | |
| Elder Ray (13): | -0.0343 | |
| Super Trend (3,10): | 8.6634 | |
| Zig ZAG (10): | 8.5943 | |
| VORTEX (21): | 0.9214 | |
| Stochastique (14,3,5): | 16.52 | |
| TEMA (21): | 8.6216 | |
| Williams %R (14): | -98.11 | |
| Chande Momentum Oscillator (20): | -0.0597 | |
| Repulse (5,40,3): | -0.6242 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0090 | |
| Courbe Coppock: | 0.42 |
| MA7: | 8.6515 | |
| MA20: | 8.6683 | |
| MA50: | 8.7901 | |
| MA100: | 8.6185 | |
| MAexp7: | 8.6225 | |
| MAexp20: | 8.6460 | |
| MAexp50: | 8.6586 | |
| MAexp100: | 8.6641 | |
| Price / MA7: | -0.62% | |
| Price / MA20: | -0.81% | |
| Price / MA50: | -2.19% | |
| Price / MA100: | -0.24% | |
| Price / MAexp7: | -0.29% | |
| Price / MAexp20: | -0.56% | |
| Price / MAexp50: | -0.70% | |
| Price / MAexp100: | -0.77% |
Quotes :
-
Real time data
-
Forex
News
The latest news and videos published on USD/NOK at the time of the analysis were as follows:
Sizeable correction possible on USD/NOK, Trade idea for Intel