Londinia Opportunities Analyses - 09/26/2022 (GMT) CAD/NOK - 1H
- FX/Indices
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 7.8757 NOK
My targets
7.9386 NOK (+0.0436)
8.0471 NOK (+0.1521)
My analysis
CAD/NOK is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 7.8757 NOK. The next resistance located at 7.9386 NOK is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 8.0471 NOK. After this resistance, buyers could then target 8.1980 NOK. With the current pattern, you will need to monitor for possible bullish 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 bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
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 CAD/NOK rating is 7.8950 NOK. The price registered an increase of +1.17% on the session with the lowest point at 7.7911 NOK and the highest point at 7.9029 NOK. The deviation from the price is +1.33% for the low point and -0.10% for the high point.7.7911
7.9029
7.8950
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
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:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this CAD/NOK chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 7.7429 | 7.7733 | 7.8757 | 7.8950 | 8.1980 |
| Change (%) | -1.93% | -1.54% | -0.24% | - | +3.84% |
| Change | -0.1521 | -0.1217 | -0.0193 | - | +0.3030 |
| Level | Minor | Minor | Intermediate | - | 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 | 7.6099 | 7.6591 | 7.7316 | 7.7808 | 7.8533 | 7.9025 | 7.9750 |
| Camarilla | 7.7706 | 7.7818 | 7.7929 | 7.8041 | 7.8153 | 7.8264 | 7.8376 |
| Woodie | 7.6216 | 7.6649 | 7.7433 | 7.7866 | 7.8650 | 7.9083 | 7.9867 |
| Fibonacci | 7.6591 | 7.7056 | 7.7343 | 7.7808 | 7.8273 | 7.8560 | 7.9025 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.5197 | 7.5870 | 7.6955 | 7.7628 | 7.8713 | 7.9386 | 8.0471 |
| Camarilla | 7.7558 | 7.7719 | 7.7880 | 7.8041 | 7.8202 | 7.8363 | 7.8525 |
| Woodie | 7.5404 | 7.5973 | 7.7162 | 7.7731 | 7.8920 | 7.9489 | 8.0678 |
| Fibonacci | 7.5870 | 7.6541 | 7.6956 | 7.7628 | 7.8299 | 7.8714 | 7.9386 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.1710 | 7.2900 | 7.4333 | 7.5523 | 7.6956 | 7.8146 | 7.9579 |
| Camarilla | 7.5045 | 7.5285 | 7.5526 | 7.5766 | 7.6006 | 7.6247 | 7.6487 |
| Woodie | 7.1832 | 7.2961 | 7.4455 | 7.5584 | 7.7078 | 7.8207 | 7.9701 |
| Fibonacci | 7.2900 | 7.3902 | 7.4521 | 7.5523 | 7.6525 | 7.7144 | 7.8146 |
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): | 62.07 | |
| MACD (12,26,9): | 0.0184 | |
| Directional Movement: | 6.8855 | |
| AROON (14): | 42.8572 | |
| DEMA (21): | 7.8838 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.8362 | |
| Elder Ray (13): | 0.0133 | |
| Super Trend (3,10): | 7.7995 | |
| Zig ZAG (10): | 7.8880 | |
| VORTEX (21): | 1.0888 | |
| Stochastique (14,3,5): | 90.36 | |
| TEMA (21): | 7.8818 | |
| Williams %R (14): | -1.73 | |
| Chande Momentum Oscillator (20): | 0.0253 | |
| Repulse (5,40,3): | 0.3346 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0341 | |
| Courbe Coppock: | 0.43 |
| MA7: | 7.7475 | |
| MA20: | 7.6655 | |
| MA50: | 7.6032 | |
| MA100: | 7.6124 | |
| MAexp7: | 7.8767 | |
| MAexp20: | 7.8584 | |
| MAexp50: | 7.8200 | |
| MAexp100: | 7.7802 | |
| Price / MA7: | +1.90% | |
| Price / MA20: | +2.99% | |
| Price / MA50: | +3.84% | |
| Price / MA100: | +3.71% | |
| Price / MAexp7: | +0.23% | |
| Price / MAexp20: | +0.47% | |
| Price / MAexp50: | +0.96% | |
| Price / MAexp100: | +1.48% |
Quotes :
-
Real time data
-
Forex