Londinia Opportunities Analyses - 09/26/2022 (GMT) CHF/NOK - 1H
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
- FX/Indices
- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 10.8037 NOK
My targets
11.0309 NOK (+0.1195)
11.0882 NOK (+0.1768)
My analysis
CHF/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 10.8037 NOK. The next resistance located at 11.0309 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 11.0882 NOK. After this resistance, buyers could then target 11.9241 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.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8.4
Analysis too old. There are no more charts available.
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Additional analysis
Quotes
The CHF/NOK rating is 10.9114 NOK. On the day, this instrument gained +1.11% and was between 10.7766 NOK and 10.9375 NOK. This implies that the price is at +1.25% from its lowest and at -0.24% from its highest.10.7766
10.9375
10.9114
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of CHF/NOK indicates that the overall trend is strongly bullish. 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. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 14 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Bullish engulfing lines
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 10.6659 | 10.7432 | 10.8037 | 10.9114 | 11.0882 | 11.9241 |
| Change (%) | -2.25% | -1.54% | -0.99% | - | +1.62% | +9.28% |
| Change | -0.2455 | -0.1682 | -0.1077 | - | +0.1768 | +1.0127 |
| Level | Intermediate | Minor | Intermediate | - | 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:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.4696 | 10.5517 | 10.6719 | 10.7540 | 10.8742 | 10.9563 | 11.0765 |
| Camarilla | 10.7365 | 10.7550 | 10.7736 | 10.7921 | 10.8106 | 10.8292 | 10.8477 |
| Woodie | 10.4887 | 10.5612 | 10.6910 | 10.7635 | 10.8933 | 10.9658 | 11.0956 |
| Fibonacci | 10.5517 | 10.6290 | 10.6767 | 10.7540 | 10.8313 | 10.8790 | 10.9563 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.2831 | 10.4025 | 10.5973 | 10.7167 | 10.9115 | 11.0309 | 11.2257 |
| Camarilla | 10.7057 | 10.7345 | 10.7633 | 10.7921 | 10.8209 | 10.8497 | 10.8785 |
| Woodie | 10.3208 | 10.4214 | 10.6350 | 10.7356 | 10.9492 | 11.0498 | 11.2634 |
| Fibonacci | 10.4025 | 10.5225 | 10.5967 | 10.7167 | 10.8367 | 10.9109 | 11.0309 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.6320 | 9.8055 | 9.9856 | 10.1591 | 10.3392 | 10.5127 | 10.6928 |
| Camarilla | 10.0686 | 10.1010 | 10.1334 | 10.1658 | 10.1982 | 10.2306 | 10.2630 |
| Woodie | 9.6354 | 9.8072 | 9.9890 | 10.1608 | 10.3426 | 10.5144 | 10.6962 |
| Fibonacci | 9.8055 | 9.9405 | 10.0240 | 10.1591 | 10.2941 | 10.3776 | 10.5127 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 61.19 | |
| MACD (12,26,9): | 0.0259 | |
| Directional Movement: | 10.2122 | |
| AROON (14): | 92.8571 | |
| DEMA (21): | 10.8973 | |
| Parabolic SAR (0,02-0,02-0,2): | 10.8023 | |
| Elder Ray (13): | 0.0223 | |
| Super Trend (3,10): | 10.7731 | |
| Zig ZAG (10): | 10.9059 | |
| VORTEX (21): | 1.0906 | |
| Stochastique (14,3,5): | 89.89 | |
| TEMA (21): | 10.8937 | |
| Williams %R (14): | -6.77 | |
| Chande Momentum Oscillator (20): | 0.0723 | |
| Repulse (5,40,3): | 0.3162 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0339 | |
| Courbe Coppock: | 0.47 |
| MA7: | 10.7078 | |
| MA20: | 10.4435 | |
| MA50: | 10.2836 | |
| MA100: | 10.1781 | |
| MAexp7: | 10.8867 | |
| MAexp20: | 10.8618 | |
| MAexp50: | 10.8089 | |
| MAexp100: | 10.7501 | |
| Price / MA7: | +1.90% | |
| Price / MA20: | +4.48% | |
| Price / MA50: | +6.10% | |
| Price / MA100: | +7.20% | |
| Price / MAexp7: | +0.23% | |
| Price / MAexp20: | +0.46% | |
| Price / MAexp50: | +0.95% | |
| Price / MAexp100: | +1.50% |
Quotes :
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Real time data
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Forex