Londinia Opportunities Analyses - 01/26/2023 (GMT) CAD/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
72%
0%
28%
My opinion
Bullish above 7.3842 NOK
My targets
7.4494 NOK (+0.0426)
7.5307 NOK (+0.1239)
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 7.3842 NOK. The next resistance located at 7.4494 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 7.5307 NOK. After this resistance, buyers could then target 7.5625 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
CAD/NOK rating 7.4068 NOK. On the day, this instrument gained +0.18% with the lowest point at 7.3653 NOK and the highest point at 7.4246 NOK. The deviation from the price is +0.56% for the low point and -0.24% for the high point.7.3653
7.4246
7.4068
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of CAD/NOK in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, according to the parameters integrated into the Central Analyzer system, 13 technical indicators out of 18 analysed are currently bullish. The Central Indicators scanner specialised in technical indicators, has not detected anything further.
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Bearish harami cross
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 7.3619 | 7.3842 | 7.4023 | 7.4068 | 7.4140 | 7.4494 | 7.5625 |
| Change (%) | -0.61% | -0.31% | -0.06% | - | +0.10% | +0.58% | +2.10% |
| Change | -0.0449 | -0.0226 | -0.0045 | - | +0.0072 | +0.0426 | +0.1557 |
| Level | Intermediate | Intermediate | Minor | - | Intermediate | Major | Minor |
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 | 7.2705 | 7.3152 | 7.3545 | 7.3992 | 7.4385 | 7.4832 | 7.5225 |
| Camarilla | 7.3707 | 7.3784 | 7.3861 | 7.3938 | 7.4015 | 7.4092 | 7.4169 |
| Woodie | 7.2678 | 7.3139 | 7.3518 | 7.3979 | 7.4358 | 7.4819 | 7.5198 |
| Fibonacci | 7.3152 | 7.3473 | 7.3671 | 7.3992 | 7.4313 | 7.4511 | 7.4832 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.2094 | 7.2581 | 7.3165 | 7.3652 | 7.4236 | 7.4723 | 7.5307 |
| Camarilla | 7.3454 | 7.3552 | 7.3650 | 7.3748 | 7.3846 | 7.3944 | 7.4043 |
| Woodie | 7.2142 | 7.2605 | 7.3213 | 7.3676 | 7.4284 | 7.4747 | 7.5355 |
| Fibonacci | 7.2581 | 7.2991 | 7.3243 | 7.3652 | 7.4062 | 7.4314 | 7.4723 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.9243 | 7.0390 | 7.1355 | 7.2502 | 7.3467 | 7.4614 | 7.5579 |
| Camarilla | 7.1740 | 7.1934 | 7.2127 | 7.2321 | 7.2515 | 7.2708 | 7.2902 |
| Woodie | 6.9153 | 7.0345 | 7.1265 | 7.2457 | 7.3377 | 7.4569 | 7.5489 |
| Fibonacci | 7.0390 | 7.1197 | 7.1695 | 7.2502 | 7.3309 | 7.3807 | 7.4614 |
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): | 57.37 | |
| MACD (12,26,9): | 0.0049 | |
| Directional Movement: | 4.1071 | |
| AROON (14): | 57.1428 | |
| DEMA (21): | 7.4032 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.3794 | |
| Elder Ray (13): | 0.0057 | |
| Super Trend (3,10): | 7.4213 | |
| Zig ZAG (10): | 7.4049 | |
| VORTEX (21): | 1.0756 | |
| Stochastique (14,3,5): | 66.16 | |
| TEMA (21): | 7.4050 | |
| Williams %R (14): | -32.72 | |
| Chande Momentum Oscillator (20): | 0.0335 | |
| Repulse (5,40,3): | 0.0010 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0051 | |
| Courbe Coppock: | 0.61 |
| MA7: | 7.3713 | |
| MA20: | 7.3898 | |
| MA50: | 7.3523 | |
| MA100: | 7.5187 | |
| MAexp7: | 7.4039 | |
| MAexp20: | 7.3975 | |
| MAexp50: | 7.3895 | |
| MAexp100: | 7.3808 | |
| Price / MA7: | +0.48% | |
| Price / MA20: | +0.23% | |
| Price / MA50: | +0.74% | |
| Price / MA100: | -1.49% | |
| Price / MAexp7: | +0.04% | |
| Price / MAexp20: | +0.13% | |
| Price / MAexp50: | +0.23% | |
| Price / MAexp100: | +0.35% |
Quotes :
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Real time data
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Forex