NOK/HKD

- HKD (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Forex
Ticker:	NOKHKD
ISIN:

NOK/HKD - 1H - Technical analysis published on 12/22/2023 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

83%

11%

My opinion

Bullish above 0.7604 HKD

My targets

0.7745 HKD (+0.0115)

0.7777 HKD (+0.0147)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on NOK/HKD as long as the price remains well above 0.7604 HKD. The buyers' bullish objective is set at 0.7745 HKD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.7777 HKD. If there is any crossing, the next objective would be the resistance located at 0.7910 HKD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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

8.6

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 NOK/HKD rating is 0.7630 HKD. On the day, this instrument gained +0.38% and was traded between 0.7588 HKD and 0.7632 HKD over the period. The price is currently at +0.55% from its lowest and -0.03% from its highest.

0.7588

0.7632

0.7630

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The study of the highest / lowest by the Central Records scanner shows the following result:

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of NOK/HKD in 1H shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Bullish trend reversal : Moving Average 50

Type : Bullish

Timeframe : 1 hour

An assessment of technical indicators shows a strong bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

MACD crosses UP its Moving Average

Type : Bullish

Timeframe : 1 hour

Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : 1 hour

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.7351	0.7450	0.7529	0.7630	0.7633	0.7777	0.7910
Change (%)	-3.66%	-2.36%	-1.32%	-	+0.04%	+1.93%	+3.67%
Change	-0.0279	-0.0180	-0.0101	-	+0.0003	+0.0147	+0.0280
Level	Intermediate	Major	Major	-	Intermediate	Minor	Major

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.7477	0.7508	0.7554	0.7585	0.7631	0.7662	0.7708
Camarilla	0.7580	0.7587	0.7594	0.7601	0.7608	0.7615	0.7622
Woodie	0.7486	0.7512	0.7563	0.7589	0.7640	0.7666	0.7717
Fibonacci	0.7508	0.7537	0.7555	0.7585	0.7614	0.7632	0.7662

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.6806	0.6947	0.7205	0.7346	0.7604	0.7745	0.8003
Camarilla	0.7352	0.7389	0.7425	0.7462	0.7499	0.7535	0.7572
Woodie	0.6864	0.6976	0.7263	0.7375	0.7662	0.7774	0.8061
Fibonacci	0.6947	0.7100	0.7194	0.7346	0.7499	0.7593	0.7745

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.6576	0.6763	0.6994	0.7181	0.7412	0.7599	0.7830
Camarilla	0.7110	0.7148	0.7187	0.7225	0.7263	0.7302	0.7340
Woodie	0.6598	0.6774	0.7016	0.7192	0.7434	0.7610	0.7852
Fibonacci	0.6763	0.6923	0.7021	0.7181	0.7341	0.7439	0.7599

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):	65.81
MACD (12,26,9):	0.0009
Directional Movement:	9.7893
AROON (14):	100.0000
DEMA (21):	0.7607
Parabolic SAR (0,02-0,02-0,2):	0.7588
Elder Ray (13):	0.0015
Super Trend (3,10):	0.7572
Zig ZAG (10):	0.7625
VORTEX (21):	1.1731
Stochastique (14,3,5):	78.32
TEMA (21):	0.7610
Williams %R (14):	-2.04
Chande Momentum Oscillator (20):	0.0025
Repulse (5,40,3):	0.4580
ROCnROLL:	1
TRIX (15,9):	0.0169
Courbe Coppock:	0.42

MA7:	0.7537
MA20:	0.7331
MA50:	0.7191
MA100:	0.7259
MAexp7:	0.7605
MAexp20:	0.7594
MAexp50:	0.7578
MAexp100:	0.7539
Price / MA7:	+1.23%
Price / MA20:	+4.08%
Price / MA50:	+6.10%
Price / MA100:	+5.11%
Price / MAexp7:	+0.33%
Price / MAexp20:	+0.47%
Price / MAexp50:	+0.69%
Price / MAexp100:	+1.21%

Quotes : - Real time data - Forex

This member declared not having a position on this financial instrument or a related financial instrument.

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