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 01/25/2024 (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

78%

11%

My opinion

Bullish above 0.7450 HKD

My targets

0.7530 HKD (+0.0030)

0.7601 HKD (+0.0101)

My analysis

The bullish trend is currently very strong on NOK/HKD. As long as the price remains above the support at 0.7450 HKD, you could try to benefit from the boom. The first bullish objective is located at 0.7530 HKD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.7601 HKD as an objective. Crossing it would then enable buyers to target 0.7618 HKD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

8.2

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 price is 0.7500 HKD. The price has increased by +0.44% since the last closing with the lowest point at 0.7459 HKD and the highest point at 0.7508 HKD. The deviation from the price is +0.55% for the low point and -0.11% for the high point.

0.7459

0.7508

0.7500

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 NOK/HKD:

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

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

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 NOK/HKD in 1H shows a strongly overall 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. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, according to the parameters integrated into the Central Analyzer system, 14 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour

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 scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour

Aroon indicator bullish trend

Type : Bullish

Timeframe : 1 hour

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.7425	0.7450	0.7497	0.7500	0.7530	0.7601	0.7618
Change (%)	-1.00%	-0.67%	-0.04%	-	+0.40%	+1.35%	+1.57%
Change	-0.0075	-0.0050	-0.0003	-	+0.0030	+0.0101	+0.0118
Level	Minor	Major	Major	-	Minor	Major	Minor

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	0.7385	0.7414	0.7440	0.7469	0.7495	0.7524	0.7550
Camarilla	0.7452	0.7457	0.7462	0.7467	0.7472	0.7477	0.7482
Woodie	0.7385	0.7413	0.7440	0.7468	0.7495	0.7523	0.7550
Fibonacci	0.7414	0.7435	0.7448	0.7469	0.7490	0.7503	0.7524

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.7155	0.7280	0.7367	0.7492	0.7579	0.7704	0.7791
Camarilla	0.7395	0.7414	0.7434	0.7453	0.7472	0.7492	0.7511
Woodie	0.7135	0.7271	0.7347	0.7483	0.7559	0.7695	0.7771
Fibonacci	0.7280	0.7361	0.7411	0.7492	0.7573	0.7623	0.7704

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.6576	0.6833	0.7254	0.7511	0.7932	0.8189	0.8610
Camarilla	0.7490	0.7552	0.7614	0.7676	0.7738	0.7800	0.7863
Woodie	0.6659	0.6874	0.7337	0.7552	0.8015	0.8230	0.8693
Fibonacci	0.6833	0.7092	0.7252	0.7511	0.7770	0.7930	0.8189

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):	71.00
MACD (12,26,9):	0.0007
Directional Movement:	19.4053
AROON (14):	78.5714
DEMA (21):	0.7482
Parabolic SAR (0,02-0,02-0,2):	0.7460
Elder Ray (13):	0.0017
Super Trend (3,10):	0.7453
Zig ZAG (10):	0.7503
VORTEX (21):	1.0940
Stochastique (14,3,5):	77.06
TEMA (21):	0.7483
Williams %R (14):	-14.29
Chande Momentum Oscillator (20):	0.0032
Repulse (5,40,3):	0.4579
ROCnROLL:	1
TRIX (15,9):	0.0090
Courbe Coppock:	0.05

MA7:	0.7453
MA20:	0.7532
MA50:	0.7413
MA100:	0.7286
MAexp7:	0.7482
MAexp20:	0.7474
MAexp50:	0.7464
MAexp100:	0.7462
Price / MA7:	+0.63%
Price / MA20:	-0.42%
Price / MA50:	+1.17%
Price / MA100:	+2.94%
Price / MAexp7:	+0.24%
Price / MAexp20:	+0.35%
Price / MAexp50:	+0.48%
Price / MAexp100:	+0.51%

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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