NOK/HKD - 1H - Technical analysis published on 02/21/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
22%
22%
56%
My opinion
Bullish above 0.7444 HKD
My targets
0.7499 HKD (+0.0042)
0.7564 HKD (+0.0107)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 0.7444 HKD remains possible. It is advisable to trade NOK/HKD with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 0.7444 HKD. The next bullish objective for buyers is set at 0.7499 HKD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.7564 HKD. If there is any crossing, the next objective would be the resistance located at 0.7601 HKD. PS: if there is a bearish break in the support located at 0.7444 HKD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
2.7
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 0.7457 HKD. The price registered a decrease of -0.01% on the session and was between 0.7429 HKD and 0.7471 HKD. This implies that the price is at +0.38% from its lowest and at -0.19% from its highest.0.7429
0.7471
0.7457
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
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 LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of NOK/HKD indicates that the overall trend is bullish. 64.29% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. An assessment of moving averages reveals a bearish signal that could impact this trend:
Moving Average bearish crossovers : MA20 & MA50
Type : Bearish
Timeframe : 1 hour
In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 10 are neutral and 4 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.7354 | 0.7388 | 0.7444 | 0.7457 | 0.7464 | 0.7499 | 0.7601 |
| Change (%) | -1.38% | -0.93% | -0.17% | - | +0.09% | +0.56% | +1.93% |
| Change | -0.0103 | -0.0069 | -0.0013 | - | +0.0007 | +0.0042 | +0.0144 |
| Level | Minor | Major | Intermediate | - | Intermediate | 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 | 0.7389 | 0.7417 | 0.7437 | 0.7465 | 0.7485 | 0.7513 | 0.7533 |
| Camarilla | 0.7445 | 0.7449 | 0.7454 | 0.7458 | 0.7462 | 0.7467 | 0.7471 |
| Woodie | 0.7386 | 0.7415 | 0.7434 | 0.7463 | 0.7482 | 0.7511 | 0.7530 |
| Fibonacci | 0.7417 | 0.7435 | 0.7446 | 0.7465 | 0.7483 | 0.7494 | 0.7513 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.7188 | 0.7250 | 0.7345 | 0.7407 | 0.7502 | 0.7564 | 0.7659 |
| Camarilla | 0.7398 | 0.7412 | 0.7427 | 0.7441 | 0.7455 | 0.7470 | 0.7484 |
| Woodie | 0.7206 | 0.7258 | 0.7363 | 0.7415 | 0.7520 | 0.7572 | 0.7677 |
| Fibonacci | 0.7250 | 0.7310 | 0.7347 | 0.7407 | 0.7467 | 0.7504 | 0.7564 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.7025 | 0.7216 | 0.7324 | 0.7515 | 0.7623 | 0.7814 | 0.7922 |
| Camarilla | 0.7351 | 0.7378 | 0.7406 | 0.7433 | 0.7460 | 0.7488 | 0.7515 |
| Woodie | 0.6985 | 0.7195 | 0.7284 | 0.7494 | 0.7583 | 0.7793 | 0.7882 |
| Fibonacci | 0.7216 | 0.7330 | 0.7400 | 0.7515 | 0.7629 | 0.7699 | 0.7814 |
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): | 47.76 | |
| MACD (12,26,9): | -0.0001 | |
| Directional Movement: | -1.7574 | |
| AROON (14): | 35.7143 | |
| DEMA (21): | 0.7456 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.7470 | |
| Elder Ray (13): | 0 | |
| Super Trend (3,10): | 0.7471 | |
| Zig ZAG (10): | 0.7454 | |
| VORTEX (21): | 0.9614 | |
| Stochastique (14,3,5): | 54.76 | |
| TEMA (21): | 0.7454 | |
| Williams %R (14): | -38.10 | |
| Chande Momentum Oscillator (20): | -0.0005 | |
| Repulse (5,40,3): | -0.0219 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0012 | |
| Courbe Coppock: | 0.12 |
| MA7: | 0.7421 | |
| MA20: | 0.7427 | |
| MA50: | 0.7485 | |
| MA100: | 0.7313 | |
| MAexp7: | 0.7455 | |
| MAexp20: | 0.7456 | |
| MAexp50: | 0.7454 | |
| MAexp100: | 0.7443 | |
| Price / MA7: | +0.49% | |
| Price / MA20: | +0.40% | |
| Price / MA50: | -0.37% | |
| Price / MA100: | +1.97% | |
| Price / MAexp7: | +0.03% | |
| Price / MAexp20: | +0.01% | |
| Price / MAexp50: | +0.04% | |
| Price / MAexp100: | +0.19% |
Quotes :
-
Real time data
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Forex
This member declared not having a position on this financial instrument or a related financial instrument.
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