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 03/18/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bearish

Technical indicators

44%

17%

39%

My opinion

Bearish under 0.7400 HKD

My targets

0.7356 HKD (-0.0030)

0.7313 HKD (-0.0073)

My analysis

Has the basic bearish 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 bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 0.7400 HKD remains possible. It is advisable to trade NOK/HKD with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 0.7400 HKD. The next bearish objective for sellers is set at 0.7356 HKD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.7313 HKD. In case of crossing, the next objective would be the support located at 0.7211 HKD. PS: if there is a bullish break in the resistance located at 0.7400 HKD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.

In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.

Force

1.6

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 0.7386 HKD. The price registered a decrease of -0.03% on the session with the lowest point at 0.7355 HKD and the highest point at 0.7423 HKD. The deviation from the price is +0.42% for the low point and -0.50% for the high point.

0.7355

0.7423

0.7386

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

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

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

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 bearish. 71.43% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : 1 hour

Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

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

RSI indicator is back over 50

Type : Bullish

Timeframe : 1 hour

Momentum indicator is back under 0

Type : Bearish

Timeframe : 1 hour

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Near resistance of channel

Type : Bearish

Timeframe : 1 hour

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.7313	0.7356	0.7381	0.7386	0.7400	0.7450	0.7510
Change (%)	-0.99%	-0.41%	-0.07%	-	+0.19%	+0.87%	+1.68%
Change	-0.0073	-0.0030	-0.0005	-	+0.0014	+0.0064	+0.0124
Level	Major	Intermediate	Minor	-	Intermediate	Major	Intermediate

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.7319	0.7337	0.7363	0.7381	0.7407	0.7425	0.7451
Camarilla	0.7376	0.7380	0.7384	0.7388	0.7392	0.7396	0.7400
Woodie	0.7322	0.7339	0.7366	0.7383	0.7410	0.7427	0.7454
Fibonacci	0.7337	0.7354	0.7365	0.7381	0.7398	0.7409	0.7425

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.7171	0.7263	0.7326	0.7418	0.7481	0.7573	0.7636
Camarilla	0.7345	0.7360	0.7374	0.7388	0.7402	0.7416	0.7431
Woodie	0.7156	0.7256	0.7311	0.7411	0.7466	0.7566	0.7621
Fibonacci	0.7263	0.7323	0.7359	0.7418	0.7478	0.7514	0.7573

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.7035	0.7165	0.7267	0.7397	0.7499	0.7629	0.7731
Camarilla	0.7305	0.7327	0.7348	0.7369	0.7390	0.7412	0.7433
Woodie	0.7021	0.7158	0.7253	0.7390	0.7485	0.7622	0.7717
Fibonacci	0.7165	0.7254	0.7308	0.7397	0.7486	0.7540	0.7629

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):	53.98
MACD (12,26,9):	-0.0004
Directional Movement:	12.6161
AROON (14):	-14.2857
DEMA (21):	0.7370
Parabolic SAR (0,02-0,02-0,2):	0.7412
Elder Ray (13):	0.0008
Super Trend (3,10):	0.7401
Zig ZAG (10):	0.7388
VORTEX (21):	0.9178
Stochastique (14,3,5):	38.73
TEMA (21):	0.7377
Williams %R (14):	-51.47
Chande Momentum Oscillator (20):	0.0000
Repulse (5,40,3):	0.2029
ROCnROLL:	-1
TRIX (15,9):	-0.0140
Courbe Coppock:	0.10

MA7:	0.7440
MA20:	0.7436
MA50:	0.7447
MA100:	0.7369
MAexp7:	0.7378
MAexp20:	0.7377
MAexp50:	0.7394
MAexp100:	0.7416
Price / MA7:	-0.73%
Price / MA20:	-0.67%
Price / MA50:	-0.82%
Price / MA100:	+0.23%
Price / MAexp7:	+0.11%
Price / MAexp20:	+0.12%
Price / MAexp50:	-0.11%
Price / MAexp100:	-0.40%

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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