NOK/HUF

- HUF (-)

- Real time data - Forex

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Change:	-
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High / Low range:	-

Type:	Forex
Ticker:	NOKHUF
ISIN:

NOK/HUF - 1H - Technical analysis published on 03/14/2024 (GMT)

Londinia

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

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

22%

44%

33%

My opinion

Bearish under 34.580 HUF

My targets

34.339 HUF (-0.178)

34.221 HUF (-0.296)

My analysis

NOK/HUF is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 34.580 HUF. The next support located at 34.339 HUF is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 34.221 HUF. Below this support, sellers could then target 34.106 HUF. With the current pattern, you will need to monitor for possible bearish 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 bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.

Force

6.1

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

NOK/HUF rating 34.517 HUF. The price registered an increase of +0.00% on the session with the lowest point at 34.477 HUF and the highest point at 34.571 HUF. The deviation from the price is +0.12% for the low point and -0.16% for the high point.

34.477

34.571

34.517

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 for higher/lower results shows the following items:

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of NOK/HUF in 1H shows a overall strongly bearish trend. 85.71% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

On the 18 technical indicators analysed, 4 are bullish, 6 are neutral and 8 are bearish. The Central Indicators scanner found no further results concerning independent technical indicators.

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

Near support of channel

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	34.221	34.339	34.484	34.517	34.580	34.653	34.734
Change (%)	-0.86%	-0.52%	-0.10%	-	+0.18%	+0.39%	+0.63%
Change	-0.296	-0.178	-0.033	-	+0.063	+0.136	+0.217
Level	Minor	Minor	Intermediate	-	Minor	Intermediate	Intermediate

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	34.100	34.299	34.409	34.608	34.718	34.917	35.027
Camarilla	34.433	34.461	34.490	34.518	34.546	34.575	34.603
Woodie	34.055	34.277	34.364	34.586	34.673	34.895	34.982
Fibonacci	34.299	34.417	34.490	34.608	34.726	34.799	34.917

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	33.485	33.810	34.189	34.514	34.893	35.218	35.597
Camarilla	34.373	34.438	34.503	34.567	34.632	34.696	34.761
Woodie	33.511	33.824	34.215	34.528	34.919	35.232	35.623
Fibonacci	33.810	34.079	34.245	34.514	34.783	34.949	35.218

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	32.590	33.014	33.611	34.035	34.632	35.056	35.653
Camarilla	33.927	34.021	34.114	34.208	34.302	34.395	34.489
Woodie	32.677	33.057	33.698	34.078	34.719	35.099	35.740
Fibonacci	33.014	33.404	33.645	34.035	34.425	34.666	35.056

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):	39.38
MACD (12,26,9):	-0.0340
Directional Movement:	-5.242
AROON (14):	-71.429
DEMA (21):	34.519
Parabolic SAR (0,02-0,02-0,2):	34.571
Elder Ray (13):	-0.013
Super Trend (3,10):	34.680
Zig ZAG (10):	34.521
VORTEX (21):	0.8400
Stochastique (14,3,5):	29.39
TEMA (21):	34.499
Williams %R (14):	-75.15
Chande Momentum Oscillator (20):	-0.014
Repulse (5,40,3):	-0.0760
ROCnROLL:	2
TRIX (15,9):	-0.0160
Courbe Coppock:	0.34

MA7:	34.582
MA20:	34.379
MA50:	34.016
MA100:	33.349
MAexp7:	34.532
MAexp20:	34.564
MAexp50:	34.601
MAexp100:	34.594
Price / MA7:	-0.19%
Price / MA20:	+0.40%
Price / MA50:	+1.47%
Price / MA100:	+3.50%
Price / MAexp7:	-0.04%
Price / MAexp20:	-0.14%
Price / MAexp50:	-0.24%
Price / MAexp100:	-0.22%

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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