NOK/HKD - 1H - Technical analysis published on 10/24/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 0.7442 HKD
My targets
0.7481 HKD (+0.0018)
0.7506 HKD (+0.0043)
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 0.7442 HKD. The buyers' bullish objective is set at 0.7481 HKD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.7506 HKD. If there is any crossing, the next objective would be the resistance located at 0.7648 HKD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
7.5
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
NOK/HKD rating 0.7463 HKD. The price registered a decrease of -0.08% on the session and was traded between 0.7379 HKD and 0.7510 HKD over the period. The price is currently at +1.14% from its lowest and -0.63% from its highest.0.7379
0.7510
0.7463
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 year)
Type : Bearish
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/HKD in 1H shows a strongly overall bullish trend. 85.71% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 14 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.7307 | 0.7364 | 0.7442 | 0.7463 | 0.7481 | 0.7506 | 0.7648 |
| Change (%) | -2.09% | -1.33% | -0.28% | - | +0.24% | +0.58% | +2.48% |
| Change | -0.0156 | -0.0099 | -0.0021 | - | +0.0018 | +0.0043 | +0.0185 |
| Level | Intermediate | Minor | Intermediate | - | Minor | Intermediate | Intermediate |
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 | 0.7172 | 0.7240 | 0.7354 | 0.7422 | 0.7536 | 0.7604 | 0.7718 |
| Camarilla | 0.7419 | 0.7436 | 0.7452 | 0.7469 | 0.7486 | 0.7502 | 0.7519 |
| Woodie | 0.7196 | 0.7252 | 0.7378 | 0.7434 | 0.7560 | 0.7616 | 0.7742 |
| Fibonacci | 0.7240 | 0.7309 | 0.7352 | 0.7422 | 0.7491 | 0.7534 | 0.7604 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.7150 | 0.7228 | 0.7349 | 0.7427 | 0.7548 | 0.7626 | 0.7747 |
| Camarilla | 0.7414 | 0.7433 | 0.7451 | 0.7469 | 0.7487 | 0.7506 | 0.7524 |
| Woodie | 0.7171 | 0.7239 | 0.7370 | 0.7438 | 0.7569 | 0.7637 | 0.7768 |
| Fibonacci | 0.7228 | 0.7304 | 0.7351 | 0.7427 | 0.7503 | 0.7550 | 0.7626 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.5990 | 0.6560 | 0.6885 | 0.7455 | 0.7780 | 0.8350 | 0.8675 |
| Camarilla | 0.6965 | 0.7047 | 0.7129 | 0.7211 | 0.7293 | 0.7375 | 0.7457 |
| Woodie | 0.5869 | 0.6499 | 0.6764 | 0.7394 | 0.7659 | 0.8289 | 0.8554 |
| Fibonacci | 0.6560 | 0.6902 | 0.7113 | 0.7455 | 0.7797 | 0.8008 | 0.8350 |
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): | 57.21 | |
| MACD (12,26,9): | 0.0009 | |
| Directional Movement: | 6.8806 | |
| AROON (14): | 28.5714 | |
| DEMA (21): | 0.7455 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.7385 | |
| Elder Ray (13): | 0.0014 | |
| Super Trend (3,10): | 0.7390 | |
| Zig ZAG (10): | 0.7463 | |
| VORTEX (21): | 0.9660 | |
| Stochastique (14,3,5): | 84.51 | |
| TEMA (21): | 0.7454 | |
| Williams %R (14): | -14.14 | |
| Chande Momentum Oscillator (20): | 0.0010 | |
| Repulse (5,40,3): | 0.3956 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0178 | |
| Courbe Coppock: | 0.24 |
| MA7: | 0.7418 | |
| MA20: | 0.7373 | |
| MA50: | 0.7658 | |
| MA100: | 0.7808 | |
| MAexp7: | 0.7452 | |
| MAexp20: | 0.7442 | |
| MAexp50: | 0.7425 | |
| MAexp100: | 0.7413 | |
| Price / MA7: | +0.61% | |
| Price / MA20: | +1.22% | |
| Price / MA50: | -2.55% | |
| Price / MA100: | -4.42% | |
| Price / MAexp7: | +0.15% | |
| Price / MAexp20: | +0.28% | |
| Price / MAexp50: | +0.51% | |
| Price / MAexp100: | +0.67% |
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.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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