NOK/HKD - 1H - Technical analysis published on 11/22/2022 (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:
Strongly bullish
Underlying:
Slightly bearish
Technical indicators
94%
0%
6%
My opinion
Bullish above 0.7648 HKD
My targets
0.7727 HKD (+0.0049)
0.7791 HKD (+0.0113)
My analysis
The current short-term bullish trend is expected to quickly reset the neutral or bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for NOK/HKD as long as the price remains well above 0.7648 HKD. The buyers' bullish objective is set at 0.7727 HKD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.7791 HKD. If there is any crossing, the next objective would be the resistance located at 0.7938 HKD. As the basic trend is not clearly displayed, attention should be paid to the price reaction to the resistance at 0.7727 HKD. On this resistance, against the trend traders who would like to go short on NOK/HKD with a bearish signal from their trading strategy, should not hesitate to act.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
3.4
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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 0.7678 HKD. On the day, this instrument gained +0.93% with the lowest point at 0.7602 HKD and the highest point at 0.7686 HKD. The deviation from the price is +1.00% for the low point and -0.10% for the high point.0.7602
0.7686
0.7678
Here is a more detailed summary of the historical variations registered by NOK/HKD:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this NOK/HKD chart shows a slightly bearish trend. 57.14% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages could quickly lead to a reversal of the trend. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 17 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
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
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.7574 | 0.7614 | 0.7648 | 0.7678 | 0.7681 | 0.7727 | 0.7791 |
| Change (%) | -1.35% | -0.83% | -0.39% | - | +0.04% | +0.64% | +1.47% |
| Change | -0.0104 | -0.0064 | -0.0030 | - | +0.0003 | +0.0049 | +0.0113 |
| Level | Intermediate | Intermediate | Intermediate | - | Minor | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.7389 | 0.7481 | 0.7544 | 0.7636 | 0.7699 | 0.7791 | 0.7854 |
| Camarilla | 0.7564 | 0.7579 | 0.7593 | 0.7607 | 0.7621 | 0.7635 | 0.7650 |
| Woodie | 0.7375 | 0.7474 | 0.7530 | 0.7629 | 0.7685 | 0.7784 | 0.7840 |
| Fibonacci | 0.7481 | 0.7540 | 0.7577 | 0.7636 | 0.7695 | 0.7732 | 0.7791 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.7307 | 0.7485 | 0.7582 | 0.7760 | 0.7857 | 0.8035 | 0.8132 |
| Camarilla | 0.7603 | 0.7629 | 0.7654 | 0.7679 | 0.7704 | 0.7729 | 0.7755 |
| Woodie | 0.7267 | 0.7465 | 0.7542 | 0.7740 | 0.7817 | 0.8015 | 0.8092 |
| Fibonacci | 0.7485 | 0.7590 | 0.7655 | 0.7760 | 0.7865 | 0.7930 | 0.8035 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.6798 | 0.6999 | 0.7278 | 0.7479 | 0.7758 | 0.7959 | 0.8238 |
| Camarilla | 0.7424 | 0.7468 | 0.7512 | 0.7556 | 0.7600 | 0.7644 | 0.7688 |
| Woodie | 0.6836 | 0.7019 | 0.7316 | 0.7499 | 0.7796 | 0.7979 | 0.8276 |
| Fibonacci | 0.6999 | 0.7183 | 0.7296 | 0.7479 | 0.7663 | 0.7776 | 0.7959 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 67.07 | |
| MACD (12,26,9): | 0.0008 | |
| Directional Movement: | 19.1034 | |
| AROON (14): | 85.7143 | |
| DEMA (21): | 0.7640 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.7619 | |
| Elder Ray (13): | 0.0034 | |
| Super Trend (3,10): | 0.7614 | |
| Zig ZAG (10): | 0.7673 | |
| VORTEX (21): | 1.1842 | |
| Stochastique (14,3,5): | 86.07 | |
| TEMA (21): | 0.7661 | |
| Williams %R (14): | -13.98 | |
| Chande Momentum Oscillator (20): | 0.0066 | |
| Repulse (5,40,3): | 0.2739 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0032 | |
| Courbe Coppock: | 1.32 |
| MA7: | 0.7735 | |
| MA20: | 0.7668 | |
| MA50: | 0.7533 | |
| MA100: | 0.7743 | |
| MAexp7: | 0.7652 | |
| MAexp20: | 0.7635 | |
| MAexp50: | 0.7651 | |
| MAexp100: | 0.7686 | |
| Price / MA7: | -0.74% | |
| Price / MA20: | +0.13% | |
| Price / MA50: | +1.92% | |
| Price / MA100: | -0.84% | |
| Price / MAexp7: | +0.34% | |
| Price / MAexp20: | +0.56% | |
| Price / MAexp50: | +0.35% | |
| Price / MAexp100: | -0.10% |
Quotes :
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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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