NOK/HKD

- HKD (-)

- Real time data - Forex

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Type:	Forex
Ticker:	NOKHKD
ISIN:

NOK/HKD - Daily - Technical analysis published on 11/23/2022 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Neutral

Technical indicators

44%

50%

My opinion

Bullish above 0.7648 HKD

My targets

0.7959 HKD (+0.0220)

0.8011 HKD (+0.0272)

My analysis

The current short-term bullish trend should quickly fix the basic 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 0.7959 HKD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.8011 HKD. If there is any crossing, the next objective would be the resistance located at 0.8244 HKD.

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

2.3

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 0.7739 HKD. The price is lower by -0.01% since the last closing and was traded between 0.7724 HKD and 0.7749 HKD over the period. The price is currently at +0.19% from its lowest and -0.13% from its highest.

0.7724

0.7749

0.7739

A study of price movements over other periods shows the following variations:

The Central Records scanner for higher/lower results shows an item:

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of NOK/HKD in Daily shows a neutral overall trend. The trend could quickly turn bullish due to the strong bullish signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, according to the parameters integrated into the Central Analyzer system, only 8 technical indicators out of 18 analysed are currently bullish. 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 these signals:

Near horizontal support

Type : Bullish

Timeframe : Daily

Near support of channel

Type : Bullish

Timeframe : Daily

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.7208	0.7418	0.7648	0.7739	0.8011	0.8244	0.8625
Change (%)	-6.86%	-4.15%	-1.18%	-	+3.51%	+6.53%	+11.45%
Change	-0.0531	-0.0321	-0.0091	-	+0.0272	+0.0505	+0.0886
Level	Major	Minor	Major	-	Minor	Intermediate	Intermediate

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.7510	0.7556	0.7648	0.7694	0.7786	0.7832	0.7924
Camarilla	0.7702	0.7715	0.7727	0.7740	0.7753	0.7765	0.7778
Woodie	0.7533	0.7568	0.7671	0.7706	0.7809	0.7844	0.7947
Fibonacci	0.7556	0.7609	0.7641	0.7694	0.7747	0.7779	0.7832

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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	54.58
MACD (12,26,9):	0.0053
Directional Movement:	0.5964
AROON (14):	57.1429
DEMA (21):	0.7743
Parabolic SAR (0,02-0,02-0,2):	0.7904
Elder Ray (13):	0.0033
Super Trend (3,10):	0.7395
Zig ZAG (10):	0.7740
VORTEX (21):	1.1019
Stochastique (14,3,5):	55.66
TEMA (21):	0.7788
Williams %R (14):	-38.39
Chande Momentum Oscillator (20):	0.0059
Repulse (5,40,3):	0.3876
ROCnROLL:	1
TRIX (15,9):	0.1213
Courbe Coppock:	4.38

MA7:	0.7736
MA20:	0.7675
MA50:	0.7534
MA100:	0.7743
MAexp7:	0.7721
MAexp20:	0.7674
MAexp50:	0.7648
MAexp100:	0.7760
Price / MA7:	+0.04%
Price / MA20:	+0.83%
Price / MA50:	+2.72%
Price / MA100:	-0.05%
Price / MAexp7:	+0.23%
Price / MAexp20:	+0.85%
Price / MAexp50:	+1.19%
Price / MAexp100:	-0.27%

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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