NOK/HKD - 1H - Technical analysis published on 12/21/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 0.7928 HKD
My targets
0.8005 HKD (+0.0056)
0.8149 HKD (+0.0200)
My analysis
The bullish trend is currently very strong on NOK/HKD. As long as the price remains above the support at 0.7928 HKD, you could try to benefit from the boom. The first bullish objective is located at 0.8005 HKD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.8149 HKD as an objective. Crossing it would then enable buyers to target 0.8244 HKD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
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
8.6
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Additional analysis
Quotes
The NOK/HKD price is 0.7949 HKD. The price has increased by +0.75% since the last closing and was traded between 0.7870 HKD and 0.7949 HKD over the period. The price is currently at +1.00% from its lowest and 0% from its highest.0.7870
0.7949
0.7949
Here is a more detailed summary of the historical variations registered by NOK/HKD:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
The Central Volumes scanner notes the presence of abnormal volumes:
Abnormal volumes
Timeframe : 20 days
Technical
A technical analysis in 1H of this NOK/HKD chart shows a strongly bullish trend. 89.29% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Moving Average bullish crossovers : AMA20 & AMA50
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.7847 | 0.7875 | 0.7928 | 0.7949 | 0.7950 | 0.8005 | 0.8244 |
| Change (%) | -1.28% | -0.93% | -0.26% | - | +0.01% | +0.70% | +3.71% |
| Change | -0.0102 | -0.0074 | -0.0021 | - | +0.0001 | +0.0056 | +0.0295 |
| Level | Intermediate | Minor | Major | - | Minor | Major | 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 | 0.7741 | 0.7778 | 0.7834 | 0.7871 | 0.7927 | 0.7964 | 0.8020 |
| Camarilla | 0.7864 | 0.7873 | 0.7882 | 0.7890 | 0.7899 | 0.7907 | 0.7916 |
| Woodie | 0.7751 | 0.7783 | 0.7844 | 0.7876 | 0.7937 | 0.7969 | 0.8030 |
| Fibonacci | 0.7778 | 0.7814 | 0.7836 | 0.7871 | 0.7907 | 0.7929 | 0.7964 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.7459 | 0.7601 | 0.7733 | 0.7875 | 0.8007 | 0.8149 | 0.8281 |
| Camarilla | 0.7790 | 0.7815 | 0.7840 | 0.7865 | 0.7890 | 0.7915 | 0.7940 |
| Woodie | 0.7454 | 0.7599 | 0.7728 | 0.7873 | 0.8002 | 0.8147 | 0.8276 |
| Fibonacci | 0.7601 | 0.7706 | 0.7770 | 0.7875 | 0.7980 | 0.8044 | 0.8149 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.6996 | 0.7188 | 0.7564 | 0.7756 | 0.8132 | 0.8324 | 0.8700 |
| Camarilla | 0.7785 | 0.7837 | 0.7889 | 0.7941 | 0.7993 | 0.8045 | 0.8097 |
| Woodie | 0.7089 | 0.7234 | 0.7657 | 0.7802 | 0.8225 | 0.8370 | 0.8793 |
| Fibonacci | 0.7188 | 0.7405 | 0.7539 | 0.7756 | 0.7973 | 0.8107 | 0.8324 |
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): | 70.29 | |
| MACD (12,26,9): | 0.0013 | |
| Directional Movement: | 18.2815 | |
| AROON (14): | 35.7143 | |
| DEMA (21): | 0.7910 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.7877 | |
| Elder Ray (13): | 0.0031 | |
| Super Trend (3,10): | 0.7875 | |
| Zig ZAG (10): | 0.7941 | |
| VORTEX (21): | 1.1534 | |
| Stochastique (14,3,5): | 84.70 | |
| TEMA (21): | 0.7920 | |
| Williams %R (14): | -4.11 | |
| Chande Momentum Oscillator (20): | 0.0056 | |
| Repulse (5,40,3): | 0.4613 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0153 | |
| Courbe Coppock: | 0.80 |
| MA7: | 0.7913 | |
| MA20: | 0.7871 | |
| MA50: | 0.7713 | |
| MA100: | 0.7741 | |
| MAexp7: | 0.7914 | |
| MAexp20: | 0.7894 | |
| MAexp50: | 0.7883 | |
| MAexp100: | 0.7882 | |
| Price / MA7: | +0.45% | |
| Price / MA20: | +0.99% | |
| Price / MA50: | +3.06% | |
| Price / MA100: | +2.69% | |
| Price / MAexp7: | +0.44% | |
| Price / MAexp20: | +0.70% | |
| Price / MAexp50: | +0.84% | |
| Price / MAexp100: | +0.85% |
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.
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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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