NOK/HKD - Daily - Technical analysis published on 12/27/2022 (GMT)
- 136
- 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
56%
11%
33%
My opinion
Bullish above 0.7756 HKD
My targets
0.8003 HKD (+0.0070)
0.8244 HKD (+0.0311)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on NOK/HKD. This is a positive signal for buyers. As long as the price remains above 0.7756 HKD, a purchase could be considered. The first bullish objective is located at 0.8003 HKD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.8244 HKD as an objective. Crossing it would then enable buyers to target 0.8625 HKD. In the event of a return below 0.7756 HKD, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.
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
6.1
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 price is 0.7933 HKD. The price is lower by -0.03% since the last closing and was traded between 0.7899 HKD and 0.7965 HKD over the period. The price is currently at +0.43% from its lowest and -0.40% from its highest.0.7899
0.7965
0.7933
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of this Daily chart of NOK/HKD indicates that the overall trend is bullish. The signals returned by the moving averages are 78.57% bullish. This bullish trend is reinforced by the strong 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.
An assessment of technical indicators shows a moderate bullish signal.
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 resistance
Type : Bearish
Timeframe : Daily
Near support of triangle
Type : Bullish
Timeframe : Daily
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 | 0.7208 | 0.7418 | 0.7648 | 0.7933 | 0.8003 | 0.8244 | 0.8625 |
Change (%) | -9.14% | -6.49% | -3.59% | - | +0.88% | +3.92% | +8.72% |
Change | -0.0725 | -0.0515 | -0.0285 | - | +0.0070 | +0.0311 | +0.0692 |
Level | Major | Minor | Intermediate | - | Major | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.7858 | 0.7876 | 0.7906 | 0.7924 | 0.7954 | 0.7972 | 0.8002 |
Camarilla | 0.7922 | 0.7926 | 0.7931 | 0.7935 | 0.7939 | 0.7944 | 0.7948 |
Woodie | 0.7863 | 0.7879 | 0.7911 | 0.7927 | 0.7959 | 0.7975 | 0.8007 |
Fibonacci | 0.7876 | 0.7895 | 0.7906 | 0.7924 | 0.7943 | 0.7954 | 0.7972 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.7533 | 0.7647 | 0.7768 | 0.7882 | 0.8003 | 0.8117 | 0.8238 |
Camarilla | 0.7824 | 0.7846 | 0.7868 | 0.7889 | 0.7911 | 0.7932 | 0.7954 |
Woodie | 0.7537 | 0.7649 | 0.7772 | 0.7884 | 0.8007 | 0.8119 | 0.8242 |
Fibonacci | 0.7647 | 0.7737 | 0.7792 | 0.7882 | 0.7972 | 0.8027 | 0.8117 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
RSI (14): | 55.85 | |
MACD (12,26,9): | 0.0043 | |
Directional Movement: | 1.4624 | |
AROON (14): | 35.7143 | |
DEMA (21): | 0.7934 | |
Parabolic SAR (0,02-0,02-0,2): | 0.8002 | |
Elder Ray (13): | 0.0051 | |
Super Trend (3,10): | 0.7624 | |
Zig ZAG (10): | 0.7932 | |
VORTEX (21): | 1.0560 | |
Stochastique (14,3,5): | 65.01 | |
TEMA (21): | 0.7927 | |
Williams %R (14): | -31.39 | |
Chande Momentum Oscillator (20): | 0.0141 | |
Repulse (5,40,3): | 0.1014 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.0890 | |
Courbe Coppock: | 1.80 |
MA7: | 0.7903 | |
MA20: | 0.7884 | |
MA50: | 0.7752 | |
MA100: | 0.7735 | |
MAexp7: | 0.7908 | |
MAexp20: | 0.7871 | |
MAexp50: | 0.7794 | |
MAexp100: | 0.7812 | |
Price / MA7: | +0.38% | |
Price / MA20: | +0.62% | |
Price / MA50: | +2.33% | |
Price / MA100: | +2.56% | |
Price / MAexp7: | +0.32% | |
Price / MAexp20: | +0.79% | |
Price / MAexp50: | +1.78% | |
Price / MAexp100: | +1.55% |
Quotes :
-
Real time data
-
Forex
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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…
Add a comment
Comments
0 comments on the analysis NOK/HKD - Daily