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NOK/HKD
NOK HKD
- HKD (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: NOKHKD
ISIN:

NOK/HKD - 1H - Technical analysis published on 06/22/2023 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 0.7397 HKD
My targets
0.7441 HKD (+0.0012)
0.7469 HKD (+0.0040)
My analysis
NOK/HKD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 0.7397 HKD. The next resistance located at 0.7441 HKD is the next bullish target to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 0.7469 HKD. After this resistance, buyers could then target 0.7639 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
0
10
7.1

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.

Londinia
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

NOK/HKD rating 0.7429 HKD. On the day, this instrument gained +1.03% with the lowest point at 0.7337 HKD and the highest point at 0.7466 HKD. The deviation from the price is +1.25% for the low point and -0.50% for the high point.

0.7337
0.7466
0.7429

So that you have an overall view of the price change, here is a table showing the variations over several periods:
The study of the highest / lowest by the Central Records scanner shows the following result:

Central Records

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of NOK/HKD in 1H shows an overall bullish trend. 75.00% of the signals given by moving averages are bullish. This 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:

Central Indicators

Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : 1 hour



In fact, 15 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour


CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour


MACD crosses UP its Moving Average

Type : Bullish

Timeframe : 1 hour



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:

Central Patterns

Horizontal resistance is broken

Type : Bullish

Timeframe : 1 hour


Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour



The presence of these bullish Japanese candlestick patterns detected by Central Candlesticks that could cause a very short term rebound were also noted:

Central Candlesticks

White line without lower shadow

Type : Bullish

Timeframe : 1 hour


Long white line

Type : Bullish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.7340 0.7365 0.7397 0.7429 0.7441 0.7469 0.7639
Change (%) -1.20% -0.86% -0.43% - +0.16% +0.54% +2.83%
Change -0.0089 -0.0064 -0.0032 - +0.0012 +0.0040 +0.0210
Level Minor Major Minor - Minor Major Intermediate



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.71750.72160.72840.73250.73930.74340.7502
Camarilla0.73230.73330.73430.73530.73630.73730.7383
Woodie0.71900.72230.72990.73320.74080.74410.7517
Fibonacci0.72160.72570.72830.73250.73660.73920.7434


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.70260.71290.72640.73670.75020.76050.7740
Camarilla0.73330.73540.73760.73980.74200.74420.7464
Woodie0.70410.71370.72790.73750.75170.76130.7755
Fibonacci0.71290.72200.72760.73670.74580.75140.7605


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.62620.65970.68370.71720.74120.77470.7987
Camarilla0.69190.69720.70240.70770.71300.71820.7235
Woodie0.62150.65730.67900.71480.73650.77230.7940
Fibonacci0.65970.68170.69520.71720.73920.75270.7747

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): 75.01
MACD (12,26,9): 0.0017
Directional Movement: 36.2165
AROON (14): 78.5714
DEMA (21): 0.7366
Parabolic SAR (0,02-0,02-0,2): 0.7336
Elder Ray (13): 0.0055
Super Trend (3,10): 0.7328
Zig ZAG (10): 0.7422
VORTEX (21): 1.1629
Stochastique (14,3,5): 53.66
TEMA (21): 0.7378
Williams %R (14): -29.20
Chande Momentum Oscillator (20): 0.0096
Repulse (5,40,3): 0.9046
ROCnROLL: 1
TRIX (15,9): 0.0276
Courbe Coppock: 0.89
MA7: 0.7371
MA20: 0.7216
MA50: 0.7292
MA100: 0.7414
MAexp7: 0.7368
MAexp20: 0.7346
MAexp50: 0.7332
MAexp100: 0.7332
Price / MA7: +0.79%
Price / MA20: +2.95%
Price / MA50: +1.88%
Price / MA100: +0.20%
Price / MAexp7: +0.83%
Price / MAexp20: +1.13%
Price / MAexp50: +1.32%
Price / MAexp100: +1.32%

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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