NOK/HKD - 1H - Technical analysis published on 08/03/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
28%
33%
39%
My opinion
Bearish under 0.7619 HKD
My targets
0.7565 HKD (-0.0036)
0.7497 HKD (-0.0104)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on NOK/HKD as long as the price remains well below 0.7619 HKD. The sellers' bearish objective is set at 0.7565 HKD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.7497 HKD. In case of crossing, the next objective would be the support located at 0.7468 HKD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
6.3
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
NOK/HKD rating 0.7601 HKD. The price has increased by +0.25% since the last closing and was between 0.7578 HKD and 0.7605 HKD. This implies that the price is at +0.30% from its lowest and at -0.05% from its highest.0.7578
0.7605
0.7601
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of NOK/HKD in 1H shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from 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 does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
The Central Indicators scanner specialised in technical indicators, has not detected anything further.
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
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 | 0.7295 | 0.7468 | 0.7565 | 0.7601 | 0.7619 | 0.7641 | 0.7684 |
| Change (%) | -4.03% | -1.75% | -0.47% | - | +0.24% | +0.53% | +1.09% |
| Change | -0.0306 | -0.0133 | -0.0036 | - | +0.0018 | +0.0040 | +0.0083 |
| Level | Intermediate | Minor | Intermediate | - | Minor | Intermediate | 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 | 0.7416 | 0.7491 | 0.7536 | 0.7611 | 0.7656 | 0.7731 | 0.7776 |
| Camarilla | 0.7549 | 0.7560 | 0.7571 | 0.7582 | 0.7593 | 0.7604 | 0.7615 |
| Woodie | 0.7402 | 0.7484 | 0.7522 | 0.7604 | 0.7642 | 0.7724 | 0.7762 |
| Fibonacci | 0.7491 | 0.7537 | 0.7565 | 0.7611 | 0.7657 | 0.7685 | 0.7731 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.7376 | 0.7497 | 0.7571 | 0.7692 | 0.7766 | 0.7887 | 0.7961 |
| Camarilla | 0.7590 | 0.7608 | 0.7626 | 0.7644 | 0.7662 | 0.7680 | 0.7698 |
| Woodie | 0.7352 | 0.7485 | 0.7547 | 0.7680 | 0.7742 | 0.7875 | 0.7937 |
| Fibonacci | 0.7497 | 0.7572 | 0.7618 | 0.7692 | 0.7767 | 0.7813 | 0.7887 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.6666 | 0.6942 | 0.7319 | 0.7595 | 0.7972 | 0.8248 | 0.8625 |
| Camarilla | 0.7517 | 0.7577 | 0.7637 | 0.7697 | 0.7757 | 0.7817 | 0.7877 |
| Woodie | 0.6718 | 0.6967 | 0.7371 | 0.7620 | 0.8024 | 0.8273 | 0.8677 |
| Fibonacci | 0.6942 | 0.7191 | 0.7345 | 0.7595 | 0.7844 | 0.7998 | 0.8248 |
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): | 46.21 | |
| MACD (12,26,9): | -0.0017 | |
| Directional Movement: | -2.5617 | |
| AROON (14): | -28.5714 | |
| DEMA (21): | 0.7586 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.7643 | |
| Elder Ray (13): | -0.0003 | |
| Super Trend (3,10): | 0.7644 | |
| Zig ZAG (10): | 0.7603 | |
| VORTEX (21): | 0.8914 | |
| Stochastique (14,3,5): | 21.57 | |
| TEMA (21): | 0.7579 | |
| Williams %R (14): | -66.95 | |
| Chande Momentum Oscillator (20): | -0.0035 | |
| Repulse (5,40,3): | 0.2240 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0308 | |
| Courbe Coppock: | 1.62 |
| MA7: | 0.7650 | |
| MA20: | 0.7684 | |
| MA50: | 0.7416 | |
| MA100: | 0.7413 | |
| MAexp7: | 0.7592 | |
| MAexp20: | 0.7607 | |
| MAexp50: | 0.7632 | |
| MAexp100: | 0.7655 | |
| Price / MA7: | -0.64% | |
| Price / MA20: | -1.08% | |
| Price / MA50: | +2.49% | |
| Price / MA100: | +2.54% | |
| Price / MAexp7: | +0.12% | |
| Price / MAexp20: | -0.08% | |
| Price / MAexp50: | -0.41% | |
| Price / MAexp100: | -0.71% |
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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