NOK/HKD - 1H - Technical analysis published on 08/07/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
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Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
50%
17%
33%
My opinion
Bullish above 0.7680 HKD
My targets
0.7727 HKD (+0.0031)
0.7748 HKD (+0.0052)
My analysis
The basic bullish trend is very strong on NOK/HKD but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 0.7680 HKD. Crossing the first resistance at 0.7727 HKD would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 0.7748 HKD as an objective. Crossing it would then enable buyers to target 0.7769 HKD. Caution, a return to below 0.7680 HKD would be a sign of a consolidation phase in the short-term basic trend. 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.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
6.4
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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 0.7696 HKD. The price registered a decrease of -0.03% on the session and was traded between 0.7652 HKD and 0.7723 HKD over the period. The price is currently at +0.58% from its lowest and -0.35% from its highest.0.7652
0.7723
0.7696
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
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. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, only 9 technical indicators out of 18 studied are currently positioned bullish. The Central Indicators scanner specialised in technical indicators, has not detected anything further.
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 0.7618 | 0.7641 | 0.7680 | 0.7696 | 0.7702 | 0.7727 | 0.7748 |
| Change (%) | -1.01% | -0.71% | -0.21% | - | +0.08% | +0.40% | +0.68% |
| Change | -0.0078 | -0.0055 | -0.0016 | - | +0.0006 | +0.0031 | +0.0052 |
| Level | Major | Major | Minor | - | 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 | 0.7508 | 0.7566 | 0.7632 | 0.7690 | 0.7756 | 0.7814 | 0.7880 |
| Camarilla | 0.7664 | 0.7675 | 0.7687 | 0.7698 | 0.7709 | 0.7721 | 0.7732 |
| Woodie | 0.7512 | 0.7568 | 0.7636 | 0.7692 | 0.7760 | 0.7816 | 0.7884 |
| Fibonacci | 0.7566 | 0.7613 | 0.7643 | 0.7690 | 0.7737 | 0.7767 | 0.7814 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.7393 | 0.7474 | 0.7586 | 0.7667 | 0.7779 | 0.7860 | 0.7972 |
| Camarilla | 0.7645 | 0.7663 | 0.7680 | 0.7698 | 0.7716 | 0.7733 | 0.7751 |
| Woodie | 0.7409 | 0.7482 | 0.7602 | 0.7675 | 0.7795 | 0.7868 | 0.7988 |
| Fibonacci | 0.7474 | 0.7548 | 0.7593 | 0.7667 | 0.7741 | 0.7786 | 0.7860 |
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): | 52.20 | |
| MACD (12,26,9): | 0.0002 | |
| Directional Movement: | 8.2317 | |
| AROON (14): | 21.4286 | |
| DEMA (21): | 0.7694 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.7671 | |
| Elder Ray (13): | 0.0002 | |
| Super Trend (3,10): | 0.7660 | |
| Zig ZAG (10): | 0.7693 | |
| VORTEX (21): | 0.9820 | |
| Stochastique (14,3,5): | 59.45 | |
| TEMA (21): | 0.7685 | |
| Williams %R (14): | -36.92 | |
| Chande Momentum Oscillator (20): | -0.0004 | |
| Repulse (5,40,3): | 0.1438 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0059 | |
| Courbe Coppock: | 0.42 |
| MA7: | 0.7659 | |
| MA20: | 0.7713 | |
| MA50: | 0.7443 | |
| MA100: | 0.7420 | |
| MAexp7: | 0.7689 | |
| MAexp20: | 0.7690 | |
| MAexp50: | 0.7677 | |
| MAexp100: | 0.7667 | |
| Price / MA7: | +0.48% | |
| Price / MA20: | -0.22% | |
| Price / MA50: | +3.40% | |
| Price / MA100: | +3.72% | |
| Price / MAexp7: | +0.09% | |
| Price / MAexp20: | +0.08% | |
| Price / MAexp50: | +0.25% | |
| Price / MAexp100: | +0.38% |
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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