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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 09/01/2023 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Bullish
Underlying: Bullish
Technical indicators
61%
6%
33%
My opinion
Bullish above 0.7345 HKD
My targets
0.7398 HKD (+0.0013)
0.7418 HKD (+0.0033)
My analysis
All elements being rather bullish, it would be possible for traders to only trade long positions (at the time of purchase) on NOK/HKD as long as the price remains well above 0.7345 HKD. The buyers' bullish objective is set at 0.7398 HKD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.7418 HKD. If there is any crossing, the next objective would be the resistance located at 0.7468 HKD. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bullish, basic trend. If you have another key point closer to the current price, it would be better to only trade long positions (at the time of purchase) above that key point.

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
4.6

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

The NOK/HKD price is 0.7385 HKD. On the day, this instrument gained +0.11% with the lowest point at 0.7368 HKD and the highest point at 0.7392 HKD. The deviation from the price is +0.23% for the low point and -0.09% for the high point.

0.7368
0.7392
0.7385

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:
The Central Records scanner for higher/lower results shows an item:

Central Records

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


A technical analysis in 1H of this NOK/HKD chart shows a bullish trend. 67.86% of the signals given by moving averages are bullish. This bullish trend shows slight signs of slowing down given the slightly bullish signals given by the short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:

Central Indicators

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : 1 hour


Bullish trend reversal : adaptative moving average 50

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : 1 hour



In fact, 11 technical indicators on 18 studied are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

RSI indicator is back over 50

Type : Bullish

Timeframe : 1 hour


Price is back over the pivot point

Type : Bullish

Timeframe : 1 hour


Momentum indicator is back over 0

Type : Bullish

Timeframe : 1 hour



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Central Patterns

Near horizontal support

Type : Bullish

Timeframe : 1 hour


Support of channel is broken

Type : Bearish

Timeframe : 1 hour



The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.7324 0.7345 0.7384 0.7385 0.7398 0.7418 0.7468
Change (%) -0.83% -0.54% -0.01% - +0.18% +0.45% +1.12%
Change -0.0061 -0.0040 -0.0001 - +0.0013 +0.0033 +0.0083
Level Minor Minor Intermediate - Minor Intermediate Intermediate



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.72620.73040.73400.73820.74180.74600.7496
Camarilla0.73560.73630.73700.73770.73840.73910.7399
Woodie0.72600.73030.73380.73810.74160.74590.7494
Fibonacci0.73040.73340.73520.73820.74120.74300.7460


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.71470.72210.72780.73520.74090.74830.7540
Camarilla0.72980.73100.73220.73340.73460.73580.7370
Woodie0.71380.72170.72690.73480.74000.74790.7531
Fibonacci0.72210.72710.73020.73520.74020.74330.7483


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.67470.70220.71990.74740.76510.79260.8103
Camarilla0.72530.72940.73360.73770.74180.74600.7501
Woodie0.66990.69980.71510.74500.76030.79020.8055
Fibonacci0.70220.71940.73010.74740.76460.77530.7926

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): 52.26
MACD (12,26,9): -0.0004
Directional Movement: 7.6129
AROON (14): 21.4286
DEMA (21): 0.7371
Parabolic SAR (0,02-0,02-0,2): 0.7351
Elder Ray (13): 0.0004
Super Trend (3,10): 0.7404
Zig ZAG (10): 0.7385
VORTEX (21): 0.9108
Stochastique (14,3,5): 63.04
TEMA (21): 0.7369
Williams %R (14): -26.09
Chande Momentum Oscillator (20): 0.0018
Repulse (5,40,3): 0.0943
ROCnROLL: 1
TRIX (15,9): -0.0147
Courbe Coppock: 0.07
MA7: 0.7363
MA20: 0.7438
MA50: 0.7517
MA100: 0.7400
MAexp7: 0.7377
MAexp20: 0.7378
MAexp50: 0.7382
MAexp100: 0.7376
Price / MA7: +0.30%
Price / MA20: -0.71%
Price / MA50: -1.76%
Price / MA100: -0.20%
Price / MAexp7: +0.11%
Price / MAexp20: +0.09%
Price / MAexp50: +0.04%
Price / MAexp100: +0.12%

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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Londinia
Londinia AI

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