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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 12/14/2023 (GMT)

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

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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 0.7351 HKD
My targets
0.7428 HKD (+0.0031)
0.7468 HKD (+0.0071)
My analysis
The bullish trend is currently very strong on NOK/HKD. As long as the price remains above the support at 0.7351 HKD, you could try to benefit from the boom. The first bullish objective is located at 0.7428 HKD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.7468 HKD as an objective. Crossing it would then enable buyers to target 0.7633 HKD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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
8.8

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 0.7397 HKD. The price has increased by +2.07% since the last closing and was traded between 0.7243 HKD and 0.7423 HKD over the period. The price is currently at +2.13% from its lowest and -0.35% from its highest.

0.7243
0.7423
0.7397

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



A study of price movements over other periods shows the following variations:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly


Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly


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. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, 15 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

RSI indicator is overbought : over 80

Type : Neutral

Timeframe : 1 hour


CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


CCI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour


RSI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly


Pivot points : price is over resistance 2

Type : Neutral

Timeframe : 1 hour



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Central Patterns

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour



The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.7259 0.7315 0.7351 0.7397 0.7468 0.7633 0.7910
Change (%) -1.87% -1.11% -0.62% - +0.96% +3.19% +6.94%
Change -0.0138 -0.0082 -0.0046 - +0.0071 +0.0236 +0.0513
Level Intermediate Minor Major - Minor Minor Major



To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.69790.70380.71420.72010.73050.73640.7468
Camarilla0.72020.72170.72320.72470.72620.72770.7292
Woodie0.70030.70490.71660.72120.73290.73750.7492
Fibonacci0.70380.71000.71380.72010.72630.73010.7364


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.68450.69780.70700.72030.72950.74280.7520
Camarilla0.70990.71200.71400.71610.71820.72020.7223
Woodie0.68240.69680.70490.71930.72740.74180.7499
Fibonacci0.69780.70640.71170.72030.72890.73420.7428


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.65760.67630.69940.71810.74120.75990.7830
Camarilla0.71100.71480.71870.72250.72630.73020.7340
Woodie0.65980.67740.70160.71920.74340.76100.7852
Fibonacci0.67630.69230.70210.71810.73410.74390.7599

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): 84.61
MACD (12,26,9): 0.0060
Directional Movement: 50.1324
AROON (14): 92.8571
DEMA (21): 0.7362
Parabolic SAR (0,02-0,02-0,2): 0.7316
Elder Ray (13): 0.0087
Super Trend (3,10): 0.7337
Zig ZAG (10): 0.7401
VORTEX (21): 1.4606
Stochastique (14,3,5): 93.93
TEMA (21): 0.7395
Williams %R (14): -12.57
Chande Momentum Oscillator (20): 0.0142
Repulse (5,40,3): 0.3625
ROCnROLL: 1
TRIX (15,9): 0.0939
Courbe Coppock: 3.60
MA7: 0.7194
MA20: 0.7242
MA50: 0.7147
MA100: 0.7264
MAexp7: 0.7361
MAexp20: 0.7289
MAexp50: 0.7220
MAexp100: 0.7191
Price / MA7: +2.82%
Price / MA20: +2.14%
Price / MA50: +3.50%
Price / MA100: +1.83%
Price / MAexp7: +0.49%
Price / MAexp20: +1.48%
Price / MAexp50: +2.45%
Price / MAexp100: +2.86%

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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