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 01/19/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Neutral

Technical indicators

89%

My opinion

Bullish above 0.7450 HKD

My targets

0.7523 HKD (+0.0055)

0.7601 HKD (+0.0133)

My analysis

The current short-term bullish trend should quickly fix the basic bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for NOK/HKD as long as the price remains well above 0.7450 HKD. The buyers' bullish objective is set at 0.7523 HKD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.7601 HKD. If there is any crossing, the next objective would be the resistance located at 0.7633 HKD.

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

3.8

Comment on the analysis

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.

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

Additional analysis

Quotes

The NOK/HKD rating is 0.7468 HKD. The price registered an increase of +0.50% on the session and was between 0.7422 HKD and 0.7476 HKD. This implies that the price is at +0.62% from its lowest and at -0.11% from its highest.

0.7422

0.7476

0.7468

A study of price movements over other periods shows the following variations:

The Central Records scanner for higher/lower results shows the following items:

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 neutral trend. The trend could quickly turn bullish due to the strong bullish signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

An assessment of technical indicators shows a strong bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.7406	0.7427	0.7450	0.7468	0.7523	0.7601	0.7633
Change (%)	-0.83%	-0.55%	-0.24%	-	+0.74%	+1.78%	+2.21%
Change	-0.0062	-0.0041	-0.0018	-	+0.0055	+0.0133	+0.0165
Level	Major	Minor	Major	-	Intermediate	Intermediate	Minor

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	0.7343	0.7374	0.7403	0.7434	0.7463	0.7494	0.7523
Camarilla	0.7415	0.7420	0.7426	0.7431	0.7437	0.7442	0.7448
Woodie	0.7341	0.7374	0.7401	0.7434	0.7461	0.7494	0.7521
Fibonacci	0.7374	0.7397	0.7411	0.7434	0.7457	0.7471	0.7494

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.7375	0.7433	0.7517	0.7575	0.7659	0.7717	0.7801
Camarilla	0.7562	0.7575	0.7588	0.7601	0.7614	0.7627	0.7640
Woodie	0.7388	0.7440	0.7530	0.7582	0.7672	0.7724	0.7814
Fibonacci	0.7433	0.7487	0.7521	0.7575	0.7629	0.7663	0.7717

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.6576	0.6833	0.7254	0.7511	0.7932	0.8189	0.8610
Camarilla	0.7490	0.7552	0.7614	0.7676	0.7738	0.7800	0.7863
Woodie	0.6659	0.6874	0.7337	0.7552	0.8015	0.8230	0.8693
Fibonacci	0.6833	0.7092	0.7252	0.7511	0.7770	0.7930	0.8189

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	65.86
MACD (12,26,9):	0.0006
Directional Movement:	14.6340
AROON (14):	92.8571
DEMA (21):	0.7448
Parabolic SAR (0,02-0,02-0,2):	0.7414
Elder Ray (13):	0.0019
Super Trend (3,10):	0.7425
Zig ZAG (10):	0.7465
VORTEX (21):	1.2205
Stochastique (14,3,5):	87.37
TEMA (21):	0.7459
Williams %R (14):	-16.67
Chande Momentum Oscillator (20):	0.0037
Repulse (5,40,3):	0.3045
ROCnROLL:	1
TRIX (15,9):	0.0021
Courbe Coppock:	0.79

MA7:	0.7510
MA20:	0.7575
MA50:	0.7381
MA100:	0.7281
MAexp7:	0.7455
MAexp20:	0.7443
MAexp50:	0.7448
MAexp100:	0.7472
Price / MA7:	-0.56%
Price / MA20:	-1.41%
Price / MA50:	+1.18%
Price / MA100:	+2.57%
Price / MAexp7:	+0.17%
Price / MAexp20:	+0.34%
Price / MAexp50:	+0.27%
Price / MAexp100:	-0.05%

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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