NOK/HKD - 1H - Technical analysis published on 01/19/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Neutral
Technical indicators
89%
6%
6%
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
0
10
3.8
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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:
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
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
S3
S2
S1
R1
R2
R3
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.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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