NOK/HKD - 1H - Technical analysis published on 03/13/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Slightly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 0.7450 HKD
My targets
0.7494 HKD (+0.0026)
0.7598 HKD (+0.0130)
My analysis
The strong short-term increase for NOK/HKD reinforces the current slightly bullish trend. As long as the price remains above 0.7450 HKD, you could take advantage of this bullish acceleration. The first bullish objective is located at 0.7494 HKD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.7598 HKD as an objective. Crossing it would then enable buyers to target 0.7601 HKD. A return to 0.7450 HKD would be a sign of a possible correction of short-term bullish excesses. In this case, you could stay away while waiting for signals indicating a 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
4.8
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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 +0.35% on the session and was traded between 0.7432 HKD and 0.7475 HKD over the period. The price is currently at +0.48% from its lowest and -0.09% from its highest.0.7432
0.7475
0.7468
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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 slightly bullish trend. Only 57.14% of the signals given by moving averages are bullish. This slightly bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish trend reversal : Moving Average 50
Type : Bullish
Timeframe : 1 hour
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
SuperTrend indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near resistance of channel
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
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.7379 | 0.7414 | 0.7450 | 0.7468 | 0.7494 | 0.7601 | 0.7732 |
| Change (%) | -1.19% | -0.72% | -0.24% | - | +0.35% | +1.78% | +3.54% |
| Change | -0.0089 | -0.0054 | -0.0018 | - | +0.0026 | +0.0133 | +0.0264 |
| Level | Minor | Intermediate | Major | - | Intermediate | Intermediate | Intermediate |
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 |
|---|---|---|---|---|---|---|---|
| Standard | 0.7325 | 0.7369 | 0.7406 | 0.7450 | 0.7487 | 0.7531 | 0.7568 |
| Camarilla | 0.7420 | 0.7427 | 0.7435 | 0.7442 | 0.7449 | 0.7457 | 0.7464 |
| Woodie | 0.7321 | 0.7367 | 0.7402 | 0.7448 | 0.7483 | 0.7529 | 0.7564 |
| Fibonacci | 0.7369 | 0.7400 | 0.7419 | 0.7450 | 0.7481 | 0.7500 | 0.7531 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.7188 | 0.7283 | 0.7393 | 0.7488 | 0.7598 | 0.7693 | 0.7803 |
| Camarilla | 0.7446 | 0.7464 | 0.7483 | 0.7502 | 0.7521 | 0.7540 | 0.7558 |
| Woodie | 0.7195 | 0.7287 | 0.7400 | 0.7492 | 0.7605 | 0.7697 | 0.7810 |
| Fibonacci | 0.7283 | 0.7362 | 0.7410 | 0.7488 | 0.7567 | 0.7615 | 0.7693 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.7035 | 0.7165 | 0.7267 | 0.7397 | 0.7499 | 0.7629 | 0.7731 |
| Camarilla | 0.7305 | 0.7327 | 0.7348 | 0.7369 | 0.7390 | 0.7412 | 0.7433 |
| Woodie | 0.7021 | 0.7158 | 0.7253 | 0.7390 | 0.7485 | 0.7622 | 0.7717 |
| Fibonacci | 0.7165 | 0.7254 | 0.7308 | 0.7397 | 0.7486 | 0.7540 | 0.7629 |
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): | 61.53 | |
| MACD (12,26,9): | 0.0002 | |
| Directional Movement: | 7.3787 | |
| AROON (14): | 57.1428 | |
| DEMA (21): | 0.7453 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.7444 | |
| Elder Ray (13): | 0.0012 | |
| Super Trend (3,10): | 0.7429 | |
| Zig ZAG (10): | 0.7470 | |
| VORTEX (21): | 1.1362 | |
| Stochastique (14,3,5): | 83.59 | |
| TEMA (21): | 0.7462 | |
| Williams %R (14): | -11.63 | |
| Chande Momentum Oscillator (20): | 0.0025 | |
| Repulse (5,40,3): | 0.1451 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0056 | |
| Courbe Coppock: | 0.48 |
| MA7: | 0.7469 | |
| MA20: | 0.7443 | |
| MA50: | 0.7457 | |
| MA100: | 0.7357 | |
| MAexp7: | 0.7461 | |
| MAexp20: | 0.7453 | |
| MAexp50: | 0.7460 | |
| MAexp100: | 0.7464 | |
| Price / MA7: | -0.01% | |
| Price / MA20: | +0.34% | |
| Price / MA50: | +0.15% | |
| Price / MA100: | +1.51% | |
| Price / MAexp7: | +0.09% | |
| Price / MAexp20: | +0.20% | |
| Price / MAexp50: | +0.11% | |
| 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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