NOK/HKD - 1H - Technical analysis published on 07/16/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
50%
11%
39%
My opinion
Bearish under 0.7236 HKD
My targets
0.7198 HKD (-0.0023)
0.7135 HKD (-0.0086)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 0.7236 HKD remains possible. It is advisable to trade NOK/HKD with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 0.7236 HKD. The next bearish objective for sellers is set at 0.7198 HKD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.7135 HKD. In case of crossing, the next objective would be the support located at 0.7027 HKD. PS: if there is a bullish break in the resistance located at 0.7236 HKD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
2
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
NOK/HKD rating 0.7221 HKD. On the day, this instrument lost -0.04% with the lowest point at 0.7195 HKD and the highest point at 0.7229 HKD. The deviation from the price is +0.36% for the low point and -0.11% for the high point.0.7195
0.7229
0.7221
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this NOK/HKD chart shows a bearish trend. The signals given by moving averages are 75.00% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators shows a slightly bullish signal.
The Central Indicators scanner found no further results concerning independent technical indicators.
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
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 | 0.6959 | 0.7027 | 0.7135 | 0.7221 | 0.7236 | 0.7271 | 0.7310 |
| Change (%) | -3.63% | -2.69% | -1.19% | - | +0.21% | +0.69% | +1.23% |
| Change | -0.0262 | -0.0194 | -0.0086 | - | +0.0015 | +0.0050 | +0.0089 |
| Level | Intermediate | Major | Minor | - | Intermediate | Intermediate | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 0.7140 | 0.7178 | 0.7201 | 0.7239 | 0.7262 | 0.7300 | 0.7323 |
| Camarilla | 0.7207 | 0.7213 | 0.7218 | 0.7224 | 0.7230 | 0.7235 | 0.7241 |
| Woodie | 0.7133 | 0.7174 | 0.7194 | 0.7235 | 0.7255 | 0.7296 | 0.7316 |
| Fibonacci | 0.7178 | 0.7201 | 0.7216 | 0.7239 | 0.7262 | 0.7277 | 0.7300 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.7009 | 0.7116 | 0.7198 | 0.7305 | 0.7387 | 0.7494 | 0.7576 |
| Camarilla | 0.7229 | 0.7246 | 0.7264 | 0.7281 | 0.7298 | 0.7316 | 0.7333 |
| Woodie | 0.6998 | 0.7110 | 0.7187 | 0.7299 | 0.7376 | 0.7488 | 0.7565 |
| Fibonacci | 0.7116 | 0.7188 | 0.7233 | 0.7305 | 0.7377 | 0.7422 | 0.7494 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.6985 | 0.7124 | 0.7217 | 0.7356 | 0.7449 | 0.7588 | 0.7681 |
| Camarilla | 0.7247 | 0.7269 | 0.7290 | 0.7311 | 0.7332 | 0.7354 | 0.7375 |
| Woodie | 0.6963 | 0.7113 | 0.7195 | 0.7345 | 0.7427 | 0.7577 | 0.7659 |
| Fibonacci | 0.7124 | 0.7212 | 0.7267 | 0.7356 | 0.7444 | 0.7499 | 0.7588 |
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): | 49.06 | |
| MACD (12,26,9): | -0.0007 | |
| Directional Movement: | -3.4427 | |
| AROON (14): | 50.0000 | |
| DEMA (21): | 0.7205 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.7227 | |
| Elder Ray (13): | 0.0003 | |
| Super Trend (3,10): | 0.7227 | |
| Zig ZAG (10): | 0.7219 | |
| VORTEX (21): | 0.9800 | |
| Stochastique (14,3,5): | 54.90 | |
| TEMA (21): | 0.7209 | |
| Williams %R (14): | -29.41 | |
| Chande Momentum Oscillator (20): | 0.0017 | |
| Repulse (5,40,3): | 0.1413 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0187 | |
| Courbe Coppock: | 0.04 |
| MA7: | 0.7290 | |
| MA20: | 0.7338 | |
| MA50: | 0.7335 | |
| MA100: | 0.7302 | |
| MAexp7: | 0.7213 | |
| MAexp20: | 0.7216 | |
| MAexp50: | 0.7234 | |
| MAexp100: | 0.7260 | |
| Price / MA7: | -0.95% | |
| Price / MA20: | -1.59% | |
| Price / MA50: | -1.55% | |
| Price / MA100: | -1.11% | |
| Price / MAexp7: | +0.11% | |
| Price / MAexp20: | +0.07% | |
| Price / MAexp50: | -0.18% | |
| Price / MAexp100: | -0.54% |
Quotes :
-
Real time data
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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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