NOK/HUF

- HUF (-)

- Real time data - Forex

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Type:	Forex
Ticker:	NOKHUF
ISIN:

NOK/HUF - Daily - Technical analysis published on 11/17/2022 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Bearish

Underlying: Bearish

Technical indicators

44%

17%

39%

My opinion

Bearish under 40.090 HUF

My targets

38.814 HUF (-0.542)

37.770 HUF (-1.586)

My analysis

All elements being rather bearish, it would be possible for traders to trade only short positions (for sale) on NOK/HUF as long as the price remains well below 40.090 HUF. The next bearish objective for sellers is set at 38.814 HUF. A bearish break of this support would revive the bearish momentum. Sellers could then target the next support located at 37.770 HUF. If there is any crossing, the next objective would be the support located at 37.051 HUF. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bearish, basic trend. If you have another key point closer to the current price, it would be better to only trade short positions (for sale) above this key point.

In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.

Force

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/HUF rating is 39.356 HUF. The price registered a decrease of -0.02% on the session and was between 39.021 HUF and 39.684 HUF. This implies that the price is at +0.86% from its lowest and at -0.83% from its highest.

39.021

39.684

39.356

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The study of the highest / lowest by the Central Records scanner shows the following result:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of NOK/HUF indicates that the overall trend is bearish. 75.00% of the signals given by moving averages are bearish. The overall trend seems to be showing some signs of weakness, as do the tentative bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, only 8 technical indicators out of 18 studied are currently positioned bullish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Williams %R indicator is back over -50

Type : Bullish

Timeframe : Daily

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:

Doji

Type : Neutral

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	37.051	37.770	38.814	39.356	39.483	40.090	40.877
Change (%)	-5.86%	-4.03%	-1.38%	-	+0.32%	+1.87%	+3.86%
Change	-2.305	-1.586	-0.542	-	+0.127	+0.734	+1.521
Level	Intermediate	Intermediate	Major	-	Major	Major	Minor

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	38.160	38.647	39.006	39.493	39.852	40.339	40.698
Camarilla	39.131	39.209	39.287	39.364	39.442	39.519	39.597
Woodie	38.095	38.615	38.941	39.461	39.787	40.307	40.633
Fibonacci	38.647	38.971	39.170	39.493	39.817	40.016	40.339

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	37.623	38.069	38.765	39.211	39.907	40.353	41.049
Camarilla	39.146	39.251	39.355	39.460	39.565	39.669	39.774
Woodie	37.747	38.132	38.889	39.274	40.031	40.416	41.173
Fibonacci	38.069	38.506	38.775	39.211	39.648	39.917	40.353

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	35.838	37.434	38.647	40.243	41.456	43.052	44.265
Camarilla	39.087	39.344	39.602	39.859	40.117	40.374	40.632
Woodie	35.646	37.338	38.455	40.147	41.264	42.956	44.073
Fibonacci	37.434	38.507	39.170	40.243	41.316	41.979	43.052

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):	46.05
MACD (12,26,9):	-0.1710
Directional Movement:	-1.190
AROON (14):	-64.286
DEMA (21):	39.301
Parabolic SAR (0,02-0,02-0,2):	38.664
Elder Ray (13):	-0.096
Super Trend (3,10):	40.707
Zig ZAG (10):	39.341
VORTEX (21):	0.9670
Stochastique (14,3,5):	60.28
TEMA (21):	39.256
Williams %R (14):	-49.02
Chande Momentum Oscillator (20):	-0.426
Repulse (5,40,3):	-0.1200
ROCnROLL:	2
TRIX (15,9):	-0.0740
Courbe Coppock:	2.20

MA7:	39.330
MA20:	39.522
MA50:	39.815
MA100:	40.032
MAexp7:	39.411
MAexp20:	39.538
MAexp50:	39.775
MAexp100:	39.652
Price / MA7:	+0.07%
Price / MA20:	-0.42%
Price / MA50:	-1.15%
Price / MA100:	-1.69%
Price / MAexp7:	-0.14%
Price / MAexp20:	-0.46%
Price / MAexp50:	-1.05%
Price / MAexp100:	-0.74%

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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