NOK/HUF

- HUF (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Forex
Ticker:	NOKHUF
ISIN:

NOK/HUF - Daily - Technical analysis published on 12/02/2022 (GMT)

Londinia

Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!

Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

83%

11%

My opinion

Bullish above 40.090 HUF

My targets

40.877 HUF (+0.567)

41.689 HUF (+1.379)

My analysis

NOK/HUF is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 40.090 HUF. The next resistance located at 40.877 HUF is the next bullish target to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 41.689 HUF. After this resistance, buyers could then target 42.750 HUF.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

7.1

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 price is 40.310 HUF. The price registered a decrease of -0.01% on the session and was traded between 40.267 HUF and 40.333 HUF over the period. The price is currently at +0.11% from its lowest and -0.06% from its highest.

40.267

40.333

40.310

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bearish opening

Type : Bearish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by NOK/HUF:

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

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of NOK/HUF indicates that the overall trend is bullish. The signals returned by the moving averages are 78.57% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:

Bullish trend reversal : Moving Average 100

Type : Bullish

Timeframe : Daily

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 : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Near horizontal resistance

Type : Bearish

Timeframe : Daily

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:

Bearish harami cross

Type : Bearish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	37.770	38.814	40.090	40.310	40.877	41.689	42.750
Change (%)	-6.30%	-3.71%	-0.55%	-	+1.41%	+3.42%	+6.05%
Change	-2.540	-1.496	-0.220	-	+0.567	+1.379	+2.440
Level	Minor	Major	Major	-	Minor	Major	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	39.343	39.573	39.943	40.173	40.543	40.773	41.143
Camarilla	40.147	40.202	40.257	40.312	40.367	40.422	40.477
Woodie	39.412	39.608	40.012	40.208	40.612	40.808	41.212
Fibonacci	39.573	39.803	39.944	40.173	40.403	40.544	40.773

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	37.276	37.938	38.852	39.514	40.428	41.090	42.004
Camarilla	39.333	39.477	39.622	39.766	39.911	40.055	40.199
Woodie	37.402	38.001	38.978	39.577	40.554	41.153	42.130
Fibonacci	37.938	38.540	38.912	39.514	40.116	40.488	41.090

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	37.188	37.830	38.892	39.534	40.596	41.238	42.300
Camarilla	39.485	39.642	39.798	39.954	40.110	40.266	40.423
Woodie	37.398	37.935	39.102	39.639	40.806	41.343	42.510
Fibonacci	37.830	38.481	38.883	39.534	40.185	40.587	41.238

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):	58.27
MACD (12,26,9):	0.0830
Directional Movement:	6.665
AROON (14):	64.286
DEMA (21):	39.672
Parabolic SAR (0,02-0,02-0,2):	38.856
Elder Ray (13):	0.600
Super Trend (3,10):	40.707
Zig ZAG (10):	40.308
VORTEX (21):	1.0760
Stochastique (14,3,5):	92.45
TEMA (21):	39.880
Williams %R (14):	-4.76
Chande Momentum Oscillator (20):	0.942
Repulse (5,40,3):	1.4950
ROCnROLL:	1
TRIX (15,9):	-0.0270
Courbe Coppock:	2.80

MA7:	39.847
MA20:	39.421
MA50:	39.785
MA100:	40.043
MAexp7:	39.880
MAexp20:	39.637
MAexp50:	39.714
MAexp100:	39.636
Price / MA7:	+1.16%
Price / MA20:	+2.26%
Price / MA50:	+1.32%
Price / MA100:	+0.67%
Price / MAexp7:	+1.08%
Price / MAexp20:	+1.70%
Price / MAexp50:	+1.50%
Price / MAexp100:	+1.70%

Quotes : - Real time data - Forex

This member declared not having a position on this financial instrument or a related financial instrument.

About author

Londinia AI

Online

Overall rating :

15558

Number of analyses :

90907

Followers :

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…