NOK/HUF - 1H - Technical analysis published on 12/14/2022 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Slightly bullish
Technical indicators
72%
17%
11%
My opinion
Bullish above 39.479 HUF
My targets
39.652 HUF (+0.140)
39.933 HUF (+0.421)
My analysis
NOK/HUF is currently trying to strengthen its basic trend with a very bullish short term. As long as the price remains above 39.479 HUF, traders may consider taking advantage of this bullish acceleration and setting themselves to trade only long positions (at the time of purchase). Buyers will encounter the resistance at 39.652 HUF. A bullish break in this resistance would confirm a continuation of the bullish acceleration. The next resistance located at 39.933 HUF would then be the next bullish objective for buyers. Crossing it would then enable buyers to target 40.090 HUF. Beware of a possible return to under the support located at 39.479 HUF which would be the sign of a correction of the bullish excesses registered in the short term.
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
4.6
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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/HUF rating 39.512 HUF. The price is lower by -0.01% since the last closing and was traded between 39.411 HUF and 39.571 HUF over the period. The price is currently at +0.26% from its lowest and -0.15% from its highest.39.411
39.571
39.512
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of NOK/HUF in 1H shows an overall slightly bullish trend. 60.71% of the signals given by moving averages are bullish. This slightly bullish trend could be reinforced by the strong bullish signals 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 50
Type : Bullish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, 13 technical indicators out of 18 analysed are currently bullish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near horizontal resistance
Type : Bearish
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 | 38.814 | 39.110 | 39.483 | 39.512 | 39.652 | 39.933 | 40.090 |
| Change (%) | -1.77% | -1.02% | -0.07% | - | +0.35% | +1.07% | +1.46% |
| Change | -0.698 | -0.402 | -0.029 | - | +0.140 | +0.421 | +0.578 |
| Level | Major | Minor | Major | - | Minor | Major | Major |
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 | 38.207 | 38.547 | 39.031 | 39.371 | 39.855 | 40.195 | 40.679 |
| Camarilla | 39.288 | 39.364 | 39.440 | 39.515 | 39.591 | 39.666 | 39.742 |
| Woodie | 38.279 | 38.583 | 39.103 | 39.407 | 39.927 | 40.231 | 40.751 |
| Fibonacci | 38.547 | 38.862 | 39.056 | 39.371 | 39.686 | 39.880 | 40.195 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 37.531 | 38.110 | 38.900 | 39.479 | 40.269 | 40.848 | 41.638 |
| Camarilla | 39.315 | 39.440 | 39.566 | 39.691 | 39.817 | 39.942 | 40.068 |
| Woodie | 37.638 | 38.163 | 39.007 | 39.532 | 40.376 | 40.901 | 41.745 |
| Fibonacci | 38.110 | 38.633 | 38.956 | 39.479 | 40.002 | 40.325 | 40.848 |
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 the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 55.25 | |
| MACD (12,26,9): | 0.0230 | |
| Directional Movement: | 11.007 | |
| AROON (14): | 42.857 | |
| DEMA (21): | 39.467 | |
| Parabolic SAR (0,02-0,02-0,2): | 39.438 | |
| Elder Ray (13): | 0.043 | |
| Super Trend (3,10): | 39.206 | |
| Zig ZAG (10): | 39.494 | |
| VORTEX (21): | 1.1620 | |
| Stochastique (14,3,5): | 40.37 | |
| TEMA (21): | 39.512 | |
| Williams %R (14): | -73.36 | |
| Chande Momentum Oscillator (20): | 0.012 | |
| Repulse (5,40,3): | -0.0050 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0060 | |
| Courbe Coppock: | 0.71 |
| MA7: | 39.451 | |
| MA20: | 39.478 | |
| MA50: | 39.711 | |
| MA100: | 40.030 | |
| MAexp7: | 39.479 | |
| MAexp20: | 39.444 | |
| MAexp50: | 39.455 | |
| MAexp100: | 39.488 | |
| Price / MA7: | +0.15% | |
| Price / MA20: | +0.09% | |
| Price / MA50: | -0.50% | |
| Price / MA100: | -1.29% | |
| Price / MAexp7: | +0.08% | |
| Price / MAexp20: | +0.17% | |
| Price / MAexp50: | +0.14% | |
| Price / MAexp100: | +0.06% |
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.
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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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