NOK/HUF - 1H - Technical analysis published on 04/26/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bearish
Technical indicators
50%
0%
50%
My opinion
Bearish under 32.354 HUF
My targets
32.235 HUF (-0.046)
32.121 HUF (-0.160)
My analysis
The basic trend is bearish on NOK/HUF and in the short term, the price is trying to rebound. For the time being, this is only a technical rebound and the basic trend is not threatened. To have the rebound confirmed, it would have at least to go back above the 32.354 HUF. Buyers would then use the next resistance located at 32.473 HUF as an objective. Crossing it would then enable buyers to target 32.791 HUF. If there is a return to below the support located at 32.235 HUF, this would be a sign of a reversal in the basic bearish trend. The next bearish objectives would be 32.121 HUF and 32.049 HUF by extension.
In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
0
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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 32.281 HUF. The price has increased by +0.00% since the last closing and was between 32.243 HUF and 32.287 HUF. This implies that the price is at +0.12% from its lowest and at -0.02% from its highest.32.243
32.287
32.281
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
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 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of NOK/HUF in 1H shows an overall bearish trend. The signals given by moving averages are at 67.86% bearish. This bearish trend could slow down given the slightly bullish signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The probability of a further increase is slight given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
MACD indicator is back over 0
Type : Bullish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near resistance of channel
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 | 32.049 | 32.121 | 32.235 | 32.281 | 32.354 | 32.473 | 32.791 |
| Change (%) | -0.72% | -0.50% | -0.14% | - | +0.23% | +0.59% | +1.58% |
| Change | -0.232 | -0.160 | -0.046 | - | +0.073 | +0.192 | +0.510 |
| Level | Major | Minor | 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 | 31.567 | 31.789 | 32.035 | 32.257 | 32.503 | 32.725 | 32.971 |
| Camarilla | 32.153 | 32.196 | 32.239 | 32.282 | 32.325 | 32.368 | 32.411 |
| Woodie | 31.580 | 31.795 | 32.048 | 32.263 | 32.516 | 32.731 | 32.984 |
| Fibonacci | 31.789 | 31.967 | 32.078 | 32.257 | 32.435 | 32.546 | 32.725 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 31.537 | 31.885 | 32.112 | 32.460 | 32.687 | 33.035 | 33.262 |
| Camarilla | 32.182 | 32.235 | 32.287 | 32.340 | 32.393 | 32.445 | 32.498 |
| Woodie | 31.478 | 31.855 | 32.053 | 32.430 | 32.628 | 33.005 | 33.203 |
| Fibonacci | 31.885 | 32.104 | 32.240 | 32.460 | 32.679 | 32.815 | 33.035 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 30.716 | 31.997 | 32.682 | 33.963 | 34.648 | 35.929 | 36.614 |
| Camarilla | 32.827 | 33.008 | 33.188 | 33.368 | 33.548 | 33.728 | 33.909 |
| Woodie | 30.419 | 31.848 | 32.385 | 33.814 | 34.351 | 35.780 | 36.317 |
| Fibonacci | 31.997 | 32.748 | 33.212 | 33.963 | 34.714 | 35.178 | 35.929 |
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): | 50.75 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | -0.420 | |
| AROON (14): | 21.429 | |
| DEMA (21): | 32.248 | |
| Parabolic SAR (0,02-0,02-0,2): | 32.067 | |
| Elder Ray (13): | 0.005 | |
| Super Trend (3,10): | 32.394 | |
| Zig ZAG (10): | 32.260 | |
| VORTEX (21): | 0.9830 | |
| Stochastique (14,3,5): | 84.76 | |
| TEMA (21): | 32.263 | |
| Williams %R (14): | -19.79 | |
| Chande Momentum Oscillator (20): | 0.075 | |
| Repulse (5,40,3): | 0.0320 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0040 | |
| Courbe Coppock: | 0.42 |
| MA7: | 32.372 | |
| MA20: | 32.774 | |
| MA50: | 33.717 | |
| MA100: | 35.420 | |
| MAexp7: | 32.262 | |
| MAexp20: | 32.252 | |
| MAexp50: | 32.276 | |
| MAexp100: | 32.336 | |
| Price / MA7: | -0.28% | |
| Price / MA20: | -1.50% | |
| Price / MA50: | -4.26% | |
| Price / MA100: | -8.86% | |
| Price / MAexp7: | +0.06% | |
| Price / MAexp20: | +0.09% | |
| Price / MAexp50: | +0.02% | |
| Price / MAexp100: | -0.17% |
Quotes :
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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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