NOK/HUF - 1H - Technical analysis published on 05/11/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
72%
0%
28%
My opinion
Bullish above 32.049 HUF
My targets
32.164 HUF (+0.063)
32.268 HUF (+0.167)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on NOK/HUF as long as the price remains well above 32.049 HUF. The buyers' bullish objective is set at 32.164 HUF. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 32.268 HUF. If there is any crossing, the next objective would be the resistance located at 35.055 HUF. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.3
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 32.101 HUF. On the day, this instrument gained +0.15% with the lowest point at 32.031 HUF and the highest point at 32.107 HUF. The deviation from the price is +0.22% for the low point and -0.02% for the high point.32.031
32.107
32.101
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 HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of NOK/HUF indicates that the overall trend is strongly bullish. 82.14% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
In fact, 13 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 31.834 | 31.960 | 32.049 | 32.101 | 32.164 | 32.268 | 35.055 |
| Change (%) | -0.83% | -0.44% | -0.16% | - | +0.20% | +0.52% | +9.20% |
| Change | -0.267 | -0.141 | -0.052 | - | +0.063 | +0.167 | +2.954 |
| Level | Minor | Intermediate | Major | - | Minor | Major | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 31.725 | 31.863 | 31.958 | 32.096 | 32.191 | 32.329 | 32.424 |
| Camarilla | 31.990 | 32.011 | 32.033 | 32.054 | 32.075 | 32.097 | 32.118 |
| Woodie | 31.705 | 31.852 | 31.938 | 32.085 | 32.171 | 32.318 | 32.404 |
| Fibonacci | 31.863 | 31.952 | 32.007 | 32.096 | 32.185 | 32.240 | 32.329 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 30.895 | 31.119 | 31.526 | 31.750 | 32.157 | 32.381 | 32.788 |
| Camarilla | 31.759 | 31.816 | 31.874 | 31.932 | 31.990 | 32.048 | 32.106 |
| Woodie | 30.986 | 31.165 | 31.617 | 31.796 | 32.248 | 32.427 | 32.879 |
| Fibonacci | 31.119 | 31.360 | 31.509 | 31.750 | 31.991 | 32.140 | 32.381 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 28.595 | 30.037 | 30.910 | 32.352 | 33.225 | 34.667 | 35.540 |
| Camarilla | 31.146 | 31.359 | 31.571 | 31.783 | 31.995 | 32.207 | 32.420 |
| Woodie | 28.311 | 29.895 | 30.626 | 32.210 | 32.941 | 34.525 | 35.256 |
| Fibonacci | 30.037 | 30.921 | 31.468 | 32.352 | 33.236 | 33.783 | 34.667 |
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): | 56.20 | |
| MACD (12,26,9): | -0.0020 | |
| Directional Movement: | 4.810 | |
| AROON (14): | -50.000 | |
| DEMA (21): | 32.060 | |
| Parabolic SAR (0,02-0,02-0,2): | 32.001 | |
| Elder Ray (13): | 0.033 | |
| Super Trend (3,10): | 31.957 | |
| Zig ZAG (10): | 32.098 | |
| VORTEX (21): | 1.0440 | |
| Stochastique (14,3,5): | 57.39 | |
| TEMA (21): | 32.064 | |
| Williams %R (14): | -11.43 | |
| Chande Momentum Oscillator (20): | 0.015 | |
| Repulse (5,40,3): | 0.0790 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0030 | |
| Courbe Coppock: | 0.23 |
| MA7: | 31.938 | |
| MA20: | 32.090 | |
| MA50: | 33.101 | |
| MA100: | 34.634 | |
| MAexp7: | 32.069 | |
| MAexp20: | 32.065 | |
| MAexp50: | 32.063 | |
| MAexp100: | 32.009 | |
| Price / MA7: | +0.51% | |
| Price / MA20: | +0.03% | |
| Price / MA50: | -3.02% | |
| Price / MA100: | -7.31% | |
| Price / MAexp7: | +0.10% | |
| Price / MAexp20: | +0.11% | |
| Price / MAexp50: | +0.12% | |
| Price / MAexp100: | +0.29% |
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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