NOK/HUF - 1H - Technical analysis published on 05/18/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
56%
0%
44%
My opinion
Bearish under 31.743 HUF
My targets
31.587 HUF (-0.091)
31.516 HUF (-0.162)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on NOK/HUF. As long as you are under the resistance located at 31.743 HUF, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 31.587 HUF would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 31.516 HUF as an objective. Crossing it would then enable sellers to target 30.012 HUF. If the resistance 31.743 HUF were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
0.7
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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 31.678 HUF. On the day, this instrument gained +0.00% with the lowest point at 31.621 HUF and the highest point at 31.691 HUF. The deviation from the price is +0.18% for the low point and -0.04% for the high point.31.621
31.691
31.678
Here is a more detailed summary of the historical variations registered by NOK/HUF:
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 bearish. 71.43% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 1 hour
In fact, 10 technical indicators on 18 studied are currently positioned bullish. The Central Indicators scanner found this result concerning these indicators:
Aroon indicator bearish trend
Type : Bearish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
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 : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 30.012 | 31.516 | 31.587 | 31.678 | 31.743 | 31.873 | 32.049 |
| Change (%) | -5.26% | -0.51% | -0.29% | - | +0.21% | +0.62% | +1.17% |
| Change | -1.666 | -0.162 | -0.091 | - | +0.065 | +0.195 | +0.371 |
| Level | Intermediate | Intermediate | Minor | - | Major | Minor | 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 | 31.258 | 31.387 | 31.533 | 31.662 | 31.808 | 31.937 | 32.083 |
| Camarilla | 31.603 | 31.629 | 31.654 | 31.679 | 31.704 | 31.729 | 31.755 |
| Woodie | 31.267 | 31.391 | 31.542 | 31.666 | 31.817 | 31.941 | 32.092 |
| Fibonacci | 31.387 | 31.492 | 31.557 | 31.662 | 31.767 | 31.832 | 31.937 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 31.070 | 31.405 | 31.667 | 32.002 | 32.264 | 32.599 | 32.861 |
| Camarilla | 31.765 | 31.820 | 31.874 | 31.929 | 31.984 | 32.039 | 32.093 |
| Woodie | 31.034 | 31.387 | 31.631 | 31.984 | 32.228 | 32.581 | 32.825 |
| Fibonacci | 31.405 | 31.633 | 31.774 | 32.002 | 32.230 | 32.371 | 32.599 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 49.91 | |
| MACD (12,26,9): | -0.0080 | |
| Directional Movement: | -1.437 | |
| AROON (14): | -14.286 | |
| DEMA (21): | 31.650 | |
| Parabolic SAR (0,02-0,02-0,2): | 31.592 | |
| Elder Ray (13): | 0.016 | |
| Super Trend (3,10): | 31.750 | |
| Zig ZAG (10): | 31.677 | |
| VORTEX (21): | 1.0490 | |
| Stochastique (14,3,5): | 48.08 | |
| TEMA (21): | 31.677 | |
| Williams %R (14): | -35.66 | |
| Chande Momentum Oscillator (20): | 0.062 | |
| Repulse (5,40,3): | 0.0190 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0070 | |
| Courbe Coppock: | 0.13 |
| MA7: | 31.847 | |
| MA20: | 31.898 | |
| MA50: | 32.890 | |
| MA100: | 34.313 | |
| MAexp7: | 31.669 | |
| MAexp20: | 31.668 | |
| MAexp50: | 31.719 | |
| MAexp100: | 31.792 | |
| Price / MA7: | -0.53% | |
| Price / MA20: | -0.69% | |
| Price / MA50: | -3.69% | |
| Price / MA100: | -7.68% | |
| Price / MAexp7: | +0.03% | |
| Price / MAexp20: | +0.03% | |
| Price / MAexp50: | -0.13% | |
| Price / MAexp100: | -0.36% |
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.
About author
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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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