NOK/HUF - 1H - Technical analysis published on 08/23/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Slightly bullish
Technical indicators
67%
11%
22%
My opinion
Bullish above 33.046 HUF
My targets
33.354 HUF (+0.132)
33.561 HUF (+0.339)
My analysis
The strong short-term increase for NOK/HUF reinforces the current slightly bullish trend. As long as the price remains above 33.046 HUF, you could take advantage of this bullish acceleration. The first bullish objective is located at 33.354 HUF. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 33.561 HUF as an objective. Crossing it would then enable buyers to target 33.823 HUF. A return to 33.046 HUF would be a sign of a possible correction of short-term bullish excesses. In this case, you could stay away while waiting for signals indicating a reversal of the trend.
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
0
10
4.3
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Additional analysis
Quotes
NOK/HUF rating 33.222 HUF. The price is lower by -0.02% since the last closing and was between 33.035 HUF and 33.307 HUF. This implies that the price is at +0.57% from its lowest and at -0.26% from its highest.33.035
33.307
33.222
Here is a more detailed summary of the historical variations registered by NOK/HUF:
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. 57.14% of the signals given by moving averages are bullish. The overall trend could accelerate as strong bullish signals from short-term moving averages are expected. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
The probability of a further increase are moderate given the direction of the technical indicators.
The Central Indicators scanner specialised in technical indicators, has not detected anything further.
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 32.959 | 33.046 | 33.202 | 33.222 | 33.354 | 33.561 | 33.823 |
| Change (%) | -0.79% | -0.53% | -0.06% | - | +0.40% | +1.02% | +1.81% |
| Change | -0.263 | -0.176 | -0.020 | - | +0.132 | +0.339 | +0.601 |
| Level | Intermediate | Intermediate | Minor | - | Intermediate | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 32.842 | 32.941 | 33.084 | 33.183 | 33.326 | 33.425 | 33.568 |
| Camarilla | 33.161 | 33.183 | 33.205 | 33.227 | 33.249 | 33.271 | 33.294 |
| Woodie | 32.864 | 32.952 | 33.106 | 33.194 | 33.348 | 33.436 | 33.590 |
| Fibonacci | 32.941 | 33.033 | 33.091 | 33.183 | 33.275 | 33.333 | 33.425 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 31.647 | 32.300 | 32.671 | 33.324 | 33.695 | 34.348 | 34.719 |
| Camarilla | 32.760 | 32.854 | 32.948 | 33.042 | 33.136 | 33.230 | 33.324 |
| Woodie | 31.506 | 32.230 | 32.530 | 33.254 | 33.554 | 34.278 | 34.578 |
| Fibonacci | 32.300 | 32.691 | 32.933 | 33.324 | 33.715 | 33.957 | 34.348 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 29.618 | 30.655 | 32.712 | 33.749 | 35.806 | 36.843 | 38.900 |
| Camarilla | 33.919 | 34.203 | 34.486 | 34.770 | 35.054 | 35.337 | 35.621 |
| Woodie | 30.129 | 30.910 | 33.223 | 34.004 | 36.317 | 37.098 | 39.411 |
| Fibonacci | 30.655 | 31.837 | 32.567 | 33.749 | 34.931 | 35.661 | 36.843 |
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): | 55.38 | |
| MACD (12,26,9): | 0.0080 | |
| Directional Movement: | 2.638 | |
| AROON (14): | -35.714 | |
| DEMA (21): | 33.204 | |
| Parabolic SAR (0,02-0,02-0,2): | 33.049 | |
| Elder Ray (13): | 0.030 | |
| Super Trend (3,10): | 33.053 | |
| Zig ZAG (10): | 33.253 | |
| VORTEX (21): | 1.0220 | |
| Stochastique (14,3,5): | 70.85 | |
| TEMA (21): | 33.204 | |
| Williams %R (14): | -22.14 | |
| Chande Momentum Oscillator (20): | 0.055 | |
| Repulse (5,40,3): | 0.0800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0010 | |
| Courbe Coppock: | 0.16 |
| MA7: | 33.334 | |
| MA20: | 34.051 | |
| MA50: | 33.229 | |
| MA100: | 32.574 | |
| MAexp7: | 33.207 | |
| MAexp20: | 33.191 | |
| MAexp50: | 33.186 | |
| MAexp100: | 33.250 | |
| Price / MA7: | -0.34% | |
| Price / MA20: | -2.43% | |
| Price / MA50: | -0.02% | |
| Price / MA100: | +1.99% | |
| Price / MAexp7: | +0.05% | |
| Price / MAexp20: | +0.09% | |
| Price / MAexp50: | +0.11% | |
| Price / MAexp100: | -0.08% |
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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