NOK/HUF

- HUF (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Forex
Ticker:	NOKHUF
ISIN:

NOK/HUF - Daily - Technical analysis published on 09/07/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Bullish

Underlying: Strongly bullish

Technical indicators

61%

11%

28%

My opinion

Bullish above 33.181 HUF

My targets

34.645 HUF (+0.754)

35.055 HUF (+1.164)

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 33.181 HUF. The buyers' bullish objective is set at 34.645 HUF. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 35.055 HUF. If there is any crossing, the next objective would be the resistance located at 36.567 HUF. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.

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

6.3

Comment on the analysis

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

NOK/HUF rating 33.891 HUF. On the day, this instrument lost -0.01% with the lowest point at 33.864 HUF and the highest point at 33.971 HUF. The deviation from the price is +0.08% for the low point and -0.24% for the high point.

33.864

33.971

33.891

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bearish opening

Type : Bearish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by NOK/HUF:

The Central Records scanner for higher/lower results shows an item:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in Daily of this NOK/HUF chart shows a strongly bullish trend. 82.14% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

The technical indicators are bullish. There is still some doubt about the price increase.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Near resistance of channel

Type : Bearish

Timeframe : Daily

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	30.854	32.049	33.181	33.891	35.055	36.567	38.814
Change (%)	-8.96%	-5.44%	-2.09%	-	+3.43%	+7.90%	+14.53%
Change	-3.037	-1.842	-0.710	-	+1.164	+2.676	+4.923
Level	Intermediate	Major	Major	-	Major	Major	Intermediate

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	33.126	33.336	33.614	33.824	34.102	34.312	34.590
Camarilla	33.759	33.804	33.848	33.893	33.938	33.983	34.027
Woodie	33.161	33.353	33.649	33.841	34.137	34.329	34.625
Fibonacci	33.336	33.522	33.637	33.824	34.010	34.125	34.312

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	32.187	32.454	32.941	33.208	33.695	33.962	34.449
Camarilla	33.220	33.289	33.358	33.427	33.496	33.565	33.634
Woodie	32.296	32.509	33.050	33.263	33.804	34.017	34.558
Fibonacci	32.454	32.742	32.920	33.208	33.496	33.674	33.962

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	29.569	31.145	32.107	33.683	34.645	36.221	37.183
Camarilla	32.370	32.603	32.835	33.068	33.301	33.533	33.766
Woodie	29.261	30.992	31.799	33.530	34.337	36.068	36.875
Fibonacci	31.145	32.115	32.714	33.683	34.653	35.252	36.221

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):	58.35
MACD (12,26,9):	-0.0040
Directional Movement:	4.983
AROON (14):	28.571
DEMA (21):	33.478
Parabolic SAR (0,02-0,02-0,2):	32.855
Elder Ray (13):	0.426
Super Trend (3,10):	34.098
Zig ZAG (10):	33.930
VORTEX (21):	0.9230
Stochastique (14,3,5):	91.40
TEMA (21):	33.380
Williams %R (14):	-7.09
Chande Momentum Oscillator (20):	0.714
Repulse (5,40,3):	1.6460
ROCnROLL:	1
TRIX (15,9):	-0.0480
Courbe Coppock:	0.20

MA7:	33.443
MA20:	33.351
MA50:	33.574
MA100:	32.647
MAexp7:	33.585
MAexp20:	33.501
MAexp50:	33.371
MAexp100:	33.406
Price / MA7:	+1.34%
Price / MA20:	+1.62%
Price / MA50:	+0.94%
Price / MA100:	+3.81%
Price / MAexp7:	+0.90%
Price / MAexp20:	+1.15%
Price / MAexp50:	+1.55%
Price / MAexp100:	+1.44%

Quotes : - Real time data - Forex

This member declared not having a position on this financial instrument or a related financial instrument.

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