NOK/HUF - 1H - Technical analysis published on 10/03/2023 (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 bearish
Underlying:
Strongly bearish
Technical indicators
33%
28%
39%
My opinion
Bearish under 34.415 HUF
My targets
34.101 HUF (-0.069)
33.823 HUF (-0.347)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on NOK/HUF as long as the price remains well below 34.415 HUF. The sellers' bearish objective is set at 34.101 HUF. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 33.823 HUF. In case of crossing, the next objective would be the support located at 33.654 HUF. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
4.8
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 price is 34.170 HUF. On the day, this instrument lost -0.01% and was between 34.140 HUF and 34.196 HUF. This implies that the price is at +0.09% from its lowest and at -0.08% from its highest.34.140
34.196
34.170
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
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 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this NOK/HUF chart shows a sharp bearish trend. 82.14% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
The Central Indicators scanner found this result concerning these indicators:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Near support of channel
Type : Bullish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact 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 | 33.654 | 33.823 | 34.101 | 34.170 | 34.452 | 34.688 | 35.079 |
| Change (%) | -1.51% | -1.02% | -0.20% | - | +0.83% | +1.52% | +2.66% |
| Change | -0.516 | -0.347 | -0.069 | - | +0.282 | +0.518 | +0.909 |
| Level | Minor | Major | Intermediate | - | 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 | 33.602 | 33.850 | 34.011 | 34.259 | 34.420 | 34.668 | 34.829 |
| Camarilla | 34.061 | 34.098 | 34.136 | 34.173 | 34.211 | 34.248 | 34.286 |
| Woodie | 33.560 | 33.828 | 33.969 | 34.237 | 34.378 | 34.646 | 34.787 |
| Fibonacci | 33.850 | 34.006 | 34.102 | 34.259 | 34.415 | 34.511 | 34.668 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 32.648 | 33.230 | 33.833 | 34.415 | 35.018 | 35.600 | 36.203 |
| Camarilla | 34.109 | 34.218 | 34.326 | 34.435 | 34.544 | 34.652 | 34.761 |
| Woodie | 32.658 | 33.235 | 33.843 | 34.420 | 35.028 | 35.605 | 36.213 |
| Fibonacci | 33.230 | 33.683 | 33.963 | 34.415 | 34.868 | 35.148 | 35.600 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 31.258 | 32.118 | 33.277 | 34.137 | 35.296 | 36.156 | 37.315 |
| Camarilla | 33.880 | 34.065 | 34.250 | 34.435 | 34.620 | 34.805 | 34.990 |
| Woodie | 31.407 | 32.193 | 33.426 | 34.212 | 35.445 | 36.231 | 37.464 |
| Fibonacci | 32.118 | 32.890 | 33.366 | 34.137 | 34.909 | 35.385 | 36.156 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 35.98 | |
| MACD (12,26,9): | -0.0640 | |
| Directional Movement: | -3.350 | |
| AROON (14): | -28.571 | |
| DEMA (21): | 34.126 | |
| Parabolic SAR (0,02-0,02-0,2): | 34.225 | |
| Elder Ray (13): | -0.016 | |
| Super Trend (3,10): | 34.377 | |
| Zig ZAG (10): | 34.169 | |
| VORTEX (21): | 0.9030 | |
| Stochastique (14,3,5): | 30.36 | |
| TEMA (21): | 34.130 | |
| Williams %R (14): | -60.54 | |
| Chande Momentum Oscillator (20): | -0.018 | |
| Repulse (5,40,3): | -0.0110 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0320 | |
| Courbe Coppock: | 0.63 |
| MA7: | 34.336 | |
| MA20: | 33.851 | |
| MA50: | 33.816 | |
| MA100: | 32.993 | |
| MAexp7: | 34.170 | |
| MAexp20: | 34.218 | |
| MAexp50: | 34.333 | |
| MAexp100: | 34.347 | |
| Price / MA7: | -0.48% | |
| Price / MA20: | +0.94% | |
| Price / MA50: | +1.05% | |
| Price / MA100: | +3.57% | |
| Price / MAexp7: | -0% | |
| Price / MAexp20: | -0.14% | |
| Price / MAexp50: | -0.47% | |
| Price / MAexp100: | -0.52% |
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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