NOK/HUF - 1H - Technical analysis published on 10/12/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
33%
44%
22%
My opinion
Bearish under 33.569 HUF
My targets
33.282 HUF (-0.212)
33.190 HUF (-0.304)
My analysis
NOK/HUF is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 33.569 HUF. The next support located at 33.282 HUF is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 33.190 HUF. Below this support, sellers could then target 32.049 HUF. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
5.4
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 33.494 HUF. The price registered a decrease of -0.07% on the session and was traded between 33.416 HUF and 33.591 HUF over the period. The price is currently at +0.23% from its lowest and -0.29% from its highest.33.416
33.591
33.494
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by NOK/HUF:
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 bearish. The signals given by moving averages are 82.14% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, of the 18 technical indicators analysed by Central Analyzer, 6 are bullish, 4 are neutral and 8 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near support of channel
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 | 33.190 | 33.282 | 33.469 | 33.494 | 33.569 | 33.823 | 34.147 |
| Change (%) | -0.91% | -0.63% | -0.07% | - | +0.22% | +0.98% | +1.95% |
| Change | -0.304 | -0.212 | -0.025 | - | +0.075 | +0.329 | +0.653 |
| Level | Major | Intermediate | Minor | - | Major | Major | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 32.971 | 33.228 | 33.373 | 33.630 | 33.775 | 34.032 | 34.177 |
| Camarilla | 33.408 | 33.444 | 33.481 | 33.518 | 33.555 | 33.592 | 33.629 |
| Woodie | 32.915 | 33.200 | 33.317 | 33.602 | 33.719 | 34.004 | 34.121 |
| Fibonacci | 33.228 | 33.382 | 33.476 | 33.630 | 33.784 | 33.878 | 34.032 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 31.857 | 32.569 | 33.081 | 33.793 | 34.305 | 35.017 | 35.529 |
| Camarilla | 33.255 | 33.368 | 33.480 | 33.592 | 33.704 | 33.816 | 33.929 |
| Woodie | 31.756 | 32.519 | 32.980 | 33.743 | 34.204 | 34.967 | 35.428 |
| Fibonacci | 32.569 | 33.037 | 33.326 | 33.793 | 34.261 | 34.550 | 35.017 |
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): | 39.89 | |
| MACD (12,26,9): | -0.0380 | |
| Directional Movement: | -6.427 | |
| AROON (14): | -28.571 | |
| DEMA (21): | 33.457 | |
| Parabolic SAR (0,02-0,02-0,2): | 33.571 | |
| Elder Ray (13): | -0.032 | |
| Super Trend (3,10): | 33.650 | |
| Zig ZAG (10): | 33.475 | |
| VORTEX (21): | 0.9620 | |
| Stochastique (14,3,5): | 26.38 | |
| TEMA (21): | 33.471 | |
| Williams %R (14): | -66.86 | |
| Chande Momentum Oscillator (20): | -0.010 | |
| Repulse (5,40,3): | 0.0760 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0190 | |
| Courbe Coppock: | 0.11 |
| MA7: | 33.651 | |
| MA20: | 33.841 | |
| MA50: | 33.692 | |
| MA100: | 33.126 | |
| MAexp7: | 33.489 | |
| MAexp20: | 33.513 | |
| MAexp50: | 33.597 | |
| MAexp100: | 33.675 | |
| Price / MA7: | -0.47% | |
| Price / MA20: | -1.03% | |
| Price / MA50: | -0.59% | |
| Price / MA100: | +1.11% | |
| Price / MAexp7: | +0.01% | |
| Price / MAexp20: | -0.06% | |
| Price / MAexp50: | -0.31% | |
| Price / MAexp100: | -0.54% |
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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