NOK/HUF - 1H - Technical analysis published on 11/17/2023 (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 bullish
Underlying:
Strongly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 32.049 HUF
My targets
32.226 HUF (+0.085)
32.503 HUF (+0.362)
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 32.049 HUF. The buyers' bullish objective is set at 32.226 HUF. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 32.503 HUF. If there is any crossing, the next objective would be the resistance located at 32.774 HUF. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.3
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 32.141 HUF. The price has increased by +1.27% since the last closing and was traded between 31.726 HUF and 32.198 HUF over the period. The price is currently at +1.31% from its lowest and -0.18% from its highest.31.726
32.198
32.141
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:
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
A technical analysis in 1H of this NOK/HUF chart shows a strongly bullish trend. 82.14% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, according to the parameters integrated into the Central Analyzer system, 14 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 31.844 | 31.976 | 32.049 | 32.141 | 32.226 | 32.774 | 33.182 |
| Change (%) | -0.92% | -0.51% | -0.29% | - | +0.26% | +1.97% | +3.24% |
| Change | -0.297 | -0.165 | -0.092 | - | +0.085 | +0.633 | +1.041 |
| Level | Intermediate | Intermediate | Major | - | Intermediate | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 31.093 | 31.403 | 31.570 | 31.880 | 32.047 | 32.357 | 32.524 |
| Camarilla | 31.606 | 31.650 | 31.693 | 31.737 | 31.781 | 31.825 | 31.868 |
| Woodie | 31.022 | 31.367 | 31.499 | 31.844 | 31.976 | 32.321 | 32.453 |
| Fibonacci | 31.403 | 31.585 | 31.698 | 31.880 | 32.062 | 32.175 | 32.357 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 30.765 | 31.123 | 31.455 | 31.813 | 32.145 | 32.503 | 32.835 |
| Camarilla | 31.598 | 31.662 | 31.725 | 31.788 | 31.851 | 31.915 | 31.978 |
| Woodie | 30.753 | 31.117 | 31.443 | 31.807 | 32.133 | 32.497 | 32.823 |
| Fibonacci | 31.123 | 31.386 | 31.549 | 31.813 | 32.076 | 32.239 | 32.503 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 29.131 | 30.637 | 31.494 | 33.000 | 33.857 | 35.363 | 36.220 |
| Camarilla | 31.701 | 31.918 | 32.134 | 32.351 | 32.568 | 32.784 | 33.001 |
| Woodie | 28.807 | 30.475 | 31.170 | 32.838 | 33.533 | 35.201 | 35.896 |
| Fibonacci | 30.637 | 31.540 | 32.097 | 33.000 | 33.903 | 34.460 | 35.363 |
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): | 70.87 | |
| MACD (12,26,9): | 0.0740 | |
| Directional Movement: | 22.573 | |
| AROON (14): | 92.857 | |
| DEMA (21): | 32.061 | |
| Parabolic SAR (0,02-0,02-0,2): | 32.043 | |
| Elder Ray (13): | 0.122 | |
| Super Trend (3,10): | 31.956 | |
| Zig ZAG (10): | 32.131 | |
| VORTEX (21): | 1.2820 | |
| Stochastique (14,3,5): | 92.20 | |
| TEMA (21): | 32.141 | |
| Williams %R (14): | -14.87 | |
| Chande Momentum Oscillator (20): | 0.316 | |
| Repulse (5,40,3): | 0.1000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0140 | |
| Courbe Coppock: | 2.02 |
| MA7: | 31.864 | |
| MA20: | 32.103 | |
| MA50: | 33.039 | |
| MA100: | 33.325 | |
| MAexp7: | 32.098 | |
| MAexp20: | 31.987 | |
| MAexp50: | 31.937 | |
| MAexp100: | 31.903 | |
| Price / MA7: | +0.87% | |
| Price / MA20: | +0.12% | |
| Price / MA50: | -2.72% | |
| Price / MA100: | -3.55% | |
| Price / MAexp7: | +0.13% | |
| Price / MAexp20: | +0.48% | |
| Price / MAexp50: | +0.64% | |
| Price / MAexp100: | +0.75% |
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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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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