NOK/HUF - 1H - Technical analysis published on 01/19/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
50%
11%
39%
My opinion
Bullish above 33.272 HUF
My targets
33.519 HUF (+0.118)
33.599 HUF (+0.198)
My analysis
NOK/HUF is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 33.272 HUF. The next resistance located at 33.519 HUF is the next bullish target to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 33.599 HUF. After this resistance, buyers could then target 33.725 HUF.
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
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.
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Additional analysis
Quotes
The NOK/HUF rating is 33.401 HUF. The price registered an increase of +0.00% on the session and was between 33.389 HUF and 33.419 HUF. This implies that the price is at +0.04% from its lowest and at -0.05% from its highest.33.389
33.419
33.401
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend 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 HIGH record (1st january)
Type : Bullish
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 bullish trend. 67.86% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, only 9 technical indicators out of 18 studied are currently positioned bullish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
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 | 32.774 | 33.129 | 33.272 | 33.401 | 33.519 | 33.599 | 33.725 |
| Change (%) | -1.88% | -0.81% | -0.39% | - | +0.35% | +0.59% | +0.97% |
| Change | -0.627 | -0.272 | -0.129 | - | +0.118 | +0.198 | +0.324 |
| Level | Minor | Intermediate | Intermediate | - | Intermediate | Minor | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 32.907 | 33.031 | 33.216 | 33.340 | 33.525 | 33.649 | 33.834 |
| Camarilla | 33.317 | 33.345 | 33.374 | 33.402 | 33.430 | 33.459 | 33.487 |
| Woodie | 32.939 | 33.046 | 33.248 | 33.355 | 33.557 | 33.664 | 33.866 |
| Fibonacci | 33.031 | 33.149 | 33.222 | 33.340 | 33.458 | 33.531 | 33.649 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 32.678 | 32.904 | 33.274 | 33.500 | 33.870 | 34.096 | 34.466 |
| Camarilla | 33.481 | 33.536 | 33.590 | 33.645 | 33.700 | 33.754 | 33.809 |
| Woodie | 32.751 | 32.940 | 33.347 | 33.536 | 33.943 | 34.132 | 34.539 |
| Fibonacci | 32.904 | 33.131 | 33.272 | 33.500 | 33.727 | 33.868 | 34.096 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 30.575 | 31.344 | 32.737 | 33.506 | 34.899 | 35.668 | 37.061 |
| Camarilla | 33.535 | 33.733 | 33.931 | 34.129 | 34.327 | 34.525 | 34.724 |
| Woodie | 30.886 | 31.500 | 33.048 | 33.662 | 35.210 | 35.824 | 37.372 |
| Fibonacci | 31.344 | 32.170 | 32.680 | 33.506 | 34.332 | 34.842 | 35.668 |
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): | 58.56 | |
| MACD (12,26,9): | 0.0270 | |
| Directional Movement: | 6.861 | |
| AROON (14): | 35.714 | |
| DEMA (21): | 33.408 | |
| Parabolic SAR (0,02-0,02-0,2): | 33.454 | |
| Elder Ray (13): | 0.013 | |
| Super Trend (3,10): | 33.248 | |
| Zig ZAG (10): | 33.403 | |
| VORTEX (21): | 1.1400 | |
| Stochastique (14,3,5): | 64.59 | |
| TEMA (21): | 33.430 | |
| Williams %R (14): | -36.42 | |
| Chande Momentum Oscillator (20): | 0.034 | |
| Repulse (5,40,3): | 0.0020 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0120 | |
| Courbe Coppock: | 0.40 |
| MA7: | 33.430 | |
| MA20: | 33.628 | |
| MA50: | 32.948 | |
| MA100: | 33.113 | |
| MAexp7: | 33.400 | |
| MAexp20: | 33.374 | |
| MAexp50: | 33.357 | |
| MAexp100: | 33.383 | |
| Price / MA7: | -0.09% | |
| Price / MA20: | -0.68% | |
| Price / MA50: | +1.37% | |
| Price / MA100: | +0.87% | |
| Price / MAexp7: | +0.00% | |
| Price / MAexp20: | +0.08% | |
| Price / MAexp50: | +0.13% | |
| Price / MAexp100: | +0.05% |
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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