NOK/HUF - 1H - Technical analysis published on 02/14/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 34.117 HUF
My targets
34.567 HUF (+0.309)
34.734 HUF (+0.476)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on NOK/HUF. This is a positive signal for buyers. As long as the price remains above 34.117 HUF, a purchase could be considered. The first bullish objective is located at 34.567 HUF. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 34.734 HUF as an objective. Crossing it would then enable buyers to target 35.081 HUF. In the event of a return below 34.117 HUF, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.7
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
NOK/HUF rating 34.258 HUF. The price registered an increase of +1.17% on the session and was between 33.836 HUF and 34.293 HUF. This implies that the price is at +1.25% from its lowest and at -0.10% from its highest.33.836
34.293
34.258
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
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 (1 year)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of NOK/HUF indicates that the overall trend is bullish. 78.57% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:
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
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Bullish engulfing lines
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 33.825 | 34.014 | 34.117 | 34.258 | 34.281 | 34.734 | 35.081 |
| Change (%) | -1.26% | -0.71% | -0.41% | - | +0.07% | +1.39% | +2.40% |
| Change | -0.433 | -0.244 | -0.141 | - | +0.023 | +0.476 | +0.823 |
| Level | Major | Minor | Intermediate | - | Minor | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 33.243 | 33.534 | 33.698 | 33.989 | 34.153 | 34.444 | 34.608 |
| Camarilla | 33.736 | 33.778 | 33.819 | 33.861 | 33.903 | 33.944 | 33.986 |
| Woodie | 33.179 | 33.502 | 33.634 | 33.957 | 34.089 | 34.412 | 34.544 |
| Fibonacci | 33.534 | 33.708 | 33.816 | 33.989 | 34.163 | 34.271 | 34.444 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 32.954 | 33.225 | 33.625 | 33.896 | 34.296 | 34.567 | 34.967 |
| Camarilla | 33.840 | 33.901 | 33.963 | 34.024 | 34.086 | 34.147 | 34.209 |
| Woodie | 33.018 | 33.257 | 33.689 | 33.928 | 34.360 | 34.599 | 35.031 |
| Fibonacci | 33.225 | 33.482 | 33.640 | 33.896 | 34.153 | 34.311 | 34.567 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 31.599 | 32.364 | 33.067 | 33.832 | 34.535 | 35.300 | 36.003 |
| Camarilla | 33.366 | 33.501 | 33.635 | 33.770 | 33.905 | 34.039 | 34.174 |
| Woodie | 31.568 | 32.349 | 33.036 | 33.817 | 34.504 | 35.285 | 35.972 |
| Fibonacci | 32.364 | 32.925 | 33.271 | 33.832 | 34.393 | 34.739 | 35.300 |
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): | 72.54 | |
| MACD (12,26,9): | 0.0300 | |
| Directional Movement: | 29.514 | |
| AROON (14): | 71.429 | |
| DEMA (21): | 34.037 | |
| Parabolic SAR (0,02-0,02-0,2): | 33.951 | |
| Elder Ray (13): | 0.193 | |
| Super Trend (3,10): | 34.008 | |
| Zig ZAG (10): | 34.269 | |
| VORTEX (21): | 1.2230 | |
| Stochastique (14,3,5): | 90.55 | |
| TEMA (21): | 34.102 | |
| Williams %R (14): | -4.81 | |
| Chande Momentum Oscillator (20): | 0.413 | |
| Repulse (5,40,3): | 0.5310 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0130 | |
| Courbe Coppock: | 1.35 |
| MA7: | 34.042 | |
| MA20: | 33.905 | |
| MA50: | 33.574 | |
| MA100: | 33.183 | |
| MAexp7: | 34.114 | |
| MAexp20: | 34.024 | |
| MAexp50: | 34.037 | |
| MAexp100: | 34.028 | |
| Price / MA7: | +0.63% | |
| Price / MA20: | +1.04% | |
| Price / MA50: | +2.04% | |
| Price / MA100: | +3.24% | |
| Price / MAexp7: | +0.42% | |
| Price / MAexp20: | +0.69% | |
| Price / MAexp50: | +0.65% | |
| Price / MAexp100: | +0.68% |
Quotes :
-
Real time data
-
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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