NOK/HUF
NOK HUF
- HUF (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: NOKHUF
ISIN:

NOK/HUF - 1H - Technical analysis published on 02/14/2024 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

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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

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:
15 min. Daily Weekly

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.

Central Gaps

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:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

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:

Central Indicators

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

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Central Indicators

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:

Central Patterns

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:

Central Candlesticks

Bullish engulfing lines

Type : Bullish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
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
Standard33.24333.53433.69833.98934.15334.44434.608
Camarilla33.73633.77833.81933.86133.90333.94433.986
Woodie33.17933.50233.63433.95734.08934.41234.544
Fibonacci33.53433.70833.81633.98934.16334.27134.444


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard32.95433.22533.62533.89634.29634.56734.967
Camarilla33.84033.90133.96334.02434.08634.14734.209
Woodie33.01833.25733.68933.92834.36034.59935.031
Fibonacci33.22533.48233.64033.89634.15334.31134.567


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard31.59932.36433.06733.83234.53535.30036.003
Camarilla33.36633.50133.63533.77033.90534.03934.174
Woodie31.56832.34933.03633.81734.50435.28535.972
Fibonacci32.36432.92533.27133.83234.39334.73935.300

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.

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