NOK/HUF - 1H - Technical analysis published on 05/06/2024 (GMT)
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I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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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:
Neutral
Underlying:
Bullish
Technical indicators
6%
56%
39%
My opinion
Bullish above 33.194 HUF
My targets
33.384 HUF (+0.108)
33.465 HUF (+0.189)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 33.194 HUF remains possible. It is advisable to trade NOK/HUF with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 33.194 HUF. The next bullish objective for buyers is set at 33.384 HUF. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 33.465 HUF. If there is any crossing, the next objective would be the resistance located at 33.543 HUF. PS: if there is a bearish break in the support located at 33.194 HUF we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
In the very short term, technical indicators are in opposition with the general bullish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
0.9
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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 33.276 HUF. The price registered a decrease of -0.03% on the session with the lowest point at 33.252 HUF and the highest point at 33.413 HUF. The deviation from the price is +0.07% for the low point and -0.41% for the high point.33.252
33.413
33.276
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 HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
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 bullish. The signals given by moving averages are 71.43% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. An assessment of moving averages reveals several bearish and bullish signals:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
Technical indicators are bearish. There is still some doubt about the decline in the price.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
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 several results that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
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 | 32.972 | 33.068 | 33.194 | 33.276 | 33.384 | 33.465 | 33.543 |
| Change (%) | -0.91% | -0.63% | -0.25% | - | +0.32% | +0.57% | +0.80% |
| Change | -0.304 | -0.208 | -0.082 | - | +0.108 | +0.189 | +0.267 |
| Level | Intermediate | Intermediate | Major | - | Minor | Intermediate | Major |
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 | 32.651 | 32.811 | 33.049 | 33.209 | 33.447 | 33.607 | 33.845 |
| Camarilla | 33.177 | 33.213 | 33.250 | 33.286 | 33.323 | 33.359 | 33.396 |
| Woodie | 32.689 | 32.831 | 33.087 | 33.229 | 33.485 | 33.627 | 33.883 |
| Fibonacci | 32.811 | 32.963 | 33.057 | 33.209 | 33.361 | 33.455 | 33.607 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 32.304 | 32.539 | 32.913 | 33.148 | 33.522 | 33.757 | 34.131 |
| Camarilla | 33.119 | 33.174 | 33.230 | 33.286 | 33.342 | 33.398 | 33.454 |
| Woodie | 32.373 | 32.574 | 32.982 | 33.183 | 33.591 | 33.792 | 34.200 |
| Fibonacci | 32.539 | 32.772 | 32.916 | 33.148 | 33.381 | 33.525 | 33.757 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 31.561 | 32.241 | 32.602 | 33.282 | 33.643 | 34.323 | 34.684 |
| Camarilla | 32.677 | 32.772 | 32.868 | 32.963 | 33.058 | 33.154 | 33.249 |
| Woodie | 31.402 | 32.161 | 32.443 | 33.202 | 33.484 | 34.243 | 34.525 |
| Fibonacci | 32.241 | 32.639 | 32.884 | 33.282 | 33.680 | 33.925 | 34.323 |
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): | 45.15 | |
| MACD (12,26,9): | 0.0240 | |
| Directional Movement: | -3.114 | |
| AROON (14): | -28.571 | |
| DEMA (21): | 33.360 | |
| Parabolic SAR (0,02-0,02-0,2): | 33.410 | |
| Elder Ray (13): | -0.057 | |
| Super Trend (3,10): | 33.198 | |
| Zig ZAG (10): | 33.267 | |
| VORTEX (21): | 0.9860 | |
| Stochastique (14,3,5): | 20.29 | |
| TEMA (21): | 33.331 | |
| Williams %R (14): | -87.58 | |
| Chande Momentum Oscillator (20): | -0.040 | |
| Repulse (5,40,3): | -0.1550 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0190 | |
| Courbe Coppock: | 0.08 |
| MA7: | 33.157 | |
| MA20: | 33.472 | |
| MA50: | 33.869 | |
| MA100: | 33.865 | |
| MAexp7: | 33.318 | |
| MAexp20: | 33.317 | |
| MAexp50: | 33.238 | |
| MAexp100: | 33.191 | |
| Price / MA7: | +0.36% | |
| Price / MA20: | -0.59% | |
| Price / MA50: | -1.75% | |
| Price / MA100: | -1.74% | |
| Price / MAexp7: | -0.12% | |
| Price / MAexp20: | -0.12% | |
| Price / MAexp50: | +0.12% | |
| Price / MAexp100: | +0.26% |
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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