NOK/HUF - 1H - Technical analysis published on 07/08/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
11%
33%
56%
My opinion
Bearish under 34.459 HUF
My targets
34.248 HUF (-0.117)
33.813 HUF (-0.552)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on NOK/HUF as long as the price remains well below 34.459 HUF. The next bearish objective for sellers is set at 34.248 HUF. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 33.813 HUF. If there is any crossing, the next objective would be the support located at 33.188 HUF. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
5.4
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The NOK/HUF price is 34.365 HUF. The price registered a decrease of -0.03% on the session and was traded between 34.106 HUF and 34.520 HUF over the period. The price is currently at +0.76% from its lowest and -0.45% from its highest.34.106
34.520
34.365
The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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 HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of NOK/HUF in 1H shows a overall strongly bearish trend. 82.14% of the signals given by moving averages are bearish. This strongly bearish trend is showing signs of slowing down given the slightly bearish signals given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : 1 hour
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
The presence of these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:
Bullish harami
Type : Bullish
Timeframe : 1 hour
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 33.813 | 34.248 | 34.354 | 34.365 | 34.459 | 34.733 | 34.821 |
| Change (%) | -1.61% | -0.34% | -0.03% | - | +0.27% | +1.07% | +1.33% |
| Change | -0.552 | -0.117 | -0.011 | - | +0.094 | +0.368 | +0.456 |
| Level | Intermediate | Minor | Intermediate | - | Minor | Intermediate | Minor |
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 | 34.100 | 34.174 | 34.274 | 34.348 | 34.448 | 34.522 | 34.622 |
| Camarilla | 34.326 | 34.342 | 34.358 | 34.374 | 34.390 | 34.406 | 34.422 |
| Woodie | 34.113 | 34.181 | 34.287 | 34.355 | 34.461 | 34.529 | 34.635 |
| Fibonacci | 34.174 | 34.241 | 34.282 | 34.348 | 34.415 | 34.456 | 34.522 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 33.703 | 33.975 | 34.175 | 34.447 | 34.647 | 34.919 | 35.119 |
| Camarilla | 34.244 | 34.288 | 34.331 | 34.374 | 34.417 | 34.461 | 34.504 |
| Woodie | 33.666 | 33.957 | 34.138 | 34.429 | 34.610 | 34.901 | 35.082 |
| Fibonacci | 33.975 | 34.156 | 34.267 | 34.447 | 34.628 | 34.739 | 34.919 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 32.168 | 32.951 | 33.757 | 34.540 | 35.346 | 36.129 | 36.935 |
| Camarilla | 34.126 | 34.272 | 34.417 | 34.563 | 34.709 | 34.854 | 35.000 |
| Woodie | 32.180 | 32.957 | 33.769 | 34.546 | 35.358 | 36.135 | 36.947 |
| Fibonacci | 32.951 | 33.558 | 33.933 | 34.540 | 35.147 | 35.522 | 36.129 |
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): | 46.90 | |
| MACD (12,26,9): | 0.0010 | |
| Directional Movement: | -8.703 | |
| AROON (14): | 35.714 | |
| DEMA (21): | 34.376 | |
| Parabolic SAR (0,02-0,02-0,2): | 34.520 | |
| Elder Ray (13): | -0.033 | |
| Super Trend (3,10): | 34.224 | |
| Zig ZAG (10): | 34.350 | |
| VORTEX (21): | 0.9990 | |
| Stochastique (14,3,5): | 39.68 | |
| TEMA (21): | 34.382 | |
| Williams %R (14): | -62.96 | |
| Chande Momentum Oscillator (20): | -0.039 | |
| Repulse (5,40,3): | -0.0210 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0030 | |
| Courbe Coppock: | 0.07 |
| MA7: | 34.470 | |
| MA20: | 34.670 | |
| MA50: | 33.975 | |
| MA100: | 33.973 | |
| MAexp7: | 34.370 | |
| MAexp20: | 34.374 | |
| MAexp50: | 34.387 | |
| MAexp100: | 34.433 | |
| Price / MA7: | -0.30% | |
| Price / MA20: | -0.88% | |
| Price / MA50: | +1.15% | |
| Price / MA100: | +1.15% | |
| Price / MAexp7: | -0.01% | |
| Price / MAexp20: | -0.03% | |
| Price / MAexp50: | -0.06% | |
| Price / MAexp100: | -0.20% |
Quotes :
-
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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