NOK/SGD

- SGD (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Forex
Ticker:	NOKSGD
ISIN:

NOK/SGD - Daily - Technical analysis published on 06/02/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

39%

50%

11%

My opinion

Bearish under 0.1235 SGD

My targets

0.1191 SGD (-0.0028)

0.1160 SGD (-0.0059)

My analysis

NOK/SGD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 0.1235 SGD. The next support located at 0.1191 SGD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 0.1160 SGD. Below this support, sellers could then target 0.1122 SGD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.

In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.

Force

6.4

Comment on the analysis

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:

Additional analysis

Quotes

NOK/SGD rating 0.1219 SGD. The price registered an increase of +0.08% on the session and was traded between 0.1218 SGD and 0.1219 SGD over the period. The price is currently at +0.08% from its lowest and 0% from its highest.

0.1218

0.1219

A study of price movements over other periods shows the following variations:

The Central Records scanner for higher/lower results shows the following items:

Near a new LOW record (5 years)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 year)

Type : Bearish

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

A technical analysis in Daily of this NOK/SGD chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 7 are bullish, 2 are neutral and 9 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

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 : Daily

Near support of channel

Type : Bullish

Timeframe : Daily

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	Price	R1	R2	R3
ProTrendLines	0.1219	0.1235	0.1265	0.1319
Change (%)	-	+1.31%	+3.77%	+8.20%
Change	-	+0.0016	+0.0046	+0.0100
Level	-	Major	Major	Minor

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	0.1182	0.1195	0.1206	0.1219	0.1230	0.1243	0.1254
Camarilla	0.1211	0.1214	0.1216	0.1218	0.1220	0.1222	0.1225
Woodie	0.1182	0.1195	0.1206	0.1219	0.1230	0.1243	0.1254
Fibonacci	0.1195	0.1204	0.1210	0.1219	0.1228	0.1234	0.1243

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.1178	0.1198	0.1209	0.1229	0.1240	0.1260	0.1271
Camarilla	0.1211	0.1213	0.1216	0.1219	0.1222	0.1225	0.1228
Woodie	0.1173	0.1196	0.1204	0.1227	0.1235	0.1258	0.1266
Fibonacci	0.1198	0.1210	0.1218	0.1229	0.1241	0.1249	0.1260

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.1122	0.1160	0.1191	0.1229	0.1260	0.1298	0.1329
Camarilla	0.1202	0.1208	0.1215	0.1221	0.1227	0.1234	0.1240
Woodie	0.1118	0.1158	0.1187	0.1227	0.1256	0.1296	0.1325
Fibonacci	0.1160	0.1187	0.1203	0.1229	0.1256	0.1272	0.1298

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):	38.26
MACD (12,26,9):	-0.0011
Directional Movement:	-8.6932
AROON (14):	-85.7143
DEMA (21):	0.1218
Parabolic SAR (0,02-0,02-0,2):	0.1231
Elder Ray (13):	-0.0008
Super Trend (3,10):	0.1251
Zig ZAG (10):	0.1219
VORTEX (21):	0.9481
Stochastique (14,3,5):	32.28
TEMA (21):	0.1214
Williams %R (14):	-68.25
Chande Momentum Oscillator (20):	-0.0027
Repulse (5,40,3):	0.2032
ROCnROLL:	2
TRIX (15,9):	-0.1126
Courbe Coppock:	5.19

MA7:	0.1218
MA20:	0.1236
MA50:	0.1254
MA100:	0.1276
MAexp7:	0.1221
MAexp20:	0.1232
MAexp50:	0.1250
MAexp100:	0.1275
Price / MA7:	+0.08%
Price / MA20:	-1.38%
Price / MA50:	-2.79%
Price / MA100:	-4.47%
Price / MAexp7:	-0.16%
Price / MAexp20:	-1.06%
Price / MAexp50:	-2.48%
Price / MAexp100:	-4.39%

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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