NOK/SGD - 1H - Technical analysis published on 08/04/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bullish
Technical indicators
72%
11%
17%
My opinion
Bullish above 0.1309 SGD
My targets
0.1316 SGD (+0.0003)
0.1320 SGD (+0.0007)
My analysis
All elements being rather bullish, it would be possible for traders to only trade long positions (at the time of purchase) on NOK/SGD as long as the price remains well above 0.1309 SGD. The buyers' bullish objective is set at 0.1316 SGD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.1320 SGD. If there is any crossing, the next objective would be the resistance located at 0.1325 SGD. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bullish, basic trend. If you have another key point closer to the current price, it would be better to only trade long positions (at the time of purchase) above that key point.
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
6.3
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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/SGD price is 0.1313 SGD. The price has increased by +0.23% since the last closing and was traded between 0.1310 SGD and 0.1314 SGD over the period. The price is currently at +0.23% from its lowest and -0.08% from its highest.0.1310
0.1314
0.1313
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this NOK/SGD chart shows a bullish trend. 71.43% of the signals given by moving averages are bullish. The overall trend seems to be showing some signs of weakness, as do the tentative bullish signals given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish trend reversal : Moving Average 50
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.1303 | 0.1309 | 0.1313 | 0.1313 | 0.1316 | 0.1320 | 0.1325 |
| Change (%) | -0.76% | -0.30% | 0% | - | +0.23% | +0.53% | +0.91% |
| Change | -0.0010 | -0.0004 | 0 | - | +0.0003 | +0.0007 | +0.0012 |
| Level | Intermediate | Minor | Intermediate | - | Minor | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.1289 | 0.1295 | 0.1302 | 0.1308 | 0.1315 | 0.1321 | 0.1328 |
| Camarilla | 0.1306 | 0.1308 | 0.1309 | 0.1310 | 0.1311 | 0.1312 | 0.1314 |
| Woodie | 0.1291 | 0.1295 | 0.1304 | 0.1308 | 0.1317 | 0.1321 | 0.1330 |
| Fibonacci | 0.1295 | 0.1300 | 0.1303 | 0.1308 | 0.1313 | 0.1316 | 0.1321 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.1272 | 0.1288 | 0.1296 | 0.1312 | 0.1320 | 0.1336 | 0.1344 |
| Camarilla | 0.1298 | 0.1301 | 0.1303 | 0.1305 | 0.1307 | 0.1309 | 0.1312 |
| Woodie | 0.1269 | 0.1286 | 0.1293 | 0.1310 | 0.1317 | 0.1334 | 0.1341 |
| Fibonacci | 0.1288 | 0.1297 | 0.1303 | 0.1312 | 0.1321 | 0.1327 | 0.1336 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.1181 | 0.1215 | 0.1264 | 0.1298 | 0.1347 | 0.1381 | 0.1430 |
| Camarilla | 0.1290 | 0.1298 | 0.1305 | 0.1313 | 0.1321 | 0.1328 | 0.1336 |
| Woodie | 0.1189 | 0.1219 | 0.1272 | 0.1302 | 0.1355 | 0.1385 | 0.1438 |
| Fibonacci | 0.1215 | 0.1247 | 0.1266 | 0.1298 | 0.1330 | 0.1349 | 0.1381 |
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): | 59.90 | |
| MACD (12,26,9): | 0.0001 | |
| Directional Movement: | 7.1935 | |
| AROON (14): | 78.5714 | |
| DEMA (21): | 0.1311 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.1303 | |
| Elder Ray (13): | 0.0003 | |
| Super Trend (3,10): | 0.1304 | |
| Zig ZAG (10): | 0.1313 | |
| VORTEX (21): | 1.0946 | |
| Stochastique (14,3,5): | 80.56 | |
| TEMA (21): | 0.1312 | |
| Williams %R (14): | -16.67 | |
| Chande Momentum Oscillator (20): | 0.0001 | |
| Repulse (5,40,3): | -0.1130 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0114 | |
| Courbe Coppock: | 0.85 |
| MA7: | 0.1309 | |
| MA20: | 0.1312 | |
| MA50: | 0.1273 | |
| MA100: | 0.1266 | |
| MAexp7: | 0.1311 | |
| MAexp20: | 0.1309 | |
| MAexp50: | 0.1308 | |
| MAexp100: | 0.1309 | |
| Price / MA7: | +0.31% | |
| Price / MA20: | +0.08% | |
| Price / MA50: | +3.14% | |
| Price / MA100: | +3.71% | |
| Price / MAexp7: | +0.15% | |
| Price / MAexp20: | +0.31% | |
| Price / MAexp50: | +0.38% | |
| Price / MAexp100: | +0.31% |
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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