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

NOK/SGD - 1H - Technical analysis published on 05/02/2024 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Bullish
Underlying: Slightly bullish
Technical indicators
67%
11%
22%
My opinion
Bullish above 0.1229 SGD
My targets
0.1239 SGD (+0.0006)
0.1243 SGD (+0.0010)
My analysis
The basic trend is currently slightly bullish on NOK/SGD and the short term does not seem to show any sign of improvement. Buyers are struggling to get their hands on this instrument. However, as long as the price remains above 0.1229 SGD, purchases could be favourable. The first bullish objective would be the resistance located at 0.1239 SGD. Then the price could move towards 0.1243 SGD. Then 0.1246 SGD by extension. A return under the support to 0.1229 SGD could jeopardize this fragile bullish trend. Indecision would then be total and in this case you could keep away.

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
3.4

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.

Londinia
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The NOK/SGD price is 0.1233 SGD. The price registered a decrease of -0.08% on the session with the lowest point at 0.1225 SGD and the highest point at 0.1234 SGD. The deviation from the price is +0.65% for the low point and -0.08% for the high point.

0.1225
0.1234
0.1233

Here is a more detailed summary of the historical variations registered by NOK/SGD:
The Central Records scanner for higher/lower results shows the following items:

Central Records

Near a new LOW record (5 years)

Type : Bearish

Timeframe : Weekly


Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly


New LOW record (1st january)

Type : Bearish

Timeframe : Weekly


Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly


New LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of this 1H chart of NOK/SGD indicates that the overall trend is slightly bullish. 46.43% of the signals given by moving averages are bullish. The overall trend remains fragile, as do the slightly bullish signals given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:

Central Indicators

Bullish price crossover with Moving Average 100

Type : Bullish

Timeframe : 1 hour



The probability of a further increase are moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

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

Aroon indicator bullish trend

Type : Bullish

Timeframe : 1 hour



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour


Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour


Resistance of triangle is broken

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


S3S2S1PriceR1R2R3
ProTrendLines 0.1226 0.1229 0.1232 0.1233 0.1239 0.1243 0.1246
Change (%) -0.57% -0.32% -0.08% - +0.49% +0.81% +1.05%
Change -0.0007 -0.0004 -0.0001 - +0.0006 +0.0010 +0.0013
Level Minor Minor Intermediate - Major Minor Minor



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.12180.12220.12280.12320.12380.12420.1248
Camarilla0.12310.12320.12330.12340.12350.12360.1237
Woodie0.12190.12230.12290.12330.12390.12430.1249
Fibonacci0.12220.12260.12280.12320.12360.12380.1242


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.12100.12210.12280.12390.12460.12570.1264
Camarilla0.12300.12320.12330.12350.12370.12380.1240
Woodie0.12080.12200.12260.12380.12440.12560.1262
Fibonacci0.12210.12280.12320.12390.12460.12500.1257


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.11790.12030.12160.12400.12530.12770.1290
Camarilla0.12180.12210.12250.12280.12310.12350.1238
Woodie0.11730.12000.12100.12370.12470.12740.1284
Fibonacci0.12030.12180.12260.12400.12550.12630.1277

Numerical data


The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators
Moving averages

RSI (14): 60.79
MACD (12,26,9): 0.0000
Directional Movement: 0.3197
AROON (14): 21.4286
DEMA (21): 0.1231
Parabolic SAR (0,02-0,02-0,2): 0.1227
Elder Ray (13): 0.0002
Super Trend (3,10): 0.1227
Zig ZAG (10): 0.1233
VORTEX (21): 1.0000
Stochastique (14,3,5): 91.67
TEMA (21): 0.1232
Williams %R (14): 0.00
Chande Momentum Oscillator (20): 0.0007
Repulse (5,40,3): 0.0677
ROCnROLL: 1
TRIX (15,9): -0.0014
Courbe Coppock: 0.23
MA7: 0.1235
MA20: 0.1243
MA50: 0.1255
MA100: 0.1268
MAexp7: 0.1232
MAexp20: 0.1231
MAexp50: 0.1231
MAexp100: 0.1232
Price / MA7: -0.16%
Price / MA20: -0.80%
Price / MA50: -1.75%
Price / MA100: -2.76%
Price / MAexp7: +0.08%
Price / MAexp20: +0.16%
Price / MAexp50: +0.16%
Price / MAexp100: +0.08%

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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Londinia AI

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