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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 07/03/2024 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 0.1281 SGD
My targets
0.1286 SGD (+0.0003)
0.1297 SGD (+0.0014)
My analysis
NOK/SGD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 0.1281 SGD. The next resistance located at 0.1286 SGD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 0.1297 SGD. After this resistance, buyers could then target 0.1306 SGD. With the current pattern, you will need to monitor for possible bullish 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 bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

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
8.6

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.

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15 min. Daily Weekly

Additional analysis

Quotes

NOK/SGD rating 0.1283 SGD. On the day, this instrument gained +0.94% with the lowest point at 0.1270 SGD and the highest point at 0.1284 SGD. The deviation from the price is +1.02% for the low point and -0.08% for the high point.

0.1270
0.1284
0.1283

Here is a more detailed summary of the historical variations registered by NOK/SGD:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

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 LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of this 1H chart of NOK/SGD indicates that the overall trend is strongly bullish. 85.71% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:

Central Indicators

Moving Average bullish crossovers : MA50 & MA100

Type : Bullish

Timeframe : 1 hour


Moving Average bullish crossovers : AMA50 & AMA100

Type : Bullish

Timeframe : 1 hour



In fact, according to the parameters integrated into the Central Analyzer system, 16 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly


Pivot points : price is over resistance 3

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:

Central Patterns

Near horizontal resistance

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


S3S2S1PriceR1R2R3
ProTrendLines 0.1275 0.1278 0.1281 0.1283 0.1286 0.1306 0.1428
Change (%) -0.62% -0.39% -0.16% - +0.23% +1.79% +11.30%
Change -0.0008 -0.0005 -0.0002 - +0.0003 +0.0023 +0.0145
Level Intermediate Major Major - Intermediate Intermediate 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
Standard0.12590.12620.12670.12700.12750.12780.1283
Camarilla0.12690.12700.12700.12710.12720.12730.1273
Woodie0.12590.12630.12670.12710.12750.12790.1283
Fibonacci0.12620.12650.12670.12700.12730.12750.1278


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.12460.12580.12630.12750.12800.12920.1297
Camarilla0.12640.12660.12670.12690.12710.12720.1274
Woodie0.12440.12560.12610.12730.12780.12900.1295
Fibonacci0.12580.12640.12680.12750.12810.12850.1292


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.12230.12400.12550.12720.12870.13040.1319
Camarilla0.12600.12630.12660.12690.12720.12750.1278
Woodie0.12210.12400.12530.12720.12850.13040.1317
Fibonacci0.12400.12530.12600.12720.12850.12920.1304

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): 79.48
MACD (12,26,9): 0.0003
Directional Movement: 25.4616
AROON (14): 64.2857
DEMA (21): 0.1279
Parabolic SAR (0,02-0,02-0,2): 0.1274
Elder Ray (13): 0.0006
Super Trend (3,10): 0.1276
Zig ZAG (10): 0.1283
VORTEX (21): 1.3023
Stochastique (14,3,5): 95.24
TEMA (21): 0.1281
Williams %R (14): -7.14
Chande Momentum Oscillator (20): 0.0012
Repulse (5,40,3): 0.4448
ROCnROLL: 1
TRIX (15,9): 0.0155
Courbe Coppock: 1.31
MA7: 0.1274
MA20: 0.1274
MA50: 0.1264
MA100: 0.1262
MAexp7: 0.1280
MAexp20: 0.1276
MAexp50: 0.1274
MAexp100: 0.1274
Price / MA7: +0.71%
Price / MA20: +0.71%
Price / MA50: +1.50%
Price / MA100: +1.66%
Price / MAexp7: +0.23%
Price / MAexp20: +0.55%
Price / MAexp50: +0.71%
Price / MAexp100: +0.71%

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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Londinia AI

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