Londinia Opportunities Analyses - 11/19/2024 (GMT) NOK/SGD - 1H

- SGD (-)

- Real time data - Forex

Type:	Forex
Ticker:	NOKSGD
ISIN:

Londinia

I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.

FX/Indices
Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

78%

17%

My opinion

Bullish above 0.1212 SGD

My targets

0.1231 SGD (+0.0012)

0.1244 SGD (+0.0025)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on NOK/SGD as long as the price remains well above 0.1212 SGD. The buyers' bullish objective is set at 0.1231 SGD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.1244 SGD. If there is any crossing, the next objective would be the resistance located at 0.1263 SGD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

8.4

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Additional analysis

Quotes

The NOK/SGD rating is 0.1219 SGD. The price registered an increase of +0.25% on the session with the lowest point at 0.1211 SGD and the highest point at 0.1219 SGD. The deviation from the price is +0.66% for the low point and 0% for the high point.

0.1211

0.1219

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

The study of the highest / lowest by the Central Records scanner shows the following results:

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 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. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:

Bullish trend reversal : Moving Average 20

Type : Bullish

Timeframe : 1 hour

In fact, 14 technical indicators on 18 studied are currently bullish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Near horizontal support

Type : Bullish

Timeframe : 1 hour

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.1203	0.1209	0.1212	0.1219	0.1220	0.1244	0.1263
Change (%)	-1.31%	-0.82%	-0.57%	-	+0.08%	+2.05%	+3.61%
Change	-0.0016	-0.0010	-0.0007	-	+0.0001	+0.0025	+0.0044
Level	Minor	Major	Minor	-	Intermediate	Minor	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	0.1199	0.1203	0.1210	0.1214	0.1221	0.1225	0.1232
Camarilla	0.1213	0.1214	0.1215	0.1216	0.1217	0.1218	0.1219
Woodie	0.1200	0.1204	0.1211	0.1215	0.1222	0.1226	0.1233
Fibonacci	0.1203	0.1208	0.1210	0.1214	0.1219	0.1221	0.1225

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.1189	0.1195	0.1203	0.1209	0.1217	0.1223	0.1231
Camarilla	0.1207	0.1208	0.1210	0.1211	0.1212	0.1214	0.1215
Woodie	0.1190	0.1196	0.1204	0.1210	0.1218	0.1224	0.1232
Fibonacci	0.1195	0.1200	0.1204	0.1209	0.1214	0.1218	0.1223

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.1159	0.1178	0.1189	0.1208	0.1219	0.1238	0.1249
Camarilla	0.1192	0.1195	0.1197	0.1200	0.1203	0.1206	0.1208
Woodie	0.1155	0.1176	0.1185	0.1206	0.1215	0.1236	0.1245
Fibonacci	0.1178	0.1190	0.1197	0.1208	0.1220	0.1227	0.1238

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):	63.17
MACD (12,26,9):	0.0001
Directional Movement:	6.7705
AROON (14):	35.7143
DEMA (21):	0.1216
Parabolic SAR (0,02-0,02-0,2):	0.1211
Elder Ray (13):	0.0002
Super Trend (3,10):	0.1211
Zig ZAG (10):	0.1218
VORTEX (21):	1.0227
Stochastique (14,3,5):	76.79
TEMA (21):	0.1216
Williams %R (14):	0.00
Chande Momentum Oscillator (20):	0.0002
Repulse (5,40,3):	0.4684
ROCnROLL:	1
TRIX (15,9):	0.0082
Courbe Coppock:	0.18

MA7:	0.1211
MA20:	0.1206
MA50:	0.1213
MA100:	0.1224
MAexp7:	0.1216
MAexp20:	0.1215
MAexp50:	0.1214
MAexp100:	0.1212
Price / MA7:	+0.66%
Price / MA20:	+1.08%
Price / MA50:	+0.49%
Price / MA100:	-0.41%
Price / MAexp7:	+0.25%
Price / MAexp20:	+0.33%
Price / MAexp50:	+0.41%
Price / MAexp100:	+0.58%

Quotes : - Real time data - Forex