Londinia Opportunities Analyses - 01/02/2025 (GMT) NOK/HUF - 1H
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%
0%
22%
My opinion
Bullish above 35.270 HUF
My targets
35.728 HUF (+0.278)
35.869 HUF (+0.419)
My analysis
NOK/HUF 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 35.270 HUF. The next resistance located at 35.728 HUF 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 35.869 HUF. After this resistance, buyers could then target 36.567 HUF. 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.
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
0
10
8.6
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Additional analysis
Quotes
The NOK/HUF price is 35.450 HUF. On the day, this instrument gained +1.65% with the lowest point at 34.833 HUF and the highest point at 35.464 HUF. The deviation from the price is +1.77% for the low point and -0.04% for the high point.34.833
35.464
35.450
Here is a more detailed summary of the historical variations registered by NOK/HUF:
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 HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of NOK/HUF in 1H shows a strongly overall bullish trend. 92.86% 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. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
The Central Indicators scanner found this result concerning these indicators:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
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 | 35.005 | 35.102 | 35.270 | 35.450 | 35.728 | 36.567 | 38.814 |
| Change (%) | -1.26% | -0.98% | -0.51% | - | +0.78% | +3.15% | +9.49% |
| Change | -0.445 | -0.348 | -0.180 | - | +0.278 | +1.117 | +3.364 |
| Level | Intermediate | Major | Minor | - | Minor | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 34.616 | 34.728 | 34.801 | 34.913 | 34.986 | 35.098 | 35.171 |
| Camarilla | 34.824 | 34.841 | 34.858 | 34.875 | 34.892 | 34.909 | 34.926 |
| Woodie | 34.598 | 34.718 | 34.783 | 34.903 | 34.968 | 35.088 | 35.153 |
| Fibonacci | 34.728 | 34.798 | 34.842 | 34.913 | 34.983 | 35.027 | 35.098 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 33.679 | 34.110 | 34.409 | 34.840 | 35.139 | 35.570 | 35.869 |
| Camarilla | 34.508 | 34.575 | 34.642 | 34.709 | 34.776 | 34.843 | 34.910 |
| Woodie | 33.614 | 34.077 | 34.344 | 34.807 | 35.074 | 35.537 | 35.804 |
| Fibonacci | 34.110 | 34.389 | 34.561 | 34.840 | 35.119 | 35.291 | 35.570 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 33.158 | 33.849 | 34.383 | 35.074 | 35.608 | 36.299 | 36.833 |
| Camarilla | 34.580 | 34.692 | 34.805 | 34.917 | 35.029 | 35.142 | 35.254 |
| Woodie | 33.080 | 33.810 | 34.305 | 35.035 | 35.530 | 36.260 | 36.755 |
| Fibonacci | 33.849 | 34.317 | 34.606 | 35.074 | 35.542 | 35.831 | 36.299 |
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): | 87.99 | |
| MACD (12,26,9): | 0.1190 | |
| Directional Movement: | 41.748 | |
| AROON (14): | 64.286 | |
| DEMA (21): | 35.244 | |
| Parabolic SAR (0,02-0,02-0,2): | 35.053 | |
| Elder Ray (13): | 0.249 | |
| Super Trend (3,10): | 35.203 | |
| Zig ZAG (10): | 35.417 | |
| VORTEX (21): | 1.3220 | |
| Stochastique (14,3,5): | 95.05 | |
| TEMA (21): | 35.334 | |
| Williams %R (14): | -8.55 | |
| Chande Momentum Oscillator (20): | 0.508 | |
| Repulse (5,40,3): | 0.3710 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0260 | |
| Courbe Coppock: | 2.10 |
| MA7: | 34.890 | |
| MA20: | 34.972 | |
| MA50: | 34.871 | |
| MA100: | 34.287 | |
| MAexp7: | 35.286 | |
| MAexp20: | 35.115 | |
| MAexp50: | 34.997 | |
| MAexp100: | 34.925 | |
| Price / MA7: | +1.61% | |
| Price / MA20: | +1.37% | |
| Price / MA50: | +1.66% | |
| Price / MA100: | +3.39% | |
| Price / MAexp7: | +0.46% | |
| Price / MAexp20: | +0.95% | |
| Price / MAexp50: | +1.29% | |
| Price / MAexp100: | +1.50% |
Quotes :
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Real time data
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Forex