Londinia Opportunities Analyses - 01/23/2025 (GMT) NOK/HKD - 1H

- HKD (-)

- Real time data - Forex

Type:	Forex
Ticker:	NOKHKD
ISIN:

Londinia

I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.

FX/Indices
Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Bullish

Underlying: Strongly bullish

Technical indicators

50%

17%

33%

My opinion

Bullish above 0.6897 HKD

My targets

0.6929 HKD (+0.0016)

0.6977 HKD (+0.0064)

My analysis

The basic bullish trend is very strong on NOK/HKD but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 0.6897 HKD. Crossing the first resistance at 0.6929 HKD would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 0.6977 HKD as an objective. Crossing it would then enable buyers to target 0.7075 HKD. Caution, a return to below 0.6897 HKD would be a sign of a consolidation phase in the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

6.4

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Additional analysis

Quotes

The NOK/HKD rating is 0.6913 HKD. The price registered an increase of +0.15% on the session with the lowest point at 0.6886 HKD and the highest point at 0.6915 HKD. The deviation from the price is +0.39% for the low point and -0.03% for the high point.

0.6886

0.6915

0.6913

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

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

The Central Records scanner for higher/lower results shows the following items:

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 NOK/HKD in 1H shows a strongly overall bullish trend. The signals given by moving averages are 89.29% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:

Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : 1 hour

An assessment of technical indicators shows a slightly bullish signal.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Parabolic SAR indicator bearish reversal

Type : Bearish

Timeframe : 1 hour

Momentum indicator is back under 0

Type : Bearish

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:

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:

Bullish engulfing lines

Type : Bullish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.6839	0.6881	0.6897	0.6913	0.6914	0.6929	0.6977
Change (%)	-1.07%	-0.46%	-0.23%	-	+0.01%	+0.23%	+0.93%
Change	-0.0074	-0.0032	-0.0016	-	+0.0001	+0.0016	+0.0064
Level	Minor	Minor	Major	-	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	0.6813	0.6842	0.6872	0.6901	0.6931	0.6960	0.6990
Camarilla	0.6887	0.6892	0.6898	0.6903	0.6908	0.6914	0.6919
Woodie	0.6815	0.6842	0.6874	0.6901	0.6933	0.6960	0.6992
Fibonacci	0.6842	0.6864	0.6878	0.6901	0.6923	0.6937	0.6960

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.6594	0.6674	0.6736	0.6816	0.6878	0.6958	0.7020
Camarilla	0.6759	0.6772	0.6785	0.6798	0.6811	0.6824	0.6837
Woodie	0.6585	0.6670	0.6727	0.6812	0.6869	0.6954	0.7011
Fibonacci	0.6674	0.6728	0.6762	0.6816	0.6870	0.6904	0.6958

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.6408	0.6589	0.6706	0.6887	0.7004	0.7185	0.7302
Camarilla	0.6741	0.6768	0.6796	0.6823	0.6850	0.6878	0.6905
Woodie	0.6376	0.6573	0.6674	0.6871	0.6972	0.7169	0.7270
Fibonacci	0.6589	0.6703	0.6773	0.6887	0.7001	0.7071	0.7185

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):	57.04
MACD (12,26,9):	0.0002
Directional Movement:	-5.4748
AROON (14):	35.7143
DEMA (21):	0.6907
Parabolic SAR (0,02-0,02-0,2):	0.6892
Elder Ray (13):	0.0003
Super Trend (3,10):	0.6882
Zig ZAG (10):	0.6905
VORTEX (21):	0.9647
Stochastique (14,3,5):	70.24
TEMA (21):	0.6903
Williams %R (14):	-39.29
Chande Momentum Oscillator (20):	-0.0001
Repulse (5,40,3):	-0.0978
ROCnROLL:	-1
TRIX (15,9):	0.0037
Courbe Coppock:	0.02

MA7:	0.6872
MA20:	0.6848
MA50:	0.6928
MA100:	0.7074
MAexp7:	0.6904
MAexp20:	0.6903
MAexp50:	0.6894
MAexp100:	0.6879
Price / MA7:	+0.60%
Price / MA20:	+0.95%
Price / MA50:	-0.22%
Price / MA100:	-2.28%
Price / MAexp7:	+0.13%
Price / MAexp20:	+0.14%
Price / MAexp50:	+0.28%
Price / MAexp100:	+0.49%

Quotes : - Real time data - Forex