NOK/HKD - 1H - Technical analysis published on 01/31/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
72%
0%
28%
My opinion
Bearish under 0.7864 HKD
My targets
0.7784 HKD (-0.0066)
0.7704 HKD (-0.0146)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 0.7864 HKD remains possible. It is advisable to trade NOK/HKD with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 0.7864 HKD. The next bearish objective for sellers is set at 0.7784 HKD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.7704 HKD. In case of crossing, the next objective would be the support located at 0.7648 HKD. PS: if there is a bullish break in the resistance located at 0.7864 HKD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
0.9
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
NOK/HKD rating 0.7850 HKD. On the day, this instrument lost -0.03% and was traded between 0.7773 HKD and 0.7863 HKD over the period. The price is currently at +0.99% from its lowest and -0.17% from its highest.0.7773
0.7863
0.7850
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this NOK/HKD chart shows a bearish trend. 75.00% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 13 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.7418 | 0.7648 | 0.7850 | 0.7850 | 0.7864 | 0.7896 | 0.7946 |
| Change (%) | -5.50% | -2.57% | 0% | - | +0.18% | +0.59% | +1.22% |
| Change | -0.0432 | -0.0202 | 0 | - | +0.0014 | +0.0046 | +0.0096 |
| Level | Minor | Intermediate | Minor | - | Minor | Intermediate | Intermediate |
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 | 0.7715 | 0.7780 | 0.7816 | 0.7881 | 0.7917 | 0.7982 | 0.8018 |
| Camarilla | 0.7824 | 0.7834 | 0.7843 | 0.7852 | 0.7861 | 0.7871 | 0.7880 |
| Woodie | 0.7701 | 0.7773 | 0.7802 | 0.7874 | 0.7903 | 0.7975 | 0.8004 |
| Fibonacci | 0.7780 | 0.7819 | 0.7842 | 0.7881 | 0.7920 | 0.7943 | 0.7982 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.7704 | 0.7784 | 0.7847 | 0.7927 | 0.7990 | 0.8070 | 0.8133 |
| Camarilla | 0.7871 | 0.7884 | 0.7897 | 0.7910 | 0.7923 | 0.7936 | 0.7949 |
| Woodie | 0.7696 | 0.7780 | 0.7839 | 0.7923 | 0.7982 | 0.8066 | 0.8125 |
| Fibonacci | 0.7784 | 0.7839 | 0.7872 | 0.7927 | 0.7982 | 0.8015 | 0.8070 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.7512 | 0.7623 | 0.7796 | 0.7907 | 0.8080 | 0.8191 | 0.8364 |
| Camarilla | 0.7892 | 0.7918 | 0.7944 | 0.7970 | 0.7996 | 0.8022 | 0.8048 |
| Woodie | 0.7544 | 0.7639 | 0.7828 | 0.7923 | 0.8112 | 0.8207 | 0.8396 |
| Fibonacci | 0.7623 | 0.7731 | 0.7798 | 0.7907 | 0.8015 | 0.8082 | 0.8191 |
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): | 53.40 | |
| MACD (12,26,9): | -0.0006 | |
| Directional Movement: | 8.5681 | |
| AROON (14): | -21.4286 | |
| DEMA (21): | 0.7825 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.7790 | |
| Elder Ray (13): | 0.0019 | |
| Super Trend (3,10): | 0.7796 | |
| Zig ZAG (10): | 0.7853 | |
| VORTEX (21): | 1.0024 | |
| Stochastique (14,3,5): | 91.37 | |
| TEMA (21): | 0.7835 | |
| Williams %R (14): | -7.06 | |
| Chande Momentum Oscillator (20): | 0.0052 | |
| Repulse (5,40,3): | 0.1615 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0280 | |
| Courbe Coppock: | 0.15 |
| MA7: | 0.7911 | |
| MA20: | 0.7868 | |
| MA50: | 0.7874 | |
| MA100: | 0.7704 | |
| MAexp7: | 0.7841 | |
| MAexp20: | 0.7837 | |
| MAexp50: | 0.7860 | |
| MAexp100: | 0.7884 | |
| Price / MA7: | -0.77% | |
| Price / MA20: | -0.23% | |
| Price / MA50: | -0.30% | |
| Price / MA100: | +1.90% | |
| Price / MAexp7: | +0.11% | |
| Price / MAexp20: | +0.17% | |
| Price / MAexp50: | -0.13% | |
| Price / MAexp100: | -0.43% |
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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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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