NOK/HKD - 1H - Technical analysis published on 07/21/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
56%
22%
My opinion
Bearish under 0.7780 HKD
My targets
0.7727 HKD (-0.0032)
0.7641 HKD (-0.0118)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on NOK/HKD as long as the price remains well below 0.7780 HKD. The sellers' bearish objective is set at 0.7727 HKD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.7641 HKD. In case of crossing, the next objective would be the support located at 0.7565 HKD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
6.1
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The NOK/HKD price is 0.7759 HKD. The price registered a decrease of -0.01% on the session and was between 0.7734 HKD and 0.7803 HKD. This implies that the price is at +0.32% from its lowest and at -0.56% from its highest.0.7734
0.7803
0.7759
Here is a more detailed summary of the historical variations registered by NOK/HKD:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of NOK/HKD indicates that the overall trend is strongly bearish. 82.14% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
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
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.7565 | 0.7641 | 0.7727 | 0.7759 | 0.7780 | 0.7814 | 0.7894 |
| Change (%) | -2.50% | -1.52% | -0.41% | - | +0.27% | +0.71% | +1.74% |
| Change | -0.0194 | -0.0118 | -0.0032 | - | +0.0021 | +0.0055 | +0.0135 |
| Level | Minor | Intermediate | Major | - | Intermediate | Minor | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.7570 | 0.7652 | 0.7706 | 0.7788 | 0.7842 | 0.7924 | 0.7978 |
| Camarilla | 0.7723 | 0.7735 | 0.7748 | 0.7760 | 0.7773 | 0.7785 | 0.7797 |
| Woodie | 0.7556 | 0.7645 | 0.7692 | 0.7781 | 0.7828 | 0.7917 | 0.7964 |
| Fibonacci | 0.7652 | 0.7704 | 0.7736 | 0.7788 | 0.7840 | 0.7872 | 0.7924 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.6909 | 0.7120 | 0.7446 | 0.7657 | 0.7983 | 0.8194 | 0.8520 |
| Camarilla | 0.7625 | 0.7675 | 0.7724 | 0.7773 | 0.7822 | 0.7872 | 0.7921 |
| Woodie | 0.6968 | 0.7149 | 0.7505 | 0.7686 | 0.8042 | 0.8223 | 0.8579 |
| Fibonacci | 0.7120 | 0.7325 | 0.7452 | 0.7657 | 0.7862 | 0.7989 | 0.8194 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.6553 | 0.6771 | 0.7034 | 0.7252 | 0.7515 | 0.7733 | 0.7996 |
| Camarilla | 0.7164 | 0.7208 | 0.7252 | 0.7296 | 0.7340 | 0.7384 | 0.7428 |
| Woodie | 0.6575 | 0.6782 | 0.7056 | 0.7263 | 0.7537 | 0.7744 | 0.8018 |
| Fibonacci | 0.6771 | 0.6955 | 0.7069 | 0.7252 | 0.7436 | 0.7550 | 0.7733 |
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): | 41.99 | |
| MACD (12,26,9): | -0.0008 | |
| Directional Movement: | -2.2338 | |
| AROON (14): | -35.7143 | |
| DEMA (21): | 0.7759 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.7797 | |
| Elder Ray (13): | -0.0014 | |
| Super Trend (3,10): | 0.7812 | |
| Zig ZAG (10): | 0.7754 | |
| VORTEX (21): | 0.9878 | |
| Stochastique (14,3,5): | 22.22 | |
| TEMA (21): | 0.7754 | |
| Williams %R (14): | -71.01 | |
| Chande Momentum Oscillator (20): | -0.0020 | |
| Repulse (5,40,3): | -0.0755 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0113 | |
| Courbe Coppock: | 0.24 |
| MA7: | 0.7780 | |
| MA20: | 0.7513 | |
| MA50: | 0.7333 | |
| MA100: | 0.7386 | |
| MAexp7: | 0.7758 | |
| MAexp20: | 0.7768 | |
| MAexp50: | 0.7776 | |
| MAexp100: | 0.7767 | |
| Price / MA7: | -0.27% | |
| Price / MA20: | +3.27% | |
| Price / MA50: | +5.81% | |
| Price / MA100: | +5.05% | |
| Price / MAexp7: | +0.01% | |
| Price / MAexp20: | -0.12% | |
| Price / MAexp50: | -0.22% | |
| Price / MAexp100: | -0.10% |
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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