NOK/HKD - 1H - Technical analysis published on 08/09/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 0.7641 HKD
My targets
0.7685 HKD (+0.0022)
0.7748 HKD (+0.0085)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on NOK/HKD. This is a positive signal for buyers. As long as the price remains above 0.7641 HKD, a purchase could be considered. The first bullish objective is located at 0.7685 HKD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.7748 HKD as an objective. Crossing it would then enable buyers to target 0.7769 HKD. In the event of a return below 0.7641 HKD, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
6.3
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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 0.7663 HKD. The price registered an increase of +0.70% on the session with the lowest point at 0.7600 HKD and the highest point at 0.7679 HKD. The deviation from the price is +0.83% for the low point and -0.21% for the high point.0.7600
0.7679
0.7663
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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 bullish. 71.43% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 14 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Resistance of channel is broken
Type : Bullish
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 | 0.7604 | 0.7619 | 0.7641 | 0.7663 | 0.7685 | 0.7748 | 0.7769 |
| Change (%) | -0.77% | -0.57% | -0.29% | - | +0.29% | +1.11% | +1.38% |
| Change | -0.0059 | -0.0044 | -0.0022 | - | +0.0022 | +0.0085 | +0.0106 |
| Level | Intermediate | Intermediate | Major | - | Minor | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.7396 | 0.7474 | 0.7542 | 0.7620 | 0.7688 | 0.7766 | 0.7834 |
| Camarilla | 0.7570 | 0.7583 | 0.7597 | 0.7610 | 0.7623 | 0.7637 | 0.7650 |
| Woodie | 0.7391 | 0.7472 | 0.7537 | 0.7618 | 0.7683 | 0.7764 | 0.7829 |
| Fibonacci | 0.7474 | 0.7530 | 0.7564 | 0.7620 | 0.7676 | 0.7710 | 0.7766 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.7393 | 0.7474 | 0.7586 | 0.7667 | 0.7779 | 0.7860 | 0.7972 |
| Camarilla | 0.7645 | 0.7663 | 0.7680 | 0.7698 | 0.7716 | 0.7733 | 0.7751 |
| Woodie | 0.7409 | 0.7482 | 0.7602 | 0.7675 | 0.7795 | 0.7868 | 0.7988 |
| Fibonacci | 0.7474 | 0.7548 | 0.7593 | 0.7667 | 0.7741 | 0.7786 | 0.7860 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.6666 | 0.6942 | 0.7319 | 0.7595 | 0.7972 | 0.8248 | 0.8625 |
| Camarilla | 0.7517 | 0.7577 | 0.7637 | 0.7697 | 0.7757 | 0.7817 | 0.7877 |
| Woodie | 0.6718 | 0.6967 | 0.7371 | 0.7620 | 0.8024 | 0.8273 | 0.8677 |
| Fibonacci | 0.6942 | 0.7191 | 0.7345 | 0.7595 | 0.7844 | 0.7998 | 0.8248 |
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): | 59.72 | |
| MACD (12,26,9): | 0.0009 | |
| Directional Movement: | 13.9378 | |
| AROON (14): | 71.4286 | |
| DEMA (21): | 0.7656 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.7641 | |
| Elder Ray (13): | 0.0011 | |
| Super Trend (3,10): | 0.7615 | |
| Zig ZAG (10): | 0.7661 | |
| VORTEX (21): | 1.1501 | |
| Stochastique (14,3,5): | 67.43 | |
| TEMA (21): | 0.7667 | |
| Williams %R (14): | -27.87 | |
| Chande Momentum Oscillator (20): | 0.0032 | |
| Repulse (5,40,3): | 0.0103 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0139 | |
| Courbe Coppock: | 0.94 |
| MA7: | 0.7649 | |
| MA20: | 0.7712 | |
| MA50: | 0.7466 | |
| MA100: | 0.7423 | |
| MAexp7: | 0.7657 | |
| MAexp20: | 0.7646 | |
| MAexp50: | 0.7644 | |
| MAexp100: | 0.7648 | |
| Price / MA7: | +0.18% | |
| Price / MA20: | -0.64% | |
| Price / MA50: | +2.64% | |
| Price / MA100: | +3.23% | |
| Price / MAexp7: | +0.08% | |
| Price / MAexp20: | +0.22% | |
| Price / MAexp50: | +0.25% | |
| Price / MAexp100: | +0.20% |
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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