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NOK/HKD
NOK HKD
- HKD (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: NOKHKD
ISIN:

NOK/HKD - 1H - Technical analysis published on 11/14/2023 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 0.7111 HKD
My targets
0.7208 HKD (+0.0042)
0.7271 HKD (+0.0105)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on NOK/HKD as long as the price remains well above 0.7111 HKD. The buyers' bullish objective is set at 0.7208 HKD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.7271 HKD. If there is any crossing, the next objective would be the resistance located at 0.7315 HKD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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
8.9

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

Londinia
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The NOK/HKD price is 0.7166 HKD. The price has increased by +1.65% since the last closing with the lowest point at 0.6997 HKD and the highest point at 0.7167 HKD. The deviation from the price is +2.42% for the low point and -0.01% for the high point.

0.6997
0.7167
0.7166

Here is a more detailed summary of the historical variations registered by NOK/HKD:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

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 this 1H chart of NOK/HKD indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

An assessment of technical indicators shows a strong bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour


CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly


Pivot points : price is over resistance 3

Type : Neutral

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:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour


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


S3S2S1PriceR1R2R3
ProTrendLines 0.7074 0.7098 0.7111 0.7166 0.7208 0.7315 0.7633
Change (%) -1.28% -0.95% -0.77% - +0.59% +2.08% +6.52%
Change -0.0092 -0.0068 -0.0055 - +0.0042 +0.0149 +0.0467
Level Minor Minor Intermediate - Minor Intermediate Minor



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
Standard0.69630.69840.70170.70380.70710.70920.7125
Camarilla0.70350.70400.70450.70500.70550.70600.7065
Woodie0.69690.69870.70230.70410.70770.70950.7131
Fibonacci0.69840.70050.70170.70380.70590.70710.7092


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.67850.68670.69470.70290.71090.71910.7271
Camarilla0.69820.69960.70110.70260.70410.70560.7071
Woodie0.67830.68670.69450.70290.71070.71910.7269
Fibonacci0.68670.69290.69670.70290.70910.71290.7191


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.64290.66830.68420.70960.72550.75090.7668
Camarilla0.68880.69260.69640.70020.70400.70780.7116
Woodie0.63830.66590.67960.70720.72090.74850.7622
Fibonacci0.66830.68400.69380.70960.72530.73510.7509

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): 79.41
MACD (12,26,9): 0.0022
Directional Movement: 35.5374
AROON (14): 35.7143
DEMA (21): 0.7088
Parabolic SAR (0,02-0,02-0,2): 0.7008
Elder Ray (13): 0.0076
Super Trend (3,10): 0.7082
Zig ZAG (10): 0.7162
VORTEX (21): 1.2527
Stochastique (14,3,5): 99.29
TEMA (21): 0.7103
Williams %R (14): -0.61
Chande Momentum Oscillator (20): 0.0124
Repulse (5,40,3): 1.3057
ROCnROLL: 1
TRIX (15,9): 0.0169
Courbe Coppock: 1.34
MA7: 0.7037
MA20: 0.7035
MA50: 0.7158
MA100: 0.7338
MAexp7: 0.7102
MAexp20: 0.7064
MAexp50: 0.7041
MAexp100: 0.7027
Price / MA7: +1.83%
Price / MA20: +1.86%
Price / MA50: +0.11%
Price / MA100: -2.34%
Price / MAexp7: +0.90%
Price / MAexp20: +1.44%
Price / MAexp50: +1.78%
Price / MAexp100: +1.98%

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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Londinia
Londinia AI

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