NOK/HKD - 1H - Technical analysis published on 12/22/2023 (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 bullish
Underlying:
Strongly bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above 0.7604 HKD
My targets
0.7745 HKD (+0.0115)
0.7777 HKD (+0.0147)
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 0.7604 HKD. The buyers' bullish objective is set at 0.7745 HKD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.7777 HKD. If there is any crossing, the next objective would be the resistance located at 0.7910 HKD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
8.6
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.
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The NOK/HKD rating is 0.7630 HKD. On the day, this instrument gained +0.38% and was traded between 0.7588 HKD and 0.7632 HKD over the period. The price is currently at +0.55% from its lowest and -0.03% from its highest.0.7588
0.7632
0.7630
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of NOK/HKD in 1H shows a strongly overall bullish trend. 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 is currently detecting a bullish signal that could impact this trend:
Bullish trend reversal : Moving Average 50
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators shows a strong bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.7351 | 0.7450 | 0.7529 | 0.7630 | 0.7633 | 0.7777 | 0.7910 |
| Change (%) | -3.66% | -2.36% | -1.32% | - | +0.04% | +1.93% | +3.67% |
| Change | -0.0279 | -0.0180 | -0.0101 | - | +0.0003 | +0.0147 | +0.0280 |
| Level | Intermediate | Major | Major | - | Intermediate | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.7477 | 0.7508 | 0.7554 | 0.7585 | 0.7631 | 0.7662 | 0.7708 |
| Camarilla | 0.7580 | 0.7587 | 0.7594 | 0.7601 | 0.7608 | 0.7615 | 0.7622 |
| Woodie | 0.7486 | 0.7512 | 0.7563 | 0.7589 | 0.7640 | 0.7666 | 0.7717 |
| Fibonacci | 0.7508 | 0.7537 | 0.7555 | 0.7585 | 0.7614 | 0.7632 | 0.7662 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.6806 | 0.6947 | 0.7205 | 0.7346 | 0.7604 | 0.7745 | 0.8003 |
| Camarilla | 0.7352 | 0.7389 | 0.7425 | 0.7462 | 0.7499 | 0.7535 | 0.7572 |
| Woodie | 0.6864 | 0.6976 | 0.7263 | 0.7375 | 0.7662 | 0.7774 | 0.8061 |
| Fibonacci | 0.6947 | 0.7100 | 0.7194 | 0.7346 | 0.7499 | 0.7593 | 0.7745 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.6576 | 0.6763 | 0.6994 | 0.7181 | 0.7412 | 0.7599 | 0.7830 |
| Camarilla | 0.7110 | 0.7148 | 0.7187 | 0.7225 | 0.7263 | 0.7302 | 0.7340 |
| Woodie | 0.6598 | 0.6774 | 0.7016 | 0.7192 | 0.7434 | 0.7610 | 0.7852 |
| Fibonacci | 0.6763 | 0.6923 | 0.7021 | 0.7181 | 0.7341 | 0.7439 | 0.7599 |
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): | 65.81 | |
| MACD (12,26,9): | 0.0009 | |
| Directional Movement: | 9.7893 | |
| AROON (14): | 100.0000 | |
| DEMA (21): | 0.7607 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.7588 | |
| Elder Ray (13): | 0.0015 | |
| Super Trend (3,10): | 0.7572 | |
| Zig ZAG (10): | 0.7625 | |
| VORTEX (21): | 1.1731 | |
| Stochastique (14,3,5): | 78.32 | |
| TEMA (21): | 0.7610 | |
| Williams %R (14): | -2.04 | |
| Chande Momentum Oscillator (20): | 0.0025 | |
| Repulse (5,40,3): | 0.4580 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0169 | |
| Courbe Coppock: | 0.42 |
| MA7: | 0.7537 | |
| MA20: | 0.7331 | |
| MA50: | 0.7191 | |
| MA100: | 0.7259 | |
| MAexp7: | 0.7605 | |
| MAexp20: | 0.7594 | |
| MAexp50: | 0.7578 | |
| MAexp100: | 0.7539 | |
| Price / MA7: | +1.23% | |
| Price / MA20: | +4.08% | |
| Price / MA50: | +6.10% | |
| Price / MA100: | +5.11% | |
| Price / MAexp7: | +0.33% | |
| Price / MAexp20: | +0.47% | |
| Price / MAexp50: | +0.69% | |
| Price / MAexp100: | +1.21% |
Quotes :
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Real time data
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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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