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

NOK/HUF - 1H - Technical analysis published on 12/21/2022 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Slightly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 38.541 HUF
My targets
38.814 HUF (+0.188)
39.062 HUF (+0.436)
My analysis
NOK/HUF is currently trying to strengthen its basic trend with a very bullish short term. As long as the price remains above 38.541 HUF, traders may consider taking advantage of this bullish acceleration and setting themselves to trade only long positions (at the time of purchase). Buyers will encounter the resistance at 38.814 HUF. A bullish break in this resistance would confirm a continuation of the bullish acceleration. The next resistance located at 39.062 HUF would then be the next bullish objective for buyers. Crossing it would then enable buyers to target 39.483 HUF. Beware of a possible return to under the support located at 38.541 HUF which would be the sign of a correction of the bullish excesses registered in the short term.

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
5.7

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.

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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/HUF rating is 38.626 HUF. On the day, this instrument gained +0.68% and was between 38.204 HUF and 38.635 HUF. This implies that the price is at +1.10% from its lowest and at -0.02% from its highest.

38.204
38.635
38.626

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:
The Central Records scanner, which identifies the highest / lowest, has detected an element:

Central Records

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of NOK/HUF in 1H shows an overall slightly bullish trend. Only 60.71% of the signals given by moving averages are bullish. This slightly bullish trend is reinforced by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:

Central Indicators

Bullish trend reversal : Moving Average 50

Type : Bullish

Timeframe : 1 hour


Bullish trend reversal : adaptative moving average 100

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with Moving Average 100

Type : Bullish

Timeframe : 1 hour



The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour


CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour


Ichimoku : price is over the cloud

Type : Bullish

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



No result was found by the Central Candlesticks scanner on Japanese candlesticks.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 37.770 38.245 38.541 38.626 38.814 39.483 39.932
Change (%) -2.22% -0.99% -0.22% - +0.49% +2.22% +3.38%
Change -0.856 -0.381 -0.085 - +0.188 +0.857 +1.306
Level Intermediate Intermediate Intermediate - Major Major Intermediate



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard37.80537.99038.17738.36238.54938.73438.921
Camarilla38.26338.29738.33138.36538.39938.43338.467
Woodie37.80737.99138.17938.36338.55138.73538.923
Fibonacci37.99038.13238.22038.36238.50438.59238.734


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard36.79837.66538.19539.06239.59240.45940.989
Camarilla38.34238.47038.59838.72638.85438.98239.110
Woodie36.63137.58138.02838.97839.42540.37540.822
Fibonacci37.66538.19838.52839.06239.59539.92540.459


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard37.18837.83038.89239.53440.59641.23842.300
Camarilla39.48539.64239.79839.95440.11040.26640.423
Woodie37.39837.93539.10239.63940.80641.34342.510
Fibonacci37.83038.48138.88339.53440.18540.58741.238

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): 70.18
MACD (12,26,9): 0.0250
Directional Movement: 16.734
AROON (14): 28.571
DEMA (21): 38.402
Parabolic SAR (0,02-0,02-0,2): 38.222
Elder Ray (13): 0.157
Super Trend (3,10): 38.245
Zig ZAG (10): 38.614
VORTEX (21): 1.1310
Stochastique (14,3,5): 96.11
TEMA (21): 38.457
Williams %R (14): -3.30
Chande Momentum Oscillator (20): 0.249
Repulse (5,40,3): 0.7820
ROCnROLL: 1
TRIX (15,9): -0.0040
Courbe Coppock: 0.62
MA7: 38.783
MA20: 39.332
MA50: 39.468
MA100: 39.933
MAexp7: 38.453
MAexp20: 38.384
MAexp50: 38.426
MAexp100: 38.581
Price / MA7: -0.40%
Price / MA20: -1.79%
Price / MA50: -2.13%
Price / MA100: -3.27%
Price / MAexp7: +0.45%
Price / MAexp20: +0.63%
Price / MAexp50: +0.52%
Price / MAexp100: +0.12%

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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