NOK/HUF - 1H - Technical analysis published on 01/29/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
89%
6%
6%
My opinion
Bullish above 36.178 HUF
My targets
36.663 HUF (+0.231)
37.051 HUF (+0.619)
My analysis
NOK/HUF is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 36.178 HUF. The next resistance located at 36.663 HUF is the next bullish target to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 37.051 HUF. After this resistance, buyers could then target 37.268 HUF.
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
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
NOK/HUF rating 36.432 HUF. The price has increased by +0.37% since the last closing and was traded between 36.327 HUF and 36.456 HUF over the period. The price is currently at +0.29% from its lowest and -0.07% from its highest.36.327
36.456
36.432
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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 NOK/HUF in 1H shows an overall bullish trend. 67.86% 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 detects a bullish signal on moving averages that could impact this trend:
Bullish trend reversal : adaptative moving average 100
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
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
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 currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 35.704 | 35.997 | 36.178 | 36.432 | 36.464 | 36.663 | 37.051 |
| Change (%) | -2.00% | -1.19% | -0.70% | - | +0.09% | +0.63% | +1.70% |
| Change | -0.728 | -0.435 | -0.254 | - | +0.032 | +0.231 | +0.619 |
| Level | Intermediate | Minor | Intermediate | - | Minor | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 35.608 | 35.803 | 36.050 | 36.245 | 36.492 | 36.687 | 36.934 |
| Camarilla | 36.177 | 36.217 | 36.258 | 36.298 | 36.339 | 36.379 | 36.420 |
| Woodie | 35.635 | 35.816 | 36.077 | 36.258 | 36.519 | 36.700 | 36.961 |
| Fibonacci | 35.803 | 35.972 | 36.076 | 36.245 | 36.414 | 36.518 | 36.687 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 34.011 | 34.857 | 35.577 | 36.423 | 37.143 | 37.989 | 38.709 |
| Camarilla | 35.867 | 36.011 | 36.155 | 36.298 | 36.442 | 36.585 | 36.729 |
| Woodie | 33.949 | 34.826 | 35.515 | 36.392 | 37.081 | 37.958 | 38.647 |
| Fibonacci | 34.857 | 35.455 | 35.825 | 36.423 | 37.021 | 37.391 | 37.989 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 34.185 | 35.895 | 36.983 | 38.693 | 39.781 | 41.491 | 42.579 |
| Camarilla | 37.301 | 37.557 | 37.814 | 38.070 | 38.327 | 38.583 | 38.840 |
| Woodie | 33.873 | 35.740 | 36.671 | 38.538 | 39.469 | 41.336 | 42.267 |
| Fibonacci | 35.895 | 36.964 | 37.625 | 38.693 | 39.762 | 40.423 | 41.491 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 59.34 | |
| MACD (12,26,9): | 0.0600 | |
| Directional Movement: | 22.842 | |
| AROON (14): | 92.857 | |
| DEMA (21): | 36.277 | |
| Parabolic SAR (0,02-0,02-0,2): | 36.179 | |
| Elder Ray (13): | 0.128 | |
| Super Trend (3,10): | 36.062 | |
| Zig ZAG (10): | 36.298 | |
| VORTEX (21): | 1.1020 | |
| Stochastique (14,3,5): | 70.32 | |
| TEMA (21): | 36.315 | |
| Williams %R (14): | -31.90 | |
| Chande Momentum Oscillator (20): | 0.121 | |
| Repulse (5,40,3): | -0.1210 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0210 | |
| Courbe Coppock: | 0.97 |
| MA7: | 36.407 | |
| MA20: | 36.911 | |
| MA50: | 38.193 | |
| MA100: | 38.990 | |
| MAexp7: | 36.270 | |
| MAexp20: | 36.201 | |
| MAexp50: | 36.163 | |
| MAexp100: | 36.279 | |
| Price / MA7: | +0.07% | |
| Price / MA20: | -1.30% | |
| Price / MA50: | -4.61% | |
| Price / MA100: | -6.56% | |
| Price / MAexp7: | +0.45% | |
| Price / MAexp20: | +0.64% | |
| Price / MAexp50: | +0.74% | |
| Price / MAexp100: | +0.42% |
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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