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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 03/31/2023 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Slightly bearish
Technical indicators
67%
0%
33%
My opinion
Bullish above 33.577 HUF
My targets
33.823 HUF (+0.170)
33.945 HUF (+0.292)
My analysis
The strong short-term increase in NOK/HUF calls into question the currently slightly bearish basic trend. A trend reversal is likely. As long as the price remains above 33.577 HUF, you could consider taking advantage of the short-term movement. The first bullish objective is located at 33.823 HUF. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 33.945 HUF as an objective. Crossing it would then enable buyers to target 34.431 HUF. Caution, a return under 33.577 HUF could jeopardize the reversal.

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
2.5

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/HUF price is 33.653 HUF. The price registered an increase of +0.35% on the session with the lowest point at 33.480 HUF and the highest point at 33.720 HUF. The deviation from the price is +0.52% for the low point and -0.20% for the high point.

33.480
33.720
33.653

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 several elements:

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 HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


A technical analysis in 1H of this NOK/HUF chart shows a slightly bearish trend. 57.14% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages indicate that this slightly bearish trend could quickly be reversed. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:

Central Indicators

Bullish trend reversal : Moving Average 20

Type : Bullish

Timeframe : 1 hour


Bullish trend reversal : adaptative moving average 50

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : 1 hour



In fact, according to the parameters integrated into the Central Analyzer system, 12 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

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 scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly


RSI indicator is back over 50

Type : Bullish

Timeframe : 1 hour


Price is back over the pivot point

Type : Bullish

Timeframe : 1 hour



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

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 32.049 33.382 33.577 33.653 33.823 33.945 34.431
Change (%) -4.77% -0.81% -0.23% - +0.51% +0.87% +2.31%
Change -1.604 -0.271 -0.076 - +0.170 +0.292 +0.778
Level Major Intermediate Minor - Major Intermediate Intermediate



To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard32.95733.16933.35333.56533.74933.96134.145
Camarilla33.42733.46333.50033.53633.57233.60933.645
Woodie32.94233.16233.33833.55833.73433.95434.130
Fibonacci33.16933.32133.41433.56533.71733.81033.961


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard32.54033.24233.72834.43034.91635.61836.104
Camarilla33.88633.99534.10434.21334.32234.43134.540
Woodie32.43133.18833.61934.37634.80735.56435.995
Fibonacci33.24233.69633.97734.43034.88435.16535.618


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard31.92033.11133.76834.95935.61636.80737.464
Camarilla33.91734.08634.25634.42534.59434.76434.933
Woodie31.65332.97833.50134.82635.34936.67437.197
Fibonacci33.11133.81734.25334.95935.66536.10136.807

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): 57.10
MACD (12,26,9): -0.0130
Directional Movement: 6.499
AROON (14): 92.857
DEMA (21): 33.531
Parabolic SAR (0,02-0,02-0,2): 33.472
Elder Ray (13): 0.018
Super Trend (3,10): 33.742
Zig ZAG (10): 33.661
VORTEX (21): 0.9420
Stochastique (14,3,5): 77.90
TEMA (21): 33.571
Williams %R (14): -5.33
Chande Momentum Oscillator (20): 0.162
Repulse (5,40,3): 0.5210
ROCnROLL: -1
TRIX (15,9): -0.0140
Courbe Coppock: 0.40
MA7: 33.897
MA20: 34.122
MA50: 34.788
MA100: 36.641
MAexp7: 33.577
MAexp20: 33.560
MAexp50: 33.642
MAexp100: 33.790
Price / MA7: -0.72%
Price / MA20: -1.37%
Price / MA50: -3.26%
Price / MA100: -8.15%
Price / MAexp7: +0.23%
Price / MAexp20: +0.28%
Price / MAexp50: +0.03%
Price / MAexp100: -0.41%

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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