NOK/HUF - 1H - Technical analysis published on 07/23/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
17%
39%
44%
My opinion
Bullish above 33.923 HUF
My targets
34.121 HUF (+0.149)
34.390 HUF (+0.418)
My analysis
The basic bullish trend is very strong on NOK/HUF but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 33.923 HUF. Crossing the first resistance at 34.121 HUF would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 34.390 HUF as an objective. Crossing it would then enable buyers to target 35.055 HUF. Caution, a return to below 33.923 HUF would be a sign of a consolidation phase in the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
Technical indicators are opposing the general bullish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
3.9
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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 33.972 HUF. The price registered an increase of +0.37% on the session and was traded between 33.762 HUF and 33.985 HUF over the period. The price is currently at +0.62% from its lowest and -0.04% from its highest.33.762
33.985
33.972
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this NOK/HUF chart shows a strongly bullish trend. 85.71% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators shows a slightly bearish signal.
The Central Indicators scanner found this result concerning these indicators:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 33.268 | 33.542 | 33.923 | 33.972 | 34.121 | 35.055 | 37.051 |
| Change (%) | -2.07% | -1.27% | -0.14% | - | +0.44% | +3.19% | +9.06% |
| Change | -0.704 | -0.430 | -0.049 | - | +0.149 | +1.083 | +3.079 |
| Level | Intermediate | Intermediate | Minor | - | Major | Major | Intermediate |
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 |
|---|---|---|---|---|---|---|---|
| Standard | 33.325 | 33.540 | 33.694 | 33.909 | 34.063 | 34.278 | 34.432 |
| Camarilla | 33.747 | 33.780 | 33.814 | 33.848 | 33.882 | 33.916 | 33.950 |
| Woodie | 33.295 | 33.525 | 33.664 | 33.894 | 34.033 | 34.263 | 34.402 |
| Fibonacci | 33.540 | 33.681 | 33.768 | 33.909 | 34.050 | 34.137 | 34.278 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 31.782 | 32.323 | 33.086 | 33.627 | 34.390 | 34.931 | 35.694 |
| Camarilla | 33.489 | 33.609 | 33.729 | 33.848 | 33.968 | 34.087 | 34.207 |
| Woodie | 31.892 | 32.379 | 33.196 | 33.683 | 34.500 | 34.987 | 35.804 |
| Fibonacci | 32.323 | 32.822 | 33.129 | 33.627 | 34.126 | 34.433 | 34.931 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 28.982 | 29.957 | 30.874 | 31.849 | 32.766 | 33.741 | 34.658 |
| Camarilla | 31.270 | 31.443 | 31.617 | 31.790 | 31.963 | 32.137 | 32.310 |
| Woodie | 28.952 | 29.943 | 30.844 | 31.835 | 32.736 | 33.727 | 34.628 |
| Fibonacci | 29.957 | 30.680 | 31.127 | 31.849 | 32.572 | 33.019 | 33.741 |
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): | 41.05 | |
| MACD (12,26,9): | -0.0230 | |
| Directional Movement: | -5.979 | |
| AROON (14): | -21.429 | |
| DEMA (21): | 33.908 | |
| Parabolic SAR (0,02-0,02-0,2): | 34.034 | |
| Elder Ray (13): | -0.057 | |
| Super Trend (3,10): | 34.098 | |
| Zig ZAG (10): | 33.848 | |
| VORTEX (21): | 0.8880 | |
| Stochastique (14,3,5): | 28.47 | |
| TEMA (21): | 33.824 | |
| Williams %R (14): | -74.38 | |
| Chande Momentum Oscillator (20): | -0.147 | |
| Repulse (5,40,3): | -0.0860 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0010 | |
| Courbe Coppock: | 1.04 |
| MA7: | 33.474 | |
| MA20: | 32.752 | |
| MA50: | 32.082 | |
| MA100: | 32.565 | |
| MAexp7: | 33.871 | |
| MAexp20: | 33.920 | |
| MAexp50: | 33.841 | |
| MAexp100: | 33.660 | |
| Price / MA7: | +1.49% | |
| Price / MA20: | +3.72% | |
| Price / MA50: | +5.89% | |
| Price / MA100: | +4.32% | |
| Price / MAexp7: | +0.30% | |
| Price / MAexp20: | +0.15% | |
| Price / MAexp50: | +0.39% | |
| Price / MAexp100: | +0.93% |
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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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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