NOK/HUF - 1H - Technical analysis published on 07/26/2023 (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:
Strongly bullish
Technical indicators
39%
11%
50%
My opinion
Bullish above 33.981 HUF
My targets
34.215 HUF (+0.048)
34.390 HUF (+0.223)
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/HUF as long as the price remains well above 33.981 HUF. The buyers' bullish objective is set at 34.215 HUF. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 34.390 HUF. If there is any crossing, the next objective would be the resistance located at 35.055 HUF. 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
7
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The NOK/HUF rating is 34.167 HUF. The price registered a decrease of -0.01% on the session with the lowest point at 33.987 HUF and the highest point at 34.371 HUF. The deviation from the price is +0.53% for the low point and -0.59% for the high point.33.987
34.371
34.167
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
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:
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of NOK/HUF indicates that the overall trend is strongly bullish. 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, only 7 technical indicators out of 18 studied are currently positioned bullish. The Central Indicators scanner found this result concerning these indicators:
MACD crosses DOWN its Moving Average
Type : Bearish
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:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 33.181 | 33.672 | 33.981 | 34.167 | 34.215 | 35.055 | 37.051 |
| Change (%) | -2.89% | -1.45% | -0.54% | - | +0.14% | +2.60% | +8.44% |
| Change | -0.986 | -0.495 | -0.186 | - | +0.048 | +0.888 | +2.884 |
| Level | Major | Major | Minor | - | Intermediate | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 33.268 | 33.466 | 33.818 | 34.016 | 34.368 | 34.566 | 34.918 |
| Camarilla | 34.018 | 34.068 | 34.119 | 34.169 | 34.219 | 34.270 | 34.320 |
| Woodie | 33.344 | 33.505 | 33.894 | 34.055 | 34.444 | 34.605 | 34.994 |
| Fibonacci | 33.466 | 33.676 | 33.806 | 34.016 | 34.226 | 34.356 | 34.566 |
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 the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 52.38 | |
| MACD (12,26,9): | 0.0460 | |
| Directional Movement: | 6.058 | |
| AROON (14): | 28.571 | |
| DEMA (21): | 34.198 | |
| Parabolic SAR (0,02-0,02-0,2): | 33.987 | |
| Elder Ray (13): | -0.010 | |
| Super Trend (3,10): | 33.928 | |
| Zig ZAG (10): | 34.152 | |
| VORTEX (21): | 1.0120 | |
| Stochastique (14,3,5): | 54.39 | |
| TEMA (21): | 34.206 | |
| Williams %R (14): | -57.29 | |
| Chande Momentum Oscillator (20): | 0.040 | |
| Repulse (5,40,3): | -0.2350 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0190 | |
| Courbe Coppock: | 0.36 |
| MA7: | 33.840 | |
| MA20: | 33.144 | |
| MA50: | 32.219 | |
| MA100: | 32.578 | |
| MAexp7: | 34.175 | |
| MAexp20: | 34.137 | |
| MAexp50: | 34.055 | |
| MAexp100: | 33.938 | |
| Price / MA7: | +0.97% | |
| Price / MA20: | +3.09% | |
| Price / MA50: | +6.05% | |
| Price / MA100: | +4.88% | |
| Price / MAexp7: | -0.02% | |
| Price / MAexp20: | +0.09% | |
| Price / MAexp50: | +0.33% | |
| Price / MAexp100: | +0.67% |
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.
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