NOK/HUF - 1H - Technical analysis published on 01/23/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 33.725 HUF
My targets
34.251 HUF (+0.407)
34.734 HUF (+0.890)
My analysis
The bullish trend is currently very strong on NOK/HUF. As long as the price remains above the support at 33.725 HUF, you could try to benefit from the boom. The first bullish objective is located at 34.251 HUF. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 34.734 HUF as an objective. Crossing it would then enable buyers to target 35.081 HUF. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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.
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
8.6
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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 33.844 HUF. On the day, this instrument gained +1.01% with the lowest point at 33.452 HUF and the highest point at 33.887 HUF. The deviation from the price is +1.17% for the low point and -0.13% for the high point.33.452
33.887
33.844
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a 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. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The probability of a further increase is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
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
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 33.658 | 33.725 | 33.823 | 33.844 | 34.734 | 35.081 | 36.567 |
| Change (%) | -0.55% | -0.35% | -0.06% | - | +2.63% | +3.66% | +8.05% |
| Change | -0.186 | -0.119 | -0.021 | - | +0.890 | +1.237 | +2.723 |
| Level | Minor | Minor | Major | - | Intermediate | 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 | 33.139 | 33.234 | 33.369 | 33.464 | 33.599 | 33.694 | 33.829 |
| Camarilla | 33.442 | 33.463 | 33.484 | 33.505 | 33.526 | 33.547 | 33.568 |
| Woodie | 33.160 | 33.244 | 33.390 | 33.474 | 33.620 | 33.704 | 33.850 |
| Fibonacci | 33.234 | 33.322 | 33.376 | 33.464 | 33.552 | 33.606 | 33.694 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 32.613 | 32.884 | 33.159 | 33.430 | 33.705 | 33.976 | 34.251 |
| Camarilla | 33.285 | 33.335 | 33.385 | 33.435 | 33.485 | 33.535 | 33.585 |
| Woodie | 32.616 | 32.885 | 33.162 | 33.431 | 33.708 | 33.977 | 34.254 |
| Fibonacci | 32.884 | 33.092 | 33.221 | 33.430 | 33.638 | 33.767 | 33.976 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 30.575 | 31.344 | 32.737 | 33.506 | 34.899 | 35.668 | 37.061 |
| Camarilla | 33.535 | 33.733 | 33.931 | 34.129 | 34.327 | 34.525 | 34.724 |
| Woodie | 30.886 | 31.500 | 33.048 | 33.662 | 35.210 | 35.824 | 37.372 |
| Fibonacci | 31.344 | 32.170 | 32.680 | 33.506 | 34.332 | 34.842 | 35.668 |
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): | 76.02 | |
| MACD (12,26,9): | 0.0970 | |
| Directional Movement: | 19.751 | |
| AROON (14): | 78.571 | |
| DEMA (21): | 33.832 | |
| Parabolic SAR (0,02-0,02-0,2): | 33.742 | |
| Elder Ray (13): | 0.083 | |
| Super Trend (3,10): | 33.663 | |
| Zig ZAG (10): | 33.863 | |
| VORTEX (21): | 1.2360 | |
| Stochastique (14,3,5): | 92.18 | |
| TEMA (21): | 33.885 | |
| Williams %R (14): | -5.75 | |
| Chande Momentum Oscillator (20): | 0.238 | |
| Repulse (5,40,3): | 0.0940 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0330 | |
| Courbe Coppock: | 1.84 |
| MA7: | 33.457 | |
| MA20: | 33.612 | |
| MA50: | 33.027 | |
| MA100: | 33.122 | |
| MAexp7: | 33.822 | |
| MAexp20: | 33.714 | |
| MAexp50: | 33.595 | |
| MAexp100: | 33.519 | |
| Price / MA7: | +1.16% | |
| Price / MA20: | +0.69% | |
| Price / MA50: | +2.47% | |
| Price / MA100: | +2.18% | |
| Price / MAexp7: | +0.07% | |
| Price / MAexp20: | +0.39% | |
| Price / MAexp50: | +0.74% | |
| Price / MAexp100: | +0.97% |
Quotes :
-
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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