NOK/SGD - 1H - Technical analysis published on 07/20/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 0.1406 SGD
My targets
0.1419 SGD (+0.0011)
0.1460 SGD (+0.0052)
My analysis
NOK/SGD 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 0.1406 SGD. The next resistance located at 0.1419 SGD is the next bullish objective 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 0.1460 SGD. After this resistance, buyers could then target 0.1494 SGD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
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
8.6
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.
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The NOK/SGD price is 0.1408 SGD. The price registered an increase of +0.21% on the session with the lowest point at 0.1405 SGD and the highest point at 0.1408 SGD. The deviation from the price is +0.21% for the low point and 0% for the high point.0.1405
0.1408
0.1408
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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
A technical analysis in 1H of this NOK/SGD chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Resistance of channel is broken
Type : Bullish
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 | 0.1387 | 0.1390 | 0.1406 | 0.1408 | 0.1494 | 0.1552 | 0.1578 |
| Change (%) | -1.49% | -1.28% | -0.14% | - | +6.11% | +10.23% | +12.07% |
| Change | -0.0021 | -0.0018 | -0.0002 | - | +0.0086 | +0.0144 | +0.0170 |
| Level | Minor | Major | Intermediate | - | Intermediate | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.1362 | 0.1372 | 0.1388 | 0.1398 | 0.1414 | 0.1424 | 0.1440 |
| Camarilla | 0.1398 | 0.1400 | 0.1403 | 0.1405 | 0.1407 | 0.1410 | 0.1412 |
| Woodie | 0.1366 | 0.1374 | 0.1392 | 0.1400 | 0.1418 | 0.1426 | 0.1444 |
| Fibonacci | 0.1372 | 0.1382 | 0.1388 | 0.1398 | 0.1408 | 0.1414 | 0.1424 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.1332 | 0.1346 | 0.1361 | 0.1375 | 0.1390 | 0.1404 | 0.1419 |
| Camarilla | 0.1368 | 0.1371 | 0.1373 | 0.1376 | 0.1379 | 0.1381 | 0.1384 |
| Woodie | 0.1333 | 0.1346 | 0.1362 | 0.1375 | 0.1391 | 0.1404 | 0.1420 |
| Fibonacci | 0.1346 | 0.1357 | 0.1364 | 0.1375 | 0.1386 | 0.1393 | 0.1404 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.1278 | 0.1327 | 0.1369 | 0.1418 | 0.1460 | 0.1509 | 0.1551 |
| Camarilla | 0.1387 | 0.1395 | 0.1404 | 0.1412 | 0.1420 | 0.1429 | 0.1437 |
| Woodie | 0.1276 | 0.1325 | 0.1367 | 0.1416 | 0.1458 | 0.1507 | 0.1549 |
| Fibonacci | 0.1327 | 0.1361 | 0.1383 | 0.1418 | 0.1452 | 0.1474 | 0.1509 |
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): | 72.95 | |
| MACD (12,26,9): | 0.0005 | |
| Directional Movement: | 19.1259 | |
| AROON (14): | 42.8571 | |
| DEMA (21): | 0.1407 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.1402 | |
| Elder Ray (13): | 0.0003 | |
| Super Trend (3,10): | 0.1396 | |
| Zig ZAG (10): | 0.1405 | |
| VORTEX (21): | 1.2857 | |
| Stochastique (14,3,5): | 80.05 | |
| TEMA (21): | 0.1408 | |
| Williams %R (14): | -25.00 | |
| Chande Momentum Oscillator (20): | 0.0001 | |
| Repulse (5,40,3): | 0.0105 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0566 | |
| Courbe Coppock: | 1.47 |
| MA7: | 0.1380 | |
| MA20: | 0.1394 | |
| MA50: | 0.1415 | |
| MA100: | 0.1470 | |
| MAexp7: | 0.1404 | |
| MAexp20: | 0.1400 | |
| MAexp50: | 0.1391 | |
| MAexp100: | 0.1385 | |
| Price / MA7: | +2.03% | |
| Price / MA20: | +1.00% | |
| Price / MA50: | -0.49% | |
| Price / MA100: | -4.22% | |
| Price / MAexp7: | +0.28% | |
| Price / MAexp20: | +0.57% | |
| Price / MAexp50: | +1.22% | |
| Price / MAexp100: | +1.66% |
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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