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NOK/SGD
NOK SGD
- SGD (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: NOKSGD
ISIN:

NOK/SGD - 1H - Technical analysis published on 02/23/2023 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Slightly bearish
Technical indicators
67%
11%
22%
My opinion
Bullish above 0.1291 SGD
My targets
0.1304 SGD (+0.0004)
0.1314 SGD (+0.0014)
My analysis
The strong short-term increase in NOK/SGD calls into question the currently slightly bearish basic trend. A trend reversal is likely. As long as the price remains above 0.1291 SGD, you could consider taking advantage of the short-term movement. The first bullish objective is located at 0.1304 SGD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.1314 SGD as an objective. Crossing it would then enable buyers to target 0.1320 SGD. Caution, a return under 0.1291 SGD could jeopardize the reversal.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
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.

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15 min. Daily Weekly

Additional analysis

Quotes

The NOK/SGD rating is 0.1300 SGD. The price registered an increase of +0.39% on the session with the lowest point at 0.1294 SGD and the highest point at 0.1300 SGD. The deviation from the price is +0.46% for the low point and 0% for the high point.

0.1294
0.1300
0.1300

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/SGD chart shows a slightly bearish trend. 50.00% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages could quickly lead to a reversal of the trend. An assessment of moving averages reveals several bullish signals 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



An assessment of technical indicators shows a moderate bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

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

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

RSI indicator is back over 50

Type : Bullish

Timeframe : 1 hour


Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : 1 hour



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour


Near resistance of channel

Type : Bearish

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 0.1283 0.1291 0.1299 0.1300 0.1304 0.1314 0.1320
Change (%) -1.31% -0.69% -0.08% - +0.31% +1.08% +1.54%
Change -0.0017 -0.0009 -0.0001 - +0.0004 +0.0014 +0.0020
Level Intermediate Intermediate Minor - Intermediate Minor Major



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.12810.12870.12910.12970.13010.13070.1311
Camarilla0.12920.12930.12940.12950.12960.12970.1298
Woodie0.12800.12870.12900.12970.13000.13070.1310
Fibonacci0.12870.12910.12930.12970.13010.13030.1307


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.12610.12760.12880.13030.13150.13300.1342
Camarilla0.12930.12950.12980.13000.13030.13050.1307
Woodie0.12600.12750.12870.13020.13140.13290.1341
Fibonacci0.12760.12860.12930.13030.13130.13200.1330


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.12260.12660.12910.13310.13560.13960.1421
Camarilla0.12980.13040.13100.13160.13220.13280.1334
Woodie0.12190.12620.12840.13270.13490.13920.1414
Fibonacci0.12660.12910.13060.13310.13560.13710.1396

Numerical data


The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators
Moving averages

RSI (14): 58.82
MACD (12,26,9): -0.0001
Directional Movement: 7.7221
AROON (14): -28.5714
DEMA (21): 0.1296
Parabolic SAR (0,02-0,02-0,2): 0.1293
Elder Ray (13): 0.0002
Super Trend (3,10): 0.1303
Zig ZAG (10): 0.1300
VORTEX (21): 1.0000
Stochastique (14,3,5): 64.81
TEMA (21): 0.1297
Williams %R (14): 0.00
Chande Momentum Oscillator (20): 0.0001
Repulse (5,40,3): 0.2749
ROCnROLL: 1
TRIX (15,9): -0.0132
Courbe Coppock: 0.20
MA7: 0.1302
MA20: 0.1304
MA50: 0.1330
MA100: 0.1346
MAexp7: 0.1297
MAexp20: 0.1297
MAexp50: 0.1299
MAexp100: 0.1300
Price / MA7: -0.15%
Price / MA20: -0.31%
Price / MA50: -2.26%
Price / MA100: -3.42%
Price / MAexp7: +0.23%
Price / MAexp20: +0.23%
Price / MAexp50: +0.08%
Price / MAexp100: -0%

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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Londinia AI

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