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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 03/01/2023 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Bullish
Underlying: Bullish
Technical indicators
39%
33%
28%
My opinion
Bullish above 0.1300 SGD
My targets
0.1305 SGD (+0.0003)
0.1307 SGD (+0.0005)
My analysis
All elements being rather bullish, it would be possible for traders to only trade long positions (at the time of purchase) on NOK/SGD as long as the price remains well above 0.1300 SGD. The buyers' bullish objective is set at 0.1305 SGD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.1307 SGD. If there is any crossing, the next objective would be the resistance located at 0.1320 SGD. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bullish, basic trend. If you have another key point closer to the current price, it would be better to only trade long positions (at the time of purchase) above that key point.

In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
4.5

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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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The NOK/SGD price is 0.1302 SGD. The price registered an increase of +0.31% on the session and was traded between 0.1298 SGD and 0.1302 SGD over the period. The price is currently at +0.31% from its lowest and 0% from its highest.

0.1298
0.1302
0.1302

Here is a more detailed summary of the historical variations registered by NOK/SGD:
The Central Records scanner for higher/lower results shows the following items:

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 LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of NOK/SGD in 1H shows an overall bullish trend. The signals given by moving averages are 67.86% bullish. This bullish trend is slowing down slightly given the slightly bullish signals of short-term moving averages. The Central Indicators market scanner is currently detecting several bearish and bullish signals that could impact this trend:

Central Indicators

Bullish trend reversal : Moving Average 50

Type : Bullish

Timeframe : 1 hour


Bullish trend reversal : adaptative moving average 50

Type : Bullish

Timeframe : 1 hour


Bullish trend reversal : adaptative moving average 100

Type : Bullish

Timeframe : 1 hour


Bearish price crossover with Moving Average 100

Type : Bearish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : 1 hour



On the 18 technical indicators analysed, 7 are bullish, 5 are neutral and 6 are bearish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Central Indicators

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly



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:

Central Patterns

Near horizontal support

Type : Bullish

Timeframe : 1 hour


Support of channel is broken

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:

Central Candlesticks

Doji

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1R1PriceR2R3
ProTrendLines 0.1295 0.1297 0.1300 0.1302 0.1302 0.1305 0.1307
Change (%) -0.54% -0.38% -0.15% 0% - +0.23% +0.38%
Change -0.0007 -0.0005 -0.0002 0 - +0.0003 +0.0005
Level Major Minor Intermediate Minor - Minor Intermediate



To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.12830.12900.12940.13010.13050.13120.1316
Camarilla0.12950.12960.12970.12980.12990.13000.1301
Woodie0.12820.12890.12930.13000.13040.13110.1315
Fibonacci0.12900.12940.12970.13010.13050.13080.1312


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.12790.12860.12930.13000.13070.13140.1321
Camarilla0.12960.12970.12990.13000.13010.13030.1304
Woodie0.12790.12860.12930.13000.13070.13140.1321
Fibonacci0.12860.12910.12950.13000.13050.13090.1314


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.12210.12470.12720.12980.13230.13490.1374
Camarilla0.12840.12890.12930.12980.13030.13070.1312
Woodie0.12220.12470.12730.12980.13240.13490.1375
Fibonacci0.12470.12660.12780.12980.13170.13290.1349

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): 52.41
MACD (12,26,9): -0.0001
Directional Movement: 2.0263
AROON (14): -64.2857
DEMA (21): 0.1300
Parabolic SAR (0,02-0,02-0,2): 0.1304
Elder Ray (13): 0.0001
Super Trend (3,10): 0.1298
Zig ZAG (10): 0.1301
VORTEX (21): 1.0000
Stochastique (14,3,5): 30.00
TEMA (21): 0.1299
Williams %R (14): -60.00
Chande Momentum Oscillator (20): -0.0004
Repulse (5,40,3): 0.2396
ROCnROLL: -1
TRIX (15,9): -0.0053
Courbe Coppock: 0.69
MA7: 0.1300
MA20: 0.1301
MA50: 0.1324
MA100: 0.1345
MAexp7: 0.1300
MAexp20: 0.1301
MAexp50: 0.1301
MAexp100: 0.1301
Price / MA7: +0.15%
Price / MA20: +0.08%
Price / MA50: -1.66%
Price / MA100: -3.20%
Price / MAexp7: +0.15%
Price / MAexp20: +0.08%
Price / MAexp50: +0.08%
Price / MAexp100: +0.08%

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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