Londinia Opportunities Analyses - 09/23/2021 (GMT) NOK/HKD - 1H
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
- FX/Indices
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 0.9020 HKD
My targets
0.9082 HKD (+0.0032)
0.9187 HKD (+0.0137)
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/HKD as long as the price remains well above 0.9020 HKD. The buyers' bullish objective is set at 0.9082 HKD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.9187 HKD. If there is any crossing, the next objective would be the resistance located at 0.9259 HKD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.
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
7.7
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Additional analysis
Quotes
The NOK/HKD price is 0.9050 HKD. The price has increased by +0.72% since the last closing and was traded between 0.8967 HKD and 0.9065 HKD over the period. The price is currently at +0.93% from its lowest and -0.17% from its highest.0.8967
0.9065
0.9050
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
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 LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this NOK/HKD chart shows a strongly bullish trend. 89.29% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish trend reversal : Moving Average 100
Type : Bullish
Timeframe : 1 hour
In fact, 14 technical indicators on 18 studied are currently positioned bullish. Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.8996 | 0.9020 | 0.9049 | 0.9050 | 0.9082 | 0.9259 | 0.9388 |
| Change (%) | -0.60% | -0.33% | -0.01% | - | +0.35% | +2.31% | +3.73% |
| Change | -0.0054 | -0.0030 | -0.0001 | - | +0.0032 | +0.0209 | +0.0338 |
| Level | Intermediate | Minor | Minor | - | Intermediate | Major | Minor |
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 |
|---|---|---|---|---|---|---|---|
| Standard | 0.8842 | 0.8901 | 0.8943 | 0.9002 | 0.9044 | 0.9103 | 0.9145 |
| Camarilla | 0.8957 | 0.8967 | 0.8976 | 0.8985 | 0.8994 | 0.9004 | 0.9013 |
| Woodie | 0.8834 | 0.8897 | 0.8935 | 0.8998 | 0.9036 | 0.9099 | 0.9137 |
| Fibonacci | 0.8901 | 0.8940 | 0.8963 | 0.9002 | 0.9041 | 0.9064 | 0.9103 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.8734 | 0.8835 | 0.8885 | 0.8986 | 0.9036 | 0.9137 | 0.9187 |
| Camarilla | 0.8895 | 0.8908 | 0.8922 | 0.8936 | 0.8950 | 0.8964 | 0.8978 |
| Woodie | 0.8710 | 0.8822 | 0.8861 | 0.8973 | 0.9012 | 0.9124 | 0.9163 |
| Fibonacci | 0.8835 | 0.8892 | 0.8928 | 0.8986 | 0.9043 | 0.9079 | 0.9137 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.8205 | 0.8382 | 0.8666 | 0.8843 | 0.9127 | 0.9304 | 0.9588 |
| Camarilla | 0.8823 | 0.8866 | 0.8908 | 0.8950 | 0.8992 | 0.9035 | 0.9077 |
| Woodie | 0.8259 | 0.8409 | 0.8720 | 0.8870 | 0.9181 | 0.9331 | 0.9642 |
| Fibonacci | 0.8382 | 0.8558 | 0.8667 | 0.8843 | 0.9019 | 0.9128 | 0.9304 |
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): | 63.26 | |
| MACD (12,26,9): | 0.0007 | |
| Directional Movement: | 8.9831 | |
| AROON (14): | -7.1429 | |
| DEMA (21): | 0.9010 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.9039 | |
| Elder Ray (13): | 0.0022 | |
| Super Trend (3,10): | 0.8978 | |
| Zig ZAG (10): | 0.9048 | |
| VORTEX (21): | 1.0373 | |
| Stochastique (14,3,5): | 71.57 | |
| TEMA (21): | 0.9017 | |
| Williams %R (14): | -1.10 | |
| Chande Momentum Oscillator (20): | 0.0062 | |
| Repulse (5,40,3): | 0.6786 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0066 | |
| Courbe Coppock: | 0.05 |
| MA7: | 0.8998 | |
| MA20: | 0.8975 | |
| MA50: | 0.8852 | |
| MA100: | 0.9024 | |
| MAexp7: | 0.9020 | |
| MAexp20: | 0.9000 | |
| MAexp50: | 0.8990 | |
| MAexp100: | 0.8985 | |
| Price / MA7: | +0.58% | |
| Price / MA20: | +0.84% | |
| Price / MA50: | +2.24% | |
| Price / MA100: | +0.29% | |
| Price / MAexp7: | +0.33% | |
| Price / MAexp20: | +0.56% | |
| Price / MAexp50: | +0.67% | |
| Price / MAexp100: | +0.72% |
Quotes :
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Real time data
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Forex