Londinia Opportunities Analyses - 09/23/2021 (GMT) NOK/SGD - 1H

- SGD (-)

- Real time data - Forex

Type:	Forex
Ticker:	NOKSGD
ISIN:

Londinia

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%

17%

My opinion

Bullish above 0.1565 SGD

My targets

0.1573 SGD (+0.0005)

0.1585 SGD (+0.0017)

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/SGD as long as the price remains well above 0.1565 SGD. The buyers' bullish objective is set at 0.1573 SGD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.1585 SGD. If there is any crossing, the next objective would be the resistance located at 0.1595 SGD. 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

7.7

Analysis too old. There are no more charts available.

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Additional analysis

Quotes

NOK/SGD rating 0.1568 SGD. The price has increased by +0.32% since the last closing and was between 0.1560 SGD and 0.1571 SGD. This implies that the price is at +0.51% from its lowest and at -0.19% from its highest.

0.1560

0.1571

0.1568

Here is a more detailed summary of the historical variations registered by NOK/SGD:

Technical

Technical analysis of NOK/SGD in 1H shows a strongly overall 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 scanner detects a bullish signal on moving averages that could impact this trend:

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 1 hour

In fact, 14 technical indicators on 18 studied are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Momentum indicator is back over 0

Type : Bullish

Timeframe : 1 hour

Williams %R indicator is back over -50

Type : Bullish

Timeframe : 1 hour

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Horizontal resistance is broken

Type : Bullish

Timeframe : 1 hour

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.1551	0.1555	0.1565	0.1568	0.1573	0.1585	0.1595
Change (%)	-1.08%	-0.83%	-0.19%	-	+0.32%	+1.08%	+1.72%
Change	-0.0017	-0.0013	-0.0003	-	+0.0005	+0.0017	+0.0027
Level	Intermediate	Intermediate	Intermediate	-	Major	Major	Intermediate

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.1542	0.1550	0.1556	0.1564	0.1570	0.1578	0.1584
Camarilla	0.1559	0.1560	0.1562	0.1563	0.1564	0.1566	0.1567
Woodie	0.1542	0.1550	0.1556	0.1564	0.1570	0.1578	0.1584
Fibonacci	0.1550	0.1555	0.1558	0.1564	0.1569	0.1572	0.1578

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.1518	0.1531	0.1540	0.1553	0.1562	0.1575	0.1584
Camarilla	0.1542	0.1544	0.1546	0.1548	0.1550	0.1552	0.1554
Woodie	0.1515	0.1530	0.1537	0.1552	0.1559	0.1574	0.1581
Fibonacci	0.1531	0.1540	0.1545	0.1553	0.1562	0.1567	0.1575

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.1452	0.1475	0.1511	0.1534	0.1570	0.1593	0.1629
Camarilla	0.1531	0.1536	0.1542	0.1547	0.1552	0.1558	0.1563
Woodie	0.1459	0.1478	0.1518	0.1537	0.1577	0.1596	0.1636
Fibonacci	0.1475	0.1498	0.1512	0.1534	0.1557	0.1571	0.1593

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):	61.46
MACD (12,26,9):	0.0001
Directional Movement:	12.9940
AROON (14):	-7.1429
DEMA (21):	0.1564
Parabolic SAR (0,02-0,02-0,2):	0.1568
Elder Ray (13):	0.0002
Super Trend (3,10):	0.1559
Zig ZAG (10):	0.1569
VORTEX (21):	1.0294
Stochastique (14,3,5):	63.89
TEMA (21):	0.1565
Williams %R (14):	-9.09
Chande Momentum Oscillator (20):	0.0007
Repulse (5,40,3):	0.5626
ROCnROLL:	1
TRIX (15,9):	0.0073
Courbe Coppock:	0.06

MA7:	0.1559
MA20:	0.1552
MA50:	0.1539
MA100:	0.1560
MAexp7:	0.1565
MAexp20:	0.1563
MAexp50:	0.1561
MAexp100:	0.1559
Price / MA7:	+0.58%
Price / MA20:	+1.03%
Price / MA50:	+1.88%
Price / MA100:	+0.51%
Price / MAexp7:	+0.19%
Price / MAexp20:	+0.32%
Price / MAexp50:	+0.45%
Price / MAexp100:	+0.58%

Quotes : - Real time data - Forex