Londinia Opportunities Analyses - 05/24/2022 (GMT) NOK/SGD - 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:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
61%
6%
33%
My opinion
Bullish above 0.1428 SGD
My targets
0.1432 SGD (+0.0002)
0.1435 SGD (+0.0005)
My analysis
The bullish trend is currently very strong on NOK/SGD. As long as the price remains above the support at 0.1428 SGD, you could try to benefit from the boom. The first bullish objective is located at 0.1432 SGD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.1435 SGD as an objective. Crossing it would then enable buyers to target 0.1438 SGD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
7.9
Analysis too old. There are no more charts available.
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.
Additional analysis
Quotes
The NOK/SGD price is 0.1430 SGD. On the day, this instrument gained +0.00% with the lowest point at 0.1425 SGD and the highest point at 0.1434 SGD. The deviation from the price is +0.35% for the low point and -0.28% for the high point.0.1425
0.1434
0.1430
A study of price movements over other periods shows the following variations:
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 this 1H chart of NOK/SGD indicates that the overall trend is strongly bullish. 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. An assessment of moving averages reveals several bullish signals that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators shows a moderate bullish signal.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
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:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
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 | 0.1411 | 0.1417 | 0.1428 | 0.1430 | 0.1432 | 0.1435 | 0.1438 |
| Change (%) | -1.33% | -0.91% | -0.14% | - | +0.14% | +0.35% | +0.56% |
| Change | -0.0019 | -0.0013 | -0.0002 | - | +0.0002 | +0.0005 | +0.0008 |
| Level | Intermediate | Minor | Major | - | Minor | Minor | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.1393 | 0.1402 | 0.1416 | 0.1425 | 0.1439 | 0.1448 | 0.1462 |
| Camarilla | 0.1424 | 0.1426 | 0.1428 | 0.1430 | 0.1432 | 0.1434 | 0.1436 |
| Woodie | 0.1396 | 0.1403 | 0.1419 | 0.1426 | 0.1442 | 0.1449 | 0.1465 |
| Fibonacci | 0.1402 | 0.1411 | 0.1416 | 0.1425 | 0.1434 | 0.1439 | 0.1448 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.1367 | 0.1385 | 0.1402 | 0.1420 | 0.1437 | 0.1455 | 0.1472 |
| Camarilla | 0.1409 | 0.1413 | 0.1416 | 0.1419 | 0.1422 | 0.1425 | 0.1429 |
| Woodie | 0.1367 | 0.1385 | 0.1402 | 0.1420 | 0.1437 | 0.1455 | 0.1472 |
| Fibonacci | 0.1385 | 0.1398 | 0.1407 | 0.1420 | 0.1433 | 0.1442 | 0.1455 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.1332 | 0.1400 | 0.1437 | 0.1505 | 0.1542 | 0.1610 | 0.1647 |
| Camarilla | 0.1445 | 0.1455 | 0.1464 | 0.1474 | 0.1484 | 0.1493 | 0.1503 |
| Woodie | 0.1317 | 0.1392 | 0.1422 | 0.1497 | 0.1527 | 0.1602 | 0.1632 |
| Fibonacci | 0.1400 | 0.1440 | 0.1465 | 0.1505 | 0.1545 | 0.1570 | 0.1610 |
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): | 55.39 | |
| MACD (12,26,9): | 0.0001 | |
| Directional Movement: | 3.1269 | |
| AROON (14): | -50.0000 | |
| DEMA (21): | 0.1430 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.1426 | |
| Elder Ray (13): | 0 | |
| Super Trend (3,10): | 0.1421 | |
| Zig ZAG (10): | 0.1430 | |
| VORTEX (21): | 1.0274 | |
| Stochastique (14,3,5): | 44.44 | |
| TEMA (21): | 0.1429 | |
| Williams %R (14): | -44.44 | |
| Chande Momentum Oscillator (20): | 0.0000 | |
| Repulse (5,40,3): | 0.1602 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0136 | |
| Courbe Coppock: | 0.23 |
| MA7: | 0.1423 | |
| MA20: | 0.1444 | |
| MA50: | 0.1506 | |
| MA100: | 0.1514 | |
| MAexp7: | 0.1429 | |
| MAexp20: | 0.1428 | |
| MAexp50: | 0.1426 | |
| MAexp100: | 0.1424 | |
| Price / MA7: | +0.49% | |
| Price / MA20: | -0.97% | |
| Price / MA50: | -5.05% | |
| Price / MA100: | -5.55% | |
| Price / MAexp7: | +0.07% | |
| Price / MAexp20: | +0.14% | |
| Price / MAexp50: | +0.28% | |
| Price / MAexp100: | +0.42% |
Quotes :
-
Real time data
-
Forex