DKK/HKD - 1H - Technical analysis published on 01/15/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Bearish
Technical indicators
44%
22%
33%
My opinion
Bearish under 1.1507 HKD
My targets
1.1460 HKD (-0.0024)
1.1442 HKD (-0.0042)
My analysis
All elements being rather bearish, it would be possible for traders to trade only short positions (for sale) on DKK/HKD as long as the price remains well below 1.1507 HKD. The next bearish objective for sellers is set at 1.1460 HKD. A bearish break of this support would revive the bearish momentum. Sellers could then target the next support located at 1.1442 HKD. If there is any crossing, the next objective would be the support located at 1.1403 HKD. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bearish, basic trend. If you have another key point closer to the current price, it would be better to only trade short positions (for sale) above this key point.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
2.5
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The DKK/HKD price is 1.1484 HKD. The price is lower by -0.03% since the last closing and was between 1.1466 HKD and 1.1499 HKD. This implies that the price is at +0.16% from its lowest and at -0.13% from its highest.1.1466
1.1499
1.1484
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by DKK/HKD:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this DKK/HKD chart shows a bearish trend. 64.29% of the signals given by moving averages are bearish. The overall trend seems to be showing some signs of weakness, as do the tentative bearish signals from short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish price crossover with Moving Average 100
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Caution: the Central Indicators scanner currently detects an excess:
MACD indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near support of channel
Type : Bullish
Timeframe : 1 hour
Near support of triangle
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.1403 | 1.1442 | 1.1460 | 1.1484 | 1.1485 | 1.1507 | 1.1533 |
| Change (%) | -0.71% | -0.37% | -0.21% | - | +0.01% | +0.20% | +0.43% |
| Change | -0.0081 | -0.0042 | -0.0024 | - | +0.0001 | +0.0023 | +0.0049 |
| Level | Minor | Major | 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 | 1.1415 | 1.1444 | 1.1465 | 1.1494 | 1.1515 | 1.1544 | 1.1565 |
| Camarilla | 1.1473 | 1.1478 | 1.1482 | 1.1487 | 1.1492 | 1.1496 | 1.1501 |
| Woodie | 1.1412 | 1.1442 | 1.1462 | 1.1492 | 1.1512 | 1.1542 | 1.1562 |
| Fibonacci | 1.1444 | 1.1463 | 1.1475 | 1.1494 | 1.1513 | 1.1525 | 1.1544 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.1337 | 1.1386 | 1.1436 | 1.1485 | 1.1535 | 1.1584 | 1.1634 |
| Camarilla | 1.1460 | 1.1469 | 1.1478 | 1.1487 | 1.1496 | 1.1505 | 1.1514 |
| Woodie | 1.1339 | 1.1386 | 1.1438 | 1.1485 | 1.1537 | 1.1584 | 1.1636 |
| Fibonacci | 1.1386 | 1.1424 | 1.1447 | 1.1485 | 1.1523 | 1.1546 | 1.1584 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0859 | 1.1047 | 1.1301 | 1.1489 | 1.1743 | 1.1931 | 1.2185 |
| Camarilla | 1.1433 | 1.1473 | 1.1514 | 1.1554 | 1.1595 | 1.1635 | 1.1676 |
| Woodie | 1.0891 | 1.1064 | 1.1333 | 1.1506 | 1.1775 | 1.1948 | 1.2217 |
| Fibonacci | 1.1047 | 1.1216 | 1.1321 | 1.1489 | 1.1658 | 1.1763 | 1.1931 |
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): | 48.84 | |
| MACD (12,26,9): | -0.0003 | |
| Directional Movement: | -9.5647 | |
| AROON (14): | -50.0000 | |
| DEMA (21): | 1.1484 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.1498 | |
| Elder Ray (13): | -0.0004 | |
| Super Trend (3,10): | 1.1507 | |
| Zig ZAG (10): | 1.1486 | |
| VORTEX (21): | 0.9250 | |
| Stochastique (14,3,5): | 38.38 | |
| TEMA (21): | 1.1482 | |
| Williams %R (14): | -36.36 | |
| Chande Momentum Oscillator (20): | 0.0002 | |
| Repulse (5,40,3): | 0.0462 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0033 | |
| Courbe Coppock: | 0.03 |
| MA7: | 1.1482 | |
| MA20: | 1.1497 | |
| MA50: | 1.1406 | |
| MA100: | 1.1287 | |
| MAexp7: | 1.1483 | |
| MAexp20: | 1.1488 | |
| MAexp50: | 1.1490 | |
| MAexp100: | 1.1488 | |
| Price / MA7: | +0.02% | |
| Price / MA20: | -0.11% | |
| Price / MA50: | +0.68% | |
| Price / MA100: | +1.75% | |
| Price / MAexp7: | +0.01% | |
| Price / MAexp20: | -0.03% | |
| Price / MAexp50: | -0.05% | |
| Price / MAexp100: | -0.03% |
Quotes :
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Real time data
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Forex
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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