DKK/HKD - 1H - Technical analysis published on 03/29/2024 (GMT)
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I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
67%
6%
28%
My opinion
Bearish under 1.1370 HKD
My targets
1.1241 HKD (-0.0081)
1.1166 HKD (-0.0156)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 1.1370 HKD remains possible. It is advisable to trade DKK/HKD with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 1.1370 HKD. The next bearish objective for sellers is set at 1.1241 HKD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.1166 HKD. In case of crossing, the next objective would be the support located at 1.0994 HKD. PS: if there is a bullish break in the resistance located at 1.1370 HKD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
0.5
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Additional analysis
Quotes
The DKK/HKD rating is 1.1322 HKD. On the day, this instrument lost -0.02% with the lowest point at 1.1298 HKD and the highest point at 1.1337 HKD. The deviation from the price is +0.21% for the low point and -0.13% for the high point.1.1298
1.1337
1.1322
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of DKK/HKD indicates that the overall trend is bearish. The signals given by moving averages are 71.43% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators shows a moderate bullish signal.
The Central Indicators scanner found this result concerning these indicators:
RSI 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:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.1166 | 1.1241 | 1.1312 | 1.1322 | 1.1327 | 1.1370 | 1.1401 |
| Change (%) | -1.38% | -0.72% | -0.09% | - | +0.04% | +0.42% | +0.70% |
| Change | -0.0156 | -0.0081 | -0.0010 | - | +0.0005 | +0.0048 | +0.0079 |
| Level | Minor | Major | Intermediate | - | Intermediate | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.1241 | 1.1273 | 1.1298 | 1.1330 | 1.1355 | 1.1387 | 1.1412 |
| Camarilla | 1.1308 | 1.1314 | 1.1319 | 1.1324 | 1.1329 | 1.1335 | 1.1340 |
| Woodie | 1.1239 | 1.1271 | 1.1296 | 1.1328 | 1.1353 | 1.1385 | 1.1410 |
| Fibonacci | 1.1273 | 1.1294 | 1.1308 | 1.1330 | 1.1351 | 1.1365 | 1.1387 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.1134 | 1.1230 | 1.1282 | 1.1378 | 1.1430 | 1.1526 | 1.1578 |
| Camarilla | 1.1292 | 1.1306 | 1.1319 | 1.1333 | 1.1347 | 1.1360 | 1.1374 |
| Woodie | 1.1111 | 1.1219 | 1.1259 | 1.1367 | 1.1407 | 1.1515 | 1.1555 |
| Fibonacci | 1.1230 | 1.1287 | 1.1322 | 1.1378 | 1.1435 | 1.1470 | 1.1526 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.1017 | 1.1116 | 1.1233 | 1.1332 | 1.1449 | 1.1548 | 1.1665 |
| Camarilla | 1.1290 | 1.1309 | 1.1329 | 1.1349 | 1.1369 | 1.1389 | 1.1408 |
| Woodie | 1.1025 | 1.1121 | 1.1241 | 1.1337 | 1.1457 | 1.1553 | 1.1673 |
| Fibonacci | 1.1116 | 1.1199 | 1.1250 | 1.1332 | 1.1415 | 1.1466 | 1.1548 |
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): | 51.59 | |
| MACD (12,26,9): | -0.0001 | |
| Directional Movement: | 7.3195 | |
| AROON (14): | 35.7142 | |
| DEMA (21): | 1.1317 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.1304 | |
| Elder Ray (13): | 0.0003 | |
| Super Trend (3,10): | 1.1330 | |
| Zig ZAG (10): | 1.1322 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 57.27 | |
| TEMA (21): | 1.1321 | |
| Williams %R (14): | -38.46 | |
| Chande Momentum Oscillator (20): | 0.0015 | |
| Repulse (5,40,3): | 0.0160 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0033 | |
| Courbe Coppock: | 0.24 |
| MA7: | 1.1348 | |
| MA20: | 1.1408 | |
| MA50: | 1.1367 | |
| MA100: | 1.1394 | |
| MAexp7: | 1.1320 | |
| MAexp20: | 1.1319 | |
| MAexp50: | 1.1327 | |
| MAexp100: | 1.1340 | |
| Price / MA7: | -0.23% | |
| Price / MA20: | -0.75% | |
| Price / MA50: | -0.40% | |
| Price / MA100: | -0.63% | |
| Price / MAexp7: | +0.02% | |
| Price / MAexp20: | +0.03% | |
| Price / MAexp50: | -0.04% | |
| Price / MAexp100: | -0.16% |
Quotes :
-
Real time data
-
Forex
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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