DKK/SEK - 1H - Technical analysis published on 04/15/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
56%
11%
33%
My opinion
Bullish above 1.5481 SEK
My targets
1.5552 SEK (+0.0028)
1.5726 SEK (+0.0202)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on DKK/SEK as long as the price remains well above 1.5481 SEK. The buyers' bullish objective is set at 1.5552 SEK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.5726 SEK. If there is any crossing, the next objective would be the resistance located at 1.5858 SEK. 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.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
6.8
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.
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The DKK/SEK price is 1.5524 SEK. The price is lower by -0.05% since the last closing with the lowest point at 1.5473 SEK and the highest point at 1.5548 SEK. The deviation from the price is +0.33% for the low point and -0.15% for the high point.1.5473
1.5548
1.5524
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by DKK/SEK:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
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
A technical analysis in 1H of this DKK/SEK 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 indicate this trend is showing signs of running out of steam. The Central Indicators scanner detects bullish signals on moving averages 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
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
In fact, 10 technical indicators on 18 studied are currently bullish. The Central Indicators scanner found no further results concerning independent technical indicators.
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.5383 | 1.5436 | 1.5481 | 1.5524 | 1.5552 | 1.5858 | 1.6029 |
| Change (%) | -0.91% | -0.57% | -0.28% | - | +0.18% | +2.15% | +3.25% |
| Change | -0.0141 | -0.0088 | -0.0043 | - | +0.0028 | +0.0334 | +0.0505 |
| Level | Intermediate | Minor | Major | - | Major | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.5264 | 1.5333 | 1.5432 | 1.5501 | 1.5600 | 1.5669 | 1.5768 |
| Camarilla | 1.5485 | 1.5500 | 1.5516 | 1.5531 | 1.5546 | 1.5562 | 1.5577 |
| Woodie | 1.5279 | 1.5341 | 1.5447 | 1.5509 | 1.5615 | 1.5677 | 1.5783 |
| Fibonacci | 1.5333 | 1.5397 | 1.5437 | 1.5501 | 1.5565 | 1.5605 | 1.5669 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.5121 | 1.5218 | 1.5375 | 1.5472 | 1.5629 | 1.5726 | 1.5883 |
| Camarilla | 1.5461 | 1.5484 | 1.5508 | 1.5531 | 1.5554 | 1.5578 | 1.5601 |
| Woodie | 1.5150 | 1.5233 | 1.5404 | 1.5487 | 1.5658 | 1.5741 | 1.5912 |
| Fibonacci | 1.5218 | 1.5315 | 1.5375 | 1.5472 | 1.5569 | 1.5629 | 1.5726 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.4446 | 1.4687 | 1.5053 | 1.5294 | 1.5660 | 1.5901 | 1.6267 |
| Camarilla | 1.5251 | 1.5307 | 1.5362 | 1.5418 | 1.5474 | 1.5529 | 1.5585 |
| Woodie | 1.4508 | 1.4718 | 1.5115 | 1.5325 | 1.5722 | 1.5932 | 1.6329 |
| Fibonacci | 1.4687 | 1.4919 | 1.5063 | 1.5294 | 1.5526 | 1.5670 | 1.5901 |
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): | 53.09 | |
| MACD (12,26,9): | 0.0002 | |
| Directional Movement: | 16.4864 | |
| AROON (14): | -42.8571 | |
| DEMA (21): | 1.5510 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.5533 | |
| Elder Ray (13): | 0.0013 | |
| Super Trend (3,10): | 1.5478 | |
| Zig ZAG (10): | 1.5510 | |
| VORTEX (21): | 0.8982 | |
| Stochastique (14,3,5): | 35.41 | |
| TEMA (21): | 1.5501 | |
| Williams %R (14): | -44.44 | |
| Chande Momentum Oscillator (20): | 0.0009 | |
| Repulse (5,40,3): | -0.0050 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0053 | |
| Courbe Coppock: | 0.14 |
| MA7: | 1.5444 | |
| MA20: | 1.5407 | |
| MA50: | 1.5201 | |
| MA100: | 1.5154 | |
| MAexp7: | 1.5505 | |
| MAexp20: | 1.5504 | |
| MAexp50: | 1.5487 | |
| MAexp100: | 1.5464 | |
| Price / MA7: | +0.52% | |
| Price / MA20: | +0.76% | |
| Price / MA50: | +2.12% | |
| Price / MA100: | +2.44% | |
| Price / MAexp7: | +0.12% | |
| Price / MAexp20: | +0.13% | |
| Price / MAexp50: | +0.24% | |
| Price / MAexp100: | +0.39% |
Quotes :
-
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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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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