DKK/SGD

- SGD (-)

- Real time data - Forex

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Type:	Forex
Ticker:	DKKSGD
ISIN:

DKK/SGD - Daily - Technical analysis published on 07/19/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

61%

33%

My opinion

Bullish above 0.1947 SGD

My targets

0.2023 SGD (+0.0031)

0.2053 SGD (+0.0061)

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/SGD as long as the price remains well above 0.1947 SGD. The buyers' bullish objective is set at 0.2023 SGD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.2053 SGD. If there is any crossing, the next objective would be the resistance located at 0.2132 SGD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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

7.9

Comment on the analysis

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/SGD price is 0.1992 SGD. The price registered a decrease of -0.05% on the session and was between 0.1992 SGD and 0.1999 SGD. This implies that the price is at 0% from its lowest and at -0.35% from its highest.

0.1992

0.1999

0.1992

A study of price movements over other periods shows the following variations:

The study of the highest / lowest by the Central Records scanner shows the following results:

New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in Daily of this DKK/SGD chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

The technical indicators are bullish. There is still some doubt about the price increase.
But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

MACD indicator: bearish divergence

Type : Bearish

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

The Central Indicators scanner found no further results concerning independent technical indicators.

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 resistance

Type : Bearish

Timeframe : Daily

Near resistance of channel

Type : Bearish

Timeframe : Daily

There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:

Doji

Type : Neutral

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.1909	0.1933	0.1947	0.1992	0.1995	0.2053	0.2132
Change (%)	-4.17%	-2.96%	-2.26%	-	+0.15%	+3.06%	+7.03%
Change	-0.0083	-0.0059	-0.0045	-	+0.0003	+0.0061	+0.0140
Level	Intermediate	Minor	Intermediate	-	Major	Minor	Minor

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	0.1982	0.1986	0.1990	0.1994	0.1998	0.2002	0.2006
Camarilla	0.1991	0.1992	0.1992	0.1993	0.1994	0.1995	0.1995
Woodie	0.1981	0.1986	0.1989	0.1994	0.1997	0.2002	0.2005
Fibonacci	0.1986	0.1989	0.1991	0.1994	0.1997	0.1999	0.2002

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.1964	0.1970	0.1981	0.1987	0.1998	0.2004	0.2015
Camarilla	0.1986	0.1988	0.1989	0.1991	0.1993	0.1994	0.1996
Woodie	0.1966	0.1971	0.1983	0.1988	0.2000	0.2005	0.2017
Fibonacci	0.1970	0.1977	0.1981	0.1987	0.1994	0.1998	0.2004

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.1888	0.1911	0.1944	0.1967	0.2000	0.2023	0.2056
Camarilla	0.1963	0.1968	0.1973	0.1978	0.1983	0.1988	0.1993
Woodie	0.1894	0.1914	0.1950	0.1970	0.2006	0.2026	0.2062
Fibonacci	0.1911	0.1932	0.1945	0.1967	0.1988	0.2001	0.2023

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):	67.70
MACD (12,26,9):	0.0008
Directional Movement:	13.2067
AROON (14):	57.1428
DEMA (21):	0.1993
Parabolic SAR (0,02-0,02-0,2):	0.1979
Elder Ray (13):	0.0010
Super Trend (3,10):	0.1972
Zig ZAG (10):	0.1993
VORTEX (21):	1.1564
Stochastique (14,3,5):	84.20
TEMA (21):	0.1995
Williams %R (14):	-20.00
Chande Momentum Oscillator (20):	0.0014
Repulse (5,40,3):	-0.0814
ROCnROLL:	1
TRIX (15,9):	0.0592
Courbe Coppock:	1.08

MA7:	0.1990
MA20:	0.1984
MA50:	0.1963
MA100:	0.1955
MAexp7:	0.1990
MAexp20:	0.1982
MAexp50:	0.1969
MAexp100:	0.1956
Price / MA7:	+0.10%
Price / MA20:	+0.40%
Price / MA50:	+1.48%
Price / MA100:	+1.89%
Price / MAexp7:	+0.10%
Price / MAexp20:	+0.50%
Price / MAexp50:	+1.17%
Price / MAexp100:	+1.84%

Quotes : - Real time data - Forex

This member declared not having a position on this financial instrument or a related financial instrument.

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