DKK/SGD - 1H - Technical analysis published on 10/02/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 0.1939 SGD
My targets
0.1949 SGD (+0.0008)
0.1954 SGD (+0.0013)
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 0.1939 SGD. The buyers' bullish objective is set at 0.1949 SGD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.1954 SGD. If there is any crossing, the next objective would be the resistance located at 0.1961 SGD.
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
7.3
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
DKK/SGD rating 0.1941 SGD. The price registered an increase of +0.21% on the session with the lowest point at 0.1932 SGD and the highest point at 0.1941 SGD. The deviation from the price is +0.47% for the low point and 0% for the high point.0.1932
0.1941
0.1941
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
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
Technical analysis of this 1H chart of DKK/SGD indicates that the overall trend is bullish. 78.57% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The probability of a further increase is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
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 | 0.1932 | 0.1935 | 0.1939 | 0.1941 | 0.1949 | 0.1954 | 0.1961 |
| Change (%) | -0.46% | -0.31% | -0.10% | - | +0.41% | +0.67% | +1.03% |
| Change | -0.0009 | -0.0006 | -0.0002 | - | +0.0008 | +0.0013 | +0.0020 |
| Level | Major | Major | 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 | 0.1926 | 0.1929 | 0.1933 | 0.1936 | 0.1940 | 0.1943 | 0.1947 |
| Camarilla | 0.1935 | 0.1936 | 0.1936 | 0.1937 | 0.1938 | 0.1938 | 0.1939 |
| Woodie | 0.1927 | 0.1929 | 0.1934 | 0.1936 | 0.1941 | 0.1943 | 0.1948 |
| Fibonacci | 0.1929 | 0.1932 | 0.1933 | 0.1936 | 0.1939 | 0.1940 | 0.1943 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.1903 | 0.1916 | 0.1927 | 0.1940 | 0.1951 | 0.1964 | 0.1975 |
| Camarilla | 0.1930 | 0.1933 | 0.1935 | 0.1937 | 0.1939 | 0.1941 | 0.1944 |
| Woodie | 0.1901 | 0.1916 | 0.1925 | 0.1940 | 0.1949 | 0.1964 | 0.1973 |
| Fibonacci | 0.1916 | 0.1926 | 0.1931 | 0.1940 | 0.1950 | 0.1955 | 0.1964 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.1856 | 0.1884 | 0.1911 | 0.1939 | 0.1966 | 0.1994 | 0.2021 |
| Camarilla | 0.1922 | 0.1927 | 0.1932 | 0.1937 | 0.1942 | 0.1947 | 0.1952 |
| Woodie | 0.1855 | 0.1884 | 0.1910 | 0.1939 | 0.1965 | 0.1994 | 0.2020 |
| Fibonacci | 0.1884 | 0.1905 | 0.1918 | 0.1939 | 0.1960 | 0.1973 | 0.1994 |
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): | 65.19 | |
| MACD (12,26,9): | 0.0001 | |
| Directional Movement: | 11.3419 | |
| AROON (14): | 50.0000 | |
| DEMA (21): | 0.1939 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.1933 | |
| Elder Ray (13): | 0.0003 | |
| Super Trend (3,10): | 0.1935 | |
| Zig ZAG (10): | 0.1941 | |
| VORTEX (21): | 1.0698 | |
| Stochastique (14,3,5): | 100.00 | |
| TEMA (21): | 0.1939 | |
| Williams %R (14): | 0.00 | |
| Chande Momentum Oscillator (20): | 0.0003 | |
| Repulse (5,40,3): | 0.1442 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0035 | |
| Courbe Coppock: | 0.16 |
| MA7: | 0.1940 | |
| MA20: | 0.1950 | |
| MA50: | 0.1965 | |
| MA100: | 0.1965 | |
| MAexp7: | 0.1939 | |
| MAexp20: | 0.1938 | |
| MAexp50: | 0.1937 | |
| MAexp100: | 0.1938 | |
| Price / MA7: | +0.05% | |
| Price / MA20: | -0.46% | |
| Price / MA50: | -1.22% | |
| Price / MA100: | -1.22% | |
| Price / MAexp7: | +0.10% | |
| Price / MAexp20: | +0.15% | |
| Price / MAexp50: | +0.21% | |
| Price / MAexp100: | +0.15% |
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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