DKK/SGD

- SGD (-)

- Real time data - Forex

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Type:	Forex
Ticker:	DKKSGD
ISIN:

DKK/SGD - 1H - Technical analysis published on 02/13/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Bearish

Technical indicators

17%

67%

17%

My opinion

Bearish under 0.1946 SGD

My targets

0.1939 SGD (-0.0002)

0.1937 SGD (-0.0004)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on DKK/SGD as long as the price remains well below 0.1946 SGD. The sellers' bearish objective is set at 0.1939 SGD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.1937 SGD. In case of crossing, the next objective would be the support located at 0.1935 SGD.

In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.

Force

6.4

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 rating is 0.1941 SGD. On the day, this instrument lost -0.10% and was traded between 0.1938 SGD and 0.1947 SGD over the period. The price is currently at +0.15% from its lowest and -0.31% from its highest.

0.1938

0.1947

0.1941

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner for higher/lower results shows the following items:

Near a new LOW record (5 years)

Type : Bearish

Timeframe : Weekly

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

Technical

Technical analysis of DKK/SGD in 1H shows an overall bearish trend. 78.57% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, 12 technical indicators on 18 studied are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:

Doji

Type : Neutral

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.1937	0.1939	0.1941	0.1941	0.1946	0.1949	0.1952
Change (%)	-0.21%	-0.10%	0%	-	+0.26%	+0.41%	+0.57%
Change	-0.0004	-0.0002	0	-	+0.0005	+0.0008	+0.0011
Level	Minor	Minor	Intermediate	-	Major	Major	Minor

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.1933	0.1938	0.1940	0.1945	0.1947	0.1952	0.1954
Camarilla	0.1941	0.1942	0.1942	0.1943	0.1944	0.1944	0.1945
Woodie	0.1933	0.1937	0.1940	0.1944	0.1947	0.1951	0.1954
Fibonacci	0.1938	0.1940	0.1942	0.1945	0.1947	0.1949	0.1952

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.1925	0.1930	0.1939	0.1944	0.1953	0.1958	0.1967
Camarilla	0.1944	0.1945	0.1947	0.1948	0.1949	0.1951	0.1952
Woodie	0.1927	0.1931	0.1941	0.1945	0.1955	0.1959	0.1969
Fibonacci	0.1930	0.1935	0.1939	0.1944	0.1949	0.1953	0.1958

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.1913	0.1928	0.1935	0.1950	0.1957	0.1972	0.1979
Camarilla	0.1937	0.1939	0.1941	0.1943	0.1945	0.1947	0.1949
Woodie	0.1910	0.1926	0.1932	0.1948	0.1954	0.1970	0.1976
Fibonacci	0.1928	0.1936	0.1941	0.1950	0.1958	0.1963	0.1972

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):	40.05
MACD (12,26,9):	-0.0001
Directional Movement:	-17.6730
AROON (14):	0
DEMA (21):	0.1942
Parabolic SAR (0,02-0,02-0,2):	0.1946
Elder Ray (13):	-0.0001
Super Trend (3,10):	0.1946
Zig ZAG (10):	0.1941
VORTEX (21):	0.9444
Stochastique (14,3,5):	37.04
TEMA (21):	0.1942
Williams %R (14):	-66.67
Chande Momentum Oscillator (20):	-0.0003
Repulse (5,40,3):	-0.0848
ROCnROLL:	2
TRIX (15,9):	-0.0039
Courbe Coppock:	0.19

MA7:	0.1943
MA20:	0.1949
MA50:	0.1950
MA100:	0.1948
MAexp7:	0.1942
MAexp20:	0.1943
MAexp50:	0.1944
MAexp100:	0.1944
Price / MA7:	-0.10%
Price / MA20:	-0.41%
Price / MA50:	-0.46%
Price / MA100:	-0.36%
Price / MAexp7:	-0.05%
Price / MAexp20:	-0.10%
Price / MAexp50:	-0.15%
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.

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