DKK/SGD

- SGD (-)

- Real time data - Forex

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Type:	Forex
Ticker:	DKKSGD
ISIN:

DKK/SGD - 1H - Technical analysis published on 04/09/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bullish

Technical indicators

22%

56%

My opinion

Bullish above 0.1958 SGD

My targets

0.1963 SGD (+0.0002)

0.1968 SGD (+0.0007)

My analysis

We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on DKK/SGD. As long as you are above the support located at 0.1958 SGD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 0.1963 SGD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 0.1968 SGD as an objective. Crossing it would then enable buyers to target 0.1979 SGD. If the support 0.1958 SGD were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.

Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.

Force

3.8

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 0.1961 SGD. On the day, this instrument lost -0.05% and was between 0.1960 SGD and 0.1962 SGD. This implies that the price is at +0.05% from its lowest and at -0.05% from its highest.

0.1960

0.1962

0.1961

Here is a more detailed summary of the historical variations registered by DKK/SGD:

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

Near a new LOW record (1 year)

Type : Bearish

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

Technical analysis of this 1H chart of DKK/SGD indicates that the overall trend is bullish. 71.43% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:

Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : 1 hour

An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
But beware of excesses. The Central Indicators scanner currently detects this:

MACD indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour

The Central Indicators scanner specialised in technical indicators, has not detected anything further.

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 support

Type : Bullish

Timeframe : 1 hour

Support of channel is broken

Type : Bearish

Timeframe : 1 hour

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	R1	Price	R2	R3
ProTrendLines	0.1950	0.1954	0.1958	0.1961	0.1961	0.1963	0.1968
Change (%)	-0.56%	-0.36%	-0.15%	0%	-	+0.10%	+0.36%
Change	-0.0011	-0.0007	-0.0003	0	-	+0.0002	+0.0007
Level	Major	Major	Minor	Major	-	Intermediate	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	0.1954	0.1956	0.1959	0.1961	0.1964	0.1966	0.1969
Camarilla	0.1961	0.1961	0.1962	0.1962	0.1963	0.1963	0.1963
Woodie	0.1955	0.1956	0.1960	0.1961	0.1965	0.1966	0.1970
Fibonacci	0.1956	0.1958	0.1959	0.1961	0.1963	0.1964	0.1966

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.1929	0.1937	0.1948	0.1956	0.1967	0.1975	0.1986
Camarilla	0.1955	0.1957	0.1958	0.1960	0.1962	0.1964	0.1965
Woodie	0.1932	0.1938	0.1951	0.1957	0.1970	0.1976	0.1989
Fibonacci	0.1937	0.1944	0.1948	0.1956	0.1963	0.1967	0.1975

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.1928	0.1938	0.1945	0.1955	0.1962	0.1972	0.1979
Camarilla	0.1948	0.1950	0.1951	0.1953	0.1955	0.1956	0.1958
Woodie	0.1928	0.1937	0.1945	0.1954	0.1962	0.1971	0.1979
Fibonacci	0.1938	0.1944	0.1948	0.1955	0.1961	0.1965	0.1972

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	50.47
MACD (12,26,9):	0.0000
Directional Movement:	6.9868
AROON (14):	-57.1429
DEMA (21):	0.1961
Parabolic SAR (0,02-0,02-0,2):	0.1963
Elder Ray (13):	0.0001
Super Trend (3,10):	0.1959
Zig ZAG (10):	0.1961
VORTEX (21):	1.0500
Stochastique (14,3,5):	38.89
TEMA (21):	0.1961
Williams %R (14):	-50.00
Chande Momentum Oscillator (20):	-0.0001
Repulse (5,40,3):	0.0026
ROCnROLL:	-1
TRIX (15,9):	0.0026
Courbe Coppock:	0.08

MA7:	0.1957
MA20:	0.1956
MA50:	0.1952
MA100:	0.1953
MAexp7:	0.1961
MAexp20:	0.1961
MAexp50:	0.1960
MAexp100:	0.1959
Price / MA7:	+0.20%
Price / MA20:	+0.26%
Price / MA50:	+0.46%
Price / MA100:	+0.41%
Price / MAexp7:	-0%
Price / MAexp20:	-0%
Price / MAexp50:	+0.05%
Price / MAexp100:	+0.10%

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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