DKK/SGD

- SGD (-)

- Real time data - Forex

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Type:	Forex
Ticker:	DKKSGD
ISIN:

DKK/SGD - 1H - Technical analysis published on 04/25/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

72%

11%

17%

My opinion

Bullish above 0.1952 SGD

My targets

0.1962 SGD (+0.0008)

0.1969 SGD (+0.0015)

My analysis

The bullish trend is currently very strong on DKK/SGD. As long as the price remains above the support at 0.1952 SGD, you could try to benefit from the boom. The first bullish objective is located at 0.1962 SGD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.1969 SGD as an objective. Crossing it would then enable buyers to target 0.1979 SGD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

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 0.1954 SGD. The price has increased by +0.05% since the last closing and was between 0.1953 SGD and 0.1954 SGD. This implies that the price is at +0.05% from its lowest and at 0% from its highest.

0.1953

0.1954

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

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

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

A technical analysis in 1H 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. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

An assessment of technical indicators shows a strong bullish signal.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Horizontal resistance is broken

Type : Bullish

Timeframe : 1 hour

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 : 1 hour

ProTrendLines

Price

	S3	S2	S1	R1	Price	R2	R3
ProTrendLines	0.1944	0.1946	0.1952	0.1954	0.1954	0.1962	0.1969
Change (%)	-0.51%	-0.41%	-0.10%	0%	-	+0.41%	+0.77%
Change	-0.0010	-0.0008	-0.0002	0	-	+0.0008	+0.0015
Level	Major	Minor	Minor	Intermediate	-	Major	Minor

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.1944	0.1946	0.1950	0.1952	0.1956	0.1958	0.1962
Camarilla	0.1951	0.1952	0.1953	0.1953	0.1954	0.1954	0.1955
Woodie	0.1944	0.1947	0.1950	0.1953	0.1956	0.1959	0.1962
Fibonacci	0.1946	0.1949	0.1950	0.1952	0.1955	0.1956	0.1958

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.1931	0.1934	0.1940	0.1943	0.1949	0.1952	0.1958
Camarilla	0.1943	0.1943	0.1944	0.1945	0.1946	0.1947	0.1948
Woodie	0.1932	0.1935	0.1941	0.1944	0.1950	0.1953	0.1959
Fibonacci	0.1934	0.1938	0.1940	0.1943	0.1947	0.1949	0.1952

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):	62.50
MACD (12,26,9):	0.0001
Directional Movement:	17.4711
AROON (14):	71.4286
DEMA (21):	0.1953
Parabolic SAR (0,02-0,02-0,2):	0.1950
Elder Ray (13):	0
Super Trend (3,10):	0.1950
Zig ZAG (10):	0.1953
VORTEX (21):	1.0800
Stochastique (14,3,5):	62.22
TEMA (21):	0.1953
Williams %R (14):	-40.00
Chande Momentum Oscillator (20):	0.0002
Repulse (5,40,3):	-0.0218
ROCnROLL:	1
TRIX (15,9):	0.0055
Courbe Coppock:	0.27

MA7:	0.1947
MA20:	0.1950
MA50:	0.1952
MA100:	0.1951
MAexp7:	0.1953
MAexp20:	0.1952
MAexp50:	0.1951
MAexp100:	0.1949
Price / MA7:	+0.36%
Price / MA20:	+0.21%
Price / MA50:	+0.10%
Price / MA100:	+0.15%
Price / MAexp7:	+0.05%
Price / MAexp20:	+0.10%
Price / MAexp50:	+0.15%
Price / MAexp100:	+0.26%

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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