NZD/DKK - Daily - Technical analysis published on 09/01/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
67%
0%
33%
My opinion
Bearish under 4.1598 DKK
My targets
4.0544 DKK (-0.0515)
3.8975 DKK (-0.2084)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 4.1598 DKK remains possible. It is advisable to trade NZD/DKK with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 4.1598 DKK. The next bearish objective for sellers is set at 4.0544 DKK. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 3.8975 DKK. In case of crossing, the next objective would be the support located at 2.9206 DKK. PS: if there is a bullish break in the resistance located at 4.1598 DKK we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
1.1
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Additional analysis
Quotes
The NZD/DKK rating is 4.1059 DKK. The price registered a decrease of -0.02% on the session and was traded between 4.0888 DKK and 4.1210 DKK over the period. The price is currently at +0.42% from its lowest and -0.37% from its highest.4.0888
4.1210
4.1059
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 (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
The Central Volumes scanner detects abnormal volumes on the asset:
Abnormal volumes
Timeframe : 20 days
Technical
Technical analysis of this Daily chart of NZD/DKK indicates that the overall trend is bearish. 75.00% of the signals given by moving averages are bearish. 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 bullish signal on moving averages that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : Daily
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:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
RSI indicator is back under 50
Type : Bearish
Timeframe : Daily
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
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Bearish harami
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 2.9206 | 3.8975 | 4.0544 | 4.1059 | 4.1598 | 4.2040 | 4.2436 |
| Change (%) | -28.87% | -5.08% | -1.25% | - | +1.31% | +2.39% | +3.35% |
| Change | -1.1853 | -0.2084 | -0.0515 | - | +0.0539 | +0.0981 | +0.1377 |
| Level | Minor | Major | Major | - | Major | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.0236 | 4.0411 | 4.0739 | 4.0914 | 4.1242 | 4.1417 | 4.1745 |
| Camarilla | 4.0930 | 4.0976 | 4.1022 | 4.1068 | 4.1114 | 4.1160 | 4.1206 |
| Woodie | 4.0314 | 4.0449 | 4.0817 | 4.0952 | 4.1320 | 4.1455 | 4.1823 |
| Fibonacci | 4.0411 | 4.0603 | 4.0722 | 4.0914 | 4.1106 | 4.1225 | 4.1417 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.9707 | 4.0034 | 4.0404 | 4.0731 | 4.1101 | 4.1428 | 4.1798 |
| Camarilla | 4.0583 | 4.0647 | 4.0711 | 4.0775 | 4.0839 | 4.0903 | 4.0967 |
| Woodie | 3.9730 | 4.0045 | 4.0427 | 4.0742 | 4.1124 | 4.1439 | 4.1821 |
| Fibonacci | 4.0034 | 4.0300 | 4.0464 | 4.0731 | 4.0997 | 4.1161 | 4.1428 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.8484 | 3.9422 | 4.0245 | 4.1183 | 4.2006 | 4.2944 | 4.3767 |
| Camarilla | 4.0584 | 4.0745 | 4.0907 | 4.1068 | 4.1229 | 4.1391 | 4.1552 |
| Woodie | 3.8427 | 3.9393 | 4.0188 | 4.1154 | 4.1949 | 4.2915 | 4.3710 |
| Fibonacci | 3.9422 | 4.0095 | 4.0510 | 4.1183 | 4.1856 | 4.2271 | 4.2944 |
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): | 50.08 | |
| MACD (12,26,9): | -0.0164 | |
| Directional Movement: | -1.1524 | |
| AROON (14): | 64.2857 | |
| DEMA (21): | 4.0699 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.0546 | |
| Elder Ray (13): | 0.0166 | |
| Super Trend (3,10): | 4.1455 | |
| Zig ZAG (10): | 4.1053 | |
| VORTEX (21): | 0.9349 | |
| Stochastique (14,3,5): | 71.01 | |
| TEMA (21): | 4.0758 | |
| Williams %R (14): | -18.24 | |
| Chande Momentum Oscillator (20): | 0.0407 | |
| Repulse (5,40,3): | 0.7202 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0868 | |
| Courbe Coppock: | 0.20 |
| MA7: | 4.0848 | |
| MA20: | 4.0844 | |
| MA50: | 4.1456 | |
| MA100: | 4.1880 | |
| MAexp7: | 4.0888 | |
| MAexp20: | 4.0958 | |
| MAexp50: | 4.1355 | |
| MAexp100: | 4.1837 | |
| Price / MA7: | +0.52% | |
| Price / MA20: | +0.53% | |
| Price / MA50: | -0.96% | |
| Price / MA100: | -1.96% | |
| Price / MAexp7: | +0.42% | |
| Price / MAexp20: | +0.25% | |
| Price / MAexp50: | -0.72% | |
| Price / MAexp100: | -1.86% |
Quotes :
-
Real time data
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Forex
This member declared not having a position on this financial instrument or a related financial instrument.
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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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