NZD/DKK - 1H - Technical analysis published on 02/07/2024 (GMT)
- 98
- 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
17%
39%
44%
My opinion
Bullish above 4.2198 DKK
My targets
4.2358 DKK (+0.0075)
4.2447 DKK (+0.0164)
My analysis
Has the basic bullish 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 bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 4.2198 DKK remains possible. It is advisable to trade NZD/DKK with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 4.2198 DKK. The next bullish objective for buyers is set at 4.2358 DKK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 4.2447 DKK. If there is any crossing, the next objective would be the resistance located at 4.2734 DKK. PS: if there is a bearish break in the support located at 4.2198 DKK we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
In the very short term, the general bullish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bullish direction is still favored, however the current short term bearish correction should be carefully watched.
Force
0
10
2.5
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 NZD/DKK price is 4.2283 DKK. On the day, this instrument lost -0.02% and was between 4.2242 DKK and 4.2394 DKK. This implies that the price is at +0.10% from its lowest and at -0.26% from its highest.4.2242
4.2394
4.2283
Here is a more detailed summary of the historical variations registered by NZD/DKK:
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 NZD/DKK in 1H shows an overall bullish trend. 75.00% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators shows a slightly bearish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 4.1944 | 4.2043 | 4.2198 | 4.2283 | 4.2302 | 4.2358 | 4.2447 |
| Change (%) | -0.80% | -0.57% | -0.20% | - | +0.04% | +0.18% | +0.39% |
| Change | -0.0339 | -0.0240 | -0.0085 | - | +0.0019 | +0.0075 | +0.0164 |
| Level | Minor | Intermediate | Intermediate | - | Intermediate | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.1743 | 4.1876 | 4.2084 | 4.2217 | 4.2425 | 4.2558 | 4.2766 |
| Camarilla | 4.2199 | 4.2231 | 4.2262 | 4.2293 | 4.2324 | 4.2356 | 4.2387 |
| Woodie | 4.1782 | 4.1895 | 4.2123 | 4.2236 | 4.2464 | 4.2577 | 4.2805 |
| Fibonacci | 4.1876 | 4.2006 | 4.2086 | 4.2217 | 4.2347 | 4.2427 | 4.2558 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.1175 | 4.1502 | 4.1705 | 4.2032 | 4.2235 | 4.2562 | 4.2765 |
| Camarilla | 4.1763 | 4.1812 | 4.1860 | 4.1909 | 4.1958 | 4.2006 | 4.2055 |
| Woodie | 4.1114 | 4.1471 | 4.1644 | 4.2001 | 4.2174 | 4.2531 | 4.2704 |
| Fibonacci | 4.1502 | 4.1704 | 4.1829 | 4.2032 | 4.2234 | 4.2359 | 4.2562 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.0284 | 4.0935 | 4.1556 | 4.2207 | 4.2828 | 4.3479 | 4.4100 |
| Camarilla | 4.1828 | 4.1945 | 4.2061 | 4.2178 | 4.2295 | 4.2411 | 4.2528 |
| Woodie | 4.0270 | 4.0928 | 4.1542 | 4.2200 | 4.2814 | 4.3472 | 4.4086 |
| Fibonacci | 4.0935 | 4.1421 | 4.1721 | 4.2207 | 4.2693 | 4.2993 | 4.3479 |
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): | 52.69 | |
| MACD (12,26,9): | 0.0026 | |
| Directional Movement: | 6.1724 | |
| AROON (14): | -35.7142 | |
| DEMA (21): | 4.2329 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.2385 | |
| Elder Ray (13): | -0.0019 | |
| Super Trend (3,10): | 4.2195 | |
| Zig ZAG (10): | 4.2287 | |
| VORTEX (21): | 0.9786 | |
| Stochastique (14,3,5): | 20.40 | |
| TEMA (21): | 4.2313 | |
| Williams %R (14): | -70.39 | |
| Chande Momentum Oscillator (20): | -0.0009 | |
| Repulse (5,40,3): | 0.0055 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0139 | |
| Courbe Coppock: | 0.00 |
| MA7: | 4.2137 | |
| MA20: | 4.2060 | |
| MA50: | 4.2294 | |
| MA100: | 4.1917 | |
| MAexp7: | 4.2296 | |
| MAexp20: | 4.2287 | |
| MAexp50: | 4.2219 | |
| MAexp100: | 4.2161 | |
| Price / MA7: | +0.35% | |
| Price / MA20: | +0.53% | |
| Price / MA50: | -0.03% | |
| Price / MA100: | +0.87% | |
| Price / MAexp7: | -0.03% | |
| Price / MAexp20: | -0.01% | |
| Price / MAexp50: | +0.15% | |
| Price / MAexp100: | +0.29% |
Quotes :
-
Real time data
-
Forex
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
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…
Add a comment
Comments
0 comments on the analysis NZD/DKK - 1H