Londinia Opportunities Analyses - 04/25/2024 (GMT) DKK/HKD - 1H
- FX/Indices
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
67%
6%
28%
My opinion
Bullish above 1.1239 HKD
My targets
1.1326 HKD (+0.0064)
1.1405 HKD (+0.0143)
My analysis
The bullish trend is currently very strong on DKK/HKD. As long as the price remains above the support at 1.1239 HKD, you could try to benefit from the boom. The first bullish objective is located at 1.1326 HKD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1.1405 HKD as an objective. Crossing it would then enable buyers to target 1.1491 HKD. 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.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8
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Additional analysis
Quotes
The DKK/HKD rating is 1.1262 HKD. The price has increased by +0.26% since the last closing and was traded between 1.1210 HKD and 1.1273 HKD over the period. The price is currently at +0.46% from its lowest and -0.10% from its highest.1.1210
1.1273
1.1262
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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 this 1H chart of DKK/HKD indicates that the overall trend is strongly bullish. 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 12 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
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 : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.1216 | 1.1239 | 1.1252 | 1.1262 | 1.1405 | 1.1491 | 1.1646 |
| Change (%) | -0.41% | -0.20% | -0.09% | - | +1.27% | +2.03% | +3.41% |
| Change | -0.0046 | -0.0023 | -0.0010 | - | +0.0143 | +0.0229 | +0.0384 |
| Level | Intermediate | Intermediate | Intermediate | - | Minor | 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 | 1.1179 | 1.1198 | 1.1215 | 1.1234 | 1.1251 | 1.1270 | 1.1287 |
| Camarilla | 1.1223 | 1.1226 | 1.1230 | 1.1233 | 1.1236 | 1.1240 | 1.1243 |
| Woodie | 1.1179 | 1.1198 | 1.1215 | 1.1234 | 1.1251 | 1.1270 | 1.1287 |
| Fibonacci | 1.1198 | 1.1211 | 1.1220 | 1.1234 | 1.1247 | 1.1256 | 1.1270 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.1035 | 1.1079 | 1.1132 | 1.1176 | 1.1229 | 1.1273 | 1.1326 |
| Camarilla | 1.1158 | 1.1167 | 1.1176 | 1.1185 | 1.1194 | 1.1203 | 1.1212 |
| Woodie | 1.1040 | 1.1081 | 1.1137 | 1.1178 | 1.1234 | 1.1275 | 1.1331 |
| Fibonacci | 1.1079 | 1.1116 | 1.1139 | 1.1176 | 1.1213 | 1.1236 | 1.1273 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.1019 | 1.1158 | 1.1240 | 1.1379 | 1.1461 | 1.1600 | 1.1682 |
| Camarilla | 1.1260 | 1.1281 | 1.1301 | 1.1321 | 1.1341 | 1.1362 | 1.1382 |
| Woodie | 1.0990 | 1.1144 | 1.1211 | 1.1365 | 1.1432 | 1.1586 | 1.1653 |
| Fibonacci | 1.1158 | 1.1243 | 1.1295 | 1.1379 | 1.1464 | 1.1516 | 1.1600 |
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): | 60.69 | |
| MACD (12,26,9): | 0.0007 | |
| Directional Movement: | 5.5935 | |
| AROON (14): | -7.1429 | |
| DEMA (21): | 1.1259 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.1214 | |
| Elder Ray (13): | 0.0009 | |
| Super Trend (3,10): | 1.1270 | |
| Zig ZAG (10): | 1.1263 | |
| VORTEX (21): | 1.1147 | |
| Stochastique (14,3,5): | 82.01 | |
| TEMA (21): | 1.1261 | |
| Williams %R (14): | -17.46 | |
| Chande Momentum Oscillator (20): | 0.0003 | |
| Repulse (5,40,3): | 0.0149 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0071 | |
| Courbe Coppock: | 0.19 |
| MA7: | 1.1211 | |
| MA20: | 1.1266 | |
| MA50: | 1.1341 | |
| MA100: | 1.1373 | |
| MAexp7: | 1.1258 | |
| MAexp20: | 1.1250 | |
| MAexp50: | 1.1239 | |
| MAexp100: | 1.1225 | |
| Price / MA7: | +0.45% | |
| Price / MA20: | -0.04% | |
| Price / MA50: | -0.70% | |
| Price / MA100: | -0.98% | |
| Price / MAexp7: | +0.04% | |
| Price / MAexp20: | +0.11% | |
| Price / MAexp50: | +0.20% | |
| Price / MAexp100: | +0.33% |
Quotes :
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Real time data
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Forex