DKK/HKD - 1H - Technical analysis published on 10/11/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
44%
28%
28%
My opinion
Bearish under 1.0259 HKD
My targets
1.0220 HKD (-0.0027)
1.0172 HKD (-0.0075)
My analysis
The bearish basic trend is very strong on DKK/HKD but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 1.0259 HKD. Crossing the first support at 1.0220 HKD would be a sign of a further potential price plummet. Sellers would then use the next support located at 1.0172 HKD as an objective. Crossing it would then enable sellers to target 1.0129 HKD. Caution, a return to above the resistance located at 1.0259 HKD would be a sign of a possible consolidation phase of the short-term basic trend. 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, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
4.8
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The DKK/HKD rating is 1.0247 HKD. The price registered a decrease of -0.01% on the session with the lowest point at 1.0207 HKD and the highest point at 1.0314 HKD. The deviation from the price is +0.39% for the low point and -0.65% for the high point.1.0207
1.0314
1.0247
Here is a more detailed summary of the historical variations registered by DKK/HKD:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
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
Technical
Technical analysis of this 1H chart of DKK/HKD indicates that the overall trend is strongly bearish. 85.71% of the signals given by moving averages are bearish. The slightly bearish signals from short-term moving averages show that the overall trend is slowing down. An assessment of moving averages reveals several bearish signals that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bearish trend reversal : adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel 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
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.0129 | 1.0172 | 1.0220 | 1.0247 | 1.0259 | 1.0381 | 1.0475 |
| Change (%) | -1.15% | -0.73% | -0.26% | - | +0.12% | +1.31% | +2.23% |
| Change | -0.0118 | -0.0075 | -0.0027 | - | +0.0012 | +0.0134 | +0.0228 |
| Level | Intermediate | Minor | Major | - | Intermediate | Intermediate | 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 | 1.0139 | 1.0178 | 1.0213 | 1.0252 | 1.0287 | 1.0326 | 1.0361 |
| Camarilla | 1.0228 | 1.0234 | 1.0241 | 1.0248 | 1.0255 | 1.0262 | 1.0268 |
| Woodie | 1.0137 | 1.0177 | 1.0211 | 1.0251 | 1.0285 | 1.0325 | 1.0359 |
| Fibonacci | 1.0178 | 1.0206 | 1.0224 | 1.0252 | 1.0280 | 1.0298 | 1.0326 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.9896 | 1.0082 | 1.0181 | 1.0367 | 1.0466 | 1.0652 | 1.0751 |
| Camarilla | 1.0202 | 1.0228 | 1.0254 | 1.0280 | 1.0306 | 1.0332 | 1.0358 |
| Woodie | 0.9853 | 1.0060 | 1.0138 | 1.0345 | 1.0423 | 1.0630 | 1.0708 |
| Fibonacci | 1.0082 | 1.0191 | 1.0258 | 1.0367 | 1.0476 | 1.0543 | 1.0652 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.9326 | 0.9697 | 1.0023 | 1.0394 | 1.0720 | 1.1091 | 1.1417 |
| Camarilla | 1.0158 | 1.0222 | 1.0286 | 1.0350 | 1.0414 | 1.0478 | 1.0542 |
| Woodie | 0.9305 | 0.9686 | 1.0002 | 1.0383 | 1.0699 | 1.1080 | 1.1396 |
| Fibonacci | 0.9697 | 0.9963 | 1.0127 | 1.0394 | 1.0660 | 1.0824 | 1.1091 |
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): | 47.24 | |
| MACD (12,26,9): | 0.0005 | |
| Directional Movement: | -2.3595 | |
| AROON (14): | 71.4285 | |
| DEMA (21): | 1.0258 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.0314 | |
| Elder Ray (13): | -0.0017 | |
| Super Trend (3,10): | 1.0221 | |
| Zig ZAG (10): | 1.0245 | |
| VORTEX (21): | 0.9828 | |
| Stochastique (14,3,5): | 49.23 | |
| TEMA (21): | 1.0271 | |
| Williams %R (14): | -66.35 | |
| Chande Momentum Oscillator (20): | 0.0010 | |
| Repulse (5,40,3): | -0.2445 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0032 | |
| Courbe Coppock: | 0.71 |
| MA7: | 1.0354 | |
| MA20: | 1.0374 | |
| MA50: | 1.0528 | |
| MA100: | 1.0753 | |
| MAexp7: | 1.0261 | |
| MAexp20: | 1.0254 | |
| MAexp50: | 1.0265 | |
| MAexp100: | 1.0295 | |
| Price / MA7: | -1.03% | |
| Price / MA20: | -1.22% | |
| Price / MA50: | -2.67% | |
| Price / MA100: | -4.71% | |
| Price / MAexp7: | -0.14% | |
| Price / MAexp20: | -0.07% | |
| Price / MAexp50: | -0.18% | |
| Price / MAexp100: | -0.47% |
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.
About author
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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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