DKK/HKD - Daily - Technical analysis published on 11/20/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 1.0576 HKD
My targets
1.1156 HKD (+0.0296)
1.1365 HKD (+0.0505)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on DKK/HKD as long as the price remains well above 1.0576 HKD. The buyers' bullish objective is set at 1.1156 HKD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.1365 HKD. If there is any crossing, the next objective would be the resistance located at 1.1740 HKD.
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
6.6
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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 1.0860 HKD. The price registered a decrease of -0.01% on the session and was between 1.0854 HKD and 1.0863 HKD. This implies that the price is at +0.06% from its lowest and at -0.03% from its highest.1.0854
1.0863
1.0860
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 HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this DKK/HKD chart shows a bullish trend. 75.00% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals 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, according to the parameters integrated into the Central Analyzer system, 14 technical indicators out of 18 analysed are currently bullish. The Central Indicators scanner specialised in technical indicators, has not detected anything further.
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 resistance of channel
Type : Bearish
Timeframe : Daily
Near resistance of triangle
Type : Bearish
Timeframe : Daily
Near horizontal support
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.0129 | 1.0285 | 1.0576 | 1.0860 | 1.0878 | 1.1156 | 1.1365 |
| Change (%) | -6.73% | -5.29% | -2.62% | - | +0.17% | +2.73% | +4.65% |
| Change | -0.0731 | -0.0575 | -0.0284 | - | +0.0018 | +0.0296 | +0.0505 |
| Level | Intermediate | Intermediate | Intermediate | - | Major | Minor | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0743 | 1.0796 | 1.0828 | 1.0881 | 1.0913 | 1.0966 | 1.0998 |
| Camarilla | 1.0838 | 1.0845 | 1.0853 | 1.0861 | 1.0869 | 1.0877 | 1.0884 |
| Woodie | 1.0734 | 1.0791 | 1.0819 | 1.0876 | 1.0904 | 1.0961 | 1.0989 |
| Fibonacci | 1.0796 | 1.0828 | 1.0848 | 1.0881 | 1.0913 | 1.0933 | 1.0966 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0560 | 1.0686 | 1.0773 | 1.0899 | 1.0986 | 1.1112 | 1.1199 |
| Camarilla | 1.0802 | 1.0822 | 1.0842 | 1.0861 | 1.0881 | 1.0900 | 1.0920 |
| Woodie | 1.0542 | 1.0676 | 1.0755 | 1.0889 | 1.0968 | 1.1102 | 1.1181 |
| Fibonacci | 1.0686 | 1.0767 | 1.0817 | 1.0899 | 1.0980 | 1.1030 | 1.1112 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.9685 | 0.9925 | 1.0173 | 1.0413 | 1.0661 | 1.0901 | 1.1149 |
| Camarilla | 1.0288 | 1.0333 | 1.0377 | 1.0422 | 1.0467 | 1.0512 | 1.0556 |
| Woodie | 0.9690 | 0.9927 | 1.0178 | 1.0415 | 1.0666 | 1.0903 | 1.1154 |
| Fibonacci | 0.9925 | 1.0111 | 1.0226 | 1.0413 | 1.0599 | 1.0714 | 1.0901 |
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): | 62.90 | |
| MACD (12,26,9): | 0.0129 | |
| Directional Movement: | 18.2944 | |
| AROON (14): | 57.1429 | |
| DEMA (21): | 1.0841 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.0557 | |
| Elder Ray (13): | 0.0097 | |
| Super Trend (3,10): | 1.0478 | |
| Zig ZAG (10): | 1.0860 | |
| VORTEX (21): | 1.2149 | |
| Stochastique (14,3,5): | 80.26 | |
| TEMA (21): | 1.0940 | |
| Williams %R (14): | -21.71 | |
| Chande Momentum Oscillator (20): | 0.0574 | |
| Repulse (5,40,3): | -0.0095 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1405 | |
| Courbe Coppock: | 7.84 |
| MA7: | 1.0889 | |
| MA20: | 1.0646 | |
| MA50: | 1.0480 | |
| MA100: | 1.0574 | |
| MAexp7: | 1.0841 | |
| MAexp20: | 1.0688 | |
| MAexp50: | 1.0584 | |
| MAexp100: | 1.0663 | |
| Price / MA7: | -0.27% | |
| Price / MA20: | +2.01% | |
| Price / MA50: | +3.63% | |
| Price / MA100: | +2.70% | |
| Price / MAexp7: | +0.18% | |
| Price / MAexp20: | +1.61% | |
| Price / MAexp50: | +2.61% | |
| Price / MAexp100: | +1.85% |
Quotes :
-
Real time data
-
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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