DKK/HKD - Daily - Technical analysis published on 11/29/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
61%
11%
28%
My opinion
Bullish above 1.0579 HKD
My targets
1.1156 HKD (+0.0290)
1.1365 HKD (+0.0499)
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 1.0579 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. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
7
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
DKK/HKD rating 1.0866 HKD. On the day, this instrument lost -0.02% with the lowest point at 1.0844 HKD and the highest point at 1.0917 HKD. The deviation from the price is +0.20% for the low point and -0.47% for the high point.1.0844
1.0917
1.0866
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by DKK/HKD:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of DKK/HKD in Daily shows a strongly overall bullish trend. The signals given by the moving averages are 85.71% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators shows a moderate bullish signal.
Other results related to technical indicators were also found by the Central Indicators scanner:
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : Daily
Momentum indicator is back under 0
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 resistance of triangle
Type : Bearish
Timeframe : Daily
Near horizontal support
Type : Bullish
Timeframe : Daily
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 : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.0129 | 1.0285 | 1.0579 | 1.0866 | 1.0878 | 1.1156 | 1.1365 |
| Change (%) | -6.78% | -5.35% | -2.64% | - | +0.11% | +2.67% | +4.59% |
| Change | -0.0737 | -0.0581 | -0.0287 | - | +0.0012 | +0.0290 | +0.0499 |
| Level | Intermediate | Intermediate | Intermediate | - | Major | Minor | Intermediate |
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 | 1.0637 | 1.0748 | 1.0808 | 1.0919 | 1.0979 | 1.1090 | 1.1150 |
| Camarilla | 1.0821 | 1.0837 | 1.0852 | 1.0868 | 1.0884 | 1.0899 | 1.0915 |
| Woodie | 1.0612 | 1.0735 | 1.0783 | 1.0906 | 1.0954 | 1.1077 | 1.1125 |
| Fibonacci | 1.0748 | 1.0813 | 1.0854 | 1.0919 | 1.0984 | 1.1025 | 1.1090 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0521 | 1.0623 | 1.0770 | 1.0872 | 1.1019 | 1.1121 | 1.1268 |
| Camarilla | 1.0850 | 1.0872 | 1.0895 | 1.0918 | 1.0941 | 1.0964 | 1.0987 |
| Woodie | 1.0545 | 1.0634 | 1.0794 | 1.0883 | 1.1043 | 1.1132 | 1.1292 |
| Fibonacci | 1.0623 | 1.0718 | 1.0777 | 1.0872 | 1.0967 | 1.1026 | 1.1121 |
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 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): | 58.19 | |
| MACD (12,26,9): | 0.0110 | |
| Directional Movement: | 15.7981 | |
| AROON (14): | 85.7142 | |
| DEMA (21): | 1.0920 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.0748 | |
| Elder Ray (13): | 0.0047 | |
| Super Trend (3,10): | 1.0561 | |
| Zig ZAG (10): | 1.0861 | |
| VORTEX (21): | 1.1514 | |
| Stochastique (14,3,5): | 73.31 | |
| TEMA (21): | 1.0970 | |
| Williams %R (14): | -30.59 | |
| Chande Momentum Oscillator (20): | -0.0047 | |
| Repulse (5,40,3): | -0.8360 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1630 | |
| Courbe Coppock: | 5.54 |
| MA7: | 1.0874 | |
| MA20: | 1.0758 | |
| MA50: | 1.0519 | |
| MA100: | 1.0585 | |
| MAexp7: | 1.0876 | |
| MAexp20: | 1.0775 | |
| MAexp50: | 1.0647 | |
| MAexp100: | 1.0688 | |
| Price / MA7: | -0.07% | |
| Price / MA20: | +1.00% | |
| Price / MA50: | +3.30% | |
| Price / MA100: | +2.65% | |
| Price / MAexp7: | -0.09% | |
| Price / MAexp20: | +0.84% | |
| Price / MAexp50: | +2.06% | |
| Price / MAexp100: | +1.67% |
Quotes :
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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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