DKK/HKD - Daily - Technical analysis published on 01/23/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 1.1362 HKD
My targets
1.1740 HKD (+0.0281)
1.2545 HKD (+0.1086)
My analysis
The bullish trend is currently very strong on DKK/HKD. As long as the price remains above the support at 1.1362 HKD, you could try to benefit from the boom. The first bullish objective is located at 1.1740 HKD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1.2545 HKD as an objective. Crossing it would then enable buyers to target 1.2859 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
8.8
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Additional analysis
Quotes
DKK/HKD rating 1.1459 HKD. The price registered an increase of +0.25% on the session and was between 1.1430 HKD and 1.1469 HKD. This implies that the price is at +0.25% from its lowest and at -0.09% from its highest.1.1430
1.1469
1.1459
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
A study of price movements over other periods shows the following variations:
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of DKK/HKD in Daily shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 15 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 3
Type : Neutral
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 horizontal resistance
Type : Bearish
Timeframe : Daily
Near resistance of channel
Type : Bearish
Timeframe : Daily
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Bullish engulfing lines
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.0878 | 1.1052 | 1.1437 | 1.1459 | 1.1740 | 1.2545 | 1.2859 |
| Change (%) | -5.07% | -3.55% | -0.19% | - | +2.45% | +9.48% | +12.22% |
| Change | -0.0581 | -0.0407 | -0.0022 | - | +0.0281 | +0.1086 | +0.1400 |
| Level | Major | Intermediate | Major | - | Minor | Major | 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 | 1.1416 | 1.1420 | 1.1426 | 1.1430 | 1.1436 | 1.1440 | 1.1446 |
| Camarilla | 1.1428 | 1.1429 | 1.1430 | 1.1431 | 1.1432 | 1.1433 | 1.1434 |
| Woodie | 1.1416 | 1.1421 | 1.1426 | 1.1431 | 1.1436 | 1.1441 | 1.1446 |
| Fibonacci | 1.1420 | 1.1424 | 1.1427 | 1.1430 | 1.1434 | 1.1437 | 1.1440 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.1223 | 1.1273 | 1.1347 | 1.1397 | 1.1471 | 1.1521 | 1.1595 |
| Camarilla | 1.1388 | 1.1399 | 1.1411 | 1.1422 | 1.1433 | 1.1445 | 1.1456 |
| Woodie | 1.1236 | 1.1279 | 1.1360 | 1.1403 | 1.1484 | 1.1527 | 1.1608 |
| Fibonacci | 1.1273 | 1.1320 | 1.1349 | 1.1397 | 1.1444 | 1.1473 | 1.1521 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0642 | 1.0763 | 1.1002 | 1.1123 | 1.1362 | 1.1483 | 1.1722 |
| Camarilla | 1.1143 | 1.1176 | 1.1209 | 1.1242 | 1.1275 | 1.1308 | 1.1341 |
| Woodie | 1.0702 | 1.0793 | 1.1062 | 1.1153 | 1.1422 | 1.1513 | 1.1782 |
| Fibonacci | 1.0763 | 1.0900 | 1.0985 | 1.1123 | 1.1260 | 1.1345 | 1.1483 |
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): | 69.60 | |
| MACD (12,26,9): | 0.0100 | |
| Directional Movement: | 13.5458 | |
| AROON (14): | 85.7143 | |
| DEMA (21): | 1.1432 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.1314 | |
| Elder Ray (13): | 0.0098 | |
| Super Trend (3,10): | 1.1208 | |
| Zig ZAG (10): | 1.1465 | |
| VORTEX (21): | 1.1564 | |
| Stochastique (14,3,5): | 96.87 | |
| TEMA (21): | 1.1445 | |
| Williams %R (14): | -0.22 | |
| Chande Momentum Oscillator (20): | 0.0296 | |
| Repulse (5,40,3): | 0.7303 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1162 | |
| Courbe Coppock: | 4.36 |
| MA7: | 1.1398 | |
| MA20: | 1.1281 | |
| MA50: | 1.1116 | |
| MA100: | 1.0787 | |
| MAexp7: | 1.1403 | |
| MAexp20: | 1.1301 | |
| MAexp50: | 1.1117 | |
| MAexp100: | 1.0975 | |
| Price / MA7: | +0.54% | |
| Price / MA20: | +1.58% | |
| Price / MA50: | +3.09% | |
| Price / MA100: | +6.23% | |
| Price / MAexp7: | +0.49% | |
| Price / MAexp20: | +1.40% | |
| Price / MAexp50: | +3.08% | |
| Price / MAexp100: | +4.41% |
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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