DKK/HKD
DKK HKD
- HKD (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
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High: -
High / Low range: -
Type: Forex
Ticker: DKKHKD
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DKK/HKD - Daily - Technical analysis published on 01/23/2023 (GMT)

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  • Timeframe : Daily
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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

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

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.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

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:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Central Indicators

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:

Central Patterns

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:

Central Candlesticks

Bullish engulfing lines

Type : Bullish

Timeframe : Daily




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
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
Standard1.14161.14201.14261.14301.14361.14401.1446
Camarilla1.14281.14291.14301.14311.14321.14331.1434
Woodie1.14161.14211.14261.14311.14361.14411.1446
Fibonacci1.14201.14241.14271.14301.14341.14371.1440


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.12231.12731.13471.13971.14711.15211.1595
Camarilla1.13881.13991.14111.14221.14331.14451.1456
Woodie1.12361.12791.13601.14031.14841.15271.1608
Fibonacci1.12731.13201.13491.13971.14441.14731.1521


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.06421.07631.10021.11231.13621.14831.1722
Camarilla1.11431.11761.12091.12421.12751.13081.1341
Woodie1.07021.07931.10621.11531.14221.15131.1782
Fibonacci1.07631.09001.09851.11231.12601.13451.1483

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.

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