DKK/HKD - Daily - Technical analysis published on 05/12/2023 (GMT)
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I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
17%
56%
28%
My opinion
Bullish above 1.1237 HKD
My targets
1.1653 HKD (+0.0172)
1.2054 HKD (+0.0573)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on DKK/HKD. As long as you are above the support located at 1.1237 HKD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 1.1653 HKD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 1.2054 HKD as an objective. Crossing it would then enable buyers to target 1.2545 HKD. If the support 1.1237 HKD were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
Technical indicators are opposing the general bullish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
1.3
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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 1.1481 HKD. On the day, this instrument lost -0.01% with the lowest point at 1.1473 HKD and the highest point at 1.1515 HKD. The deviation from the price is +0.07% for the low point and -0.30% for the high point.1.1473
1.1515
1.1481
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 year)
Type : Bullish
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
A technical analysis in Daily of this DKK/HKD chart shows a bullish trend. 71.43% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : Daily
The probability of a further decline is moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal support
Type : Bullish
Timeframe : Daily
Support of channel is broken
Type : Bearish
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 | 1.0878 | 1.1119 | 1.1442 | 1.1481 | 1.1653 | 1.2545 | 1.2859 |
| Change (%) | -5.25% | -3.15% | -0.34% | - | +1.50% | +9.27% | +12.00% |
| Change | -0.0603 | -0.0362 | -0.0039 | - | +0.0172 | +0.1064 | +0.1378 |
| Level | Major | Intermediate | Intermediate | - | Major | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.1353 | 1.1411 | 1.1446 | 1.1504 | 1.1539 | 1.1597 | 1.1632 |
| Camarilla | 1.1456 | 1.1465 | 1.1474 | 1.1482 | 1.1491 | 1.1499 | 1.1508 |
| Woodie | 1.1343 | 1.1405 | 1.1436 | 1.1498 | 1.1529 | 1.1591 | 1.1622 |
| Fibonacci | 1.1411 | 1.1446 | 1.1468 | 1.1504 | 1.1539 | 1.1561 | 1.1597 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.1361 | 1.1443 | 1.1523 | 1.1605 | 1.1685 | 1.1767 | 1.1847 |
| Camarilla | 1.1560 | 1.1574 | 1.1589 | 1.1604 | 1.1619 | 1.1634 | 1.1649 |
| Woodie | 1.1361 | 1.1443 | 1.1523 | 1.1605 | 1.1685 | 1.1767 | 1.1847 |
| Fibonacci | 1.1443 | 1.1505 | 1.1543 | 1.1605 | 1.1667 | 1.1705 | 1.1767 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.1106 | 1.1237 | 1.1422 | 1.1553 | 1.1738 | 1.1869 | 1.2054 |
| Camarilla | 1.1519 | 1.1548 | 1.1577 | 1.1606 | 1.1635 | 1.1664 | 1.1693 |
| Woodie | 1.1132 | 1.1251 | 1.1448 | 1.1567 | 1.1764 | 1.1883 | 1.2080 |
| Fibonacci | 1.1237 | 1.1358 | 1.1433 | 1.1553 | 1.1674 | 1.1749 | 1.1869 |
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): | 44.39 | |
| MACD (12,26,9): | 0.0014 | |
| Directional Movement: | -3.0213 | |
| AROON (14): | -42.8571 | |
| DEMA (21): | 1.1582 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.1663 | |
| Elder Ray (13): | -0.0060 | |
| Super Trend (3,10): | 1.1379 | |
| Zig ZAG (10): | 1.1478 | |
| VORTEX (21): | 0.9474 | |
| Stochastique (14,3,5): | 12.61 | |
| TEMA (21): | 1.1548 | |
| Williams %R (14): | -95.41 | |
| Chande Momentum Oscillator (20): | -0.0154 | |
| Repulse (5,40,3): | -0.8437 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0488 | |
| Courbe Coppock: | 0.59 |
| MA7: | 1.1552 | |
| MA20: | 1.1573 | |
| MA50: | 1.1457 | |
| MA100: | 1.1373 | |
| MAexp7: | 1.1536 | |
| MAexp20: | 1.1551 | |
| MAexp50: | 1.1477 | |
| MAexp100: | 1.1351 | |
| Price / MA7: | -0.61% | |
| Price / MA20: | -0.79% | |
| Price / MA50: | +0.21% | |
| Price / MA100: | +0.95% | |
| Price / MAexp7: | -0.48% | |
| Price / MAexp20: | -0.61% | |
| Price / MAexp50: | +0.03% | |
| Price / MAexp100: | +1.15% |
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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