DKK/HKD - 1H - Technical analysis published on 07/21/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
44%
39%
My opinion
Bearish under 1.1712 HKD
My targets
1.1660 HKD (-0.0013)
1.1580 HKD (-0.0093)
My analysis
DKK/HKD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 1.1712 HKD. The next support located at 1.1660 HKD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 1.1580 HKD. Below this support, sellers could then target 1.1529 HKD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
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
The DKK/HKD rating is 1.1673 HKD. On the day, this instrument lost -0.03% and was between 1.1667 HKD and 1.1692 HKD. This implies that the price is at +0.05% from its lowest and at -0.16% from its highest.1.1667
1.1692
1.1673
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 HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this DKK/HKD chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, according to the parameters integrated into the Central Analyzer system, only 8 technical indicators out of 18 analysed are currently bearish. Other results related to technical indicators were also found by the Central Indicators scanner:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
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 support of channel
Type : Bullish
Timeframe : 1 hour
Near support of triangle
Type : Bullish
Timeframe : 1 hour
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 | 1.1529 | 1.1580 | 1.1660 | 1.1673 | 1.1712 | 1.1753 | 1.1797 |
| Change (%) | -1.23% | -0.80% | -0.11% | - | +0.33% | +0.69% | +1.06% |
| Change | -0.0144 | -0.0093 | -0.0013 | - | +0.0039 | +0.0080 | +0.0124 |
| Level | Minor | Minor | Major | - | Minor | Intermediate | Major |
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 | 1.1518 | 1.1588 | 1.1632 | 1.1702 | 1.1746 | 1.1816 | 1.1860 |
| Camarilla | 1.1645 | 1.1655 | 1.1666 | 1.1676 | 1.1687 | 1.1697 | 1.1707 |
| Woodie | 1.1505 | 1.1582 | 1.1619 | 1.1696 | 1.1733 | 1.1810 | 1.1847 |
| Fibonacci | 1.1588 | 1.1632 | 1.1659 | 1.1702 | 1.1746 | 1.1773 | 1.1816 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.1286 | 1.1392 | 1.1585 | 1.1691 | 1.1884 | 1.1990 | 1.2183 |
| Camarilla | 1.1696 | 1.1723 | 1.1751 | 1.1778 | 1.1805 | 1.1833 | 1.1860 |
| Woodie | 1.1330 | 1.1414 | 1.1629 | 1.1713 | 1.1928 | 1.2012 | 1.2227 |
| Fibonacci | 1.1392 | 1.1506 | 1.1577 | 1.1691 | 1.1805 | 1.1876 | 1.1990 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0899 | 1.1057 | 1.1259 | 1.1417 | 1.1619 | 1.1777 | 1.1979 |
| Camarilla | 1.1363 | 1.1396 | 1.1429 | 1.1462 | 1.1495 | 1.1528 | 1.1561 |
| Woodie | 1.0922 | 1.1068 | 1.1282 | 1.1428 | 1.1642 | 1.1788 | 1.2002 |
| Fibonacci | 1.1057 | 1.1194 | 1.1279 | 1.1417 | 1.1554 | 1.1639 | 1.1777 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 34.12 | |
| MACD (12,26,9): | -0.0013 | |
| Directional Movement: | -16.6370 | |
| AROON (14): | -7.1428 | |
| DEMA (21): | 1.1670 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.1664 | |
| Elder Ray (13): | -0.0009 | |
| Super Trend (3,10): | 1.1709 | |
| Zig ZAG (10): | 1.1673 | |
| VORTEX (21): | 0.8118 | |
| Stochastique (14,3,5): | 29.24 | |
| TEMA (21): | 1.1671 | |
| Williams %R (14): | -72.00 | |
| Chande Momentum Oscillator (20): | -0.0003 | |
| Repulse (5,40,3): | -0.0444 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0191 | |
| Courbe Coppock: | 0.02 |
| MA7: | 1.1744 | |
| MA20: | 1.1584 | |
| MA50: | 1.1451 | |
| MA100: | 1.1453 | |
| MAexp7: | 1.1678 | |
| MAexp20: | 1.1688 | |
| MAexp50: | 1.1713 | |
| MAexp100: | 1.1725 | |
| Price / MA7: | -0.60% | |
| Price / MA20: | +0.77% | |
| Price / MA50: | +1.94% | |
| Price / MA100: | +1.92% | |
| Price / MAexp7: | -0.04% | |
| Price / MAexp20: | -0.13% | |
| Price / MAexp50: | -0.34% | |
| Price / MAexp100: | -0.44% |
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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