DKK/HKD - 1H - Technical analysis published on 08/30/2023 (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 bullish
Underlying:
Strongly bullish
Technical indicators
50%
17%
33%
My opinion
Bullish above 1.1409 HKD
My targets
1.1476 HKD (+0.0036)
1.1494 HKD (+0.0054)
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 1.1409 HKD. The buyers' bullish objective is set at 1.1476 HKD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.1494 HKD. If there is any crossing, the next objective would be the resistance located at 1.1660 HKD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.1
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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 1.1440 HKD. On the day, this instrument lost -0.02% and was between 1.1437 HKD and 1.1446 HKD. This implies that the price is at +0.03% from its lowest and at -0.05% from its highest.1.1437
1.1446
1.1440
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
Technical analysis of this 1H chart of DKK/HKD indicates that the overall trend is strongly bullish. 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, according to the parameters integrated into the Central Analyzer system, only 9 technical indicators out of 18 analysed are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 1.1328 | 1.1364 | 1.1409 | 1.1440 | 1.1442 | 1.1476 | 1.1494 |
| Change (%) | -0.98% | -0.66% | -0.27% | - | +0.02% | +0.31% | +0.47% |
| Change | -0.0112 | -0.0076 | -0.0031 | - | +0.0002 | +0.0036 | +0.0054 |
| Level | Intermediate | Minor | Intermediate | - | Major | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.1260 | 1.1306 | 1.1374 | 1.1420 | 1.1488 | 1.1534 | 1.1602 |
| Camarilla | 1.1411 | 1.1421 | 1.1432 | 1.1442 | 1.1453 | 1.1463 | 1.1473 |
| Woodie | 1.1271 | 1.1312 | 1.1385 | 1.1426 | 1.1499 | 1.1540 | 1.1613 |
| Fibonacci | 1.1306 | 1.1350 | 1.1377 | 1.1420 | 1.1464 | 1.1491 | 1.1534 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.1134 | 1.1231 | 1.1299 | 1.1396 | 1.1464 | 1.1561 | 1.1629 |
| Camarilla | 1.1321 | 1.1336 | 1.1351 | 1.1366 | 1.1381 | 1.1396 | 1.1411 |
| Woodie | 1.1119 | 1.1224 | 1.1284 | 1.1389 | 1.1449 | 1.1554 | 1.1614 |
| Fibonacci | 1.1231 | 1.1294 | 1.1333 | 1.1396 | 1.1459 | 1.1498 | 1.1561 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0857 | 1.1114 | 1.1311 | 1.1568 | 1.1765 | 1.2022 | 1.2219 |
| Camarilla | 1.1382 | 1.1424 | 1.1465 | 1.1507 | 1.1549 | 1.1590 | 1.1632 |
| Woodie | 1.0826 | 1.1099 | 1.1280 | 1.1553 | 1.1734 | 1.2007 | 1.2188 |
| Fibonacci | 1.1114 | 1.1288 | 1.1395 | 1.1568 | 1.1742 | 1.1849 | 1.2022 |
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): | 59.62 | |
| MACD (12,26,9): | 0.0017 | |
| Directional Movement: | 12.1127 | |
| AROON (14): | 42.8572 | |
| DEMA (21): | 1.1447 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.1417 | |
| Elder Ray (13): | 0.0006 | |
| Super Trend (3,10): | 1.1410 | |
| Zig ZAG (10): | 1.1442 | |
| VORTEX (21): | 1.1047 | |
| Stochastique (14,3,5): | 79.53 | |
| TEMA (21): | 1.1456 | |
| Williams %R (14): | -21.05 | |
| Chande Momentum Oscillator (20): | 0.0067 | |
| Repulse (5,40,3): | -0.0275 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0190 | |
| Courbe Coppock: | 1.17 |
| MA7: | 1.1406 | |
| MA20: | 1.1453 | |
| MA50: | 1.1521 | |
| MA100: | 1.1485 | |
| MAexp7: | 1.1443 | |
| MAexp20: | 1.1426 | |
| MAexp50: | 1.1405 | |
| MAexp100: | 1.1400 | |
| Price / MA7: | +0.30% | |
| Price / MA20: | -0.11% | |
| Price / MA50: | -0.70% | |
| Price / MA100: | -0.39% | |
| Price / MAexp7: | -0.03% | |
| Price / MAexp20: | +0.12% | |
| Price / MAexp50: | +0.31% | |
| Price / MAexp100: | +0.35% |
Quotes :
-
Real time data
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Forex
This member declared not having a position on this financial instrument or a related financial instrument.
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