DKK/HKD - 1H - Technical analysis published on 09/05/2023 (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
28%
44%
28%
My opinion
Bearish under 1.1360 HKD
My targets
1.1301 HKD (-0.0043)
1.1243 HKD (-0.0101)
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 1.1360 HKD. The next support located at 1.1301 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 1.1243 HKD. Below this support, sellers could then target 1.1119 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 not called into question, despite technical indicators being neutral.
Force
0
10
6.6
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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 price is 1.1344 HKD. On the day, this instrument lost -0.01% and was between 1.1335 HKD and 1.1357 HKD. This implies that the price is at +0.08% from its lowest and at -0.11% from its highest.1.1335
1.1357
1.1344
Here is a more detailed summary of the historical variations registered by DKK/HKD:
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 HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of DKK/HKD in 1H shows a overall strongly 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near resistance of channel
Type : Bearish
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 | 1.1119 | 1.1243 | 1.1335 | 1.1344 | 1.1360 | 1.1409 | 1.1462 |
| Change (%) | -1.98% | -0.89% | -0.08% | - | +0.14% | +0.57% | +1.04% |
| Change | -0.0225 | -0.0101 | -0.0009 | - | +0.0016 | +0.0065 | +0.0118 |
| Level | Intermediate | Major | Intermediate | - | Major | Minor | Intermediate |
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 | 1.1286 | 1.1310 | 1.1328 | 1.1352 | 1.1370 | 1.1394 | 1.1412 |
| Camarilla | 1.1334 | 1.1337 | 1.1341 | 1.1345 | 1.1349 | 1.1353 | 1.1357 |
| Woodie | 1.1282 | 1.1309 | 1.1324 | 1.1351 | 1.1366 | 1.1393 | 1.1408 |
| Fibonacci | 1.1310 | 1.1326 | 1.1336 | 1.1352 | 1.1368 | 1.1378 | 1.1394 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.1116 | 1.1228 | 1.1301 | 1.1413 | 1.1486 | 1.1598 | 1.1671 |
| Camarilla | 1.1324 | 1.1341 | 1.1358 | 1.1375 | 1.1392 | 1.1409 | 1.1426 |
| Woodie | 1.1098 | 1.1218 | 1.1283 | 1.1403 | 1.1468 | 1.1588 | 1.1653 |
| Fibonacci | 1.1228 | 1.1298 | 1.1342 | 1.1413 | 1.1483 | 1.1527 | 1.1598 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.1014 | 1.1171 | 1.1291 | 1.1448 | 1.1568 | 1.1725 | 1.1845 |
| Camarilla | 1.1334 | 1.1359 | 1.1385 | 1.1410 | 1.1435 | 1.1461 | 1.1486 |
| Woodie | 1.0995 | 1.1162 | 1.1272 | 1.1439 | 1.1549 | 1.1716 | 1.1826 |
| Fibonacci | 1.1171 | 1.1277 | 1.1343 | 1.1448 | 1.1554 | 1.1620 | 1.1725 |
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): | 42.12 | |
| MACD (12,26,9): | -0.0005 | |
| Directional Movement: | 1.4798 | |
| AROON (14): | -14.2857 | |
| DEMA (21): | 1.1340 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.1357 | |
| Elder Ray (13): | -0.0006 | |
| Super Trend (3,10): | 1.1366 | |
| Zig ZAG (10): | 1.1343 | |
| VORTEX (21): | 0.9534 | |
| Stochastique (14,3,5): | 39.66 | |
| TEMA (21): | 1.1346 | |
| Williams %R (14): | -63.64 | |
| Chande Momentum Oscillator (20): | -0.0008 | |
| Repulse (5,40,3): | 0.0112 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0074 | |
| Courbe Coppock: | 0.07 |
| MA7: | 1.1403 | |
| MA20: | 1.1428 | |
| MA50: | 1.1511 | |
| MA100: | 1.1478 | |
| MAexp7: | 1.1345 | |
| MAexp20: | 1.1348 | |
| MAexp50: | 1.1365 | |
| MAexp100: | 1.1386 | |
| Price / MA7: | -0.52% | |
| Price / MA20: | -0.74% | |
| Price / MA50: | -1.45% | |
| Price / MA100: | -1.17% | |
| Price / MAexp7: | -0.01% | |
| Price / MAexp20: | -0.04% | |
| Price / MAexp50: | -0.18% | |
| Price / MAexp100: | -0.37% |
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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