DKK/HKD
DKK HKD
- HKD (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
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High: -
High / Low range: -
Type: Forex
Ticker: DKKHKD
ISIN:

DKK/HKD - 1H - Technical analysis published on 10/26/2023 (GMT)

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  • Timeframe : 1H
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  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Neutral
Underlying: Bearish
Technical indicators
67%
6%
28%
My opinion
Bearish under 1.1092 HKD
My targets
1.1042 HKD (-0.0028)
1.1027 HKD (-0.0043)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 1.1092 HKD remains possible. It is advisable to trade DKK/HKD with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 1.1092 HKD. The next bearish objective for sellers is set at 1.1042 HKD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.1027 HKD. In case of crossing, the next objective would be the support located at 1.0878 HKD. PS: if there is a bullish break in the resistance located at 1.1092 HKD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.

Technical indicators are opposing the general bearish 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
0.5

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

Additional analysis

Quotes

DKK/HKD rating 1.1070 HKD. On the day, this instrument lost -0.04% with the lowest point at 1.1027 HKD and the highest point at 1.1077 HKD. The deviation from the price is +0.39% for the low point and -0.06% for the high point.

1.1027
1.1077
1.1070

So that you have an overall view of the price change, here is a table showing the variations over several periods:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

Near a new LOW record (1 year)

Type : Bearish

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 1H of this DKK/HKD chart shows a bearish trend. The signals given by moving averages are 71.43% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:

Central Indicators

Bullish trend reversal : Moving Average 20

Type : Bullish

Timeframe : 1 hour



The technical indicators are bullish. There is still some doubt about the price increase.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

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

Central Indicators

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour


Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour



No result was found by the Central Candlesticks scanner on Japanese candlesticks.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1.0878 1.1027 1.1042 1.1070 1.1072 1.1092 1.1119
Change (%) -1.73% -0.39% -0.25% - +0.02% +0.20% +0.44%
Change -0.0192 -0.0043 -0.0028 - +0.0002 +0.0022 +0.0049
Level Major Intermediate Minor - Intermediate Minor Major



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
Standard1.10051.10371.10551.10871.11051.11371.1155
Camarilla1.10601.10651.10691.10741.10791.10831.1088
Woodie1.09991.10341.10491.10841.10991.11341.1149
Fibonacci1.10371.10561.10681.10871.11061.11181.1137


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.09411.09831.10431.10851.11451.11871.1247
Camarilla1.10741.10831.10931.11021.11111.11211.1130
Woodie1.09491.09881.10511.10901.11531.11921.1255
Fibonacci1.09831.10221.10461.10851.11241.11481.1187


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.04671.07341.09191.11861.13711.16381.1823
Camarilla1.09791.10201.10621.11031.11441.11861.1227
Woodie1.04251.07141.08771.11661.13291.16181.1781
Fibonacci1.07341.09071.10141.11861.13591.14661.1638

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): 53.81
MACD (12,26,9): -0.0003
Directional Movement: 5.9628
AROON (14): 57.1429
DEMA (21): 1.1053
Parabolic SAR (0,02-0,02-0,2): 1.1033
Elder Ray (13): 0.0009
Super Trend (3,10): 1.1072
Zig ZAG (10): 1.1069
VORTEX (21): 1.0103
Stochastique (14,3,5): 92.42
TEMA (21): 1.1061
Williams %R (14): -4.55
Chande Momentum Oscillator (20): 0.0025
Repulse (5,40,3): 0.0981
ROCnROLL: -1
TRIX (15,9): -0.0095
Courbe Coppock: 0.17
MA7: 1.1099
MA20: 1.1080
MA50: 1.1200
MA100: 1.1361
MAexp7: 1.1062
MAexp20: 1.1060
MAexp50: 1.1074
MAexp100: 1.1086
Price / MA7: -0.26%
Price / MA20: -0.09%
Price / MA50: -1.16%
Price / MA100: -2.56%
Price / MAexp7: +0.07%
Price / MAexp20: +0.09%
Price / MAexp50: -0.04%
Price / MAexp100: -0.14%

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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