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

DKK/HKD - 1H - Technical analysis published on 01/15/2024 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Bearish
Underlying: Bearish
Technical indicators
44%
22%
33%
My opinion
Bearish under 1.1507 HKD
My targets
1.1460 HKD (-0.0024)
1.1442 HKD (-0.0042)
My analysis
All elements being rather bearish, it would be possible for traders to trade only short positions (for sale) on DKK/HKD as long as the price remains well below 1.1507 HKD. The next bearish objective for sellers is set at 1.1460 HKD. A bearish break of this support would revive the bearish momentum. Sellers could then target the next support located at 1.1442 HKD. If there is any crossing, the next objective would be the support located at 1.1403 HKD. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bearish, basic trend. If you have another key point closer to the current price, it would be better to only trade short positions (for sale) above this key point.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
2.5

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

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

Additional analysis

Quotes

The DKK/HKD price is 1.1484 HKD. The price is lower by -0.03% since the last closing and was between 1.1466 HKD and 1.1499 HKD. This implies that the price is at +0.16% from its lowest and at -0.13% from its highest.

1.1466
1.1499
1.1484

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by DKK/HKD:
The Central Records scanner for higher/lower results shows the following items:

Central Records

Near a new LOW record (1 year)

Type : Bearish

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


A technical analysis in 1H of this DKK/HKD chart shows a bearish trend. 64.29% of the signals given by moving averages are bearish. The overall trend seems to be showing some signs of weakness, as do the tentative bearish signals from short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:

Central Indicators

Bullish price crossover with Moving Average 100

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : 1 hour



An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

MACD indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Price is back over the pivot point

Type : Bullish

Timeframe : 1 hour


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly


Williams %R indicator is back over -50

Type : Bullish

Timeframe : 1 hour



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Central Patterns

Near support of channel

Type : Bullish

Timeframe : 1 hour


Near support of triangle

Type : Bullish

Timeframe : 1 hour



The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1.1403 1.1442 1.1460 1.1484 1.1485 1.1507 1.1533
Change (%) -0.71% -0.37% -0.21% - +0.01% +0.20% +0.43%
Change -0.0081 -0.0042 -0.0024 - +0.0001 +0.0023 +0.0049
Level Minor Major Minor - Intermediate Major Minor



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
Standard1.14151.14441.14651.14941.15151.15441.1565
Camarilla1.14731.14781.14821.14871.14921.14961.1501
Woodie1.14121.14421.14621.14921.15121.15421.1562
Fibonacci1.14441.14631.14751.14941.15131.15251.1544


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.13371.13861.14361.14851.15351.15841.1634
Camarilla1.14601.14691.14781.14871.14961.15051.1514
Woodie1.13391.13861.14381.14851.15371.15841.1636
Fibonacci1.13861.14241.14471.14851.15231.15461.1584


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.08591.10471.13011.14891.17431.19311.2185
Camarilla1.14331.14731.15141.15541.15951.16351.1676
Woodie1.08911.10641.13331.15061.17751.19481.2217
Fibonacci1.10471.12161.13211.14891.16581.17631.1931

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): 48.84
MACD (12,26,9): -0.0003
Directional Movement: -9.5647
AROON (14): -50.0000
DEMA (21): 1.1484
Parabolic SAR (0,02-0,02-0,2): 1.1498
Elder Ray (13): -0.0004
Super Trend (3,10): 1.1507
Zig ZAG (10): 1.1486
VORTEX (21): 0.9250
Stochastique (14,3,5): 38.38
TEMA (21): 1.1482
Williams %R (14): -36.36
Chande Momentum Oscillator (20): 0.0002
Repulse (5,40,3): 0.0462
ROCnROLL: -1
TRIX (15,9): -0.0033
Courbe Coppock: 0.03
MA7: 1.1482
MA20: 1.1497
MA50: 1.1406
MA100: 1.1287
MAexp7: 1.1483
MAexp20: 1.1488
MAexp50: 1.1490
MAexp100: 1.1488
Price / MA7: +0.02%
Price / MA20: -0.11%
Price / MA50: +0.68%
Price / MA100: +1.75%
Price / MAexp7: +0.01%
Price / MAexp20: -0.03%
Price / MAexp50: -0.05%
Price / MAexp100: -0.03%

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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