DKK/HKD - 1H - Technical analysis published on 01/23/2024 (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%
50%
33%
My opinion
Bearish under 1.1442 HKD
My targets
1.1376 HKD (-0.0021)
1.1244 HKD (-0.0153)
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 1.1442 HKD. The next support located at 1.1376 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 1.1244 HKD. Below this support, sellers could then target 1.1166 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.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
6.4
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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 1.1397 HKD. On the day, this instrument lost -0.04% and was traded between 1.1391 HKD and 1.1448 HKD over the period. The price is currently at +0.05% from its lowest and -0.45% from its highest.1.1391
1.1448
1.1397
A study of price movements over other periods shows the following variations:
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
Technical analysis of DKK/HKD in 1H shows a overall strongly bearish trend. 85.71% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, according to the parameters integrated into the Central Analyzer system, only 9 technical indicators out of 18 analysed are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
CCI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.1244 | 1.1376 | 1.1388 | 1.1397 | 1.1404 | 1.1442 | 1.1471 |
| Change (%) | -1.34% | -0.18% | -0.08% | - | +0.06% | +0.39% | +0.65% |
| Change | -0.0153 | -0.0021 | -0.0009 | - | +0.0007 | +0.0045 | +0.0074 |
| Level | Major | Intermediate | Minor | - | Intermediate | Major | Minor |
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 | 1.1354 | 1.1377 | 1.1389 | 1.1412 | 1.1424 | 1.1447 | 1.1459 |
| Camarilla | 1.1391 | 1.1395 | 1.1398 | 1.1401 | 1.1404 | 1.1407 | 1.1411 |
| Woodie | 1.1349 | 1.1374 | 1.1384 | 1.1409 | 1.1419 | 1.1444 | 1.1454 |
| Fibonacci | 1.1377 | 1.1390 | 1.1399 | 1.1412 | 1.1425 | 1.1434 | 1.1447 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.1243 | 1.1309 | 1.1367 | 1.1433 | 1.1491 | 1.1557 | 1.1615 |
| Camarilla | 1.1391 | 1.1402 | 1.1414 | 1.1425 | 1.1436 | 1.1448 | 1.1459 |
| Woodie | 1.1239 | 1.1307 | 1.1363 | 1.1431 | 1.1487 | 1.1555 | 1.1611 |
| Fibonacci | 1.1309 | 1.1356 | 1.1386 | 1.1433 | 1.1480 | 1.1510 | 1.1557 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0859 | 1.1047 | 1.1301 | 1.1489 | 1.1743 | 1.1931 | 1.2185 |
| Camarilla | 1.1433 | 1.1473 | 1.1514 | 1.1554 | 1.1595 | 1.1635 | 1.1676 |
| Woodie | 1.0891 | 1.1064 | 1.1333 | 1.1506 | 1.1775 | 1.1948 | 1.2217 |
| Fibonacci | 1.1047 | 1.1216 | 1.1321 | 1.1489 | 1.1658 | 1.1763 | 1.1931 |
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): | 36.57 | |
| MACD (12,26,9): | -0.0002 | |
| Directional Movement: | -11.6158 | |
| AROON (14): | -28.5714 | |
| DEMA (21): | 1.1414 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.1445 | |
| Elder Ray (13): | -0.0017 | |
| Super Trend (3,10): | 1.1436 | |
| Zig ZAG (10): | 1.1394 | |
| VORTEX (21): | 0.9380 | |
| Stochastique (14,3,5): | 9.06 | |
| TEMA (21): | 1.1412 | |
| Williams %R (14): | -91.23 | |
| Chande Momentum Oscillator (20): | -0.0010 | |
| Repulse (5,40,3): | -0.1466 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0010 | |
| Courbe Coppock: | 0.09 |
| MA7: | 1.1421 | |
| MA20: | 1.1478 | |
| MA50: | 1.1429 | |
| MA100: | 1.1287 | |
| MAexp7: | 1.1411 | |
| MAexp20: | 1.1416 | |
| MAexp50: | 1.1417 | |
| MAexp100: | 1.1420 | |
| Price / MA7: | -0.21% | |
| Price / MA20: | -0.71% | |
| Price / MA50: | -0.28% | |
| Price / MA100: | +0.97% | |
| Price / MAexp7: | -0.12% | |
| Price / MAexp20: | -0.17% | |
| Price / MAexp50: | -0.18% | |
| Price / MAexp100: | -0.20% |
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.
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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