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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 02/22/2024 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 1.1401 HKD
My targets
1.1508 HKD (+0.0090)
1.1637 HKD (+0.0219)
My analysis
The bullish trend is currently very strong on DKK/HKD. As long as the price remains above the support at 1.1401 HKD, you could try to benefit from the boom. The first bullish objective is located at 1.1508 HKD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1.1637 HKD as an objective. Crossing it would then enable buyers to target 1.1776 HKD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

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
9.1

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 1.1418 HKD. The price has increased by +0.58% since the last closing and was between 1.1351 HKD and 1.1424 HKD. This implies that the price is at +0.59% from its lowest and at -0.05% from its highest.

1.1351
1.1424
1.1418

A study of price movements over other periods shows the following variations:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

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 LOW record (1 month)

Type : Bearish

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. This strongly bullish trend is supported by the strong bullish 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 shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

RSI indicator is overbought : over 80

Type : Neutral

Timeframe : 1 hour


CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Previous candle closed over Bollinger bands

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 these signals:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly


Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 1 hour



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



Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these bullish signals that could support the hypothesis of a small rebound in the very short term:

Central Candlesticks

White line without lower shadow

Type : Bullish

Timeframe : 1 hour


Long white line

Type : Bullish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1.1349 1.1373 1.1401 1.1418 1.1508 1.1637 1.1776
Change (%) -0.60% -0.39% -0.15% - +0.79% +1.92% +3.14%
Change -0.0069 -0.0045 -0.0017 - +0.0090 +0.0219 +0.0358
Level Minor Intermediate Minor - Intermediate Intermediate Major



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
Standard1.12931.13071.13291.13431.13651.13791.1401
Camarilla1.13421.13451.13491.13521.13551.13591.1362
Woodie1.12981.13091.13341.13451.13701.13811.1406
Fibonacci1.13071.13201.13291.13431.13561.13651.1379


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.11191.11681.12371.12861.13551.14041.1473
Camarilla1.12751.12851.12961.13071.13181.13291.1340
Woodie1.11301.11731.12481.12911.13661.14091.1484
Fibonacci1.11681.12131.12411.12861.13311.13591.1404


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.09801.11481.12391.14071.14981.16661.1757
Camarilla1.12581.12821.13051.13291.13531.13771.1400
Woodie1.09411.11291.12001.13881.14591.16471.1718
Fibonacci1.11481.12471.13081.14071.15061.15671.1666

Numerical data


The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators
Moving averages

RSI (14): 85.22
MACD (12,26,9): 0.0013
Directional Movement: 42.4618
AROON (14): 100.0000
DEMA (21): 1.1378
Parabolic SAR (0,02-0,02-0,2): 1.1352
Elder Ray (13): 0.0035
Super Trend (3,10): 1.1370
Zig ZAG (10): 1.1416
VORTEX (21): 1.2661
Stochastique (14,3,5): 96.02
TEMA (21): 1.1386
Williams %R (14): -6.82
Chande Momentum Oscillator (20): 0.0067
Repulse (5,40,3): 0.4814
ROCnROLL: 1
TRIX (15,9): 0.0099
Courbe Coppock: 0.62
MA7: 1.1326
MA20: 1.1322
MA50: 1.1410
MA100: 1.1320
MAexp7: 1.1382
MAexp20: 1.1363
MAexp50: 1.1346
MAexp100: 1.1329
Price / MA7: +0.81%
Price / MA20: +0.85%
Price / MA50: +0.07%
Price / MA100: +0.87%
Price / MAexp7: +0.32%
Price / MAexp20: +0.48%
Price / MAexp50: +0.63%
Price / MAexp100: +0.79%

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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Londinia AI

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