DKK/HKD - 1H - Technical analysis published on 03/20/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
39%
22%
39%
My opinion
Bearish under 1.1458 HKD
My targets
1.1365 HKD (-0.0025)
1.1241 HKD (-0.0149)
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 1.1458 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 1.1458 HKD. The next bearish objective for sellers is set at 1.1365 HKD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.1241 HKD. In case of crossing, the next objective would be the support located at 1.1166 HKD. PS: if there is a bullish break in the resistance located at 1.1458 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.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
3.8
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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 1.1390 HKD. The price registered a decrease of -0.03% on the session and was between 1.1368 HKD and 1.1405 HKD. This implies that the price is at +0.19% from its lowest and at -0.13% from its highest.1.1368
1.1405
1.1390
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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 this 1H chart of DKK/HKD indicates that the overall trend is bearish. 78.57% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. An assessment of moving averages reveals several bullish signals that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
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 | 1.1166 | 1.1241 | 1.1365 | 1.1390 | 1.1401 | 1.1458 | 1.1481 |
| Change (%) | -1.97% | -1.31% | -0.22% | - | +0.10% | +0.60% | +0.80% |
| Change | -0.0224 | -0.0149 | -0.0025 | - | +0.0011 | +0.0068 | +0.0091 |
| Level | Minor | Major | Intermediate | - | Major | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.1326 | 1.1346 | 1.1369 | 1.1389 | 1.1412 | 1.1432 | 1.1455 |
| Camarilla | 1.1381 | 1.1385 | 1.1389 | 1.1393 | 1.1397 | 1.1401 | 1.1405 |
| Woodie | 1.1329 | 1.1347 | 1.1372 | 1.1390 | 1.1415 | 1.1433 | 1.1458 |
| Fibonacci | 1.1346 | 1.1362 | 1.1372 | 1.1389 | 1.1405 | 1.1415 | 1.1432 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.1290 | 1.1349 | 1.1385 | 1.1444 | 1.1480 | 1.1539 | 1.1575 |
| Camarilla | 1.1396 | 1.1405 | 1.1413 | 1.1422 | 1.1431 | 1.1439 | 1.1448 |
| Woodie | 1.1280 | 1.1343 | 1.1375 | 1.1438 | 1.1470 | 1.1533 | 1.1565 |
| Fibonacci | 1.1349 | 1.1385 | 1.1407 | 1.1444 | 1.1480 | 1.1502 | 1.1539 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.1017 | 1.1116 | 1.1233 | 1.1332 | 1.1449 | 1.1548 | 1.1665 |
| Camarilla | 1.1290 | 1.1309 | 1.1329 | 1.1349 | 1.1369 | 1.1389 | 1.1408 |
| Woodie | 1.1025 | 1.1121 | 1.1241 | 1.1337 | 1.1457 | 1.1553 | 1.1673 |
| Fibonacci | 1.1116 | 1.1199 | 1.1250 | 1.1332 | 1.1415 | 1.1466 | 1.1548 |
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): | 47.19 | |
| MACD (12,26,9): | -0.0005 | |
| Directional Movement: | -3.7527 | |
| AROON (14): | -14.2858 | |
| DEMA (21): | 1.1381 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.1397 | |
| Elder Ray (13): | 0.0001 | |
| Super Trend (3,10): | 1.1395 | |
| Zig ZAG (10): | 1.1387 | |
| VORTEX (21): | 0.9137 | |
| Stochastique (14,3,5): | 39.64 | |
| TEMA (21): | 1.1380 | |
| Williams %R (14): | -45.95 | |
| Chande Momentum Oscillator (20): | -0.0015 | |
| Repulse (5,40,3): | 0.1200 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0042 | |
| Courbe Coppock: | 0.31 |
| MA7: | 1.1425 | |
| MA20: | 1.1411 | |
| MA50: | 1.1379 | |
| MA100: | 1.1381 | |
| MAexp7: | 1.1382 | |
| MAexp20: | 1.1387 | |
| MAexp50: | 1.1395 | |
| MAexp100: | 1.1409 | |
| Price / MA7: | -0.31% | |
| Price / MA20: | -0.18% | |
| Price / MA50: | +0.10% | |
| Price / MA100: | +0.08% | |
| Price / MAexp7: | +0.07% | |
| Price / MAexp20: | +0.03% | |
| Price / MAexp50: | -0.04% | |
| Price / MAexp100: | -0.17% |
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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