DKK/NOK - 1H - Technical analysis published on 07/20/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
33%
44%
22%
My opinion
Bearish under 1.3672 NOK
My targets
1.3596 NOK (-0.0014)
1.3509 NOK (-0.0101)
My analysis
DKK/NOK 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 1.3672 NOK. The next support located at 1.3596 NOK 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 1.3509 NOK. Below this support, sellers could then target 1.3413 NOK. 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 are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
6.4
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Additional analysis
Quotes
DKK/NOK rating 1.3610 NOK. On the day, this instrument lost -0.02% and was traded between 1.3587 NOK and 1.3619 NOK over the period. The price is currently at +0.17% from its lowest and -0.07% from its highest.1.3587
1.3619
1.3610
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of DKK/NOK in 1H shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 1.2709 | 1.3077 | 1.3413 | 1.3610 | 1.3719 | 1.3766 | 1.3813 |
| Change (%) | -6.62% | -3.92% | -1.45% | - | +0.80% | +1.15% | +1.49% |
| Change | -0.0901 | -0.0533 | -0.0197 | - | +0.0109 | +0.0156 | +0.0203 |
| Level | Intermediate | Minor | Major | - | Minor | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3390 | 1.3495 | 1.3553 | 1.3658 | 1.3716 | 1.3821 | 1.3879 |
| Camarilla | 1.3567 | 1.3582 | 1.3597 | 1.3612 | 1.3627 | 1.3642 | 1.3657 |
| Woodie | 1.3368 | 1.3483 | 1.3531 | 1.3646 | 1.3694 | 1.3809 | 1.3857 |
| Fibonacci | 1.3495 | 1.3557 | 1.3595 | 1.3658 | 1.3720 | 1.3758 | 1.3821 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3596 | 1.3672 | 1.3726 | 1.3802 | 1.3856 | 1.3932 | 1.3986 |
| Camarilla | 1.3745 | 1.3757 | 1.3769 | 1.3781 | 1.3793 | 1.3805 | 1.3817 |
| Woodie | 1.3586 | 1.3667 | 1.3716 | 1.3797 | 1.3846 | 1.3927 | 1.3976 |
| Fibonacci | 1.3672 | 1.3721 | 1.3752 | 1.3802 | 1.3851 | 1.3882 | 1.3932 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2814 | 1.3144 | 1.3509 | 1.3839 | 1.4204 | 1.4534 | 1.4899 |
| Camarilla | 1.3683 | 1.3747 | 1.3810 | 1.3874 | 1.3938 | 1.4001 | 1.4065 |
| Woodie | 1.2832 | 1.3153 | 1.3527 | 1.3848 | 1.4222 | 1.4543 | 1.4917 |
| Fibonacci | 1.3144 | 1.3410 | 1.3574 | 1.3839 | 1.4105 | 1.4269 | 1.4534 |
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): | 24.10 | |
| MACD (12,26,9): | -0.0032 | |
| Directional Movement: | -21.6863 | |
| AROON (14): | -85.7143 | |
| DEMA (21): | 1.3602 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.3587 | |
| Elder Ray (13): | -0.0017 | |
| Super Trend (3,10): | 1.3672 | |
| Zig ZAG (10): | 1.3611 | |
| VORTEX (21): | 0.7586 | |
| Stochastique (14,3,5): | 26.10 | |
| TEMA (21): | 1.3595 | |
| Williams %R (14): | -72.73 | |
| Chande Momentum Oscillator (20): | -0.0019 | |
| Repulse (5,40,3): | 0.0431 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0357 | |
| Courbe Coppock: | 0.86 |
| MA7: | 1.3739 | |
| MA20: | 1.3830 | |
| MA50: | 1.3799 | |
| MA100: | 1.3442 | |
| MAexp7: | 1.3616 | |
| MAexp20: | 1.3645 | |
| MAexp50: | 1.3695 | |
| MAexp100: | 1.3734 | |
| Price / MA7: | -0.94% | |
| Price / MA20: | -1.59% | |
| Price / MA50: | -1.37% | |
| Price / MA100: | +1.25% | |
| Price / MAexp7: | -0.04% | |
| Price / MAexp20: | -0.26% | |
| Price / MAexp50: | -0.62% | |
| Price / MAexp100: | -0.90% |
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.
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