DKK/NOK

- NOK (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Forex
Ticker:	DKKNOK
ISIN:

DKK/NOK - Daily - Technical analysis published on 06/27/2023 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Bullish

Underlying: Strongly bullish

Technical indicators

72%

22%

My opinion

Bullish above 1.5421 NOK

My targets

1.5991 NOK (+0.0139)

1.6274 NOK (+0.0422)

My analysis

The basic bullish trend is very strong on DKK/NOK but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 1.5421 NOK. Crossing the first resistance at 1.5991 NOK would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 1.6274 NOK as an objective. Crossing it would then enable buyers to target 1.6834 NOK. Caution, a return to below 1.5421 NOK would be a sign of a consolidation phase in the short-term basic trend. 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.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

7.1

Comment on the analysis

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.

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

Additional analysis

Quotes

The DKK/NOK price is 1.5852 NOK. The price registered an increase of +0.78% on the session with the lowest point at 1.5657 NOK and the highest point at 1.5854 NOK. The deviation from the price is +1.25% for the low point and -0.01% for the high point.

1.5657

1.5854

1.5852

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

Bearish opening

Type : Bearish

Timeframe : Openning

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:

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

A technical analysis in Daily of this DKK/NOK chart shows a strongly bullish trend. 85.71% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. The Central Indicators market scanner is currently detecting several bearish and bullish signals that could impact this trend:

Moving Average bearish crossovers : MA20 & MA50

Type : Bearish

Timeframe : Daily

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : Daily

Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

MACD indicator is back over 0

Type : Bullish

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

Momentum indicator is back over 0

Type : Bullish

Timeframe : Daily

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Near horizontal resistance

Type : Bearish

Timeframe : Daily

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	1.4521	1.4957	1.5421	1.5852	1.5991	1.6834
Change (%)	-8.40%	-5.65%	-2.72%	-	+0.88%	+6.19%
Change	-0.1331	-0.0895	-0.0431	-	+0.0139	+0.0982
Level	Intermediate	Intermediate	Major	-	Major	Major

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
Standard	1.5406	1.5541	1.5635	1.5770	1.5864	1.5999	1.6093
Camarilla	1.5666	1.5687	1.5708	1.5729	1.5750	1.5771	1.5792
Woodie	1.5386	1.5531	1.5615	1.5760	1.5844	1.5989	1.6073
Fibonacci	1.5541	1.5629	1.5683	1.5770	1.5858	1.5912	1.5999

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.5112	1.5297	1.5586	1.5771	1.6060	1.6245	1.6534
Camarilla	1.5746	1.5789	1.5833	1.5876	1.5920	1.5963	1.6006
Woodie	1.5165	1.5323	1.5639	1.5797	1.6113	1.6271	1.6587
Fibonacci	1.5297	1.5478	1.5590	1.5771	1.5952	1.6064	1.6245

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.4642	1.5025	1.5458	1.5841	1.6274	1.6657	1.7090
Camarilla	1.5667	1.5741	1.5816	1.5891	1.5966	1.6041	1.6115
Woodie	1.4667	1.5038	1.5483	1.5854	1.6299	1.6670	1.7115
Fibonacci	1.5025	1.5337	1.5529	1.5841	1.6153	1.6345	1.6657

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):	55.29
MACD (12,26,9):	0.0007
Directional Movement:	0.5906
AROON (14):	-35.7143
DEMA (21):	1.5726
Parabolic SAR (0,02-0,02-0,2):	1.5438
Elder Ray (13):	0.0034
Super Trend (3,10):	1.6033
Zig ZAG (10):	1.5846
VORTEX (21):	0.9365
Stochastique (14,3,5):	76.56
TEMA (21):	1.5699
Williams %R (14):	-17.09
Chande Momentum Oscillator (20):	0.0315
Repulse (5,40,3):	1.4073
ROCnROLL:	1
TRIX (15,9):	-0.0146
Courbe Coppock:	1.45

MA7:	1.5748
MA20:	1.5721
MA50:	1.5731
MA100:	1.5392
MAexp7:	1.5747
MAexp20:	1.5719
MAexp50:	1.5641
MAexp100:	1.5371
Price / MA7:	+0.66%
Price / MA20:	+0.83%
Price / MA50:	+0.77%
Price / MA100:	+2.99%
Price / MAexp7:	+0.67%
Price / MAexp20:	+0.85%
Price / MAexp50:	+1.35%
Price / MAexp100:	+3.13%

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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