DKK/NOK - 1H - Technical analysis published on 10/05/2023 (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:
Bullish
Underlying:
Strongly bullish
Technical indicators
17%
28%
56%
My opinion
Bullish above 1.5373 NOK
My targets
1.5564 NOK (+0.0057)
1.5732 NOK (+0.0225)
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 1.5373 NOK. Crossing the first resistance at 1.5564 NOK would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 1.5732 NOK as an objective. Crossing it would then enable buyers to target 1.6115 NOK. Caution, a return to below 1.5373 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, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
4.6
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
DKK/NOK rating 1.5507 NOK. The price is lower by -0.01% since the last closing and was traded between 1.5458 NOK and 1.5552 NOK over the period. The price is currently at +0.32% from its lowest and -0.29% from its highest.1.5458
1.5552
1.5507
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by DKK/NOK:
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 DKK/NOK in 1H shows a strongly overall 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 scanner does not detect any result on moving averages that would impact this trend.
In fact, of the 18 technical indicators analysed by Central Analyzer, 3 are bullish, 10 are neutral and 5 are bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Aroon indicator bearish trend
Type : Bearish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Support of channel is broken
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 | 1.5124 | 1.5217 | 1.5327 | 1.5507 | 1.5564 | 1.5732 | 1.6115 |
| Change (%) | -2.47% | -1.87% | -1.16% | - | +0.37% | +1.45% | +3.92% |
| Change | -0.0383 | -0.0290 | -0.0180 | - | +0.0057 | +0.0225 | +0.0608 |
| Level | Minor | Minor | Major | - | Major | Minor | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 1.5236 | 1.5299 | 1.5404 | 1.5467 | 1.5572 | 1.5635 | 1.5740 |
| Camarilla | 1.5463 | 1.5478 | 1.5494 | 1.5509 | 1.5524 | 1.5540 | 1.5555 |
| Woodie | 1.5257 | 1.5310 | 1.5425 | 1.5478 | 1.5593 | 1.5646 | 1.5761 |
| Fibonacci | 1.5299 | 1.5363 | 1.5403 | 1.5467 | 1.5531 | 1.5571 | 1.5635 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.4645 | 1.4846 | 1.5009 | 1.5210 | 1.5373 | 1.5574 | 1.5737 |
| Camarilla | 1.5071 | 1.5104 | 1.5138 | 1.5171 | 1.5204 | 1.5238 | 1.5271 |
| Woodie | 1.4625 | 1.4837 | 1.4989 | 1.5201 | 1.5353 | 1.5565 | 1.5717 |
| Fibonacci | 1.4846 | 1.4985 | 1.5071 | 1.5210 | 1.5349 | 1.5435 | 1.5574 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.4455 | 1.4752 | 1.4961 | 1.5258 | 1.5467 | 1.5764 | 1.5973 |
| Camarilla | 1.5032 | 1.5078 | 1.5125 | 1.5171 | 1.5217 | 1.5264 | 1.5310 |
| Woodie | 1.4412 | 1.4730 | 1.4918 | 1.5236 | 1.5424 | 1.5742 | 1.5930 |
| Fibonacci | 1.4752 | 1.4945 | 1.5064 | 1.5258 | 1.5451 | 1.5570 | 1.5764 |
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): | 52.64 | |
| MACD (12,26,9): | 0.0010 | |
| Directional Movement: | 7.1202 | |
| AROON (14): | -64.2857 | |
| DEMA (21): | 1.5520 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.5496 | |
| Elder Ray (13): | -0.0003 | |
| Super Trend (3,10): | 1.5435 | |
| Zig ZAG (10): | 1.5506 | |
| VORTEX (21): | 1.0423 | |
| Stochastique (14,3,5): | 36.37 | |
| TEMA (21): | 1.5508 | |
| Williams %R (14): | -71.67 | |
| Chande Momentum Oscillator (20): | -0.0010 | |
| Repulse (5,40,3): | -0.0308 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0128 | |
| Courbe Coppock: | 0.02 |
| MA7: | 1.5312 | |
| MA20: | 1.5361 | |
| MA50: | 1.5336 | |
| MA100: | 1.5454 | |
| MAexp7: | 1.5508 | |
| MAexp20: | 1.5504 | |
| MAexp50: | 1.5463 | |
| MAexp100: | 1.5399 | |
| Price / MA7: | +1.27% | |
| Price / MA20: | +0.95% | |
| Price / MA50: | +1.12% | |
| Price / MA100: | +0.34% | |
| Price / MAexp7: | -0.01% | |
| Price / MAexp20: | +0.02% | |
| Price / MAexp50: | +0.28% | |
| Price / MAexp100: | +0.70% |
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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