DKK/NOK - 1H - Technical analysis published on 11/08/2023 (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:
Neutral
Underlying:
Bullish
Technical indicators
33%
11%
56%
My opinion
Bullish above 1.5951 NOK
My targets
1.6074 NOK (+0.0031)
1.6115 NOK (+0.0072)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on DKK/NOK. As long as you are above the support located at 1.5951 NOK, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 1.6074 NOK would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 1.6115 NOK as an objective. Crossing it would then enable buyers to target 1.6834 NOK. If the support 1.5951 NOK were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
3.2
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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/NOK price is 1.6043 NOK. The price registered a decrease of -0.02% on the session and was between 1.5991 NOK and 1.6100 NOK. This implies that the price is at +0.33% from its lowest and at -0.35% from its highest.1.5991
1.6100
1.6043
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
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this DKK/NOK chart shows a bullish trend. 71.43% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 6 are bullish, 10 are neutral and 2 are bearish. The Central Indicators scanner found this result concerning these indicators:
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.5816 | 1.5871 | 1.5951 | 1.6043 | 1.6074 | 1.6115 | 1.6834 |
| Change (%) | -1.41% | -1.07% | -0.57% | - | +0.19% | +0.45% | +4.93% |
| Change | -0.0227 | -0.0172 | -0.0092 | - | +0.0031 | +0.0072 | +0.0791 |
| Level | Minor | Major | Intermediate | - | Intermediate | 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 | 1.5720 | 1.5797 | 1.5921 | 1.5998 | 1.6122 | 1.6199 | 1.6323 |
| Camarilla | 1.5991 | 1.6009 | 1.6028 | 1.6046 | 1.6064 | 1.6083 | 1.6101 |
| Woodie | 1.5745 | 1.5809 | 1.5946 | 1.6010 | 1.6147 | 1.6211 | 1.6348 |
| Fibonacci | 1.5797 | 1.5873 | 1.5921 | 1.5998 | 1.6074 | 1.6122 | 1.6199 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.5624 | 1.5704 | 1.5792 | 1.5872 | 1.5960 | 1.6040 | 1.6128 |
| Camarilla | 1.5835 | 1.5850 | 1.5866 | 1.5881 | 1.5896 | 1.5912 | 1.5927 |
| Woodie | 1.5629 | 1.5706 | 1.5797 | 1.5874 | 1.5965 | 1.6042 | 1.6133 |
| Fibonacci | 1.5704 | 1.5768 | 1.5808 | 1.5872 | 1.5936 | 1.5976 | 1.6040 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.4508 | 1.4807 | 1.5323 | 1.5622 | 1.6138 | 1.6437 | 1.6953 |
| Camarilla | 1.5615 | 1.5690 | 1.5764 | 1.5839 | 1.5914 | 1.5988 | 1.6063 |
| Woodie | 1.4617 | 1.4861 | 1.5432 | 1.5676 | 1.6247 | 1.6491 | 1.7062 |
| Fibonacci | 1.4807 | 1.5118 | 1.5311 | 1.5622 | 1.5933 | 1.6126 | 1.6437 |
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): | 51.66 | |
| MACD (12,26,9): | 0.0010 | |
| Directional Movement: | 5.2222 | |
| AROON (14): | 50.0000 | |
| DEMA (21): | 1.6059 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.6010 | |
| Elder Ray (13): | 0.0001 | |
| Super Trend (3,10): | 1.6089 | |
| Zig ZAG (10): | 1.6044 | |
| VORTEX (21): | 1.0115 | |
| Stochastique (14,3,5): | 58.76 | |
| TEMA (21): | 1.6050 | |
| Williams %R (14): | -38.10 | |
| Chande Momentum Oscillator (20): | 0.0042 | |
| Repulse (5,40,3): | -0.1006 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0108 | |
| Courbe Coppock: | 0.12 |
| MA7: | 1.5910 | |
| MA20: | 1.5762 | |
| MA50: | 1.5532 | |
| MA100: | 1.5436 | |
| MAexp7: | 1.6049 | |
| MAexp20: | 1.6044 | |
| MAexp50: | 1.6011 | |
| MAexp100: | 1.5967 | |
| Price / MA7: | +0.84% | |
| Price / MA20: | +1.78% | |
| Price / MA50: | +3.29% | |
| Price / MA100: | +3.93% | |
| Price / MAexp7: | -0.04% | |
| Price / MAexp20: | -0.01% | |
| Price / MAexp50: | +0.20% | |
| Price / MAexp100: | +0.48% |
Quotes :
-
Real time data
-
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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