DKK/NOK - 1H - Technical analysis published on 02/29/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
28%
22%
50%
My opinion
Bullish above 1.5354 NOK
My targets
1.5437 NOK (+0.0041)
1.5564 NOK (+0.0168)
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 1.5354 NOK. Crossing the first resistance at 1.5437 NOK would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 1.5564 NOK as an objective. Crossing it would then enable buyers to target 1.5876 NOK. Caution, a return to below 1.5354 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
4.5
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Additional analysis
Quotes
The DKK/NOK price is 1.5396 NOK. The price registered a decrease of -0.04% on the session and was traded between 1.5348 NOK and 1.5449 NOK over the period. The price is currently at +0.31% from its lowest and -0.34% from its highest.1.5348
1.5449
1.5396
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by DKK/NOK:
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of DKK/NOK indicates that the overall trend is strongly bullish. 82.14% 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 detects bullish signals on moving averages 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
In fact, of the 18 technical indicators analysed by Central Analyzer, 5 are bullish, 9 are neutral and 4 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
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 | 1.5219 | 1.5284 | 1.5354 | 1.5396 | 1.5409 | 1.5564 | 1.5876 |
| Change (%) | -1.15% | -0.73% | -0.27% | - | +0.08% | +1.09% | +3.12% |
| Change | -0.0177 | -0.0112 | -0.0042 | - | +0.0013 | +0.0168 | +0.0480 |
| Level | Minor | Minor | Major | - | Intermediate | Intermediate | Minor |
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 | 1.5252 | 1.5285 | 1.5343 | 1.5376 | 1.5434 | 1.5467 | 1.5525 |
| Camarilla | 1.5377 | 1.5385 | 1.5394 | 1.5402 | 1.5410 | 1.5419 | 1.5427 |
| Woodie | 1.5266 | 1.5291 | 1.5357 | 1.5382 | 1.5448 | 1.5473 | 1.5539 |
| Fibonacci | 1.5285 | 1.5319 | 1.5341 | 1.5376 | 1.5410 | 1.5432 | 1.5467 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.5006 | 1.5077 | 1.5186 | 1.5257 | 1.5366 | 1.5437 | 1.5546 |
| Camarilla | 1.5247 | 1.5263 | 1.5280 | 1.5296 | 1.5313 | 1.5329 | 1.5346 |
| Woodie | 1.5026 | 1.5087 | 1.5206 | 1.5267 | 1.5386 | 1.5447 | 1.5566 |
| Fibonacci | 1.5077 | 1.5145 | 1.5188 | 1.5257 | 1.5325 | 1.5368 | 1.5437 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.4686 | 1.4852 | 1.5047 | 1.5213 | 1.5408 | 1.5574 | 1.5769 |
| Camarilla | 1.5144 | 1.5177 | 1.5210 | 1.5243 | 1.5276 | 1.5309 | 1.5342 |
| Woodie | 1.4702 | 1.4859 | 1.5063 | 1.5220 | 1.5424 | 1.5581 | 1.5785 |
| Fibonacci | 1.4852 | 1.4990 | 1.5075 | 1.5213 | 1.5351 | 1.5436 | 1.5574 |
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): | 52.45 | |
| MACD (12,26,9): | 0.0004 | |
| Directional Movement: | -8.7356 | |
| AROON (14): | -28.5714 | |
| DEMA (21): | 1.5403 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.5439 | |
| Elder Ray (13): | 0.0001 | |
| Super Trend (3,10): | 1.5360 | |
| Zig ZAG (10): | 1.5399 | |
| VORTEX (21): | 1.0392 | |
| Stochastique (14,3,5): | 46.86 | |
| TEMA (21): | 1.5397 | |
| Williams %R (14): | -49.51 | |
| Chande Momentum Oscillator (20): | -0.0007 | |
| Repulse (5,40,3): | 0.0370 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0071 | |
| Courbe Coppock: | 0.06 |
| MA7: | 1.5312 | |
| MA20: | 1.5282 | |
| MA50: | 1.5228 | |
| MA100: | 1.5476 | |
| MAexp7: | 1.5396 | |
| MAexp20: | 1.5395 | |
| MAexp50: | 1.5377 | |
| MAexp100: | 1.5346 | |
| Price / MA7: | +0.55% | |
| Price / MA20: | +0.75% | |
| Price / MA50: | +1.10% | |
| Price / MA100: | -0.52% | |
| Price / MAexp7: | -0% | |
| Price / MAexp20: | +0.01% | |
| Price / MAexp50: | +0.12% | |
| Price / MAexp100: | +0.33% |
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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