DKK/NOK - 1H - Technical analysis published on 07/30/2024 (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:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
33%
28%
39%
My opinion
Bearish under 1.5985 NOK
My targets
1.5899 NOK (-0.0057)
1.5813 NOK (-0.0143)
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 1.5985 NOK. The next support located at 1.5899 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 1.5813 NOK. Below this support, sellers could then target 1.5697 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.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
5.9
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 rating is 1.5956 NOK. The price registered a decrease of -0.01% on the session and was between 1.5949 NOK and 1.5977 NOK. This implies that the price is at +0.04% from its lowest and at -0.13% from its highest.1.5949
1.5977
1.5956
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
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
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this DKK/NOK chart shows a sharp 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. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with 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, 7 are neutral and 5 are bearish. The Central Indicators scanner found this result concerning these indicators:
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
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 | 1.5697 | 1.5813 | 1.5899 | 1.5956 | 1.5985 | 1.6054 | 1.6102 |
| Change (%) | -1.62% | -0.90% | -0.36% | - | +0.18% | +0.61% | +0.92% |
| Change | -0.0259 | -0.0143 | -0.0057 | - | +0.0029 | +0.0098 | +0.0146 |
| Level | Minor | Intermediate | Major | - | Intermediate | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.5805 | 1.5868 | 1.5912 | 1.5975 | 1.6019 | 1.6082 | 1.6126 |
| Camarilla | 1.5928 | 1.5937 | 1.5947 | 1.5957 | 1.5967 | 1.5977 | 1.5986 |
| Woodie | 1.5797 | 1.5863 | 1.5904 | 1.5970 | 1.6011 | 1.6077 | 1.6118 |
| Fibonacci | 1.5868 | 1.5909 | 1.5934 | 1.5975 | 1.6016 | 1.6041 | 1.6082 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.5543 | 1.5704 | 1.5873 | 1.6034 | 1.6203 | 1.6364 | 1.6533 |
| Camarilla | 1.5950 | 1.5981 | 1.6011 | 1.6041 | 1.6071 | 1.6102 | 1.6132 |
| Woodie | 1.5546 | 1.5706 | 1.5876 | 1.6036 | 1.6206 | 1.6366 | 1.6536 |
| Fibonacci | 1.5704 | 1.5830 | 1.5908 | 1.6034 | 1.6160 | 1.6238 | 1.6364 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.4699 | 1.4900 | 1.5119 | 1.5320 | 1.5539 | 1.5740 | 1.5959 |
| Camarilla | 1.5224 | 1.5262 | 1.5301 | 1.5339 | 1.5378 | 1.5416 | 1.5455 |
| Woodie | 1.4709 | 1.4905 | 1.5129 | 1.5325 | 1.5549 | 1.5745 | 1.5969 |
| Fibonacci | 1.4900 | 1.5060 | 1.5159 | 1.5320 | 1.5480 | 1.5579 | 1.5740 |
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): | 41.66 | |
| MACD (12,26,9): | -0.0009 | |
| Directional Movement: | 1.7781 | |
| AROON (14): | 0 | |
| DEMA (21): | 1.5952 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.5937 | |
| Elder Ray (13): | -0.0005 | |
| Super Trend (3,10): | 1.6016 | |
| Zig ZAG (10): | 1.5955 | |
| VORTEX (21): | 0.9315 | |
| Stochastique (14,3,5): | 37.26 | |
| TEMA (21): | 1.5955 | |
| Williams %R (14): | -76.36 | |
| Chande Momentum Oscillator (20): | -0.0002 | |
| Repulse (5,40,3): | -0.0777 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0114 | |
| Courbe Coppock: | 0.01 |
| MA7: | 1.6004 | |
| MA20: | 1.5728 | |
| MA50: | 1.5487 | |
| MA100: | 1.5562 | |
| MAexp7: | 1.5961 | |
| MAexp20: | 1.5967 | |
| MAexp50: | 1.5986 | |
| MAexp100: | 1.5991 | |
| Price / MA7: | -0.30% | |
| Price / MA20: | +1.45% | |
| Price / MA50: | +3.03% | |
| Price / MA100: | +2.53% | |
| Price / MAexp7: | -0.03% | |
| Price / MAexp20: | -0.07% | |
| Price / MAexp50: | -0.19% | |
| Price / MAexp100: | -0.22% |
Quotes :
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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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