DKK/NOK - 1H - Technical analysis published on 12/06/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 1.5723 NOK
My targets
1.5899 NOK (+0.0092)
1.6102 NOK (+0.0295)
My analysis
The bullish trend is currently very strong on DKK/NOK. As long as the price remains above the support at 1.5723 NOK, you could try to benefit from the boom. The first bullish objective is located at 1.5899 NOK. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1.6102 NOK as an objective. Crossing it would then enable buyers to target 1.6834 NOK. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.8
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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 1.5807 NOK. The price has increased by +0.89% since the last closing and was traded between 1.5656 NOK and 1.5816 NOK over the period. The price is currently at +0.96% from its lowest and -0.06% from its highest.1.5656
1.5816
1.5807
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a 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. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, according to the parameters integrated into the Central Analyzer system, 15 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 2
Type : Neutral
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 | 1.5679 | 1.5703 | 1.5723 | 1.5807 | 1.5899 | 1.6102 | 1.6834 |
| Change (%) | -0.81% | -0.66% | -0.53% | - | +0.58% | +1.87% | +6.50% |
| Change | -0.0128 | -0.0104 | -0.0084 | - | +0.0092 | +0.0295 | +0.1027 |
| Level | Major | Intermediate | Intermediate | - | Minor | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.5473 | 1.5520 | 1.5593 | 1.5640 | 1.5713 | 1.5760 | 1.5833 |
| Camarilla | 1.5634 | 1.5645 | 1.5656 | 1.5667 | 1.5678 | 1.5689 | 1.5700 |
| Woodie | 1.5487 | 1.5527 | 1.5607 | 1.5647 | 1.5727 | 1.5767 | 1.5847 |
| Fibonacci | 1.5520 | 1.5566 | 1.5594 | 1.5640 | 1.5686 | 1.5714 | 1.5760 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.5214 | 1.5328 | 1.5494 | 1.5608 | 1.5774 | 1.5888 | 1.6054 |
| Camarilla | 1.5582 | 1.5608 | 1.5633 | 1.5659 | 1.5685 | 1.5710 | 1.5736 |
| Woodie | 1.5239 | 1.5341 | 1.5519 | 1.5621 | 1.5799 | 1.5901 | 1.6079 |
| Fibonacci | 1.5328 | 1.5435 | 1.5501 | 1.5608 | 1.5715 | 1.5781 | 1.5888 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.4726 | 1.5084 | 1.5372 | 1.5730 | 1.6018 | 1.6376 | 1.6664 |
| Camarilla | 1.5481 | 1.5541 | 1.5600 | 1.5659 | 1.5718 | 1.5777 | 1.5837 |
| Woodie | 1.4690 | 1.5067 | 1.5336 | 1.5713 | 1.5982 | 1.6359 | 1.6628 |
| Fibonacci | 1.5084 | 1.5331 | 1.5484 | 1.5730 | 1.5977 | 1.6130 | 1.6376 |
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): | 80.39 | |
| MACD (12,26,9): | 0.0042 | |
| Directional Movement: | 32.5907 | |
| AROON (14): | 57.1428 | |
| DEMA (21): | 1.5795 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.5771 | |
| Elder Ray (13): | 0.0046 | |
| Super Trend (3,10): | 1.5748 | |
| Zig ZAG (10): | 1.5808 | |
| VORTEX (21): | 1.3182 | |
| Stochastique (14,3,5): | 94.70 | |
| TEMA (21): | 1.5814 | |
| Williams %R (14): | -5.30 | |
| Chande Momentum Oscillator (20): | 0.0119 | |
| Repulse (5,40,3): | 0.0804 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0319 | |
| Courbe Coppock: | 1.48 |
| MA7: | 1.5651 | |
| MA20: | 1.5654 | |
| MA50: | 1.5766 | |
| MA100: | 1.5798 | |
| MAexp7: | 1.5791 | |
| MAexp20: | 1.5742 | |
| MAexp50: | 1.5687 | |
| MAexp100: | 1.5656 | |
| Price / MA7: | +1.00% | |
| Price / MA20: | +0.98% | |
| Price / MA50: | +0.26% | |
| Price / MA100: | +0.06% | |
| Price / MAexp7: | +0.10% | |
| Price / MAexp20: | +0.41% | |
| Price / MAexp50: | +0.76% | |
| Price / MAexp100: | +0.96% |
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.
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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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