DKK/NOK - 1H - Technical analysis published on 02/03/2025 (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:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
50%
28%
My opinion
Bearish under 1.5741 NOK
My targets
1.5601 NOK (-0.0116)
1.5469 NOK (-0.0248)
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 1.5741 NOK. The next support located at 1.5601 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 1.5469 NOK. Below this support, sellers could then target 1.5263 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
7
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Additional analysis
Quotes
The DKK/NOK price is 1.5717 NOK. On the day, this instrument lost -0.04% and was traded between 1.5532 NOK and 1.5772 NOK over the period. The price is currently at +1.19% from its lowest and -0.35% from its highest.1.5532
1.5772
1.5717
The Central Gaps scanner detects a bearish gap which is a sign that the sellers have taken the lead in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of DKK/NOK in 1H shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
On the 18 technical indicators analysed, 4 are bullish, 5 are neutral and 9 are bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Black hanging man / hammer
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.5469 | 1.5601 | 1.5711 | 1.5717 | 1.5722 | 1.5741 | 1.5760 |
| Change (%) | -1.58% | -0.74% | -0.04% | - | +0.03% | +0.15% | +0.27% |
| Change | -0.0248 | -0.0116 | -0.0006 | - | +0.0005 | +0.0024 | +0.0043 |
| Level | Major | Intermediate | Intermediate | - | Minor | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.5633 | 1.5676 | 1.5699 | 1.5742 | 1.5765 | 1.5808 | 1.5831 |
| Camarilla | 1.5705 | 1.5711 | 1.5717 | 1.5723 | 1.5729 | 1.5735 | 1.5741 |
| Woodie | 1.5624 | 1.5671 | 1.5690 | 1.5737 | 1.5756 | 1.5803 | 1.5822 |
| Fibonacci | 1.5676 | 1.5701 | 1.5717 | 1.5742 | 1.5767 | 1.5783 | 1.5808 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.5565 | 1.5642 | 1.5682 | 1.5759 | 1.5799 | 1.5876 | 1.5916 |
| Camarilla | 1.5691 | 1.5702 | 1.5712 | 1.5723 | 1.5734 | 1.5745 | 1.5755 |
| Woodie | 1.5548 | 1.5633 | 1.5665 | 1.5750 | 1.5782 | 1.5867 | 1.5899 |
| Fibonacci | 1.5642 | 1.5686 | 1.5714 | 1.5759 | 1.5803 | 1.5831 | 1.5876 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.5360 | 1.5483 | 1.5603 | 1.5726 | 1.5846 | 1.5969 | 1.6089 |
| Camarilla | 1.5656 | 1.5679 | 1.5701 | 1.5723 | 1.5745 | 1.5768 | 1.5790 |
| Woodie | 1.5359 | 1.5482 | 1.5602 | 1.5725 | 1.5845 | 1.5968 | 1.6088 |
| Fibonacci | 1.5483 | 1.5576 | 1.5633 | 1.5726 | 1.5819 | 1.5876 | 1.5969 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 41.37 | |
| MACD (12,26,9): | -0.0008 | |
| Directional Movement: | -33.5870 | |
| AROON (14): | 0 | |
| DEMA (21): | 1.5726 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.5559 | |
| Elder Ray (13): | -0.0013 | |
| Super Trend (3,10): | 1.5780 | |
| Zig ZAG (10): | 1.5719 | |
| VORTEX (21): | 0.9565 | |
| Stochastique (14,3,5): | 80.00 | |
| TEMA (21): | 1.5723 | |
| Williams %R (14): | -22.50 | |
| Chande Momentum Oscillator (20): | -0.0013 | |
| Repulse (5,40,3): | -0.0380 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0071 | |
| Courbe Coppock: | 0.17 |
| MA7: | 1.5758 | |
| MA20: | 1.5740 | |
| MA50: | 1.5730 | |
| MA100: | 1.5760 | |
| MAexp7: | 1.5728 | |
| MAexp20: | 1.5737 | |
| MAexp50: | 1.5749 | |
| MAexp100: | 1.5759 | |
| Price / MA7: | -0.26% | |
| Price / MA20: | -0.15% | |
| Price / MA50: | -0.08% | |
| Price / MA100: | -0.27% | |
| Price / MAexp7: | -0.07% | |
| Price / MAexp20: | -0.13% | |
| Price / MAexp50: | -0.20% | |
| Price / MAexp100: | -0.27% |
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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