DKK/SEK - Daily - Technical analysis published on 08/12/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
33%
39%
28%
My opinion
Bearish under 1.4235 SEK
My targets
1.3764 SEK (-0.0197)
1.3632 SEK (-0.0329)
My analysis
DKK/SEK 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 1.4235 SEK. The next support located at 1.3764 SEK 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 1.3632 SEK. Below this support, sellers could then target 1.3477 SEK.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
4.5
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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/SEK price is 1.3961 SEK. The price registered a decrease of -0.01% on the session with the lowest point at 1.3950 SEK and the highest point at 1.3971 SEK. The deviation from the price is +0.08% for the low point and -0.07% for the high point.1.3950
1.3971
1.3961
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 LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of DKK/SEK indicates that the overall trend is bearish. 75.00% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish trend reversal : Moving Average 100
Type : Bullish
Timeframe : Daily
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
The Central Indicators scanner found no further results concerning independent technical indicators.
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.3632 | 1.3764 | 1.3944 | 1.3961 | 1.4014 | 1.4235 | 1.4329 |
| Change (%) | -2.36% | -1.41% | -0.12% | - | +0.38% | +1.96% | +2.64% |
| Change | -0.0329 | -0.0197 | -0.0017 | - | +0.0053 | +0.0274 | +0.0368 |
| Level | Minor | Major | Major | - | Major | Intermediate | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3863 | 1.3885 | 1.3924 | 1.3946 | 1.3985 | 1.4007 | 1.4046 |
| Camarilla | 1.3945 | 1.3951 | 1.3956 | 1.3962 | 1.3968 | 1.3973 | 1.3979 |
| Woodie | 1.3871 | 1.3889 | 1.3932 | 1.3950 | 1.3993 | 1.4011 | 1.4054 |
| Fibonacci | 1.3885 | 1.3909 | 1.3923 | 1.3946 | 1.3970 | 1.3984 | 1.4007 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3777 | 1.3837 | 1.3887 | 1.3947 | 1.3997 | 1.4057 | 1.4107 |
| Camarilla | 1.3908 | 1.3918 | 1.3928 | 1.3938 | 1.3948 | 1.3958 | 1.3968 |
| Woodie | 1.3773 | 1.3835 | 1.3883 | 1.3945 | 1.3993 | 1.4055 | 1.4103 |
| Fibonacci | 1.3837 | 1.3879 | 1.3905 | 1.3947 | 1.3989 | 1.4015 | 1.4057 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3133 | 1.3531 | 1.3734 | 1.4132 | 1.4335 | 1.4733 | 1.4936 |
| Camarilla | 1.3773 | 1.3828 | 1.3883 | 1.3938 | 1.3993 | 1.4048 | 1.4103 |
| Woodie | 1.3037 | 1.3482 | 1.3638 | 1.4083 | 1.4239 | 1.4684 | 1.4840 |
| Fibonacci | 1.3531 | 1.3760 | 1.3902 | 1.4132 | 1.4361 | 1.4503 | 1.4733 |
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): | 41.49 | |
| MACD (12,26,9): | -0.0073 | |
| Directional Movement: | -11.4840 | |
| AROON (14): | -57.1429 | |
| DEMA (21): | 1.3912 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.3863 | |
| Elder Ray (13): | -0.0012 | |
| Super Trend (3,10): | 1.4152 | |
| Zig ZAG (10): | 1.3964 | |
| VORTEX (21): | 0.8284 | |
| Stochastique (14,3,5): | 42.67 | |
| TEMA (21): | 1.3881 | |
| Williams %R (14): | -50.22 | |
| Chande Momentum Oscillator (20): | -0.0048 | |
| Repulse (5,40,3): | 0.1512 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0876 | |
| Courbe Coppock: | 1.42 |
| MA7: | 1.3937 | |
| MA20: | 1.3984 | |
| MA50: | 1.4182 | |
| MA100: | 1.4094 | |
| MAexp7: | 1.3950 | |
| MAexp20: | 1.4011 | |
| MAexp50: | 1.4097 | |
| MAexp100: | 1.4096 | |
| Price / MA7: | +0.17% | |
| Price / MA20: | -0.16% | |
| Price / MA50: | -1.56% | |
| Price / MA100: | -0.94% | |
| Price / MAexp7: | +0.08% | |
| Price / MAexp20: | -0.36% | |
| Price / MAexp50: | -0.96% | |
| Price / MAexp100: | -0.96% |
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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