DKK/SEK - 1H - Technical analysis published on 05/23/2024 (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:
Slightly bullish
Technical indicators
67%
6%
28%
My opinion
Bullish above 1.5546 SEK
My targets
1.5606 SEK (+0.0032)
1.5648 SEK (+0.0074)
My analysis
The basic trend is currently slightly bullish on DKK/SEK and the short term does not seem to show any sign of improvement. Buyers are struggling to get their hands on this instrument. However, as long as the price remains above 1.5546 SEK, purchases could be favourable. The first bullish objective would be the resistance located at 1.5606 SEK. Then the price could move towards 1.5648 SEK. Then 1.5701 SEK by extension. A return under the support to 1.5546 SEK could jeopardize this fragile bullish trend. Indecision would then be total and in this case you could keep away.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
4.1
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
DKK/SEK rating 1.5574 SEK. The price registered a decrease of -0.01% on the session and was between 1.5524 SEK and 1.5581 SEK. This implies that the price is at +0.32% from its lowest and at -0.04% from its highest.1.5524
1.5581
1.5574
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 (5 years)
Type : Bullish
Timeframe : Weekly
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 DKK/SEK in 1H shows an overall slightly bullish trend. 57.14% of the signals given by moving averages are bullish. The slightly bullish signals given by short-term moving averages do not show a strengthening of this global trend. 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, 12 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
MACD indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.5506 | 1.5546 | 1.5572 | 1.5574 | 1.5606 | 1.5648 | 1.5701 |
| Change (%) | -0.44% | -0.18% | -0.01% | - | +0.21% | +0.48% | +0.82% |
| Change | -0.0068 | -0.0028 | -0.0002 | - | +0.0032 | +0.0074 | +0.0127 |
| Level | Minor | Major | Minor | - | 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 | 1.5478 | 1.5509 | 1.5543 | 1.5574 | 1.5608 | 1.5639 | 1.5673 |
| Camarilla | 1.5558 | 1.5564 | 1.5570 | 1.5576 | 1.5582 | 1.5588 | 1.5594 |
| Woodie | 1.5479 | 1.5510 | 1.5544 | 1.5575 | 1.5609 | 1.5640 | 1.5674 |
| Fibonacci | 1.5509 | 1.5534 | 1.5550 | 1.5574 | 1.5599 | 1.5615 | 1.5639 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.5300 | 1.5416 | 1.5512 | 1.5628 | 1.5724 | 1.5840 | 1.5936 |
| Camarilla | 1.5549 | 1.5568 | 1.5588 | 1.5607 | 1.5626 | 1.5646 | 1.5665 |
| Woodie | 1.5289 | 1.5411 | 1.5501 | 1.5623 | 1.5713 | 1.5835 | 1.5925 |
| Fibonacci | 1.5416 | 1.5497 | 1.5547 | 1.5628 | 1.5709 | 1.5759 | 1.5840 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.4987 | 1.5152 | 1.5454 | 1.5619 | 1.5921 | 1.6086 | 1.6388 |
| Camarilla | 1.5629 | 1.5671 | 1.5714 | 1.5757 | 1.5800 | 1.5843 | 1.5885 |
| Woodie | 1.5057 | 1.5186 | 1.5524 | 1.5653 | 1.5991 | 1.6120 | 1.6458 |
| Fibonacci | 1.5152 | 1.5330 | 1.5440 | 1.5619 | 1.5797 | 1.5907 | 1.6086 |
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): | 58.77 | |
| MACD (12,26,9): | 0.0001 | |
| Directional Movement: | 4.1421 | |
| AROON (14): | 35.7143 | |
| DEMA (21): | 1.5562 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.5535 | |
| Elder Ray (13): | 0.0015 | |
| Super Trend (3,10): | 1.5582 | |
| Zig ZAG (10): | 1.5576 | |
| VORTEX (21): | 1.0278 | |
| Stochastique (14,3,5): | 90.64 | |
| TEMA (21): | 1.5564 | |
| Williams %R (14): | -7.02 | |
| Chande Momentum Oscillator (20): | 0.0010 | |
| Repulse (5,40,3): | 0.0570 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0029 | |
| Courbe Coppock: | 0.01 |
| MA7: | 1.5572 | |
| MA20: | 1.5638 | |
| MA50: | 1.5521 | |
| MA100: | 1.5313 | |
| MAexp7: | 1.5565 | |
| MAexp20: | 1.5562 | |
| MAexp50: | 1.5564 | |
| MAexp100: | 1.5572 | |
| Price / MA7: | +0.01% | |
| Price / MA20: | -0.41% | |
| Price / MA50: | +0.34% | |
| Price / MA100: | +1.70% | |
| Price / MAexp7: | +0.06% | |
| Price / MAexp20: | +0.08% | |
| Price / MAexp50: | +0.06% | |
| Price / MAexp100: | +0.01% |
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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