DKK/SEK - 1H - Technical analysis published on 07/04/2024 (GMT)
- 142
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- 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 bullish
Underlying:
Neutral
Technical indicators
83%
6%
11%
My opinion
Bullish above 1.5202 SEK
My targets
1.5258 SEK (+0.0029)
1.5311 SEK (+0.0082)
My analysis
The strong short-term increase of DKK/SEK should quickly allow the basic trend to become bullish. As long as the price remains above the support located at 1.5202 SEK, a purchase could be considered. The first bullish objective is located at 1.5258 SEK. The bullish momentum would be boosted by a break in this resistance. Buyers could then target the resistance located at 1.5311 SEK. If there is any crossing, the next objective would be the resistance at 1.5549 SEK. Caution, if there is a return under 1.5202 SEK, it should not be forgotten that the basic trend is not yet clear. Caution would then be required.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
4.3
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/SEK price is 1.5229 SEK. The price registered an increase of +0.36% on the session and was between 1.5164 SEK and 1.5249 SEK. This implies that the price is at +0.43% from its lowest and at -0.13% from its highest.1.5164
1.5249
1.5229
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
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 (1st january)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of DKK/SEK indicates that the overall trend is not clearly defined. The strong bullish signals currently being given by short-term moving averages could allow the overall trend to return to bullish. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators shows a strong bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.5117 | 1.5202 | 1.5224 | 1.5229 | 1.5258 | 1.5311 | 1.5549 |
| Change (%) | -0.74% | -0.18% | -0.03% | - | +0.19% | +0.54% | +2.10% |
| Change | -0.0112 | -0.0027 | -0.0005 | - | +0.0029 | +0.0082 | +0.0320 |
| Level | Major | Intermediate | Minor | - | Intermediate | Major | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.5042 | 1.5102 | 1.5138 | 1.5198 | 1.5234 | 1.5294 | 1.5330 |
| Camarilla | 1.5148 | 1.5156 | 1.5165 | 1.5174 | 1.5183 | 1.5192 | 1.5200 |
| Woodie | 1.5030 | 1.5096 | 1.5126 | 1.5192 | 1.5222 | 1.5288 | 1.5318 |
| Fibonacci | 1.5102 | 1.5139 | 1.5161 | 1.5198 | 1.5235 | 1.5257 | 1.5294 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.4815 | 1.4924 | 1.5072 | 1.5181 | 1.5329 | 1.5438 | 1.5586 |
| Camarilla | 1.5150 | 1.5174 | 1.5197 | 1.5221 | 1.5245 | 1.5268 | 1.5292 |
| Woodie | 1.4836 | 1.4934 | 1.5093 | 1.5191 | 1.5350 | 1.5448 | 1.5607 |
| Fibonacci | 1.4924 | 1.5022 | 1.5083 | 1.5181 | 1.5279 | 1.5340 | 1.5438 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.4608 | 1.4773 | 1.4997 | 1.5162 | 1.5386 | 1.5551 | 1.5775 |
| Camarilla | 1.5114 | 1.5150 | 1.5185 | 1.5221 | 1.5257 | 1.5292 | 1.5328 |
| Woodie | 1.4638 | 1.4788 | 1.5027 | 1.5177 | 1.5416 | 1.5566 | 1.5805 |
| Fibonacci | 1.4773 | 1.4922 | 1.5013 | 1.5162 | 1.5311 | 1.5402 | 1.5551 |
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): | 58.24 | |
| MACD (12,26,9): | 0.0003 | |
| Directional Movement: | 18.1299 | |
| AROON (14): | 100.0000 | |
| DEMA (21): | 1.5204 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.5187 | |
| Elder Ray (13): | 0.0024 | |
| Super Trend (3,10): | 1.5175 | |
| Zig ZAG (10): | 1.5218 | |
| VORTEX (21): | 1.1321 | |
| Stochastique (14,3,5): | 72.02 | |
| TEMA (21): | 1.5218 | |
| Williams %R (14): | -37.80 | |
| Chande Momentum Oscillator (20): | 0.0044 | |
| Repulse (5,40,3): | -0.0802 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0026 | |
| Courbe Coppock: | 0.55 |
| MA7: | 1.5220 | |
| MA20: | 1.5135 | |
| MA50: | 1.5374 | |
| MA100: | 1.5325 | |
| MAexp7: | 1.5214 | |
| MAexp20: | 1.5204 | |
| MAexp50: | 1.5213 | |
| MAexp100: | 1.5216 | |
| Price / MA7: | +0.06% | |
| Price / MA20: | +0.62% | |
| Price / MA50: | -0.94% | |
| Price / MA100: | -0.63% | |
| Price / MAexp7: | +0.10% | |
| Price / MAexp20: | +0.16% | |
| Price / MAexp50: | +0.11% | |
| Price / MAexp100: | +0.09% |
Quotes :
-
Real time data
-
Forex
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
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…
Add a comment
Comments
0 comments on the analysis DKK/SEK - 1H