DKK/SEK - 1H - Technical analysis published on 10/02/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
44%
22%
33%
My opinion
Bullish above 1.5197 SEK
My targets
1.5271 SEK (+0.0027)
1.5311 SEK (+0.0067)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on DKK/SEK as long as the price remains well above 1.5197 SEK. The buyers' bullish objective is set at 1.5271 SEK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.5311 SEK. If there is any crossing, the next objective would be the resistance located at 1.5364 SEK. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
6.8
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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/SEK price is 1.5244 SEK. On the day, this instrument lost -0.01% with the lowest point at 1.5218 SEK and the highest point at 1.5254 SEK. The deviation from the price is +0.17% for the low point and -0.07% for the high point.1.5218
1.5254
1.5244
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by DKK/SEK:
Near a new HIGH record (1 year)
Type : Bullish
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 1H chart of DKK/SEK indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Other results related to technical indicators were also found by the Central Indicators scanner:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.5121 | 1.5172 | 1.5197 | 1.5244 | 1.5271 | 1.5311 | 1.5364 |
| Change (%) | -0.81% | -0.47% | -0.31% | - | +0.18% | +0.44% | +0.79% |
| Change | -0.0123 | -0.0072 | -0.0047 | - | +0.0027 | +0.0067 | +0.0120 |
| Level | Minor | Major | Intermediate | - | Minor | Intermediate | Intermediate |
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 | 1.5064 | 1.5111 | 1.5178 | 1.5225 | 1.5292 | 1.5339 | 1.5406 |
| Camarilla | 1.5215 | 1.5225 | 1.5236 | 1.5246 | 1.5257 | 1.5267 | 1.5277 |
| Woodie | 1.5075 | 1.5116 | 1.5189 | 1.5230 | 1.5303 | 1.5344 | 1.5417 |
| Fibonacci | 1.5111 | 1.5154 | 1.5181 | 1.5225 | 1.5268 | 1.5295 | 1.5339 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.4714 | 1.4896 | 1.5000 | 1.5182 | 1.5286 | 1.5468 | 1.5572 |
| Camarilla | 1.5025 | 1.5052 | 1.5078 | 1.5104 | 1.5130 | 1.5156 | 1.5183 |
| Woodie | 1.4675 | 1.4877 | 1.4961 | 1.5163 | 1.5247 | 1.5449 | 1.5533 |
| Fibonacci | 1.4896 | 1.5005 | 1.5073 | 1.5182 | 1.5291 | 1.5359 | 1.5468 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.4745 | 1.4911 | 1.5046 | 1.5212 | 1.5347 | 1.5513 | 1.5648 |
| Camarilla | 1.5097 | 1.5125 | 1.5152 | 1.5180 | 1.5208 | 1.5235 | 1.5263 |
| Woodie | 1.4729 | 1.4903 | 1.5030 | 1.5204 | 1.5331 | 1.5505 | 1.5632 |
| Fibonacci | 1.4911 | 1.5026 | 1.5097 | 1.5212 | 1.5327 | 1.5398 | 1.5513 |
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): | 58.33 | |
| MACD (12,26,9): | 0.0014 | |
| Directional Movement: | 6.3039 | |
| AROON (14): | -28.5714 | |
| DEMA (21): | 1.5247 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.5259 | |
| Elder Ray (13): | 0.0013 | |
| Super Trend (3,10): | 1.5188 | |
| Zig ZAG (10): | 1.5239 | |
| VORTEX (21): | 1.1616 | |
| Stochastique (14,3,5): | 59.02 | |
| TEMA (21): | 1.5246 | |
| Williams %R (14): | -44.29 | |
| Chande Momentum Oscillator (20): | 0.0001 | |
| Repulse (5,40,3): | -0.0369 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0162 | |
| Courbe Coppock: | 0.18 |
| MA7: | 1.5182 | |
| MA20: | 1.5223 | |
| MA50: | 1.5322 | |
| MA100: | 1.5318 | |
| MAexp7: | 1.5238 | |
| MAexp20: | 1.5226 | |
| MAexp50: | 1.5200 | |
| MAexp100: | 1.5184 | |
| Price / MA7: | +0.41% | |
| Price / MA20: | +0.14% | |
| Price / MA50: | -0.51% | |
| Price / MA100: | -0.48% | |
| Price / MAexp7: | +0.04% | |
| Price / MAexp20: | +0.12% | |
| Price / MAexp50: | +0.29% | |
| Price / MAexp100: | +0.40% |
Quotes :
-
Real time data
-
Forex
This member declared not having a position on this financial instrument or a related financial instrument.
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