DKK/SGD - 1H - Technical analysis published on 12/05/2022 (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:
Neutral
Underlying:
Bullish
Technical indicators
50%
11%
39%
My opinion
Bullish above 0.1910 SGD
My targets
0.1920 SGD (+0.0005)
0.1928 SGD (+0.0013)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 0.1910 SGD remains possible. It is advisable to trade DKK/SGD with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 0.1910 SGD. The next bullish objective for buyers is set at 0.1920 SGD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.1928 SGD. If there is any crossing, the next objective would be the resistance located at 0.1937 SGD. PS: if there is a bearish break in the support located at 0.1910 SGD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
5.7
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Additional analysis
Quotes
The DKK/SGD rating is 0.1915 SGD. The price is lower by -0.05% since the last closing with the lowest point at 0.1909 SGD and the highest point at 0.1920 SGD. The deviation from the price is +0.31% for the low point and -0.26% for the high point.0.1909
0.1920
0.1915
A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this DKK/SGD chart shows a bullish trend. 75.00% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The probability of a further increase is slight given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
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 : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.1896 | 0.1904 | 0.1910 | 0.1915 | 0.1920 | 0.1928 | 0.1937 |
| Change (%) | -0.99% | -0.57% | -0.26% | - | +0.26% | +0.68% | +1.15% |
| Change | -0.0019 | -0.0011 | -0.0005 | - | +0.0005 | +0.0013 | +0.0022 |
| Level | Minor | Minor | Major | - | Intermediate | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.1892 | 0.1898 | 0.1907 | 0.1913 | 0.1922 | 0.1928 | 0.1937 |
| Camarilla | 0.1912 | 0.1913 | 0.1915 | 0.1916 | 0.1917 | 0.1919 | 0.1920 |
| Woodie | 0.1894 | 0.1899 | 0.1909 | 0.1914 | 0.1924 | 0.1929 | 0.1939 |
| Fibonacci | 0.1898 | 0.1904 | 0.1907 | 0.1913 | 0.1919 | 0.1922 | 0.1928 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.1855 | 0.1875 | 0.1896 | 0.1916 | 0.1937 | 0.1957 | 0.1978 |
| Camarilla | 0.1905 | 0.1909 | 0.1912 | 0.1916 | 0.1920 | 0.1924 | 0.1927 |
| Woodie | 0.1855 | 0.1875 | 0.1896 | 0.1916 | 0.1937 | 0.1957 | 0.1978 |
| Fibonacci | 0.1875 | 0.1891 | 0.1901 | 0.1916 | 0.1932 | 0.1942 | 0.1957 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.1779 | 0.1817 | 0.1861 | 0.1899 | 0.1943 | 0.1981 | 0.2025 |
| Camarilla | 0.1883 | 0.1890 | 0.1898 | 0.1905 | 0.1913 | 0.1920 | 0.1928 |
| Woodie | 0.1782 | 0.1819 | 0.1864 | 0.1901 | 0.1946 | 0.1983 | 0.2028 |
| Fibonacci | 0.1817 | 0.1848 | 0.1868 | 0.1899 | 0.1930 | 0.1950 | 0.1981 |
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): | 56.67 | |
| MACD (12,26,9): | 0.0001 | |
| Directional Movement: | -12.5406 | |
| AROON (14): | 35.7143 | |
| DEMA (21): | 0.1916 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.1920 | |
| Elder Ray (13): | 0.0002 | |
| Super Trend (3,10): | 0.1910 | |
| Zig ZAG (10): | 0.1916 | |
| VORTEX (21): | 1.0250 | |
| Stochastique (14,3,5): | 66.67 | |
| TEMA (21): | 0.1916 | |
| Williams %R (14): | -36.36 | |
| Chande Momentum Oscillator (20): | 0.0003 | |
| Repulse (5,40,3): | 0.1124 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0061 | |
| Courbe Coppock: | 0.17 |
| MA7: | 0.1915 | |
| MA20: | 0.1911 | |
| MA50: | 0.1893 | |
| MA100: | 0.1890 | |
| MAexp7: | 0.1916 | |
| MAexp20: | 0.1915 | |
| MAexp50: | 0.1913 | |
| MAexp100: | 0.1913 | |
| Price / MA7: | -0% | |
| Price / MA20: | +0.21% | |
| Price / MA50: | +1.16% | |
| Price / MA100: | +1.32% | |
| Price / MAexp7: | -0.05% | |
| Price / MAexp20: | -0% | |
| Price / MAexp50: | +0.10% | |
| Price / MAexp100: | +0.10% |
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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