DKK/ZAR - 1H - Technical analysis published on 08/09/2023 (GMT)
- 171
- 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:
Strongly bullish
Technical indicators
28%
33%
39%
My opinion
Bullish above 2.7615 ZAR
My targets
2.7932 ZAR (+0.0104)
2.8511 ZAR (+0.0683)
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/ZAR as long as the price remains well above 2.7615 ZAR. The buyers' bullish objective is set at 2.7932 ZAR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 2.8511 ZAR. If there is any crossing, the next objective would be the resistance located at 2.8514 ZAR. 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
5.9
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
DKK/ZAR rating 2.7828 ZAR. The price has increased by +0.00% since the last closing with the lowest point at 2.7805 ZAR and the highest point at 2.7862 ZAR. The deviation from the price is +0.08% for the low point and -0.12% for the high point.2.7805
2.7862
2.7828
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
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 (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
A technical analysis in 1H of this DKK/ZAR chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Aroon indicator bearish trend
Type : Bearish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 2.6650 | 2.7199 | 2.7553 | 2.7828 | 2.7932 | 2.8514 |
| Change (%) | -4.23% | -2.26% | -0.99% | - | +0.37% | +2.47% |
| Change | -0.1178 | -0.0629 | -0.0275 | - | +0.0104 | +0.0686 |
| Level | Intermediate | Intermediate | Intermediate | - | Major | 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 | 2.7333 | 2.7468 | 2.7648 | 2.7783 | 2.7963 | 2.8098 | 2.8278 |
| Camarilla | 2.7742 | 2.7771 | 2.7800 | 2.7829 | 2.7858 | 2.7887 | 2.7916 |
| Woodie | 2.7357 | 2.7479 | 2.7672 | 2.7794 | 2.7987 | 2.8109 | 2.8302 |
| Fibonacci | 2.7468 | 2.7588 | 2.7662 | 2.7783 | 2.7903 | 2.7977 | 2.8098 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.4728 | 2.5349 | 2.6309 | 2.6930 | 2.7890 | 2.8511 | 2.9471 |
| Camarilla | 2.6833 | 2.6978 | 2.7123 | 2.7268 | 2.7413 | 2.7558 | 2.7703 |
| Woodie | 2.4897 | 2.5434 | 2.6478 | 2.7015 | 2.8059 | 2.8596 | 2.9640 |
| Fibonacci | 2.5349 | 2.5953 | 2.6326 | 2.6930 | 2.7534 | 2.7907 | 2.8511 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.3489 | 2.4730 | 2.5552 | 2.6793 | 2.7615 | 2.8856 | 2.9678 |
| Camarilla | 2.5807 | 2.5996 | 2.6185 | 2.6374 | 2.6563 | 2.6752 | 2.6941 |
| Woodie | 2.3280 | 2.4625 | 2.5343 | 2.6688 | 2.7406 | 2.8751 | 2.9469 |
| Fibonacci | 2.4730 | 2.5518 | 2.6005 | 2.6793 | 2.7581 | 2.8068 | 2.8856 |
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): | 57.99 | |
| MACD (12,26,9): | 0.0047 | |
| Directional Movement: | 10.1088 | |
| AROON (14): | -21.4285 | |
| DEMA (21): | 2.7867 | |
| Parabolic SAR (0,02-0,02-0,2): | 2.7913 | |
| Elder Ray (13): | 0.0001 | |
| Super Trend (3,10): | 2.7680 | |
| Zig ZAG (10): | 2.7825 | |
| VORTEX (21): | 1.1206 | |
| Stochastique (14,3,5): | 31.06 | |
| TEMA (21): | 2.7848 | |
| Williams %R (14): | -73.02 | |
| Chande Momentum Oscillator (20): | -0.0021 | |
| Repulse (5,40,3): | -0.0422 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0317 | |
| Courbe Coppock: | 0.23 |
| MA7: | 2.7442 | |
| MA20: | 2.6915 | |
| MA50: | 2.7157 | |
| MA100: | 2.7169 | |
| MAexp7: | 2.7826 | |
| MAexp20: | 2.7796 | |
| MAexp50: | 2.7674 | |
| MAexp100: | 2.7478 | |
| Price / MA7: | +1.41% | |
| Price / MA20: | +3.39% | |
| Price / MA50: | +2.47% | |
| Price / MA100: | +2.43% | |
| Price / MAexp7: | +0.01% | |
| Price / MAexp20: | +0.12% | |
| Price / MAexp50: | +0.56% | |
| Price / MAexp100: | +1.27% |
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/ZAR - 1H