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DKK/ZAR
DKK ZAR
- ZAR (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: DKKZAR
ISIN:

DKK/ZAR - 1H - Technical analysis published on 08/14/2023 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
44%
22%
33%
My opinion
Bullish above 2.7744 ZAR
My targets
2.7932 ZAR (+0.0042)
2.8105 ZAR (+0.0215)
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 2.7744 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 2.8105 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.

Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
6.4

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.

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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

DKK/ZAR rating 2.7890 ZAR. The price registered an increase of +0.00% on the session and was traded between 2.7786 ZAR and 2.7989 ZAR over the period. The price is currently at +0.37% from its lowest and -0.35% from its highest.

2.7786
2.7989
2.7890

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

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


Technical analysis of DKK/ZAR in 1H shows a strongly overall bullish trend. 89.29% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

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 has recently detected several signals:

Central Indicators

MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : 1 hour


Momentum indicator is back over 0

Type : Bullish

Timeframe : 1 hour


Williams %R indicator is back under -50

Type : Bearish

Timeframe : 1 hour



Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:

Central Candlesticks

White gravestone / inverted hammer

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 2.7381 2.7553 2.7744 2.7890 2.7932 2.8105 2.8514
Change (%) -1.83% -1.21% -0.52% - +0.15% +0.77% +2.24%
Change -0.0509 -0.0337 -0.0146 - +0.0042 +0.0215 +0.0624
Level Minor Intermediate Minor - Major Intermediate Intermediate



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2.75882.76482.77702.78302.79522.80122.8134
Camarilla2.78412.78582.78742.78912.79082.79242.7941
Woodie2.76182.76642.78002.78462.79822.80282.8164
Fibonacci2.76482.77182.77612.78302.79002.79432.8012


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2.64492.68232.73572.77312.82652.86392.9173
Camarilla2.76412.77252.78082.78912.79742.80582.8141
Woodie2.65292.68632.74372.77712.83452.86792.9253
Fibonacci2.68232.71702.73842.77312.80782.82922.8639


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2.34892.47302.55522.67932.76152.88562.9678
Camarilla2.58072.59962.61852.63742.65632.67522.6941
Woodie2.32802.46252.53432.66882.74062.87512.9469
Fibonacci2.47302.55182.60052.67932.75812.80682.8856

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): 53.72
MACD (12,26,9): 0.0016
Directional Movement: 7.2923
AROON (14): 35.7143
DEMA (21): 2.7903
Parabolic SAR (0,02-0,02-0,2): 2.7824
Elder Ray (13): 0.0025
Super Trend (3,10): 2.7760
Zig ZAG (10): 2.7899
VORTEX (21): 1.0839
Stochastique (14,3,5): 49.91
TEMA (21): 2.7907
Williams %R (14): -50.82
Chande Momentum Oscillator (20): 0.0018
Repulse (5,40,3): -0.1224
ROCnROLL: 1
TRIX (15,9): 0.0086
Courbe Coppock: 0.09
MA7: 2.7749
MA20: 2.7023
MA50: 2.7148
MA100: 2.7215
MAexp7: 2.7896
MAexp20: 2.7882
MAexp50: 2.7856
MAexp100: 2.7787
Price / MA7: +0.51%
Price / MA20: +3.21%
Price / MA50: +2.73%
Price / MA100: +2.48%
Price / MAexp7: -0.02%
Price / MAexp20: +0.03%
Price / MAexp50: +0.12%
Price / MAexp100: +0.37%

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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