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DKK/ZAR
DKK ZAR
23.0234 ZAR (+0.05%)
04/02/2025 - 02:10 Open Real time data - Forex
Open: 23.0121
Change: +0.0108
Volume: 5,373
Low: 23.0121
High: 23.0484
High / Low range: 0.0363
Type: Forex
Ticker: DKKZAR
ISIN:

DKK/ZAR - 1H - Technical analysis published on 08/24/2023 (GMT)

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  • 08/24/2023 - 08:03
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  • Timeframe : 1H
  • - Analysis generated on 08/24/2023 - 08:03
  • Status : INVALID

Analysis too old. There are no more charts available.

Summary of the analysis

Trends
Short term: Neutral
Underlying: Bearish
Technical indicators
61%
11%
28%
My opinion
Bearish under 2.7215 ZAR
My targets
2.6835 ZAR (-0.0294)
2.6656 ZAR (-0.0473)
My analysis
Has the basic bearish 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 bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 2.7215 ZAR remains possible. It is advisable to trade DKK/ZAR with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 2.7215 ZAR. The next bearish objective for sellers is set at 2.6835 ZAR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 2.6656 ZAR. In case of crossing, the next objective would be the support located at 2.5909 ZAR. PS: if there is a bullish break in the resistance located at 2.7215 ZAR we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.

Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
0.9

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.

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15 min. Daily Weekly

Additional analysis

Quotes

The DKK/ZAR rating is 2.7129 ZAR. On the day, this instrument gained +0.66% and was traded between 2.6923 ZAR and 2.7152 ZAR over the period. The price is currently at +0.77% from its lowest and -0.08% from its highest.

2.6923
2.7152
2.7129

Here is a more detailed summary of the historical variations registered by DKK/ZAR:
Created with Raphaël 2.3.0-7.507.51522.5January 1st3 years1 year6 months1 month5 daysToday
The Central Records scanner for higher/lower results shows the following items:

Central Records

Near a new HIGH record (5 years)

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 bearish trend. 71.43% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:

Central Indicators

Bullish trend reversal : Moving Average 20

Type : Bullish

Timeframe : 1 hour


Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : 1 hour



The technical indicators are bullish. There is still some doubt about the price increase.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly


RSI indicator is back over 50

Type : Bullish

Timeframe : 1 hour


SuperTrend indicator bullish reversal

Type : Bullish

Timeframe : 1 hour


Price is back over the pivot point

Type : Bullish

Timeframe : 1 hour



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Central Patterns

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


S3S2S1PriceR1R2R3
ProTrendLines 2.5909 2.6656 2.6835 2.7129 2.7448 2.7627 2.7932
Change (%) -4.50% -1.74% -1.08% - +1.18% +1.84% +2.96%
Change -0.1220 -0.0473 -0.0294 - +0.0319 +0.0498 +0.0803
Level Intermediate Intermediate Intermediate - Intermediate Minor Major



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2.61982.65152.67342.70512.72702.75872.7806
Camarilla2.68052.68542.69032.69522.70012.70502.7099
Woodie2.61482.64912.66842.70272.72202.75632.7756
Fibonacci2.65152.67202.68472.70512.72562.73832.7587


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2.68022.72152.74592.78722.81162.85292.8773
Camarilla2.75232.75842.76442.77042.77642.78252.7885
Woodie2.67192.71732.73762.78302.80332.84872.8690
Fibonacci2.72152.74662.76212.78722.81232.82782.8529


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 the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators
Created with Raphaël 2.3.0Buy11
Moving averages
Created with Raphaël 2.3.0Sell20

RSI (14): 58.92
MACD (12,26,9): -0.0052
Directional Movement: 1.5723
AROON (14): 71.4286
DEMA (21): 2.6927
Parabolic SAR (0,02-0,02-0,2): 2.6918
Elder Ray (13): 0.0069
Super Trend (3,10): 2.6853
Zig ZAG (10): 2.7124
VORTEX (21): 0.8880
Stochastique (14,3,5): 77.33
TEMA (21): 2.6973
Williams %R (14): -11.29
Chande Momentum Oscillator (20): 0.0151
Repulse (5,40,3): 0.6302
ROCnROLL: -1
TRIX (15,9): -0.0468
Courbe Coppock: 0.20
MA7: 2.7531
MA20: 2.7451
MA50: 2.7235
MA100: 2.7319
MAexp7: 2.7001
MAexp20: 2.7019
MAexp50: 2.7183
MAexp100: 2.7386
Price / MA7: -1.46%
Price / MA20: -1.17%
Price / MA50: -0.39%
Price / MA100: -0.70%
Price / MAexp7: +0.47%
Price / MAexp20: +0.41%
Price / MAexp50: -0.20%
Price / MAexp100: -0.94%

Quotes : 08/24/2023 - 08:03 - Real time data - Forex

This member declared not having a position on this financial instrument or a related financial instrument.

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Londinia
Londinia AI

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