DKK/ZAR - 1H - Technical analysis published on 01/05/2024 (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
39%
17%
44%
My opinion
Bullish above 2.7297 ZAR
My targets
2.7626 ZAR (+0.0181)
2.7699 ZAR (+0.0254)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on DKK/ZAR. As long as you are above the support located at 2.7297 ZAR, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 2.7626 ZAR would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 2.7699 ZAR as an objective. Crossing it would then enable buyers to target 2.7778 ZAR. If the support 2.7297 ZAR were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
3.2
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
DKK/ZAR rating 2.7445 ZAR. The price is lower by -0.02% since the last closing with the lowest point at 2.7380 ZAR and the highest point at 2.7660 ZAR. The deviation from the price is +0.24% for the low point and -0.78% for the high point.2.7380
2.7660
2.7445
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
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/ZAR indicates that the overall trend is bullish. 67.86% 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 scanner detects bullish signals on moving averages that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : 1 hour
In fact, only 7 technical indicators out of 18 studied are currently bullish. Other results related to technical indicators were also found by the Central Indicators scanner:
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
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 resistance of triangle
Type : Bearish
Timeframe : 1 hour
Near horizontal support
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
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 2.7206 | 2.7297 | 2.7435 | 2.7445 | 2.7626 | 2.7699 | 2.7778 |
| Change (%) | -0.87% | -0.54% | -0.04% | - | +0.66% | +0.93% | +1.21% |
| Change | -0.0239 | -0.0148 | -0.0010 | - | +0.0181 | +0.0254 | +0.0333 |
| Level | Major | Major | Intermediate | - | Major | 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 | 2.7073 | 2.7182 | 2.7316 | 2.7425 | 2.7559 | 2.7668 | 2.7802 |
| Camarilla | 2.7383 | 2.7406 | 2.7428 | 2.7450 | 2.7472 | 2.7495 | 2.7517 |
| Woodie | 2.7086 | 2.7188 | 2.7329 | 2.7431 | 2.7572 | 2.7674 | 2.7815 |
| Fibonacci | 2.7182 | 2.7275 | 2.7332 | 2.7425 | 2.7518 | 2.7575 | 2.7668 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.7042 | 2.7042 | 2.7042 | 2.7042 | 2.7042 | 2.7042 | 2.7042 |
| Camarilla | 2.7042 | 2.7042 | 2.7042 | 2.7042 | 2.7042 | 2.7042 | 2.7042 |
| Woodie | 2.7042 | 2.7042 | 2.7042 | 2.7042 | 2.7042 | 2.7042 | 2.7042 |
| Fibonacci | 2.7042 | 2.7042 | 2.7042 | 2.7042 | 2.7042 | 2.7042 | 2.7042 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.4025 | 2.4915 | 2.5998 | 2.6888 | 2.7971 | 2.8861 | 2.9944 |
| Camarilla | 2.6538 | 2.6719 | 2.6900 | 2.7081 | 2.7262 | 2.7443 | 2.7624 |
| Woodie | 2.4122 | 2.4963 | 2.6095 | 2.6936 | 2.8068 | 2.8909 | 3.0041 |
| Fibonacci | 2.4915 | 2.5669 | 2.6134 | 2.6888 | 2.7642 | 2.8107 | 2.8861 |
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): | 51.45 | |
| MACD (12,26,9): | 0.0011 | |
| Directional Movement: | 8.5296 | |
| AROON (14): | -14.2857 | |
| DEMA (21): | 2.7488 | |
| Parabolic SAR (0,02-0,02-0,2): | 2.7638 | |
| Elder Ray (13): | -0.0008 | |
| Super Trend (3,10): | 2.7385 | |
| Zig ZAG (10): | 2.7463 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 20.12 | |
| TEMA (21): | 2.7477 | |
| Williams %R (14): | -72.86 | |
| Chande Momentum Oscillator (20): | 0.0007 | |
| Repulse (5,40,3): | -0.1674 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0085 | |
| Courbe Coppock: | 0.24 |
| MA7: | 2.7259 | |
| MA20: | 2.7256 | |
| MA50: | 2.7082 | |
| MA100: | 2.7099 | |
| MAexp7: | 2.7467 | |
| MAexp20: | 2.7469 | |
| MAexp50: | 2.7437 | |
| MAexp100: | 2.7397 | |
| Price / MA7: | +0.68% | |
| Price / MA20: | +0.69% | |
| Price / MA50: | +1.34% | |
| Price / MA100: | +1.28% | |
| Price / MAexp7: | -0.08% | |
| Price / MAexp20: | -0.09% | |
| Price / MAexp50: | +0.03% | |
| Price / MAexp100: | +0.18% |
Quotes :
-
Real time data
-
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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