NZD/DKK - 1H - Technical analysis published on 08/19/2021 (GMT)
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- 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 bearish
Underlying:
Strongly bearish
Technical indicators
28%
50%
22%
My opinion
Bearish under 4.3695 DKK
My targets
4.3464 DKK (-0.0092)
4.3061 DKK (-0.0495)
My analysis
NZD/DKK is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 4.3695 DKK. The next support located at 4.3464 DKK is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 4.3061 DKK. Below this support, sellers could then target 4.2412 DKK. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
6.8
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The NZD/DKK price is 4.3556 DKK. On the day, this instrument lost -0.29% and was traded between 4.3339 DKK and 4.3716 DKK over the period. The price is currently at +0.50% from its lowest and -0.37% from its highest.4.3339
4.3716
4.3556
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by NZD/DKK:
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 NZD/DKK chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, of the 18 technical indicators analysed by Central Analyzer, 5 are bullish, 4 are neutral and 9 are bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Horizontal support is broken
Type : Bearish
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 | 4.2412 | 4.3061 | 4.3464 | 4.3556 | 4.3695 | 4.4234 | 4.4417 |
| Change (%) | -2.63% | -1.14% | -0.21% | - | +0.32% | +1.56% | +1.98% |
| Change | -0.1144 | -0.0495 | -0.0092 | - | +0.0139 | +0.0678 | +0.0861 |
| Level | Minor | Minor | Major | - | Major | Major | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.3065 | 4.3356 | 4.3520 | 4.3811 | 4.3975 | 4.4266 | 4.4430 |
| Camarilla | 4.3559 | 4.3601 | 4.3642 | 4.3684 | 4.3726 | 4.3767 | 4.3809 |
| Woodie | 4.3002 | 4.3324 | 4.3457 | 4.3779 | 4.3912 | 4.4234 | 4.4367 |
| Fibonacci | 4.3356 | 4.3530 | 4.3637 | 4.3811 | 4.3985 | 4.4092 | 4.4266 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.3606 | 4.3886 | 4.4130 | 4.4410 | 4.4654 | 4.4934 | 4.5178 |
| Camarilla | 4.4229 | 4.4277 | 4.4325 | 4.4373 | 4.4421 | 4.4469 | 4.4517 |
| Woodie | 4.3587 | 4.3877 | 4.4111 | 4.4401 | 4.4635 | 4.4925 | 4.5159 |
| Fibonacci | 4.3886 | 4.4087 | 4.4210 | 4.4410 | 4.4611 | 4.4734 | 4.4934 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.2227 | 4.2859 | 4.3280 | 4.3912 | 4.4333 | 4.4965 | 4.5386 |
| Camarilla | 4.3412 | 4.3509 | 4.3606 | 4.3702 | 4.3799 | 4.3895 | 4.3992 |
| Woodie | 4.2123 | 4.2806 | 4.3176 | 4.3859 | 4.4229 | 4.4912 | 4.5282 |
| Fibonacci | 4.2859 | 4.3261 | 4.3509 | 4.3912 | 4.4314 | 4.4562 | 4.4965 |
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): | 34.71 | |
| MACD (12,26,9): | -0.0094 | |
| Directional Movement: | -16.9588 | |
| AROON (14): | -71.4286 | |
| DEMA (21): | 4.3458 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.3586 | |
| Elder Ray (13): | -0.0061 | |
| Super Trend (3,10): | 4.3637 | |
| Zig ZAG (10): | 4.3477 | |
| VORTEX (21): | 0.7944 | |
| Stochastique (14,3,5): | 34.73 | |
| TEMA (21): | 4.3434 | |
| Williams %R (14): | -59.95 | |
| Chande Momentum Oscillator (20): | -0.0114 | |
| Repulse (5,40,3): | 0.0232 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0295 | |
| Courbe Coppock: | 0.95 |
| MA7: | 4.4132 | |
| MA20: | 4.4083 | |
| MA50: | 4.3962 | |
| MA100: | 4.4087 | |
| MAexp7: | 4.3504 | |
| MAexp20: | 4.3577 | |
| MAexp50: | 4.3743 | |
| MAexp100: | 4.3926 | |
| Price / MA7: | -1.31% | |
| Price / MA20: | -1.20% | |
| Price / MA50: | -0.92% | |
| Price / MA100: | -1.20% | |
| Price / MAexp7: | +0.12% | |
| Price / MAexp20: | -0.05% | |
| Price / MAexp50: | -0.43% | |
| Price / MAexp100: | -0.84% |
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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