NZD/DKK - 1H - Technical analysis published on 09/09/2021 (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 bullish
Underlying:
Strongly bullish
Technical indicators
50%
22%
28%
My opinion
Bullish above 4.4594 DKK
My targets
4.4842 DKK (+0.0146)
4.4935 DKK (+0.0239)
My analysis
The bullish trend is currently very strong on NZD/DKK. As long as the price remains above the support at 4.4594 DKK, you could try to benefit from the boom. The first bullish objective is located at 4.4842 DKK. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 4.4935 DKK as an objective. Crossing it would then enable buyers to target 4.5487 DKK. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
6.3
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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
NZD/DKK rating 4.4696 DKK. On the day, this instrument gained +0.09% and was between 4.4578 DKK and 4.4702 DKK. This implies that the price is at +0.26% from its lowest and at -0.01% from its highest.4.4578
4.4702
4.4696
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of this 1H chart of NZD/DKK indicates that the overall trend is strongly bullish. The signals given by the moving averages are 85.71% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish trend reversal : Moving Average 50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Other results related to technical indicators were also found by the Central Indicators scanner:
Ichimoku : price is over the cloud
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Bullish engulfing lines
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4.4231 | 4.4510 | 4.4594 | 4.4696 | 4.4731 | 4.4842 | 4.4935 |
| Change (%) | -1.04% | -0.42% | -0.23% | - | +0.08% | +0.33% | +0.53% |
| Change | -0.0465 | -0.0186 | -0.0102 | - | +0.0035 | +0.0146 | +0.0239 |
| Level | Major | Major | Major | - | Intermediate | Minor | 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 | 4.4328 | 4.4424 | 4.4541 | 4.4637 | 4.4754 | 4.4850 | 4.4967 |
| Camarilla | 4.4599 | 4.4619 | 4.4639 | 4.4658 | 4.4678 | 4.4697 | 4.4717 |
| Woodie | 4.4339 | 4.4429 | 4.4552 | 4.4642 | 4.4765 | 4.4855 | 4.4978 |
| Fibonacci | 4.4424 | 4.4505 | 4.4556 | 4.4637 | 4.4718 | 4.4769 | 4.4850 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.3493 | 4.3772 | 4.4283 | 4.4562 | 4.5073 | 4.5352 | 4.5863 |
| Camarilla | 4.4576 | 4.4648 | 4.4721 | 4.4793 | 4.4865 | 4.4938 | 4.5010 |
| Woodie | 4.3608 | 4.3830 | 4.4398 | 4.4620 | 4.5188 | 4.5410 | 4.5978 |
| Fibonacci | 4.3772 | 4.4074 | 4.4261 | 4.4562 | 4.4864 | 4.5051 | 4.5352 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.2225 | 4.2777 | 4.3588 | 4.4140 | 4.4951 | 4.5503 | 4.6314 |
| Camarilla | 4.4025 | 4.4150 | 4.4275 | 4.4400 | 4.4525 | 4.4650 | 4.4775 |
| Woodie | 4.2356 | 4.2842 | 4.3719 | 4.4205 | 4.5082 | 4.5568 | 4.6445 |
| Fibonacci | 4.2777 | 4.3297 | 4.3619 | 4.4140 | 4.4660 | 4.4982 | 4.5503 |
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): | 57.96 | |
| MACD (12,26,9): | 0.0001 | |
| Directional Movement: | 4.4439 | |
| AROON (14): | -57.1428 | |
| DEMA (21): | 4.4646 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.4578 | |
| Elder Ray (13): | -0.0004 | |
| Super Trend (3,10): | 4.4553 | |
| Zig ZAG (10): | 4.4637 | |
| VORTEX (21): | 1.0130 | |
| Stochastique (14,3,5): | 26.53 | |
| TEMA (21): | 4.4623 | |
| Williams %R (14): | -57.82 | |
| Chande Momentum Oscillator (20): | -0.0045 | |
| Repulse (5,40,3): | 0.0481 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0010 | |
| Courbe Coppock: | 0.22 |
| MA7: | 4.4605 | |
| MA20: | 4.4190 | |
| MA50: | 4.4104 | |
| MA100: | 4.4090 | |
| MAexp7: | 4.4626 | |
| MAexp20: | 4.4641 | |
| MAexp50: | 4.4639 | |
| MAexp100: | 4.4612 | |
| Price / MA7: | +0.20% | |
| Price / MA20: | +1.15% | |
| Price / MA50: | +1.34% | |
| Price / MA100: | +1.37% | |
| Price / MAexp7: | +0.16% | |
| Price / MAexp20: | +0.12% | |
| Price / MAexp50: | +0.13% | |
| Price / MAexp100: | +0.19% |
Quotes :
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Real time data
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Forex
This member declared not having a position on this financial instrument or a related financial instrument.
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