NZD/DKK - 1H - Technical analysis published on 11/02/2021 (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:
Slightly bearish
Technical indicators
11%
78%
11%
My opinion
Bearish under 4.6081 DKK
My targets
4.5755 DKK (-0.0177)
4.5635 DKK (-0.0297)
My analysis
NZD/DKK is currently trying to strengthen its basic trend with a very bearish short term. As long as the price remains below 4.6081 DKK, traders may consider taking advantage of this bearish acceleration and setting themselves to trade only in short positions (for sale). Sellers will encounter the support at 4.5755 DKK. A bearish break in this support would confirm a continuation of the bearish acceleration. The next support located at 4.5635 DKK would then be the next bearish objective for sellers. Crossing it would then enable sellers to target 4.5581 DKK. Beware of a possible return to above the resistance located at 4.6081 DKK which would be a sign of a correction of the short-term bearish excesses registered.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
4.3
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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 4.5932 DKK. The price is lower by -0.23% since the last closing and was between 4.5899 DKK and 4.6085 DKK. This implies that the price is at +0.07% from its lowest and at -0.33% from its highest.4.5899
4.6085
4.5932
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
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:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this NZD/DKK chart shows a slightly bearish trend. 53.57% of the signals given by moving averages are bearish. The overall trend could accelerate as a result of the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators shows a strong bearish signal.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
CCI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Ichimoku : price is under the cloud
Type : Bearish
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 support is broken
Type : Bearish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these signals that could have an impact on the current short-term trend:
Bearish harami
Type : Bearish
Timeframe : 1 hour
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4.5581 | 4.5635 | 4.5755 | 4.5932 | 4.5947 | 4.6081 | 4.6259 |
| Change (%) | -0.76% | -0.65% | -0.39% | - | +0.03% | +0.32% | +0.71% |
| Change | -0.0351 | -0.0297 | -0.0177 | - | +0.0015 | +0.0149 | +0.0327 |
| Level | Major | Intermediate | Minor | - | Minor | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.5714 | 4.5868 | 4.5952 | 4.6106 | 4.6190 | 4.6344 | 4.6428 |
| Camarilla | 4.5972 | 4.5993 | 4.6015 | 4.6037 | 4.6059 | 4.6081 | 4.6103 |
| Woodie | 4.5680 | 4.5851 | 4.5918 | 4.6089 | 4.6156 | 4.6327 | 4.6394 |
| Fibonacci | 4.5868 | 4.5959 | 4.6015 | 4.6106 | 4.6197 | 4.6253 | 4.6344 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.5276 | 4.5458 | 4.5795 | 4.5977 | 4.6314 | 4.6496 | 4.6833 |
| Camarilla | 4.5989 | 4.6037 | 4.6084 | 4.6132 | 4.6180 | 4.6227 | 4.6275 |
| Woodie | 4.5354 | 4.5497 | 4.5873 | 4.6016 | 4.6392 | 4.6535 | 4.6911 |
| Fibonacci | 4.5458 | 4.5656 | 4.5779 | 4.5977 | 4.6175 | 4.6298 | 4.6496 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.2831 | 4.3502 | 4.4817 | 4.5488 | 4.6803 | 4.7474 | 4.8789 |
| Camarilla | 4.5586 | 4.5768 | 4.5950 | 4.6132 | 4.6314 | 4.6496 | 4.6678 |
| Woodie | 4.3153 | 4.3663 | 4.5139 | 4.5649 | 4.7125 | 4.7635 | 4.9111 |
| Fibonacci | 4.3502 | 4.4261 | 4.4729 | 4.5488 | 4.6247 | 4.6715 | 4.7474 |
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): | 34.45 | |
| MACD (12,26,9): | -0.0027 | |
| Directional Movement: | -15.0523 | |
| AROON (14): | -100.0000 | |
| DEMA (21): | 4.6030 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.6099 | |
| Elder Ray (13): | -0.0075 | |
| Super Trend (3,10): | 4.6138 | |
| Zig ZAG (10): | 4.5948 | |
| VORTEX (21): | 0.8251 | |
| Stochastique (14,3,5): | 19.55 | |
| TEMA (21): | 4.5984 | |
| Williams %R (14): | -82.46 | |
| Chande Momentum Oscillator (20): | -0.0094 | |
| Repulse (5,40,3): | -0.1638 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0031 | |
| Courbe Coppock: | 0.57 |
| MA7: | 4.5965 | |
| MA20: | 4.5443 | |
| MA50: | 4.4875 | |
| MA100: | 4.4415 | |
| MAexp7: | 4.6006 | |
| MAexp20: | 4.6053 | |
| MAexp50: | 4.6044 | |
| MAexp100: | 4.5997 | |
| Price / MA7: | -0.07% | |
| Price / MA20: | +1.08% | |
| Price / MA50: | +2.36% | |
| Price / MA100: | +3.42% | |
| Price / MAexp7: | -0.16% | |
| Price / MAexp20: | -0.26% | |
| Price / MAexp50: | -0.24% | |
| Price / MAexp100: | -0.14% |
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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