NZD/DKK - 1H - Technical analysis published on 11/15/2023 (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:
Bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 4.0912 DKK
My targets
4.1252 DKK (+0.0083)
4.1315 DKK (+0.0146)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on NZD/DKK as long as the price remains well above 4.0912 DKK. The buyers' bullish objective is set at 4.1252 DKK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 4.1315 DKK. If there is any crossing, the next objective would be the resistance located at 4.1376 DKK.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
6.4
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The NZD/DKK price is 4.1169 DKK. The price registered a decrease of -0.01% on the session and was between 4.1164 DKK and 4.1183 DKK. This implies that the price is at +0.01% from its lowest and at -0.03% from its highest.4.1164
4.1183
4.1169
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of NZD/DKK indicates that the overall trend is bullish. 75.00% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish trend reversal : Moving Average 100
Type : Bullish
Timeframe : 1 hour
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 3.8975 | 4.0544 | 4.0912 | 4.1169 | 4.1252 | 4.1315 | 4.1376 |
| Change (%) | -5.33% | -1.52% | -0.62% | - | +0.20% | +0.35% | +0.50% |
| Change | -0.2194 | -0.0625 | -0.0257 | - | +0.0083 | +0.0146 | +0.0207 |
| Level | Major | Major | Minor | - | Intermediate | Intermediate | Minor |
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 | 4.0478 | 4.0639 | 4.0905 | 4.1066 | 4.1332 | 4.1493 | 4.1759 |
| Camarilla | 4.1055 | 4.1094 | 4.1133 | 4.1172 | 4.1211 | 4.1250 | 4.1289 |
| Woodie | 4.0532 | 4.0665 | 4.0959 | 4.1092 | 4.1386 | 4.1519 | 4.1813 |
| Fibonacci | 4.0639 | 4.0802 | 4.0903 | 4.1066 | 4.1229 | 4.1330 | 4.1493 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.0280 | 4.0688 | 4.0901 | 4.1309 | 4.1522 | 4.1930 | 4.2143 |
| Camarilla | 4.0943 | 4.1000 | 4.1057 | 4.1114 | 4.1171 | 4.1228 | 4.1285 |
| Woodie | 4.0183 | 4.0639 | 4.0804 | 4.1260 | 4.1425 | 4.1881 | 4.2046 |
| Fibonacci | 4.0688 | 4.0925 | 4.1072 | 4.1309 | 4.1546 | 4.1693 | 4.1930 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.8629 | 3.9743 | 4.0358 | 4.1472 | 4.2087 | 4.3201 | 4.3816 |
| Camarilla | 4.0499 | 4.0657 | 4.0816 | 4.0974 | 4.1133 | 4.1291 | 4.1450 |
| Woodie | 3.8381 | 3.9618 | 4.0110 | 4.1347 | 4.1839 | 4.3076 | 4.3568 |
| Fibonacci | 3.9743 | 4.0403 | 4.0811 | 4.1472 | 4.2132 | 4.2540 | 4.3201 |
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
Moving averages
| RSI (14): | 63.73 | |
| MACD (12,26,9): | 0.0050 | |
| Directional Movement: | 16.8106 | |
| AROON (14): | 64.2857 | |
| DEMA (21): | 4.1144 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.1078 | |
| Elder Ray (13): | 0.0052 | |
| Super Trend (3,10): | 4.1036 | |
| Zig ZAG (10): | 4.1172 | |
| VORTEX (21): | 1.1801 | |
| Stochastique (14,3,5): | 87.12 | |
| TEMA (21): | 4.1203 | |
| Williams %R (14): | -12.65 | |
| Chande Momentum Oscillator (20): | 0.0354 | |
| Repulse (5,40,3): | -0.0821 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0101 | |
| Courbe Coppock: | 1.27 |
| MA7: | 4.1169 | |
| MA20: | 4.1189 | |
| MA50: | 4.1518 | |
| MA100: | 4.1461 | |
| MAexp7: | 4.1160 | |
| MAexp20: | 4.1092 | |
| MAexp50: | 4.1077 | |
| MAexp100: | 4.1130 | |
| Price / MA7: | -0% | |
| Price / MA20: | -0.05% | |
| Price / MA50: | -0.84% | |
| Price / MA100: | -0.70% | |
| Price / MAexp7: | +0.02% | |
| Price / MAexp20: | +0.19% | |
| Price / MAexp50: | +0.22% | |
| Price / MAexp100: | +0.09% |
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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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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