NZD/DKK - 1H - Technical analysis published on 11/23/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 4.1315 DKK
My targets
4.1539 DKK (+0.0129)
4.1598 DKK (+0.0188)
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 4.1315 DKK. The buyers' bullish objective is set at 4.1539 DKK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 4.1598 DKK. If there is any crossing, the next objective would be the resistance located at 4.2469 DKK. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
8.6
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Additional analysis
Quotes
The NZD/DKK price is 4.1410 DKK. The price has increased by +0.46% since the last closing with the lowest point at 4.1221 DKK and the highest point at 4.1415 DKK. The deviation from the price is +0.46% for the low point and -0.01% for the high point.4.1221
4.1415
4.1410
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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 strongly bullish. 89.29% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 16 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
CCI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4.0912 | 4.1164 | 4.1315 | 4.1410 | 4.1420 | 4.1539 | 4.1598 |
| Change (%) | -1.20% | -0.59% | -0.23% | - | +0.02% | +0.31% | +0.45% |
| Change | -0.0498 | -0.0246 | -0.0095 | - | +0.0010 | +0.0129 | +0.0188 |
| Level | Major | Intermediate | Major | - | Intermediate | Minor | Major |
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 | 4.0904 | 4.1034 | 4.1128 | 4.1258 | 4.1352 | 4.1482 | 4.1576 |
| Camarilla | 4.1159 | 4.1180 | 4.1201 | 4.1221 | 4.1242 | 4.1262 | 4.1283 |
| Woodie | 4.0885 | 4.1025 | 4.1109 | 4.1249 | 4.1333 | 4.1473 | 4.1557 |
| Fibonacci | 4.1034 | 4.1120 | 4.1173 | 4.1258 | 4.1344 | 4.1397 | 4.1482 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.9900 | 4.0350 | 4.0640 | 4.1090 | 4.1380 | 4.1830 | 4.2120 |
| Camarilla | 4.0728 | 4.0795 | 4.0863 | 4.0931 | 4.0999 | 4.1067 | 4.1135 |
| Woodie | 3.9821 | 4.0310 | 4.0561 | 4.1050 | 4.1301 | 4.1790 | 4.2041 |
| Fibonacci | 4.0350 | 4.0632 | 4.0807 | 4.1090 | 4.1372 | 4.1547 | 4.1830 |
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 technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 70.21 | |
| MACD (12,26,9): | 0.0032 | |
| Directional Movement: | 24.5188 | |
| AROON (14): | 64.2857 | |
| DEMA (21): | 4.1334 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.1250 | |
| Elder Ray (13): | 0.0079 | |
| Super Trend (3,10): | 4.1277 | |
| Zig ZAG (10): | 4.1403 | |
| VORTEX (21): | 1.2022 | |
| Stochastique (14,3,5): | 91.23 | |
| TEMA (21): | 4.1363 | |
| Williams %R (14): | -1.46 | |
| Chande Momentum Oscillator (20): | 0.0182 | |
| Repulse (5,40,3): | 0.1887 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0031 | |
| Courbe Coppock: | 0.55 |
| MA7: | 4.1209 | |
| MA20: | 4.1231 | |
| MA50: | 4.1533 | |
| MA100: | 4.1409 | |
| MAexp7: | 4.1356 | |
| MAexp20: | 4.1302 | |
| MAexp50: | 4.1266 | |
| MAexp100: | 4.1228 | |
| Price / MA7: | +0.49% | |
| Price / MA20: | +0.43% | |
| Price / MA50: | -0.30% | |
| Price / MA100: | +0.00% | |
| Price / MAexp7: | +0.13% | |
| Price / MAexp20: | +0.26% | |
| Price / MAexp50: | +0.35% | |
| Price / MAexp100: | +0.44% |
Quotes :
-
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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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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