Londinia Opportunities Analyses - 05/15/2024 (GMT) DKK/HKD - 1H
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
- FX/Indices
- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
61%
6%
33%
My opinion
Bullish above 1.1299 HKD
My targets
1.1405 HKD (+0.0068)
1.1490 HKD (+0.0153)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on DKK/HKD as long as the price remains well above 1.1299 HKD. The buyers' bullish objective is set at 1.1405 HKD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.1490 HKD. If there is any crossing, the next objective would be the resistance located at 1.1637 HKD. 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
7.9
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Additional analysis
Quotes
DKK/HKD rating 1.1337 HKD. On the day, this instrument gained +0.13% with the lowest point at 1.1321 HKD and the highest point at 1.1338 HKD. The deviation from the price is +0.14% for the low point and -0.01% for the high point.1.1321
1.1338
1.1337
Here is a more detailed summary of the historical variations registered by DKK/HKD:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of DKK/HKD indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The technical indicators are bullish. There is still some doubt about the price increase.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these signals that could have an impact on the current short-term trend:
Bullish harami
Type : Bullish
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 | 1.1274 | 1.1299 | 1.1335 | 1.1337 | 1.1405 | 1.1490 | 1.1637 |
| Change (%) | -0.56% | -0.34% | -0.02% | - | +0.60% | +1.35% | +2.65% |
| Change | -0.0063 | -0.0038 | -0.0002 | - | +0.0068 | +0.0153 | +0.0300 |
| Level | Intermediate | Intermediate | Intermediate | - | Intermediate | Intermediate | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.1225 | 1.1249 | 1.1286 | 1.1310 | 1.1347 | 1.1371 | 1.1408 |
| Camarilla | 1.1305 | 1.1311 | 1.1316 | 1.1322 | 1.1328 | 1.1333 | 1.1339 |
| Woodie | 1.1231 | 1.1252 | 1.1292 | 1.1313 | 1.1353 | 1.1374 | 1.1414 |
| Fibonacci | 1.1249 | 1.1273 | 1.1287 | 1.1310 | 1.1334 | 1.1348 | 1.1371 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.1170 | 1.1204 | 1.1243 | 1.1277 | 1.1316 | 1.1350 | 1.1389 |
| Camarilla | 1.1262 | 1.1269 | 1.1275 | 1.1282 | 1.1289 | 1.1295 | 1.1302 |
| Woodie | 1.1173 | 1.1205 | 1.1246 | 1.1278 | 1.1319 | 1.1351 | 1.1392 |
| Fibonacci | 1.1204 | 1.1232 | 1.1249 | 1.1277 | 1.1305 | 1.1322 | 1.1350 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0761 | 1.0942 | 1.1065 | 1.1246 | 1.1369 | 1.1550 | 1.1673 |
| Camarilla | 1.1104 | 1.1132 | 1.1160 | 1.1188 | 1.1216 | 1.1244 | 1.1272 |
| Woodie | 1.0732 | 1.0928 | 1.1036 | 1.1232 | 1.1340 | 1.1536 | 1.1644 |
| Fibonacci | 1.0942 | 1.1058 | 1.1130 | 1.1246 | 1.1362 | 1.1434 | 1.1550 |
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): | 61.10 | |
| MACD (12,26,9): | 0.0007 | |
| Directional Movement: | 1.8617 | |
| AROON (14): | 50.0000 | |
| DEMA (21): | 1.1335 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.1311 | |
| Elder Ray (13): | 0.0002 | |
| Super Trend (3,10): | 1.1315 | |
| Zig ZAG (10): | 1.1333 | |
| VORTEX (21): | 1.1467 | |
| Stochastique (14,3,5): | 70.47 | |
| TEMA (21): | 1.1336 | |
| Williams %R (14): | -29.41 | |
| Chande Momentum Oscillator (20): | 0.0005 | |
| Repulse (5,40,3): | 0.0138 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0098 | |
| Courbe Coppock: | 0.10 |
| MA7: | 1.1296 | |
| MA20: | 1.1252 | |
| MA50: | 1.1314 | |
| MA100: | 1.1353 | |
| MAexp7: | 1.1332 | |
| MAexp20: | 1.1326 | |
| MAexp50: | 1.1313 | |
| MAexp100: | 1.1300 | |
| Price / MA7: | +0.36% | |
| Price / MA20: | +0.76% | |
| Price / MA50: | +0.20% | |
| Price / MA100: | -0.14% | |
| Price / MAexp7: | +0.04% | |
| Price / MAexp20: | +0.10% | |
| Price / MAexp50: | +0.21% | |
| Price / MAexp100: | +0.33% |
Quotes :
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Real time data
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Forex