Londinia Opportunities Analyses - 10/10/2024 (GMT) DKK/SGD - 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 bearish
Underlying:
Strongly bearish
Technical indicators
11%
78%
11%
My opinion
Bearish under 0.1916 SGD
My targets
0.1911 SGD (-0.0003)
0.1909 SGD (-0.0005)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on DKK/SGD as long as the price remains well below 0.1916 SGD. The sellers' bearish objective is set at 0.1911 SGD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.1909 SGD. In case of crossing, the next objective would be the support located at 0.1856 SGD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
8.2
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Additional analysis
Quotes
DKK/SGD rating 0.1914 SGD. The price registered a decrease of -0.21% on the session with the lowest point at 0.1912 SGD and the highest point at 0.1920 SGD. The deviation from the price is +0.10% for the low point and -0.31% for the high point.0.1912
0.1920
0.1914
A study of price movements over other periods shows the following variations:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this DKK/SGD chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 14 technical indicators on 18 studied are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 2
Type : Neutral
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.1909 | 0.1911 | 0.1914 | 0.1914 | 0.1916 | 0.1919 | 0.1921 |
| Change (%) | -0.26% | -0.16% | 0% | - | +0.10% | +0.26% | +0.37% |
| Change | -0.0005 | -0.0003 | 0 | - | +0.0002 | +0.0005 | +0.0007 |
| Level | Minor | Intermediate | Minor | - | Major | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.1912 | 0.1914 | 0.1916 | 0.1918 | 0.1920 | 0.1922 | 0.1924 |
| Camarilla | 0.1917 | 0.1917 | 0.1918 | 0.1918 | 0.1918 | 0.1919 | 0.1919 |
| Woodie | 0.1912 | 0.1914 | 0.1916 | 0.1918 | 0.1920 | 0.1922 | 0.1924 |
| Fibonacci | 0.1914 | 0.1916 | 0.1917 | 0.1918 | 0.1920 | 0.1921 | 0.1922 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.1896 | 0.1903 | 0.1911 | 0.1918 | 0.1926 | 0.1933 | 0.1941 |
| Camarilla | 0.1916 | 0.1917 | 0.1919 | 0.1920 | 0.1921 | 0.1923 | 0.1924 |
| Woodie | 0.1898 | 0.1903 | 0.1913 | 0.1918 | 0.1928 | 0.1933 | 0.1943 |
| Fibonacci | 0.1903 | 0.1908 | 0.1912 | 0.1918 | 0.1923 | 0.1927 | 0.1933 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.1882 | 0.1899 | 0.1909 | 0.1926 | 0.1936 | 0.1953 | 0.1963 |
| Camarilla | 0.1913 | 0.1915 | 0.1918 | 0.1920 | 0.1923 | 0.1925 | 0.1927 |
| Woodie | 0.1880 | 0.1897 | 0.1907 | 0.1924 | 0.1934 | 0.1951 | 0.1961 |
| Fibonacci | 0.1899 | 0.1909 | 0.1915 | 0.1926 | 0.1936 | 0.1942 | 0.1953 |
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): | 41.15 | |
| MACD (12,26,9): | -0.0001 | |
| Directional Movement: | -22.6044 | |
| AROON (14): | 0 | |
| DEMA (21): | 0.1915 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.1919 | |
| Elder Ray (13): | -0.0002 | |
| Super Trend (3,10): | 0.1920 | |
| Zig ZAG (10): | 0.1915 | |
| VORTEX (21): | 0.9167 | |
| Stochastique (14,3,5): | 29.17 | |
| TEMA (21): | 0.1915 | |
| Williams %R (14): | -62.50 | |
| Chande Momentum Oscillator (20): | -0.0002 | |
| Repulse (5,40,3): | 0.0206 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0043 | |
| Courbe Coppock: | 0.24 |
| MA7: | 0.1918 | |
| MA20: | 0.1923 | |
| MA50: | 0.1933 | |
| MA100: | 0.1944 | |
| MAexp7: | 0.1915 | |
| MAexp20: | 0.1916 | |
| MAexp50: | 0.1917 | |
| MAexp100: | 0.1918 | |
| Price / MA7: | -0.21% | |
| Price / MA20: | -0.47% | |
| Price / MA50: | -0.98% | |
| Price / MA100: | -1.54% | |
| Price / MAexp7: | -0.05% | |
| Price / MAexp20: | -0.10% | |
| Price / MAexp50: | -0.16% | |
| Price / MAexp100: | -0.21% |
Quotes :
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Real time data
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Forex