Londinia Opportunities Analyses - 11/14/2024 (GMT) DKK/ZAR - 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
72%
0%
28%
My opinion
Bullish above 2.5757 ZAR
My targets
2.5991 ZAR (+0.0156)
2.6170 ZAR (+0.0335)
My analysis
DKK/ZAR is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 2.5757 ZAR. The next resistance located at 2.5991 ZAR is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 2.6170 ZAR. After this resistance, buyers could then target 2.7108 ZAR. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.4
Analysis too old. There are no more charts available.
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Additional analysis
Quotes
DKK/ZAR rating 2.5835 ZAR. The price has increased by +0.02% since the last closing with the lowest point at 2.5815 ZAR and the highest point at 2.5840 ZAR. The deviation from the price is +0.08% for the low point and -0.02% for the high point.2.5815
2.5840
2.5835
Here is a more detailed summary of the historical variations registered by DKK/ZAR:
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 LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of DKK/ZAR indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators shows a strong bullish signal.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 2.5542 | 2.5663 | 2.5757 | 2.5835 | 2.5837 | 2.6170 | 2.7108 |
| Change (%) | -1.13% | -0.67% | -0.30% | - | +0.01% | +1.30% | +4.93% |
| Change | -0.0293 | -0.0172 | -0.0078 | - | +0.0002 | +0.0335 | +0.1273 |
| Level | Minor | Major | Intermediate | - | Intermediate | Major | Intermediate |
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 | 2.5306 | 2.5426 | 2.5627 | 2.5747 | 2.5948 | 2.6068 | 2.6269 |
| Camarilla | 2.5741 | 2.5770 | 2.5800 | 2.5829 | 2.5858 | 2.5888 | 2.5917 |
| Woodie | 2.5348 | 2.5446 | 2.5669 | 2.5767 | 2.5990 | 2.6088 | 2.6311 |
| Fibonacci | 2.5426 | 2.5548 | 2.5624 | 2.5747 | 2.5869 | 2.5945 | 2.6068 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.4306 | 2.4665 | 2.4969 | 2.5328 | 2.5632 | 2.5991 | 2.6295 |
| Camarilla | 2.5091 | 2.5152 | 2.5212 | 2.5273 | 2.5334 | 2.5395 | 2.5455 |
| Woodie | 2.4279 | 2.4651 | 2.4942 | 2.5314 | 2.5605 | 2.5977 | 2.6268 |
| Fibonacci | 2.4665 | 2.4918 | 2.5075 | 2.5328 | 2.5581 | 2.5738 | 2.5991 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.4741 | 2.5041 | 2.5363 | 2.5663 | 2.5985 | 2.6285 | 2.6607 |
| Camarilla | 2.5514 | 2.5571 | 2.5628 | 2.5685 | 2.5742 | 2.5799 | 2.5856 |
| Woodie | 2.4752 | 2.5047 | 2.5374 | 2.5669 | 2.5996 | 2.6291 | 2.6618 |
| Fibonacci | 2.5041 | 2.5279 | 2.5425 | 2.5663 | 2.5901 | 2.6047 | 2.6285 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 59.82 | |
| MACD (12,26,9): | 0.0034 | |
| Directional Movement: | 1.8054 | |
| AROON (14): | 42.8571 | |
| DEMA (21): | 2.5816 | |
| Parabolic SAR (0,02-0,02-0,2): | 2.5720 | |
| Elder Ray (13): | 0.0033 | |
| Super Trend (3,10): | 2.5656 | |
| Zig ZAG (10): | 2.5838 | |
| VORTEX (21): | 1.0547 | |
| Stochastique (14,3,5): | 85.00 | |
| TEMA (21): | 2.5825 | |
| Williams %R (14): | -10.61 | |
| Chande Momentum Oscillator (20): | 0.0184 | |
| Repulse (5,40,3): | 0.1039 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0118 | |
| Courbe Coppock: | 1.20 |
| MA7: | 2.5546 | |
| MA20: | 2.5579 | |
| MA50: | 2.5807 | |
| MA100: | 2.6190 | |
| MAexp7: | 2.5817 | |
| MAexp20: | 2.5776 | |
| MAexp50: | 2.5708 | |
| MAexp100: | 2.5616 | |
| Price / MA7: | +1.13% | |
| Price / MA20: | +1.00% | |
| Price / MA50: | +0.11% | |
| Price / MA100: | -1.36% | |
| Price / MAexp7: | +0.07% | |
| Price / MAexp20: | +0.23% | |
| Price / MAexp50: | +0.49% | |
| Price / MAexp100: | +0.85% |
Quotes :
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Real time data
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Forex