Londinia Opportunities Analyses - 11/14/2024 (GMT) DKK/ZAR - 1H

- ZAR (-)
- Real time data - Forex
Type: Forex
Ticker: DKKZAR
ISIN:

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:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

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:

Central Indicators

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:

Central Candlesticks

Doji

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
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
Standard2.53062.54262.56272.57472.59482.60682.6269
Camarilla2.57412.57702.58002.58292.58582.58882.5917
Woodie2.53482.54462.56692.57672.59902.60882.6311
Fibonacci2.54262.55482.56242.57472.58692.59452.6068


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2.43062.46652.49692.53282.56322.59912.6295
Camarilla2.50912.51522.52122.52732.53342.53952.5455
Woodie2.42792.46512.49422.53142.56052.59772.6268
Fibonacci2.46652.49182.50752.53282.55812.57382.5991


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2.47412.50412.53632.56632.59852.62852.6607
Camarilla2.55142.55712.56282.56852.57422.57992.5856
Woodie2.47522.50472.53742.56692.59962.62912.6618
Fibonacci2.50412.52792.54252.56632.59012.60472.6285

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 : - Real time data - Forex