DKK/HKD - Daily - Technical analysis published on 07/14/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 1.1660 HKD
My targets
1.1865 HKD (+0.0086)
1.1979 HKD (+0.0200)
My analysis
The bullish trend is currently very strong on DKK/HKD. As long as the price remains above the support at 1.1660 HKD, you could try to benefit from the boom. The first bullish objective is located at 1.1865 HKD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1.1979 HKD as an objective. Crossing it would then enable buyers to target 1.2545 HKD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
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
8.9
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The DKK/HKD price is 1.1779 HKD. On the day, this instrument lost -0.01% and was between 1.1768 HKD and 1.1782 HKD. This implies that the price is at +0.09% from its lowest and at -0.03% from its highest.1.1768
1.1782
1.1779
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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 LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of DKK/HKD in Daily shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : Daily
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 1.1248 | 1.1442 | 1.1660 | 1.1779 | 1.1865 | 1.2545 | 1.2859 |
| Change (%) | -4.51% | -2.86% | -1.01% | - | +0.73% | +6.50% | +9.17% |
| Change | -0.0531 | -0.0337 | -0.0119 | - | +0.0086 | +0.0766 | +0.1080 |
| Level | Intermediate | Major | Major | - | Minor | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.1602 | 1.1641 | 1.1710 | 1.1749 | 1.1818 | 1.1857 | 1.1926 |
| Camarilla | 1.1750 | 1.1760 | 1.1770 | 1.1780 | 1.1790 | 1.1800 | 1.1810 |
| Woodie | 1.1618 | 1.1649 | 1.1726 | 1.1757 | 1.1834 | 1.1865 | 1.1942 |
| Fibonacci | 1.1641 | 1.1682 | 1.1707 | 1.1749 | 1.1790 | 1.1815 | 1.1857 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.1259 | 1.1316 | 1.1417 | 1.1474 | 1.1575 | 1.1632 | 1.1733 |
| Camarilla | 1.1476 | 1.1490 | 1.1505 | 1.1519 | 1.1534 | 1.1548 | 1.1563 |
| Woodie | 1.1282 | 1.1327 | 1.1440 | 1.1485 | 1.1598 | 1.1643 | 1.1756 |
| Fibonacci | 1.1316 | 1.1376 | 1.1413 | 1.1474 | 1.1534 | 1.1571 | 1.1632 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0899 | 1.1057 | 1.1259 | 1.1417 | 1.1619 | 1.1777 | 1.1979 |
| Camarilla | 1.1363 | 1.1396 | 1.1429 | 1.1462 | 1.1495 | 1.1528 | 1.1561 |
| Woodie | 1.0922 | 1.1068 | 1.1282 | 1.1428 | 1.1642 | 1.1788 | 1.2002 |
| Fibonacci | 1.1057 | 1.1194 | 1.1279 | 1.1417 | 1.1554 | 1.1639 | 1.1777 |
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): | 73.50 | |
| MACD (12,26,9): | 0.0075 | |
| Directional Movement: | 22.9570 | |
| AROON (14): | 35.7142 | |
| DEMA (21): | 1.1625 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.1434 | |
| Elder Ray (13): | 0.0190 | |
| Super Trend (3,10): | 1.1548 | |
| Zig ZAG (10): | 1.1774 | |
| VORTEX (21): | 1.2714 | |
| Stochastique (14,3,5): | 98.47 | |
| TEMA (21): | 1.1687 | |
| Williams %R (14): | -1.69 | |
| Chande Momentum Oscillator (20): | 0.0300 | |
| Repulse (5,40,3): | 1.6748 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0545 | |
| Courbe Coppock: | 2.48 |
| MA7: | 1.1619 | |
| MA20: | 1.1526 | |
| MA50: | 1.1429 | |
| MA100: | 1.1426 | |
| MAexp7: | 1.1652 | |
| MAexp20: | 1.1542 | |
| MAexp50: | 1.1473 | |
| MAexp100: | 1.1401 | |
| Price / MA7: | +1.38% | |
| Price / MA20: | +2.20% | |
| Price / MA50: | +3.06% | |
| Price / MA100: | +3.09% | |
| Price / MAexp7: | +1.09% | |
| Price / MAexp20: | +2.05% | |
| Price / MAexp50: | +2.67% | |
| Price / MAexp100: | +3.32% |
Quotes :
-
Real time data
-
Forex
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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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