DKK/HKD - 1H - Technical analysis published on 11/27/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
33%
28%
39%
My opinion
Bullish above 1.1414 HKD
My targets
1.1460 HKD (+0.0026)
1.1550 HKD (+0.0116)
My analysis
DKK/HKD 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 1.1414 HKD. The next resistance located at 1.1460 HKD 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 1.1550 HKD. After this resistance, buyers could then target 1.1660 HKD. 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.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
5.2
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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 1.1434 HKD. The price registered a decrease of -0.01% on the session and was traded between 1.1418 HKD and 1.1443 HKD over the period. The price is currently at +0.14% from its lowest and -0.08% from its highest.1.1418
1.1443
1.1434
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by DKK/HKD:
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 DKK/HKD in 1H shows a strongly overall bullish trend. The signals given by the moving averages are 82.14% 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 technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
The Central Indicators scanner found no further results concerning independent technical indicators.
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:
Bearish harami
Type : Bearish
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 | 1.1363 | 1.1394 | 1.1414 | 1.1434 | 1.1439 | 1.1460 | 1.1550 |
| Change (%) | -0.62% | -0.35% | -0.17% | - | +0.04% | +0.23% | +1.01% |
| Change | -0.0071 | -0.0040 | -0.0020 | - | +0.0005 | +0.0026 | +0.0116 |
| Level | Minor | Major | Intermediate | - | Major | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.1352 | 1.1373 | 1.1404 | 1.1425 | 1.1456 | 1.1477 | 1.1508 |
| Camarilla | 1.1421 | 1.1426 | 1.1430 | 1.1435 | 1.1440 | 1.1445 | 1.1449 |
| Woodie | 1.1357 | 1.1376 | 1.1409 | 1.1428 | 1.1461 | 1.1480 | 1.1513 |
| Fibonacci | 1.1373 | 1.1393 | 1.1405 | 1.1425 | 1.1445 | 1.1457 | 1.1477 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.1257 | 1.1303 | 1.1369 | 1.1415 | 1.1481 | 1.1527 | 1.1593 |
| Camarilla | 1.1404 | 1.1415 | 1.1425 | 1.1435 | 1.1445 | 1.1456 | 1.1466 |
| Woodie | 1.1267 | 1.1308 | 1.1379 | 1.1420 | 1.1491 | 1.1532 | 1.1603 |
| Fibonacci | 1.1303 | 1.1346 | 1.1372 | 1.1415 | 1.1458 | 1.1484 | 1.1527 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0734 | 1.0852 | 1.0971 | 1.1089 | 1.1208 | 1.1326 | 1.1445 |
| Camarilla | 1.1024 | 1.1046 | 1.1067 | 1.1089 | 1.1111 | 1.1133 | 1.1154 |
| Woodie | 1.0734 | 1.0852 | 1.0971 | 1.1089 | 1.1208 | 1.1326 | 1.1445 |
| Fibonacci | 1.0852 | 1.0943 | 1.0999 | 1.1089 | 1.1180 | 1.1236 | 1.1326 |
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): | 55.61 | |
| MACD (12,26,9): | 0.0006 | |
| Directional Movement: | 1.7217 | |
| AROON (14): | -57.1429 | |
| DEMA (21): | 1.1438 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.1441 | |
| Elder Ray (13): | 0.0003 | |
| Super Trend (3,10): | 1.1412 | |
| Zig ZAG (10): | 1.1435 | |
| VORTEX (21): | 1.1538 | |
| Stochastique (14,3,5): | 59.52 | |
| TEMA (21): | 1.1439 | |
| Williams %R (14): | -42.86 | |
| Chande Momentum Oscillator (20): | -0.0010 | |
| Repulse (5,40,3): | 0.0173 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0091 | |
| Courbe Coppock: | 0.11 |
| MA7: | 1.1418 | |
| MA20: | 1.1291 | |
| MA50: | 1.1173 | |
| MA100: | 1.1321 | |
| MAexp7: | 1.1434 | |
| MAexp20: | 1.1430 | |
| MAexp50: | 1.1421 | |
| MAexp100: | 1.1410 | |
| Price / MA7: | +0.14% | |
| Price / MA20: | +1.27% | |
| Price / MA50: | +2.34% | |
| Price / MA100: | +1.00% | |
| Price / MAexp7: | -0% | |
| Price / MAexp20: | +0.03% | |
| Price / MAexp50: | +0.11% | |
| Price / MAexp100: | +0.21% |
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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