DKK/NOK - 1H - Technical analysis published on 08/18/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
61%
11%
28%
My opinion
Bullish above 1.3272 NOK
My targets
1.3317 NOK (+0.0031)
1.3374 NOK (+0.0088)
My analysis
The bullish trend is currently very strong on DKK/NOK. As long as the price remains above the support at 1.3272 NOK, you could try to benefit from the boom. The first bullish objective is located at 1.3317 NOK. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1.3374 NOK as an objective. Crossing it would then enable buyers to target 1.3413 NOK. 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.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
7.7
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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/NOK rating is 1.3286 NOK. The price is lower by -0.01% since the last closing and was between 1.3280 NOK and 1.3312 NOK. This implies that the price is at +0.05% from its lowest and at -0.20% from its highest.1.3280
1.3312
1.3286
Here is a more detailed summary of the historical variations registered by DKK/NOK:
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 HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of DKK/NOK 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.
The technical indicators are bullish. There is still some doubt about the price increase.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
Near support of channel
Type : Bullish
Timeframe : 1 hour
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 | 1.3180 | 1.3229 | 1.3272 | 1.3286 | 1.3317 | 1.3374 | 1.3413 |
| Change (%) | -0.80% | -0.43% | -0.11% | - | +0.23% | +0.66% | +0.96% |
| Change | -0.0106 | -0.0057 | -0.0014 | - | +0.0031 | +0.0088 | +0.0127 |
| Level | Major | Minor | Minor | - | Major | Intermediate | Major |
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 | 1.3107 | 1.3156 | 1.3221 | 1.3270 | 1.3335 | 1.3384 | 1.3449 |
| Camarilla | 1.3256 | 1.3266 | 1.3277 | 1.3287 | 1.3298 | 1.3308 | 1.3318 |
| Woodie | 1.3116 | 1.3160 | 1.3230 | 1.3274 | 1.3344 | 1.3388 | 1.3458 |
| Fibonacci | 1.3156 | 1.3199 | 1.3226 | 1.3270 | 1.3313 | 1.3340 | 1.3384 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2747 | 1.2955 | 1.3079 | 1.3287 | 1.3411 | 1.3619 | 1.3743 |
| Camarilla | 1.3113 | 1.3143 | 1.3174 | 1.3204 | 1.3234 | 1.3265 | 1.3295 |
| Woodie | 1.2706 | 1.2934 | 1.3038 | 1.3266 | 1.3370 | 1.3598 | 1.3702 |
| Fibonacci | 1.2955 | 1.3082 | 1.3160 | 1.3287 | 1.3414 | 1.3492 | 1.3619 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2270 | 1.2752 | 1.3017 | 1.3499 | 1.3764 | 1.4246 | 1.4511 |
| Camarilla | 1.3077 | 1.3145 | 1.3214 | 1.3282 | 1.3351 | 1.3419 | 1.3487 |
| Woodie | 1.2162 | 1.2698 | 1.2909 | 1.3445 | 1.3656 | 1.4192 | 1.4403 |
| Fibonacci | 1.2752 | 1.3037 | 1.3214 | 1.3499 | 1.3784 | 1.3961 | 1.4246 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 55.26 | |
| MACD (12,26,9): | 0.0012 | |
| Directional Movement: | 9.5570 | |
| AROON (14): | 7.1429 | |
| DEMA (21): | 1.3290 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.3276 | |
| Elder Ray (13): | 0.0005 | |
| Super Trend (3,10): | 1.3214 | |
| Zig ZAG (10): | 1.3287 | |
| VORTEX (21): | 1.1161 | |
| Stochastique (14,3,5): | 63.30 | |
| TEMA (21): | 1.3296 | |
| Williams %R (14): | -47.06 | |
| Chande Momentum Oscillator (20): | 0.0002 | |
| Repulse (5,40,3): | -0.0354 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0130 | |
| Courbe Coppock: | 0.44 |
| MA7: | 1.3238 | |
| MA20: | 1.3331 | |
| MA50: | 1.3655 | |
| MA100: | 1.3502 | |
| MAexp7: | 1.3286 | |
| MAexp20: | 1.3275 | |
| MAexp50: | 1.3260 | |
| MAexp100: | 1.3255 | |
| Price / MA7: | +0.36% | |
| Price / MA20: | -0.34% | |
| Price / MA50: | -2.70% | |
| Price / MA100: | -1.60% | |
| Price / MAexp7: | -0% | |
| Price / MAexp20: | +0.08% | |
| Price / MAexp50: | +0.20% | |
| Price / MAexp100: | +0.23% |
Quotes :
-
Real time data
-
Forex
This member declared not having a position on this financial instrument or a related financial instrument.
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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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