DKK/NOK - Daily - Technical analysis published on 08/24/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
17%
67%
17%
My opinion
Bearish under 1.3176 NOK
My targets
1.2905 NOK (-0.0110)
1.2724 NOK (-0.0291)
My analysis
DKK/NOK is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 1.3176 NOK. The next support located at 1.2905 NOK is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 1.2724 NOK. Below this support, sellers could then target 1.1403 NOK.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
6.3
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Additional analysis
Quotes
The DKK/NOK rating is 1.3015 NOK. The price is lower by -0.01% since the last closing and was traded between 1.3009 NOK and 1.3036 NOK over the period. The price is currently at +0.05% from its lowest and -0.16% from its highest.1.3009
1.3036
1.3015
Here is a more detailed summary of the historical variations registered by DKK/NOK:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
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 Daily chart of DKK/NOK indicates that the overall trend is bearish. 78.57% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The probability of a further decline is moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal support
Type : Bullish
Timeframe : Daily
Support of channel is broken
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.1403 | 1.2724 | 1.2905 | 1.3015 | 1.3176 | 1.3413 | 1.3706 |
| Change (%) | -12.39% | -2.24% | -0.85% | - | +1.24% | +3.06% | +5.31% |
| Change | -0.1612 | -0.0291 | -0.0110 | - | +0.0161 | +0.0398 | +0.0691 |
| Level | Minor | Major | Minor | - | Intermediate | Major | Minor |
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 | 1.2785 | 1.2891 | 1.2953 | 1.3059 | 1.3121 | 1.3227 | 1.3289 |
| Camarilla | 1.2970 | 1.2985 | 1.3001 | 1.3016 | 1.3031 | 1.3047 | 1.3062 |
| Woodie | 1.2764 | 1.2880 | 1.2932 | 1.3048 | 1.3100 | 1.3216 | 1.3268 |
| Fibonacci | 1.2891 | 1.2955 | 1.2995 | 1.3059 | 1.3123 | 1.3163 | 1.3227 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3037 | 1.3112 | 1.3180 | 1.3255 | 1.3323 | 1.3398 | 1.3466 |
| Camarilla | 1.3209 | 1.3222 | 1.3235 | 1.3248 | 1.3261 | 1.3274 | 1.3287 |
| Woodie | 1.3034 | 1.3110 | 1.3177 | 1.3253 | 1.3320 | 1.3396 | 1.3463 |
| Fibonacci | 1.3112 | 1.3167 | 1.3200 | 1.3255 | 1.3310 | 1.3343 | 1.3398 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 30.83 | |
| MACD (12,26,9): | -0.0130 | |
| Directional Movement: | -18.6556 | |
| AROON (14): | -78.5714 | |
| DEMA (21): | 1.3095 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.3358 | |
| Elder Ray (13): | -0.0176 | |
| Super Trend (3,10): | 1.3359 | |
| Zig ZAG (10): | 1.3013 | |
| VORTEX (21): | 0.8361 | |
| Stochastique (14,3,5): | 3.31 | |
| TEMA (21): | 1.3055 | |
| Williams %R (14): | -94.78 | |
| Chande Momentum Oscillator (20): | -0.0328 | |
| Repulse (5,40,3): | -1.3890 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1355 | |
| Courbe Coppock: | 2.96 |
| MA7: | 1.3162 | |
| MA20: | 1.3251 | |
| MA50: | 1.3590 | |
| MA100: | 1.3509 | |
| MAexp7: | 1.3131 | |
| MAexp20: | 1.3267 | |
| MAexp50: | 1.3437 | |
| MAexp100: | 1.3478 | |
| Price / MA7: | -1.12% | |
| Price / MA20: | -1.78% | |
| Price / MA50: | -4.23% | |
| Price / MA100: | -3.66% | |
| Price / MAexp7: | -0.88% | |
| Price / MAexp20: | -1.90% | |
| Price / MAexp50: | -3.14% | |
| Price / MAexp100: | -3.44% |
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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