DKK/NOK

- NOK (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Forex
Ticker:	DKKNOK
ISIN:

DKK/NOK - Daily - Technical analysis published on 09/08/2022 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Slightly bullish

Technical indicators

83%

17%

My opinion

Bullish above 1.3180 NOK

My targets

1.3706 NOK (+0.0246)

1.3978 NOK (+0.0518)

My analysis

The short-term increase currently reinforces the basic trend, which is only slightly bullish. It would be possible for traders to only trade long positions (at the time of purchase) on DKK/NOK as long as the price remains well above 1.3180 NOK. The buyers' bullish objective is set at 1.3706 NOK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.3978 NOK. If there is any crossing, the next objective would be the resistance located at 1.4125 NOK.

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

5.5

Comment on the analysis

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/NOK rating is 1.3460 NOK. On the day, this instrument lost -0.01% with the lowest point at 1.3420 NOK and the highest point at 1.3466 NOK. The deviation from the price is +0.30% for the low point and -0.04% for the high point.

1.3420

1.3466

1.3460

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by DKK/NOK:

The study of the highest / lowest by the Central Records scanner shows the following results:

Near a new LOW record (5 years)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in Daily of this DKK/NOK chart shows a slightly bullish trend. 60.71% of the signals given by moving averages are bullish. This slightly bullish trend could be reinforced by the strong bullish signals given by short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:

Bullish trend reversal : adaptative moving average 50

Type : Bullish

Timeframe : Daily

Bullish trend reversal : adaptative moving average 100

Type : Bullish

Timeframe : Daily

Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

CCI indicator: bearish divergence

Type : Bearish

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

The Central Indicators scanner found this result concerning these indicators:

MACD indicator is back over 0

Type : Bullish

Timeframe : Daily

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Near horizontal resistance

Type : Bearish

Timeframe : Daily

Near resistance of channel

Type : Bearish

Timeframe : Daily

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1.2961	1.3180	1.3413	1.3460	1.3706	1.3978	1.4125
Change (%)	-3.71%	-2.08%	-0.35%	-	+1.83%	+3.85%	+4.94%
Change	-0.0499	-0.0280	-0.0047	-	+0.0246	+0.0518	+0.0665
Level	Minor	Intermediate	Major	-	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
Standard	1.3219	1.3275	1.3368	1.3424	1.3517	1.3573	1.3666
Camarilla	1.3420	1.3434	1.3447	1.3461	1.3475	1.3488	1.3502
Woodie	1.3238	1.3284	1.3387	1.3433	1.3536	1.3582	1.3685
Fibonacci	1.3275	1.3332	1.3367	1.3424	1.3481	1.3516	1.3573

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.2625	1.2831	1.3122	1.3328	1.3619	1.3825	1.4116
Camarilla	1.3275	1.3321	1.3366	1.3412	1.3458	1.3503	1.3549
Woodie	1.2667	1.2852	1.3164	1.3349	1.3661	1.3846	1.4158
Fibonacci	1.2831	1.3021	1.3139	1.3328	1.3518	1.3636	1.3825

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.2493	1.2705	1.3071	1.3283	1.3649	1.3861	1.4227
Camarilla	1.3279	1.3332	1.3385	1.3438	1.3491	1.3544	1.3597
Woodie	1.2571	1.2744	1.3149	1.3322	1.3727	1.3900	1.4305
Fibonacci	1.2705	1.2926	1.3062	1.3283	1.3504	1.3640	1.3861

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):	57.58
MACD (12,26,9):	0.0009
Directional Movement:	5.6350
AROON (14):	35.7143
DEMA (21):	1.3296
Parabolic SAR (0,02-0,02-0,2):	1.3101
Elder Ray (13):	0.0115
Super Trend (3,10):	1.3052
Zig ZAG (10):	1.3462
VORTEX (21):	1.0960
Stochastique (14,3,5):	83.20
TEMA (21):	1.3386
Williams %R (14):	-11.79
Chande Momentum Oscillator (20):	0.0447
Repulse (5,40,3):	1.1631
ROCnROLL:	1
TRIX (15,9):	-0.0516
Courbe Coppock:	2.96

MA7:	1.3413
MA20:	1.3244
MA50:	1.3437
MA100:	1.3560
MAexp7:	1.3381
MAexp20:	1.3315
MAexp50:	1.3394
MAexp100:	1.3443
Price / MA7:	+0.35%
Price / MA20:	+1.63%
Price / MA50:	+0.17%
Price / MA100:	-0.74%
Price / MAexp7:	+0.59%
Price / MAexp20:	+1.09%
Price / MAexp50:	+0.49%
Price / MAexp100:	+0.13%

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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