DKK/NOK - 1H - Technical analysis published on 09/15/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 1.3617 NOK
My targets
1.3706 NOK (+0.0030)
1.3843 NOK (+0.0167)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on DKK/NOK as long as the price remains well above 1.3617 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 1.3843 NOK. If there is any crossing, the next objective would be the resistance located at 1.3978 NOK. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
9.1
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
DKK/NOK rating 1.3676 NOK. The price has increased by +0.97% since the last closing with the lowest point at 1.3535 NOK and the highest point at 1.3678 NOK. The deviation from the price is +1.04% for the low point and -0.01% for the high point.1.3535
1.3678
1.3676
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
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
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of DKK/NOK in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 17 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
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 | 1.3523 | 1.3577 | 1.3617 | 1.3676 | 1.3706 | 1.3978 | 1.4125 |
| Change (%) | -1.12% | -0.72% | -0.43% | - | +0.22% | +2.21% | +3.28% |
| Change | -0.0153 | -0.0099 | -0.0059 | - | +0.0030 | +0.0302 | +0.0449 |
| Level | Intermediate | Minor | Major | - | Intermediate | 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 | 1.3401 | 1.3458 | 1.3502 | 1.3559 | 1.3603 | 1.3660 | 1.3704 |
| Camarilla | 1.3517 | 1.3527 | 1.3536 | 1.3545 | 1.3554 | 1.3564 | 1.3573 |
| Woodie | 1.3394 | 1.3455 | 1.3495 | 1.3556 | 1.3596 | 1.3657 | 1.3697 |
| Fibonacci | 1.3458 | 1.3497 | 1.3521 | 1.3559 | 1.3598 | 1.3622 | 1.3660 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2955 | 1.3102 | 1.3251 | 1.3398 | 1.3547 | 1.3694 | 1.3843 |
| Camarilla | 1.3318 | 1.3345 | 1.3372 | 1.3399 | 1.3426 | 1.3453 | 1.3480 |
| Woodie | 1.2955 | 1.3103 | 1.3251 | 1.3399 | 1.3547 | 1.3695 | 1.3843 |
| Fibonacci | 1.3102 | 1.3215 | 1.3285 | 1.3398 | 1.3511 | 1.3581 | 1.3694 |
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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 79.85 | |
| MACD (12,26,9): | 0.0029 | |
| Directional Movement: | 23.3395 | |
| AROON (14): | 64.2857 | |
| DEMA (21): | 1.3634 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.3591 | |
| Elder Ray (13): | 0.0047 | |
| Super Trend (3,10): | 1.3584 | |
| Zig ZAG (10): | 1.3671 | |
| VORTEX (21): | 1.2893 | |
| Stochastique (14,3,5): | 90.80 | |
| TEMA (21): | 1.3650 | |
| Williams %R (14): | -2.31 | |
| Chande Momentum Oscillator (20): | 0.0109 | |
| Repulse (5,40,3): | 0.2866 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0173 | |
| Courbe Coppock: | 1.33 |
| MA7: | 1.3507 | |
| MA20: | 1.3315 | |
| MA50: | 1.3405 | |
| MA100: | 1.3578 | |
| MAexp7: | 1.3640 | |
| MAexp20: | 1.3601 | |
| MAexp50: | 1.3563 | |
| MAexp100: | 1.3522 | |
| Price / MA7: | +1.25% | |
| Price / MA20: | +2.71% | |
| Price / MA50: | +2.02% | |
| Price / MA100: | +0.72% | |
| Price / MAexp7: | +0.26% | |
| Price / MAexp20: | +0.55% | |
| Price / MAexp50: | +0.83% | |
| Price / MAexp100: | +1.14% |
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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