DKK/NOK - Daily - Technical analysis published on 10/20/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
17%
33%
50%
My opinion
Bullish above 1.3707 NOK
My targets
1.4123 NOK (+0.0169)
1.4346 NOK (+0.0392)
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 1.3707 NOK. The buyers' bullish objective is set at 1.4123 NOK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.4346 NOK. If there is any crossing, the next objective would be the resistance located at 1.4959 NOK. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
4.1
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The DKK/NOK rating is 1.3954 NOK. The price registered a decrease of -0.01% on the session and was between 1.3920 NOK and 1.4001 NOK. This implies that the price is at +0.24% from its lowest and at -0.34% from its highest.1.3920
1.4001
1.3954
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
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
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 strongly bullish. The signals given by moving averages are 82.14% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near resistance of channel
Type : Bearish
Timeframe : Daily
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.2961 | 1.3413 | 1.3707 | 1.3954 | 1.4123 | 1.4346 | 1.4959 |
| Change (%) | -7.12% | -3.88% | -1.77% | - | +1.21% | +2.81% | +7.20% |
| Change | -0.0993 | -0.0541 | -0.0247 | - | +0.0169 | +0.0392 | +0.1005 |
| Level | Minor | Major | Intermediate | - | Major | Minor | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3725 | 1.3794 | 1.3875 | 1.3944 | 1.4025 | 1.4094 | 1.4175 |
| Camarilla | 1.3914 | 1.3928 | 1.3941 | 1.3955 | 1.3969 | 1.3983 | 1.3996 |
| Woodie | 1.3730 | 1.3797 | 1.3880 | 1.3947 | 1.4030 | 1.4097 | 1.4180 |
| Fibonacci | 1.3794 | 1.3852 | 1.3887 | 1.3944 | 1.4002 | 1.4037 | 1.4094 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3560 | 1.3690 | 1.3868 | 1.3998 | 1.4176 | 1.4306 | 1.4484 |
| Camarilla | 1.3960 | 1.3989 | 1.4017 | 1.4045 | 1.4073 | 1.4102 | 1.4130 |
| Woodie | 1.3583 | 1.3702 | 1.3891 | 1.4010 | 1.4199 | 1.4318 | 1.4507 |
| Fibonacci | 1.3690 | 1.3808 | 1.3881 | 1.3998 | 1.4116 | 1.4189 | 1.4306 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2493 | 1.2871 | 1.3609 | 1.3987 | 1.4725 | 1.5103 | 1.5841 |
| Camarilla | 1.4039 | 1.4141 | 1.4244 | 1.4346 | 1.4448 | 1.4551 | 1.4653 |
| Woodie | 1.2672 | 1.2961 | 1.3788 | 1.4077 | 1.4904 | 1.5193 | 1.6020 |
| Fibonacci | 1.2871 | 1.3298 | 1.3561 | 1.3987 | 1.4414 | 1.4677 | 1.5103 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 52.53 | |
| MACD (12,26,9): | 0.0078 | |
| Directional Movement: | 6.6444 | |
| AROON (14): | -64.2857 | |
| DEMA (21): | 1.4060 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.4071 | |
| Elder Ray (13): | -0.0009 | |
| Super Trend (3,10): | 1.3683 | |
| Zig ZAG (10): | 1.3952 | |
| VORTEX (21): | 1.0593 | |
| Stochastique (14,3,5): | 26.08 | |
| TEMA (21): | 1.4034 | |
| Williams %R (14): | -75.32 | |
| Chande Momentum Oscillator (20): | -0.0061 | |
| Repulse (5,40,3): | 0.3248 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.1289 | |
| Courbe Coppock: | 0.75 |
| MA7: | 1.3973 | |
| MA20: | 1.4006 | |
| MA50: | 1.3629 | |
| MA100: | 1.3660 | |
| MAexp7: | 1.3972 | |
| MAexp20: | 1.3933 | |
| MAexp50: | 1.3768 | |
| MAexp100: | 1.3656 | |
| Price / MA7: | -0.14% | |
| Price / MA20: | -0.37% | |
| Price / MA50: | +2.38% | |
| Price / MA100: | +2.15% | |
| Price / MAexp7: | -0.12% | |
| Price / MAexp20: | +0.16% | |
| Price / MAexp50: | +1.36% | |
| Price / MAexp100: | +2.19% |
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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