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DKK/NOK
DKK NOK
- NOK (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: DKKNOK
ISIN:

DKK/NOK - 1H - Technical analysis published on 11/07/2022 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : INVALID

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Summary of the analysis

Trends
Short term: Neutral
Underlying: Bearish
Technical indicators
50%
11%
39%
My opinion
Bearish under 1.3767 NOK
My targets
1.3686 NOK (-0.0051)
1.3661 NOK (-0.0076)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on DKK/NOK. As long as you are under the resistance located at 1.3767 NOK, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 1.3686 NOK would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 1.3661 NOK as an objective. Crossing it would then enable sellers to target 1.3413 NOK. If the resistance 1.3767 NOK were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.

In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
1.6

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.

Londinia
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The DKK/NOK rating is 1.3737 NOK. The price registered an increase of +0.26% on the session and was between 1.3697 NOK and 1.3738 NOK. This implies that the price is at +0.29% from its lowest and at -0.01% from its highest.

1.3697
1.3738
1.3737

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

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The Central Records scanner for higher/lower results shows the following items:

Central Records

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


A technical analysis in 1H of this DKK/NOK chart shows a bearish trend. 71.43% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:

Central Indicators

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : 1 hour



The probability of a further increase is slight given the direction of the technical indicators.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour


MACD crosses UP its Moving Average

Type : Bullish

Timeframe : 1 hour


Momentum indicator is back over 0

Type : Bullish

Timeframe : 1 hour



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Central Patterns

Near horizontal support

Type : Bullish

Timeframe : 1 hour



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


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1.3413 1.3661 1.3686 1.3737 1.3767 1.3826 1.3871
Change (%) -2.36% -0.55% -0.37% - +0.22% +0.65% +0.98%
Change -0.0324 -0.0076 -0.0051 - +0.0030 +0.0089 +0.0134
Level Major Intermediate Minor - Intermediate Minor Intermediate



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.36151.36391.36701.36941.37251.37491.3780
Camarilla1.36871.36921.36971.37021.37071.37121.3717
Woodie1.36201.36411.36751.36961.37301.37511.3785
Fibonacci1.36391.36601.36731.36941.37151.37281.3749


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.32981.34711.35911.37641.38841.40571.4177
Camarilla1.36291.36561.36831.37101.37371.37641.3791
Woodie1.32711.34581.35641.37511.38571.40441.4150
Fibonacci1.34711.35831.36521.37641.38761.39451.4057


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.29311.33331.35631.39651.41951.45971.4827
Camarilla1.36181.36761.37341.37921.38501.39081.3966
Woodie1.28441.32901.34761.39221.41081.45541.4740
Fibonacci1.33331.35751.37241.39651.42071.43561.4597

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): 48.48
MACD (12,26,9): -0.0030
Directional Movement: -13.0188
AROON (14): -14.2857
DEMA (21): 1.3690
Parabolic SAR (0,02-0,02-0,2): 1.3652
Elder Ray (13): 0.0004
Super Trend (3,10): 1.3786
Zig ZAG (10): 1.3737
VORTEX (21): 0.8491
Stochastique (14,3,5): 32.97
TEMA (21): 1.3676
Williams %R (14): -49.17
Chande Momentum Oscillator (20): 0.0053
Repulse (5,40,3): 0.4448
ROCnROLL: -1
TRIX (15,9): -0.0358
Courbe Coppock: 1.20
MA7: 1.3765
MA20: 1.3875
MA50: 1.3804
MA100: 1.3659
MAexp7: 1.3705
MAexp20: 1.3730
MAexp50: 1.3765
MAexp100: 1.3783
Price / MA7: -0.20%
Price / MA20: -0.99%
Price / MA50: -0.49%
Price / MA100: +0.57%
Price / MAexp7: +0.23%
Price / MAexp20: +0.05%
Price / MAexp50: -0.20%
Price / MAexp100: -0.33%

Quotes : - Real time data - Forex

This member declared not having a position on this financial instrument or a related financial instrument.

About author

Londinia
Londinia AI

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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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