DKK/NOK - Daily - Technical analysis published on 11/30/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
22%
33%
44%
My opinion
Bullish above 1.3710 NOK
My targets
1.3978 NOK (+0.0079)
1.4122 NOK (+0.0223)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 1.3710 NOK remains possible. It is advisable to trade DKK/NOK with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 1.3710 NOK. The next bullish objective for buyers is set at 1.3978 NOK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.4122 NOK. If there is any crossing, the next objective would be the resistance located at 1.4346 NOK. PS: if there is a bearish break in the support located at 1.3710 NOK we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
1.4
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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 1.3899 NOK. On the day, this instrument lost -0.01% with the lowest point at 1.3890 NOK and the highest point at 1.3916 NOK. The deviation from the price is +0.06% for the low point and -0.12% for the high point.1.3890
1.3916
1.3899
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
A technical analysis in Daily of this DKK/NOK chart shows a bullish trend. 67.86% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : Daily
On the 18 technical indicators analysed, 4 are bullish, 8 are neutral and 6 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Momentum indicator is back under 0
Type : Bearish
Timeframe : Daily
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:
Near support of channel
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
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 | 1.3710 | 1.3899 | 1.3978 | 1.4122 | 1.4346 |
| Change (%) | -6.75% | -3.50% | -1.36% | - | +0.57% | +1.60% | +3.22% |
| Change | -0.0938 | -0.0486 | -0.0189 | - | +0.0079 | +0.0223 | +0.0447 |
| Level | Intermediate | Major | Intermediate | - | Major | Major | Major |
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 | 1.3765 | 1.3810 | 1.3855 | 1.3900 | 1.3945 | 1.3990 | 1.4035 |
| Camarilla | 1.3875 | 1.3884 | 1.3892 | 1.3900 | 1.3908 | 1.3917 | 1.3925 |
| Woodie | 1.3765 | 1.3810 | 1.3855 | 1.3900 | 1.3945 | 1.3990 | 1.4035 |
| Fibonacci | 1.3810 | 1.3844 | 1.3866 | 1.3900 | 1.3934 | 1.3956 | 1.3990 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3280 | 1.3535 | 1.3677 | 1.3932 | 1.4074 | 1.4329 | 1.4471 |
| Camarilla | 1.3710 | 1.3746 | 1.3783 | 1.3819 | 1.3855 | 1.3892 | 1.3928 |
| Woodie | 1.3224 | 1.3507 | 1.3621 | 1.3904 | 1.4018 | 1.4301 | 1.4415 |
| Fibonacci | 1.3535 | 1.3687 | 1.3780 | 1.3932 | 1.4084 | 1.4177 | 1.4329 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2931 | 1.3333 | 1.3563 | 1.3965 | 1.4195 | 1.4597 | 1.4827 |
| Camarilla | 1.3618 | 1.3676 | 1.3734 | 1.3792 | 1.3850 | 1.3908 | 1.3966 |
| Woodie | 1.2844 | 1.3290 | 1.3476 | 1.3922 | 1.4108 | 1.4554 | 1.4740 |
| Fibonacci | 1.3333 | 1.3575 | 1.3724 | 1.3965 | 1.4207 | 1.4356 | 1.4597 |
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): | 49.16 | |
| MACD (12,26,9): | 0.0010 | |
| Directional Movement: | 0.6385 | |
| AROON (14): | 42.8571 | |
| DEMA (21): | 1.3941 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.4135 | |
| Elder Ray (13): | -0.0023 | |
| Super Trend (3,10): | 1.3683 | |
| Zig ZAG (10): | 1.3899 | |
| VORTEX (21): | 1.0779 | |
| Stochastique (14,3,5): | 37.28 | |
| TEMA (21): | 1.3921 | |
| Williams %R (14): | -65.38 | |
| Chande Momentum Oscillator (20): | -0.0032 | |
| Repulse (5,40,3): | -0.0763 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0193 | |
| Courbe Coppock: | 1.10 |
| MA7: | 1.3907 | |
| MA20: | 1.3919 | |
| MA50: | 1.3939 | |
| MA100: | 1.3671 | |
| MAexp7: | 1.3918 | |
| MAexp20: | 1.3923 | |
| MAexp50: | 1.3866 | |
| MAexp100: | 1.3769 | |
| Price / MA7: | -0.06% | |
| Price / MA20: | -0.14% | |
| Price / MA50: | -0.29% | |
| Price / MA100: | +1.67% | |
| Price / MAexp7: | -0.14% | |
| Price / MAexp20: | -0.17% | |
| Price / MAexp50: | +0.24% | |
| Price / MAexp100: | +0.94% |
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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