DKK/NOK - 1H - Technical analysis published on 12/02/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
28%
28%
44%
My opinion
Bearish under 1.3855 NOK
My targets
1.3710 NOK (-0.0050)
1.3535 NOK (-0.0225)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on DKK/NOK as long as the price remains well below 1.3855 NOK. The sellers' bearish objective is set at 1.3710 NOK. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.3535 NOK. In case of crossing, the next objective would be the support located at 1.3413 NOK. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
6.1
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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 1.3760 NOK. The price registered a decrease of -0.02% on the session with the lowest point at 1.3757 NOK and the highest point at 1.3779 NOK. The deviation from the price is +0.02% for the low point and -0.14% for the high point.1.3757
1.3779
1.3760
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:
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 1H chart of DKK/NOK indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Other results related to technical indicators were also found by the Central Indicators scanner:
Price is back under the pivot point
Type : Bearish
Timeframe : 1 hour
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
Near horizontal support
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.3413 | 1.3710 | 1.3752 | 1.3760 | 1.3855 | 1.3978 | 1.4038 |
| Change (%) | -2.52% | -0.36% | -0.06% | - | +0.69% | +1.58% | +2.02% |
| Change | -0.0347 | -0.0050 | -0.0008 | - | +0.0095 | +0.0218 | +0.0278 |
| Level | Major | Intermediate | Intermediate | - | Major | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3674 | 1.3707 | 1.3735 | 1.3768 | 1.3796 | 1.3829 | 1.3857 |
| Camarilla | 1.3745 | 1.3751 | 1.3756 | 1.3762 | 1.3768 | 1.3773 | 1.3779 |
| Woodie | 1.3671 | 1.3706 | 1.3732 | 1.3767 | 1.3793 | 1.3828 | 1.3854 |
| Fibonacci | 1.3707 | 1.3731 | 1.3745 | 1.3768 | 1.3792 | 1.3806 | 1.3829 |
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 | 1.3008 | 1.3327 | 1.3550 | 1.3869 | 1.4092 | 1.4411 | 1.4634 |
| Camarilla | 1.3625 | 1.3675 | 1.3724 | 1.3774 | 1.3824 | 1.3873 | 1.3923 |
| Woodie | 1.2961 | 1.3303 | 1.3503 | 1.3845 | 1.4045 | 1.4387 | 1.4587 |
| Fibonacci | 1.3327 | 1.3534 | 1.3662 | 1.3869 | 1.4076 | 1.4204 | 1.4411 |
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): | 42.00 | |
| MACD (12,26,9): | -0.0007 | |
| Directional Movement: | 1.1755 | |
| AROON (14): | 0 | |
| DEMA (21): | 1.3758 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.3801 | |
| Elder Ray (13): | -0.0002 | |
| Super Trend (3,10): | 1.3821 | |
| Zig ZAG (10): | 1.3761 | |
| VORTEX (21): | 0.9877 | |
| Stochastique (14,3,5): | 46.15 | |
| TEMA (21): | 1.3766 | |
| Williams %R (14): | -63.64 | |
| Chande Momentum Oscillator (20): | -0.0004 | |
| Repulse (5,40,3): | -0.0521 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0094 | |
| Courbe Coppock: | 0.02 |
| MA7: | 1.3832 | |
| MA20: | 1.3910 | |
| MA50: | 1.3936 | |
| MA100: | 1.3669 | |
| MAexp7: | 1.3767 | |
| MAexp20: | 1.3770 | |
| MAexp50: | 1.3794 | |
| MAexp100: | 1.3833 | |
| Price / MA7: | -0.52% | |
| Price / MA20: | -1.08% | |
| Price / MA50: | -1.26% | |
| Price / MA100: | +0.67% | |
| Price / MAexp7: | -0.05% | |
| Price / MAexp20: | -0.07% | |
| Price / MAexp50: | -0.25% | |
| Price / MAexp100: | -0.53% |
Quotes :
-
Real time data
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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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