DKK/NOK - 1H - Technical analysis published on 03/16/2023 (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
44%
22%
33%
My opinion
Bullish above 1.5235 NOK
My targets
1.5306 NOK (+0.0016)
1.5355 NOK (+0.0065)
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 1.5235 NOK. The buyers' bullish objective is set at 1.5306 NOK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.5355 NOK. If there is any crossing, the next objective would be the resistance located at 1.5631 NOK. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
6.8
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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 1.5290 NOK. The price is lower by -0.01% since the last closing and was between 1.5279 NOK and 1.5315 NOK. This implies that the price is at +0.07% from its lowest and at -0.16% from its highest.1.5279
1.5315
1.5290
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 LOW record (1 month)
Type : Bearish
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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
The Central Indicators scanner found this result concerning these indicators:
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
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 : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.4839 | 1.4959 | 1.5159 | 1.5290 | 1.5306 | 1.5355 | 1.5631 |
| Change (%) | -2.95% | -2.16% | -0.86% | - | +0.10% | +0.43% | +2.23% |
| Change | -0.0451 | -0.0331 | -0.0131 | - | +0.0016 | +0.0065 | +0.0341 |
| Level | Minor | Major | Major | - | Minor | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.4971 | 1.5064 | 1.5178 | 1.5271 | 1.5385 | 1.5478 | 1.5592 |
| Camarilla | 1.5234 | 1.5253 | 1.5272 | 1.5291 | 1.5310 | 1.5329 | 1.5348 |
| Woodie | 1.4981 | 1.5069 | 1.5188 | 1.5276 | 1.5395 | 1.5483 | 1.5602 |
| Fibonacci | 1.5064 | 1.5143 | 1.5192 | 1.5271 | 1.5350 | 1.5399 | 1.5478 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.4492 | 1.4665 | 1.4928 | 1.5101 | 1.5364 | 1.5537 | 1.5800 |
| Camarilla | 1.5070 | 1.5110 | 1.5150 | 1.5190 | 1.5230 | 1.5270 | 1.5310 |
| Woodie | 1.4536 | 1.4688 | 1.4972 | 1.5124 | 1.5408 | 1.5560 | 1.5844 |
| Fibonacci | 1.4665 | 1.4832 | 1.4935 | 1.5101 | 1.5268 | 1.5371 | 1.5537 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.4033 | 1.4269 | 1.4516 | 1.4752 | 1.4999 | 1.5235 | 1.5482 |
| Camarilla | 1.4629 | 1.4674 | 1.4718 | 1.4762 | 1.4806 | 1.4851 | 1.4895 |
| Woodie | 1.4038 | 1.4272 | 1.4521 | 1.4755 | 1.5004 | 1.5238 | 1.5487 |
| Fibonacci | 1.4269 | 1.4454 | 1.4568 | 1.4752 | 1.4937 | 1.5051 | 1.5235 |
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): | 57.42 | |
| MACD (12,26,9): | 0.0018 | |
| Directional Movement: | 16.7433 | |
| AROON (14): | 28.5714 | |
| DEMA (21): | 1.5301 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.5365 | |
| Elder Ray (13): | 0.0006 | |
| Super Trend (3,10): | 1.5200 | |
| Zig ZAG (10): | 1.5289 | |
| VORTEX (21): | 1.1530 | |
| Stochastique (14,3,5): | 33.41 | |
| TEMA (21): | 1.5306 | |
| Williams %R (14): | -71.43 | |
| Chande Momentum Oscillator (20): | -0.0001 | |
| Repulse (5,40,3): | -0.0405 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0195 | |
| Courbe Coppock: | 0.31 |
| MA7: | 1.5214 | |
| MA20: | 1.4952 | |
| MA50: | 1.4705 | |
| MA100: | 1.4355 | |
| MAexp7: | 1.5291 | |
| MAexp20: | 1.5276 | |
| MAexp50: | 1.5248 | |
| MAexp100: | 1.5212 | |
| Price / MA7: | +0.50% | |
| Price / MA20: | +2.26% | |
| Price / MA50: | +3.98% | |
| Price / MA100: | +6.51% | |
| Price / MAexp7: | -0.01% | |
| Price / MAexp20: | +0.09% | |
| Price / MAexp50: | +0.28% | |
| Price / MAexp100: | +0.51% |
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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