DKK/NOK - 1H - Technical analysis published on 06/27/2023 (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:
Bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 1.5755 NOK
My targets
1.5864 NOK (+0.0065)
1.5991 NOK (+0.0192)
My analysis
DKK/NOK is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 1.5755 NOK. The next resistance located at 1.5864 NOK is the next bullish target to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 1.5991 NOK. After this resistance, buyers could then target 1.6834 NOK.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.1
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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 price is 1.5799 NOK. The price registered an increase of +0.45% on the session with the lowest point at 1.5657 NOK and the highest point at 1.5817 NOK. The deviation from the price is +0.91% for the low point and -0.11% for the high point.1.5657
1.5817
1.5799
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
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 DKK/NOK in 1H shows an overall bullish trend. The signals returned by the moving averages are 75.00% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, 16 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
MACD indicator is back over 0
Type : Bullish
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
Resistance of channel is broken
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 | 1.5567 | 1.5680 | 1.5755 | 1.5799 | 1.5808 | 1.5864 | 1.5991 |
| Change (%) | -1.47% | -0.75% | -0.28% | - | +0.06% | +0.41% | +1.22% |
| Change | -0.0232 | -0.0119 | -0.0044 | - | +0.0009 | +0.0065 | +0.0192 |
| Level | Minor | Intermediate | Minor | - | Major | Minor | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.5406 | 1.5541 | 1.5635 | 1.5770 | 1.5864 | 1.5999 | 1.6093 |
| Camarilla | 1.5666 | 1.5687 | 1.5708 | 1.5729 | 1.5750 | 1.5771 | 1.5792 |
| Woodie | 1.5386 | 1.5531 | 1.5615 | 1.5760 | 1.5844 | 1.5989 | 1.6073 |
| Fibonacci | 1.5541 | 1.5629 | 1.5683 | 1.5770 | 1.5858 | 1.5912 | 1.5999 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.5112 | 1.5297 | 1.5586 | 1.5771 | 1.6060 | 1.6245 | 1.6534 |
| Camarilla | 1.5746 | 1.5789 | 1.5833 | 1.5876 | 1.5920 | 1.5963 | 1.6006 |
| Woodie | 1.5165 | 1.5323 | 1.5639 | 1.5797 | 1.6113 | 1.6271 | 1.6587 |
| Fibonacci | 1.5297 | 1.5478 | 1.5590 | 1.5771 | 1.5952 | 1.6064 | 1.6245 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.4642 | 1.5025 | 1.5458 | 1.5841 | 1.6274 | 1.6657 | 1.7090 |
| Camarilla | 1.5667 | 1.5741 | 1.5816 | 1.5891 | 1.5966 | 1.6041 | 1.6115 |
| Woodie | 1.4667 | 1.5038 | 1.5483 | 1.5854 | 1.6299 | 1.6670 | 1.7115 |
| Fibonacci | 1.5025 | 1.5337 | 1.5529 | 1.5841 | 1.6153 | 1.6345 | 1.6657 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 64.61 | |
| MACD (12,26,9): | 0.0002 | |
| Directional Movement: | 15.6719 | |
| AROON (14): | 28.5714 | |
| DEMA (21): | 1.5728 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.5669 | |
| Elder Ray (13): | 0.0057 | |
| Super Trend (3,10): | 1.5688 | |
| Zig ZAG (10): | 1.5814 | |
| VORTEX (21): | 1.1433 | |
| Stochastique (14,3,5): | 88.26 | |
| TEMA (21): | 1.5744 | |
| Williams %R (14): | -1.88 | |
| Chande Momentum Oscillator (20): | 0.0085 | |
| Repulse (5,40,3): | 0.5791 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0161 | |
| Courbe Coppock: | 0.42 |
| MA7: | 1.5743 | |
| MA20: | 1.5719 | |
| MA50: | 1.5730 | |
| MA100: | 1.5392 | |
| MAexp7: | 1.5755 | |
| MAexp20: | 1.5734 | |
| MAexp50: | 1.5744 | |
| MAexp100: | 1.5730 | |
| Price / MA7: | +0.36% | |
| Price / MA20: | +0.51% | |
| Price / MA50: | +0.44% | |
| Price / MA100: | +2.64% | |
| Price / MAexp7: | +0.28% | |
| Price / MAexp20: | +0.41% | |
| Price / MAexp50: | +0.35% | |
| Price / MAexp100: | +0.44% |
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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