DKK/NOK - 1H - Technical analysis published on 04/29/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
56%
11%
33%
My opinion
Bullish above 1.5783 NOK
My targets
1.5840 NOK (+0.0024)
1.5871 NOK (+0.0055)
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 1.5783 NOK. The next resistance located at 1.5840 NOK is the next bullish objective 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 1.5871 NOK. After this resistance, buyers could then target 1.6102 NOK. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
7.5
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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 1.5816 NOK. The price is lower by -0.01% since the last closing and was traded between 1.5815 NOK and 1.5827 NOK over the period. The price is currently at +0.01% from its lowest and -0.07% from its highest.1.5815
1.5827
1.5816
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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 this 1H chart of DKK/NOK indicates that the overall trend is strongly bullish. 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. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 10 technical indicators on 18 studied are currently positioned bullish. The Central Indicators scanner found no further results concerning independent technical indicators.
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.5657 | 1.5703 | 1.5783 | 1.5816 | 1.5840 | 1.5871 | 1.6102 |
| Change (%) | -1.01% | -0.71% | -0.21% | - | +0.15% | +0.35% | +1.81% |
| Change | -0.0159 | -0.0113 | -0.0033 | - | +0.0024 | +0.0055 | +0.0286 |
| Level | Minor | Intermediate | Major | - | Intermediate | 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 | 1.5755 | 1.5769 | 1.5793 | 1.5807 | 1.5831 | 1.5845 | 1.5869 |
| Camarilla | 1.5807 | 1.5810 | 1.5814 | 1.5817 | 1.5821 | 1.5824 | 1.5828 |
| Woodie | 1.5760 | 1.5772 | 1.5798 | 1.5810 | 1.5836 | 1.5848 | 1.5874 |
| Fibonacci | 1.5769 | 1.5784 | 1.5793 | 1.5807 | 1.5822 | 1.5831 | 1.5845 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.5448 | 1.5531 | 1.5674 | 1.5757 | 1.5900 | 1.5983 | 1.6126 |
| Camarilla | 1.5755 | 1.5776 | 1.5796 | 1.5817 | 1.5838 | 1.5858 | 1.5879 |
| Woodie | 1.5478 | 1.5546 | 1.5704 | 1.5772 | 1.5930 | 1.5998 | 1.6156 |
| Fibonacci | 1.5531 | 1.5617 | 1.5671 | 1.5757 | 1.5843 | 1.5897 | 1.5983 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.4667 | 1.4927 | 1.5288 | 1.5548 | 1.5909 | 1.6169 | 1.6530 |
| Camarilla | 1.5477 | 1.5534 | 1.5591 | 1.5648 | 1.5705 | 1.5762 | 1.5819 |
| Woodie | 1.4717 | 1.4952 | 1.5338 | 1.5573 | 1.5959 | 1.6194 | 1.6580 |
| Fibonacci | 1.4927 | 1.5165 | 1.5311 | 1.5548 | 1.5786 | 1.5932 | 1.6169 |
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): | 60.28 | |
| MACD (12,26,9): | 0.0010 | |
| Directional Movement: | 8.0859 | |
| AROON (14): | -50.0000 | |
| DEMA (21): | 1.5819 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.5835 | |
| Elder Ray (13): | 0.0013 | |
| Super Trend (3,10): | 1.5761 | |
| Zig ZAG (10): | 1.5820 | |
| VORTEX (21): | 1.1240 | |
| Stochastique (14,3,5): | 62.57 | |
| TEMA (21): | 1.5818 | |
| Williams %R (14): | -38.60 | |
| Chande Momentum Oscillator (20): | 0.0030 | |
| Repulse (5,40,3): | 0.0886 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0096 | |
| Courbe Coppock: | 0.14 |
| MA7: | 1.5763 | |
| MA20: | 1.5667 | |
| MA50: | 1.5537 | |
| MA100: | 1.5396 | |
| MAexp7: | 1.5815 | |
| MAexp20: | 1.5805 | |
| MAexp50: | 1.5784 | |
| MAexp100: | 1.5759 | |
| Price / MA7: | +0.34% | |
| Price / MA20: | +0.95% | |
| Price / MA50: | +1.80% | |
| Price / MA100: | +2.73% | |
| Price / MAexp7: | +0.01% | |
| Price / MAexp20: | +0.07% | |
| Price / MAexp50: | +0.20% | |
| Price / MAexp100: | +0.36% |
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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