DKK/SEK - 1H - Technical analysis published on 03/03/2023 (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:
Bullish
Underlying:
Strongly bullish
Technical indicators
61%
6%
33%
My opinion
Bullish above 1.4898 SEK
My targets
1.5004 SEK (+0.0039)
1.5195 SEK (+0.0230)
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/SEK as long as the price remains well above 1.4898 SEK. The buyers' bullish objective is set at 1.5004 SEK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.5195 SEK. If there is any crossing, the next objective would be the resistance located at 1.5304 SEK. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.
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
7.1
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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/SEK rating 1.4965 SEK. The price registered a decrease of -0.01% on the session with the lowest point at 1.4942 SEK and the highest point at 1.4988 SEK. The deviation from the price is +0.15% for the low point and -0.15% for the high point.1.4942
1.4988
1.4965
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
A study of price movements over other periods shows the following variations:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
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/SEK in 1H shows a strongly overall bullish trend. 89.29% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators shows a moderate bullish signal.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is back over -50
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 support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
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 | 1.4829 | 1.4898 | 1.4951 | 1.4965 | 1.4972 | 1.5004 | 1.5195 |
| Change (%) | -0.91% | -0.45% | -0.09% | - | +0.05% | +0.26% | +1.54% |
| Change | -0.0136 | -0.0067 | -0.0014 | - | +0.0007 | +0.0039 | +0.0230 |
| Level | Major | Intermediate | Minor | - | Major | Intermediate | Minor |
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 | 1.4890 | 1.4920 | 1.4943 | 1.4973 | 1.4996 | 1.5026 | 1.5049 |
| Camarilla | 1.4951 | 1.4956 | 1.4961 | 1.4966 | 1.4971 | 1.4976 | 1.4981 |
| Woodie | 1.4887 | 1.4918 | 1.4940 | 1.4971 | 1.4993 | 1.5024 | 1.5046 |
| Fibonacci | 1.4920 | 1.4940 | 1.4953 | 1.4973 | 1.4993 | 1.5006 | 1.5026 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.4487 | 1.4621 | 1.4754 | 1.4888 | 1.5021 | 1.5155 | 1.5288 |
| Camarilla | 1.4815 | 1.4839 | 1.4864 | 1.4888 | 1.4913 | 1.4937 | 1.4961 |
| Woodie | 1.4488 | 1.4621 | 1.4755 | 1.4888 | 1.5022 | 1.5155 | 1.5289 |
| Fibonacci | 1.4621 | 1.4723 | 1.4786 | 1.4888 | 1.4990 | 1.5053 | 1.5155 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.4014 | 1.4384 | 1.4631 | 1.5001 | 1.5248 | 1.5618 | 1.5865 |
| Camarilla | 1.4708 | 1.4765 | 1.4821 | 1.4878 | 1.4935 | 1.4991 | 1.5048 |
| Woodie | 1.3953 | 1.4353 | 1.4570 | 1.4970 | 1.5187 | 1.5587 | 1.5804 |
| Fibonacci | 1.4384 | 1.4620 | 1.4765 | 1.5001 | 1.5237 | 1.5382 | 1.5618 |
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): | 55.08 | |
| MACD (12,26,9): | 0.0002 | |
| Directional Movement: | 5.1408 | |
| AROON (14): | -7.1428 | |
| DEMA (21): | 1.4966 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.4988 | |
| Elder Ray (13): | -0.0001 | |
| Super Trend (3,10): | 1.4923 | |
| Zig ZAG (10): | 1.4969 | |
| VORTEX (21): | 0.9584 | |
| Stochastique (14,3,5): | 53.51 | |
| TEMA (21): | 1.4959 | |
| Williams %R (14): | -43.48 | |
| Chande Momentum Oscillator (20): | 0.0003 | |
| Repulse (5,40,3): | 0.1024 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0018 | |
| Courbe Coppock: | 0.04 |
| MA7: | 1.4902 | |
| MA20: | 1.4968 | |
| MA50: | 1.5029 | |
| MA100: | 1.4860 | |
| MAexp7: | 1.4963 | |
| MAexp20: | 1.4963 | |
| MAexp50: | 1.4948 | |
| MAexp100: | 1.4923 | |
| Price / MA7: | +0.42% | |
| Price / MA20: | -0.02% | |
| Price / MA50: | -0.43% | |
| Price / MA100: | +0.71% | |
| Price / MAexp7: | +0.01% | |
| Price / MAexp20: | +0.01% | |
| Price / MAexp50: | +0.11% | |
| Price / MAexp100: | +0.28% |
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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