DKK/SEK - 1H - Technical analysis published on 04/14/2023 (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 bearish
Underlying:
Strongly bearish
Technical indicators
33%
50%
17%
My opinion
Bearish under 1.5263 SEK
My targets
1.5195 SEK (-0.0032)
1.5153 SEK (-0.0074)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on DKK/SEK as long as the price remains well below 1.5263 SEK. The sellers' bearish objective is set at 1.5195 SEK. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.5153 SEK. In case of crossing, the next objective would be the support located at 1.5089 SEK. 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
6.6
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The DKK/SEK price is 1.5227 SEK. The price has increased by +0.00% since the last closing and was between 1.5225 SEK and 1.5242 SEK. This implies that the price is at +0.01% from its lowest and at -0.10% from its highest.1.5225
1.5242
1.5227
Here is a more detailed summary of the historical variations registered by DKK/SEK:
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 LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of DKK/SEK in 1H shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, of the 18 technical indicators analysed by Central Analyzer, 6 are bullish, 3 are neutral and 9 are bearish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
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 | 1.5089 | 1.5153 | 1.5195 | 1.5227 | 1.5263 | 1.5319 | 1.5366 |
| Change (%) | -0.91% | -0.49% | -0.21% | - | +0.24% | +0.60% | +0.91% |
| Change | -0.0138 | -0.0074 | -0.0032 | - | +0.0036 | +0.0092 | +0.0139 |
| Level | Intermediate | Minor | Major | - | Minor | Major | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.5099 | 1.5157 | 1.5192 | 1.5250 | 1.5285 | 1.5343 | 1.5378 |
| Camarilla | 1.5201 | 1.5210 | 1.5219 | 1.5227 | 1.5236 | 1.5244 | 1.5253 |
| Woodie | 1.5088 | 1.5151 | 1.5181 | 1.5244 | 1.5274 | 1.5337 | 1.5367 |
| Fibonacci | 1.5157 | 1.5193 | 1.5215 | 1.5250 | 1.5286 | 1.5308 | 1.5343 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.4924 | 1.5006 | 1.5169 | 1.5251 | 1.5414 | 1.5496 | 1.5659 |
| Camarilla | 1.5264 | 1.5286 | 1.5309 | 1.5331 | 1.5354 | 1.5376 | 1.5398 |
| Woodie | 1.4964 | 1.5026 | 1.5209 | 1.5271 | 1.5454 | 1.5516 | 1.5699 |
| Fibonacci | 1.5006 | 1.5100 | 1.5158 | 1.5251 | 1.5345 | 1.5403 | 1.5496 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.4262 | 1.4554 | 1.4838 | 1.5130 | 1.5414 | 1.5706 | 1.5990 |
| Camarilla | 1.4963 | 1.5015 | 1.5068 | 1.5121 | 1.5174 | 1.5227 | 1.5279 |
| Woodie | 1.4257 | 1.4552 | 1.4833 | 1.5128 | 1.5409 | 1.5704 | 1.5985 |
| Fibonacci | 1.4554 | 1.4774 | 1.4910 | 1.5130 | 1.5350 | 1.5486 | 1.5706 |
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): | 41.54 | |
| MACD (12,26,9): | -0.0010 | |
| Directional Movement: | 14.7047 | |
| AROON (14): | -21.4285 | |
| DEMA (21): | 1.5225 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.5276 | |
| Elder Ray (13): | -0.0005 | |
| Super Trend (3,10): | 1.5272 | |
| Zig ZAG (10): | 1.5226 | |
| VORTEX (21): | 0.9486 | |
| Stochastique (14,3,5): | 12.54 | |
| TEMA (21): | 1.5223 | |
| Williams %R (14): | -87.10 | |
| Chande Momentum Oscillator (20): | -0.0026 | |
| Repulse (5,40,3): | -0.0878 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0079 | |
| Courbe Coppock: | 0.56 |
| MA7: | 1.5280 | |
| MA20: | 1.5152 | |
| MA50: | 1.5076 | |
| MA100: | 1.5005 | |
| MAexp7: | 1.5228 | |
| MAexp20: | 1.5237 | |
| MAexp50: | 1.5254 | |
| MAexp100: | 1.5265 | |
| Price / MA7: | -0.35% | |
| Price / MA20: | +0.49% | |
| Price / MA50: | +1.00% | |
| Price / MA100: | +1.48% | |
| Price / MAexp7: | -0.01% | |
| Price / MAexp20: | -0.07% | |
| Price / MAexp50: | -0.18% | |
| Price / MAexp100: | -0.25% |
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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