DKK/SEK - 1H - Technical analysis published on 09/18/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 1.5981 SEK
My targets
1.6099 SEK (+0.0026)
1.6164 SEK (+0.0091)
My analysis
DKK/SEK 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 1.5981 SEK. The next resistance located at 1.6099 SEK 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 1.6164 SEK. 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
8.4
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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/SEK price is 1.6073 SEK. The price registered an increase of +0.58% on the session with the lowest point at 1.5963 SEK and the highest point at 1.6090 SEK. The deviation from the price is +0.69% for the low point and -0.11% for the high point.1.5963
1.6090
1.6073
A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.
Opening Gap UP
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:
New HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of DKK/SEK in 1H shows a strongly overall bullish trend. The signals given by the moving averages are 89.29% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
Price
| S3 | S2 | S1 | Price | |
|---|---|---|---|---|
| ProTrendLines | 1.5867 | 1.5912 | 1.5981 | 1.6073 |
| Change (%) | -1.28% | -1.00% | -0.57% | - |
| Change | -0.0206 | -0.0161 | -0.0092 | - |
| Level | Minor | Major | Major | - |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.5845 | 1.5880 | 1.5930 | 1.5965 | 1.6015 | 1.6050 | 1.6100 |
| Camarilla | 1.5958 | 1.5965 | 1.5973 | 1.5981 | 1.5989 | 1.5997 | 1.6004 |
| Woodie | 1.5854 | 1.5884 | 1.5939 | 1.5969 | 1.6024 | 1.6054 | 1.6109 |
| Fibonacci | 1.5880 | 1.5912 | 1.5932 | 1.5965 | 1.5997 | 1.6017 | 1.6050 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.5792 | 1.5851 | 1.5916 | 1.5975 | 1.6040 | 1.6099 | 1.6164 |
| Camarilla | 1.5947 | 1.5958 | 1.5970 | 1.5981 | 1.5992 | 1.6004 | 1.6015 |
| Woodie | 1.5795 | 1.5853 | 1.5919 | 1.5977 | 1.6043 | 1.6101 | 1.6167 |
| Fibonacci | 1.5851 | 1.5898 | 1.5928 | 1.5975 | 1.6022 | 1.6052 | 1.6099 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.5086 | 1.5304 | 1.5619 | 1.5837 | 1.6152 | 1.6370 | 1.6685 |
| Camarilla | 1.5788 | 1.5837 | 1.5886 | 1.5935 | 1.5984 | 1.6033 | 1.6082 |
| Woodie | 1.5136 | 1.5328 | 1.5669 | 1.5861 | 1.6202 | 1.6394 | 1.6735 |
| Fibonacci | 1.5304 | 1.5507 | 1.5633 | 1.5837 | 1.6040 | 1.6166 | 1.6370 |
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): | 69.45 | |
| MACD (12,26,9): | 0.0025 | |
| Directional Movement: | 25.4078 | |
| AROON (14): | 85.7143 | |
| DEMA (21): | 1.6049 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.6007 | |
| Elder Ray (13): | 0.0033 | |
| Super Trend (3,10): | 1.5996 | |
| Zig ZAG (10): | 1.6076 | |
| VORTEX (21): | 1.1889 | |
| Stochastique (14,3,5): | 89.42 | |
| TEMA (21): | 1.6069 | |
| Williams %R (14): | -11.29 | |
| Chande Momentum Oscillator (20): | 0.0092 | |
| Repulse (5,40,3): | 0.2205 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0144 | |
| Courbe Coppock: | 0.92 |
| MA7: | 1.5996 | |
| MA20: | 1.5962 | |
| MA50: | 1.5770 | |
| MA100: | 1.5650 | |
| MAexp7: | 1.6055 | |
| MAexp20: | 1.6020 | |
| MAexp50: | 1.5998 | |
| MAexp100: | 1.5987 | |
| Price / MA7: | +0.48% | |
| Price / MA20: | +0.70% | |
| Price / MA50: | +1.92% | |
| Price / MA100: | +2.70% | |
| Price / MAexp7: | +0.11% | |
| Price / MAexp20: | +0.33% | |
| Price / MAexp50: | +0.47% | |
| Price / MAexp100: | +0.54% |
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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