DKK/SEK - 1H - Technical analysis published on 02/09/2024 (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:
Neutral
Underlying:
Bearish
Technical indicators
33%
22%
44%
My opinion
Bearish under 1.5161 SEK
My targets
1.5123 SEK (-0.0018)
1.5102 SEK (-0.0039)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 1.5161 SEK remains possible. It is advisable to trade DKK/SEK with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 1.5161 SEK. The next bearish objective for sellers is set at 1.5123 SEK. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.5102 SEK. In case of crossing, the next objective would be the support located at 1.5071 SEK. PS: if there is a bullish break in the resistance located at 1.5161 SEK we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
1.8
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Additional analysis
Quotes
DKK/SEK rating 1.5141 SEK. On the day, this instrument lost -0.01% and was between 1.5116 SEK and 1.5162 SEK. This implies that the price is at +0.17% from its lowest and at -0.14% from its highest.1.5116
1.5162
1.5141
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by DKK/SEK:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of DKK/SEK indicates that the overall trend is bearish. 67.86% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. An assessment of moving averages reveals several bearish and bullish signals:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
On the 18 technical indicators analysed, 6 are bullish, 8 are neutral and 4 are bearish. The Central Indicators scanner found this result concerning these indicators:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.5071 | 1.5102 | 1.5123 | 1.5141 | 1.5161 | 1.5211 | 1.5257 |
| Change (%) | -0.46% | -0.26% | -0.12% | - | +0.13% | +0.46% | +0.77% |
| Change | -0.0070 | -0.0039 | -0.0018 | - | +0.0020 | +0.0070 | +0.0116 |
| Level | Intermediate | Intermediate | Intermediate | - | Major | Minor | 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 | 1.5052 | 1.5077 | 1.5110 | 1.5135 | 1.5168 | 1.5193 | 1.5226 |
| Camarilla | 1.5127 | 1.5132 | 1.5138 | 1.5143 | 1.5148 | 1.5154 | 1.5159 |
| Woodie | 1.5056 | 1.5079 | 1.5114 | 1.5137 | 1.5172 | 1.5195 | 1.5230 |
| Fibonacci | 1.5077 | 1.5099 | 1.5113 | 1.5135 | 1.5157 | 1.5171 | 1.5193 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.4857 | 1.4940 | 1.5069 | 1.5152 | 1.5281 | 1.5364 | 1.5493 |
| Camarilla | 1.5139 | 1.5158 | 1.5178 | 1.5197 | 1.5216 | 1.5236 | 1.5255 |
| Woodie | 1.4879 | 1.4952 | 1.5091 | 1.5164 | 1.5303 | 1.5376 | 1.5515 |
| Fibonacci | 1.4940 | 1.5021 | 1.5071 | 1.5152 | 1.5233 | 1.5283 | 1.5364 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.4405 | 1.4637 | 1.4857 | 1.5089 | 1.5309 | 1.5541 | 1.5761 |
| Camarilla | 1.4952 | 1.4993 | 1.5035 | 1.5076 | 1.5117 | 1.5159 | 1.5200 |
| Woodie | 1.4398 | 1.4634 | 1.4850 | 1.5086 | 1.5302 | 1.5538 | 1.5754 |
| Fibonacci | 1.4637 | 1.4810 | 1.4917 | 1.5089 | 1.5262 | 1.5369 | 1.5541 |
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): | 50.84 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | 6.7531 | |
| AROON (14): | -14.2857 | |
| DEMA (21): | 1.5136 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.5157 | |
| Elder Ray (13): | -0.0002 | |
| Super Trend (3,10): | 1.5173 | |
| Zig ZAG (10): | 1.5140 | |
| VORTEX (21): | 1.0193 | |
| Stochastique (14,3,5): | 43.48 | |
| TEMA (21): | 1.5138 | |
| Williams %R (14): | -47.83 | |
| Chande Momentum Oscillator (20): | -0.0001 | |
| Repulse (5,40,3): | 0.0913 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0007 | |
| Courbe Coppock: | 0.08 |
| MA7: | 1.5170 | |
| MA20: | 1.5198 | |
| MA50: | 1.5095 | |
| MA100: | 1.5331 | |
| MAexp7: | 1.5136 | |
| MAexp20: | 1.5136 | |
| MAexp50: | 1.5141 | |
| MAexp100: | 1.5153 | |
| Price / MA7: | -0.19% | |
| Price / MA20: | -0.38% | |
| Price / MA50: | +0.30% | |
| Price / MA100: | -1.24% | |
| Price / MAexp7: | +0.03% | |
| Price / MAexp20: | +0.03% | |
| Price / MAexp50: | -0% | |
| Price / MAexp100: | -0.08% |
Quotes :
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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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