DKK/SEK - 1H - Technical analysis published on 05/06/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
33%
22%
44%
My opinion
Bearish under 1.5655 SEK
My targets
1.5581 SEK (-0.0028)
1.5552 SEK (-0.0057)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on DKK/SEK. As long as you are under the resistance located at 1.5655 SEK, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 1.5581 SEK would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 1.5552 SEK as an objective. Crossing it would then enable sellers to target 1.5488 SEK. If the resistance 1.5655 SEK were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
2.1
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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 1.5609 SEK. The price is lower by -0.01% since the last closing and was between 1.5560 SEK and 1.5653 SEK. This implies that the price is at +0.31% from its lowest and at -0.28% from its highest.1.5560
1.5653
1.5609
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
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 LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this DKK/SEK chart shows a bearish trend. 71.43% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
The Central Indicators scanner specialised in technical indicators, has not detected anything further.
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
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.5488 | 1.5552 | 1.5581 | 1.5609 | 1.5655 | 1.5729 | 1.5782 |
| Change (%) | -0.78% | -0.37% | -0.18% | - | +0.29% | +0.77% | +1.11% |
| Change | -0.0121 | -0.0057 | -0.0028 | - | +0.0046 | +0.0120 | +0.0173 |
| Level | Minor | Intermediate | Minor | - | Major | Minor | Intermediate |
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 | 1.5487 | 1.5522 | 1.5566 | 1.5601 | 1.5645 | 1.5680 | 1.5724 |
| Camarilla | 1.5588 | 1.5596 | 1.5603 | 1.5610 | 1.5617 | 1.5625 | 1.5632 |
| Woodie | 1.5492 | 1.5524 | 1.5571 | 1.5603 | 1.5650 | 1.5682 | 1.5729 |
| Fibonacci | 1.5522 | 1.5552 | 1.5571 | 1.5601 | 1.5631 | 1.5650 | 1.5680 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.5261 | 1.5400 | 1.5505 | 1.5644 | 1.5749 | 1.5888 | 1.5993 |
| Camarilla | 1.5543 | 1.5565 | 1.5588 | 1.5610 | 1.5632 | 1.5655 | 1.5677 |
| Woodie | 1.5244 | 1.5392 | 1.5488 | 1.5636 | 1.5732 | 1.5880 | 1.5976 |
| Fibonacci | 1.5400 | 1.5493 | 1.5551 | 1.5644 | 1.5737 | 1.5795 | 1.5888 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.4987 | 1.5152 | 1.5454 | 1.5619 | 1.5921 | 1.6086 | 1.6388 |
| Camarilla | 1.5629 | 1.5671 | 1.5714 | 1.5757 | 1.5800 | 1.5843 | 1.5885 |
| Woodie | 1.5057 | 1.5186 | 1.5524 | 1.5653 | 1.5991 | 1.6120 | 1.6458 |
| Fibonacci | 1.5152 | 1.5330 | 1.5440 | 1.5619 | 1.5797 | 1.5907 | 1.6086 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 48.88 | |
| MACD (12,26,9): | -0.0004 | |
| Directional Movement: | -1.1303 | |
| AROON (14): | -28.5715 | |
| DEMA (21): | 1.5600 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.5631 | |
| Elder Ray (13): | 0.0002 | |
| Super Trend (3,10): | 1.5648 | |
| Zig ZAG (10): | 1.5607 | |
| VORTEX (21): | 1.0397 | |
| Stochastique (14,3,5): | 50.54 | |
| TEMA (21): | 1.5602 | |
| Williams %R (14): | -51.61 | |
| Chande Momentum Oscillator (20): | -0.0008 | |
| Repulse (5,40,3): | -0.0096 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0037 | |
| Courbe Coppock: | 0.21 |
| MA7: | 1.5669 | |
| MA20: | 1.5588 | |
| MA50: | 1.5368 | |
| MA100: | 1.5222 | |
| MAexp7: | 1.5602 | |
| MAexp20: | 1.5605 | |
| MAexp50: | 1.5620 | |
| MAexp100: | 1.5639 | |
| Price / MA7: | -0.38% | |
| Price / MA20: | +0.13% | |
| Price / MA50: | +1.57% | |
| Price / MA100: | +2.54% | |
| Price / MAexp7: | +0.04% | |
| Price / MAexp20: | +0.03% | |
| Price / MAexp50: | -0.07% | |
| Price / MAexp100: | -0.19% |
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.
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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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