DKK/SEK - 1H - Technical analysis published on 11/05/2024 (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:
Bullish
Underlying:
Strongly bullish
Technical indicators
39%
28%
33%
My opinion
Bullish above 1.5549 SEK
My targets
1.5655 SEK (+0.0021)
1.5751 SEK (+0.0117)
My analysis
The basic bullish trend is very strong on DKK/SEK but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 1.5549 SEK. Crossing the first resistance at 1.5655 SEK would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 1.5751 SEK as an objective. Crossing it would then enable buyers to target 1.6029 SEK. Caution, a return to below 1.5549 SEK would be a sign of a consolidation phase in the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
5.4
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Additional analysis
Quotes
DKK/SEK rating 1.5634 SEK. The price registered a decrease of -0.01% on the session and was traded between 1.5601 SEK and 1.5647 SEK over the period. The price is currently at +0.21% from its lowest and -0.08% from its highest.1.5601
1.5647
1.5634
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 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
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this DKK/SEK chart shows a strongly bullish trend. 85.71% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. The Central Indicators market scanner is currently detecting several bullish signals 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
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Parabolic SAR indicator bullish reversal
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, 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 | 1.5473 | 1.5549 | 1.5623 | 1.5634 | 1.5655 | 1.5751 | 1.6029 |
| Change (%) | -1.03% | -0.54% | -0.07% | - | +0.13% | +0.75% | +2.53% |
| Change | -0.0161 | -0.0085 | -0.0011 | - | +0.0021 | +0.0117 | +0.0395 |
| Level | Minor | Minor | Major | - | Minor | Major | Major |
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 | 1.5506 | 1.5537 | 1.5586 | 1.5617 | 1.5666 | 1.5697 | 1.5746 |
| Camarilla | 1.5614 | 1.5621 | 1.5629 | 1.5636 | 1.5643 | 1.5651 | 1.5658 |
| Woodie | 1.5516 | 1.5542 | 1.5596 | 1.5622 | 1.5676 | 1.5702 | 1.5756 |
| Fibonacci | 1.5537 | 1.5567 | 1.5586 | 1.5617 | 1.5647 | 1.5666 | 1.5697 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.5156 | 1.5251 | 1.5431 | 1.5526 | 1.5706 | 1.5801 | 1.5981 |
| Camarilla | 1.5534 | 1.5560 | 1.5585 | 1.5610 | 1.5635 | 1.5660 | 1.5686 |
| Woodie | 1.5198 | 1.5272 | 1.5473 | 1.5547 | 1.5748 | 1.5822 | 1.6023 |
| Fibonacci | 1.5251 | 1.5356 | 1.5421 | 1.5526 | 1.5631 | 1.5696 | 1.5801 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.4777 | 1.4955 | 1.5249 | 1.5427 | 1.5721 | 1.5899 | 1.6193 |
| Camarilla | 1.5412 | 1.5456 | 1.5499 | 1.5542 | 1.5585 | 1.5629 | 1.5672 |
| Woodie | 1.4834 | 1.4984 | 1.5306 | 1.5456 | 1.5778 | 1.5928 | 1.6250 |
| Fibonacci | 1.4955 | 1.5136 | 1.5247 | 1.5427 | 1.5608 | 1.5719 | 1.5899 |
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): | 57.40 | |
| MACD (12,26,9): | 0.0005 | |
| Directional Movement: | -9.2260 | |
| AROON (14): | -92.8571 | |
| DEMA (21): | 1.5638 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.5601 | |
| Elder Ray (13): | 0 | |
| Super Trend (3,10): | 1.5609 | |
| Zig ZAG (10): | 1.5636 | |
| VORTEX (21): | 1.1011 | |
| Stochastique (14,3,5): | 50.00 | |
| TEMA (21): | 1.5632 | |
| Williams %R (14): | -67.39 | |
| Chande Momentum Oscillator (20): | -0.0001 | |
| Repulse (5,40,3): | 0.1087 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0092 | |
| Courbe Coppock: | 0.08 |
| MA7: | 1.5548 | |
| MA20: | 1.5375 | |
| MA50: | 1.5284 | |
| MA100: | 1.5327 | |
| MAexp7: | 1.5624 | |
| MAexp20: | 1.5629 | |
| MAexp50: | 1.5609 | |
| MAexp100: | 1.5567 | |
| Price / MA7: | +0.55% | |
| Price / MA20: | +1.68% | |
| Price / MA50: | +2.29% | |
| Price / MA100: | +2.00% | |
| Price / MAexp7: | +0.06% | |
| Price / MAexp20: | +0.03% | |
| Price / MAexp50: | +0.16% | |
| Price / MAexp100: | +0.43% |
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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