DKK/ZAR - 1H - Technical analysis published on 12/20/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
33%
33%
33%
My opinion
Bearish under 2.4061 ZAR
My targets
2.3880 ZAR (-0.0101)
2.3745 ZAR (-0.0236)
My analysis
DKK/ZAR is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 2.4061 ZAR. The next support located at 2.3880 ZAR is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 2.3745 ZAR. Below this support, sellers could then target 2.3255 ZAR. With the current pattern, you will need to monitor for possible bearish 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 bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
6.1
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
DKK/ZAR rating 2.3981 ZAR. The price is lower by -0.26% since the last closing with the lowest point at 2.3958 ZAR and the highest point at 2.4163 ZAR. The deviation from the price is +0.10% for the low point and -0.75% for the high point.2.3958
2.4163
2.3981
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/ZAR:
Technical
Technical analysis of DKK/ZAR 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. An assessment of moving averages reveals several bearish signals that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
In fact, of the 18 technical indicators analysed by Central Analyzer, 6 are bullish, 6 are neutral and 6 are bearish. 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
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Near support of triangle
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 | 2.3255 | 2.3745 | 2.3880 | 2.3981 | 2.4061 | 2.4177 | 2.4350 |
| Change (%) | -3.03% | -0.98% | -0.42% | - | +0.33% | +0.82% | +1.54% |
| Change | -0.0726 | -0.0236 | -0.0101 | - | +0.0080 | +0.0196 | +0.0369 |
| Level | Minor | Minor | Intermediate | - | Major | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.3526 | 2.3753 | 2.3898 | 2.4125 | 2.4270 | 2.4497 | 2.4642 |
| Camarilla | 2.3941 | 2.3975 | 2.4009 | 2.4043 | 2.4077 | 2.4111 | 2.4145 |
| Woodie | 2.3485 | 2.3733 | 2.3857 | 2.4105 | 2.4229 | 2.4477 | 2.4601 |
| Fibonacci | 2.3753 | 2.3895 | 2.3983 | 2.4125 | 2.4267 | 2.4355 | 2.4497 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.3182 | 2.3581 | 2.3812 | 2.4211 | 2.4442 | 2.4841 | 2.5072 |
| Camarilla | 2.3870 | 2.3928 | 2.3985 | 2.4043 | 2.4101 | 2.4159 | 2.4216 |
| Woodie | 2.3098 | 2.3539 | 2.3728 | 2.4169 | 2.4358 | 2.4799 | 2.4988 |
| Fibonacci | 2.3581 | 2.3822 | 2.3970 | 2.4211 | 2.4452 | 2.4600 | 2.4841 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.1630 | 2.2398 | 2.3307 | 2.4075 | 2.4984 | 2.5752 | 2.6661 |
| Camarilla | 2.3756 | 2.3910 | 2.4063 | 2.4217 | 2.4371 | 2.4525 | 2.4678 |
| Woodie | 2.1702 | 2.2433 | 2.3379 | 2.4110 | 2.5056 | 2.5787 | 2.6733 |
| Fibonacci | 2.2398 | 2.3038 | 2.3434 | 2.4075 | 2.4715 | 2.5111 | 2.5752 |
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): | 39.68 | |
| MACD (12,26,9): | -0.0029 | |
| Directional Movement: | -9.5709 | |
| AROON (14): | 85.7142 | |
| DEMA (21): | 2.4050 | |
| Parabolic SAR (0,02-0,02-0,2): | 2.4163 | |
| Elder Ray (13): | -0.0042 | |
| Super Trend (3,10): | 2.4215 | |
| Zig ZAG (10): | 2.4048 | |
| VORTEX (21): | 0.9707 | |
| Stochastique (14,3,5): | 52.02 | |
| TEMA (21): | 2.4062 | |
| Williams %R (14): | -67.76 | |
| Chande Momentum Oscillator (20): | -0.0001 | |
| Repulse (5,40,3): | -0.2914 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0235 | |
| Courbe Coppock: | 0.38 |
| MA7: | 2.4232 | |
| MA20: | 2.4239 | |
| MA50: | 2.3741 | |
| MA100: | 2.3496 | |
| MAexp7: | 2.4067 | |
| MAexp20: | 2.4097 | |
| MAexp50: | 2.4169 | |
| MAexp100: | 2.4225 | |
| Price / MA7: | -1.04% | |
| Price / MA20: | -1.06% | |
| Price / MA50: | +1.01% | |
| Price / MA100: | +2.06% | |
| Price / MAexp7: | -0.36% | |
| Price / MAexp20: | -0.48% | |
| Price / MAexp50: | -0.78% | |
| Price / MAexp100: | -1.01% |
Quotes :
-
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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