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DKK/ZAR
DKK ZAR
- ZAR (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: DKKZAR
ISIN:

DKK/ZAR - 1H - Technical analysis published on 08/14/2022 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Strongly bearish
Technical indicators
28%
44%
28%
My opinion
Bearish under 2.2403 ZAR
My targets
2.2157 ZAR (-0.0201)
2.1961 ZAR (-0.0397)
My analysis
The bearish trend is currently very strong for DKK/ZAR. As long as the price remains below the resistance at 2.2403 ZAR, you could try to take advantage of the bearish rally. The first bearish objective is located at 2.2157 ZAR. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 2.1961 ZAR as an objective. Crossing it would then enable sellers to target 2.1458 ZAR. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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.

In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
6.6

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The DKK/ZAR rating is 2.2358 ZAR. On the day, this instrument lost -0.83% and was traded between 2.2292 ZAR and 2.2569 ZAR over the period. The price is currently at +0.30% from its lowest and -0.93% from its highest.

2.2292
2.2569
2.2358

A study of price movements over other periods shows the following variations:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly


New LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


A technical analysis in 1H of this DKK/ZAR chart shows a sharp 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. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

RSI indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is under support 1

Type : Neutral

Timeframe : 1 hour


Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly


Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : 1 hour



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Central Patterns

Near horizontal support

Type : Bullish

Timeframe : 1 hour


Support of channel is broken

Type : Bearish

Timeframe : 1 hour



For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:

Central Candlesticks

Bullish engulfing lines

Type : Bullish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 2.1458 2.1961 2.2340 2.2358 2.2403 2.2653 2.2754
Change (%) -4.03% -1.78% -0.08% - +0.20% +1.32% +1.77%
Change -0.0900 -0.0397 -0.0018 - +0.0045 +0.0295 +0.0396
Level Minor Major Intermediate - Minor Minor Intermediate



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2.21412.22412.23922.24922.26432.27432.2894
Camarilla2.24752.24982.25212.25442.25672.25902.2613
Woodie2.21682.22542.24192.25052.26702.27562.2921
Fibonacci2.22412.23372.23962.24922.25882.26472.2743


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2.21572.23692.26622.28742.31672.33792.3672
Camarilla2.28152.28612.29082.29542.30002.30472.3093
Woodie2.21972.23892.27022.28942.32072.33992.3712
Fibonacci2.23692.25622.26812.28742.30672.31862.3379


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2.12162.18662.23392.29892.34622.41122.4585
Camarilla2.25042.26072.27102.28132.29162.30192.3122
Woodie2.11292.18222.22522.29452.33752.40682.4498
Fibonacci2.18662.22952.25602.29892.34182.36832.4112

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): 40.47
MACD (12,26,9): -0.0050
Directional Movement: -2.0541
AROON (14): -57.1429
DEMA (21): 2.2355
Parabolic SAR (0,02-0,02-0,2): 2.2292
Elder Ray (13): -0.0016
Super Trend (3,10): 2.2491
Zig ZAG (10): 2.2358
VORTEX (21): 0.8113
Stochastique (14,3,5): 13.74
TEMA (21): 2.2328
Williams %R (14): -72.50
Chande Momentum Oscillator (20): -0.0065
Repulse (5,40,3): -0.0920
ROCnROLL: 2
TRIX (15,9): -0.0220
Courbe Coppock: 1.38
MA7: 2.2678
MA20: 2.2931
MA50: 2.2774
MA100: 2.2481
MAexp7: 2.2353
MAexp20: 2.2414
MAexp50: 2.2485
MAexp100: 2.2575
Price / MA7: -1.41%
Price / MA20: -2.50%
Price / MA50: -1.83%
Price / MA100: -0.55%
Price / MAexp7: +0.02%
Price / MAexp20: -0.25%
Price / MAexp50: -0.56%
Price / MAexp100: -0.96%

Quotes : - Real time data - Forex

This member declared not having a position on this financial instrument or a related financial instrument.

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