DKK/ZAR

- ZAR (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Forex
Ticker:	DKKZAR
ISIN:

DKK/ZAR - Daily - Technical analysis published on 01/27/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

78%

22%

My opinion

Bullish above 2.4689 ZAR

My targets

2.5957 ZAR (+0.0807)

2.6295 ZAR (+0.1145)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on DKK/ZAR as long as the price remains well above 2.4689 ZAR. The buyers' bullish objective is set at 2.5957 ZAR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 2.6295 ZAR. If there is any crossing, the next objective would be the resistance located at 2.7932 ZAR. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

8.6

Comment on the analysis

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.

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

Additional analysis

Quotes

The DKK/ZAR price is 2.5150 ZAR. On the day, this instrument lost -0.03% with the lowest point at 2.5062 ZAR and the highest point at 2.5261 ZAR. The deviation from the price is +0.35% for the low point and -0.44% for the high point.

2.5062

2.5261

2.5150

Here is a more detailed summary of the historical variations registered by DKK/ZAR:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

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 Daily of this DKK/ZAR chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, according to the parameters integrated into the Central Analyzer system, 14 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

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 resistance of channel

Type : Bearish

Timeframe : Daily

Near horizontal support

Type : Bullish

Timeframe : Daily

The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:

Doji

Type : Neutral

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	2.3565	2.4689	2.5110	2.5150	2.6295	2.7932
Change (%)	-6.30%	-1.83%	-0.16%	-	+4.55%	+11.06%
Change	-0.1585	-0.0461	-0.0040	-	+0.1145	+0.2782
Level	Intermediate	Major	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
Standard	2.4758	2.4853	2.5005	2.5100	2.5252	2.5347	2.5499
Camarilla	2.5089	2.5112	2.5134	2.5157	2.5180	2.5202	2.5225
Woodie	2.4787	2.4867	2.5034	2.5114	2.5281	2.5361	2.5528
Fibonacci	2.4853	2.4947	2.5006	2.5100	2.5194	2.5253	2.5347

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.3675	2.4056	2.4514	2.4895	2.5353	2.5734	2.6192
Camarilla	2.4740	2.4817	2.4894	2.4971	2.5048	2.5125	2.5202
Woodie	2.3713	2.4075	2.4552	2.4914	2.5391	2.5753	2.6230
Fibonacci	2.4056	2.4377	2.4575	2.4895	2.5216	2.5414	2.5734

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.2499	2.3231	2.3862	2.4594	2.5225	2.5957	2.6588
Camarilla	2.4117	2.4242	2.4367	2.4492	2.4617	2.4742	2.4867
Woodie	2.2448	2.3206	2.3811	2.4569	2.5174	2.5932	2.6537
Fibonacci	2.3231	2.3752	2.4074	2.4594	2.5115	2.5437	2.5957

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):	61.75
MACD (12,26,9):	0.0200
Directional Movement:	13.9540
AROON (14):	57.1428
DEMA (21):	2.5074
Parabolic SAR (0,02-0,02-0,2):	2.4570
Elder Ray (13):	0.0216
Super Trend (3,10):	2.4304
Zig ZAG (10):	2.5148
VORTEX (21):	1.1393
Stochastique (14,3,5):	86.09
TEMA (21):	2.5177
Williams %R (14):	-13.56
Chande Momentum Oscillator (20):	0.0670
Repulse (5,40,3):	0.3821
ROCnROLL:	1
TRIX (15,9):	0.0835
Courbe Coppock:	5.89

MA7:	2.5127
MA20:	2.4710
MA50:	2.4525
MA100:	2.4187
MAexp7:	2.5073
MAexp20:	2.4837
MAexp50:	2.4554
MAexp100:	2.4187
Price / MA7:	+0.09%
Price / MA20:	+1.78%
Price / MA50:	+2.55%
Price / MA100:	+3.98%
Price / MAexp7:	+0.30%
Price / MAexp20:	+1.25%
Price / MAexp50:	+2.42%
Price / MAexp100:	+3.97%

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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