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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 03/03/2023 (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
61%
0%
39%
My opinion
Bearish under 2.6001 ZAR
My targets
2.5900 ZAR (-0.0035)
2.5649 ZAR (-0.0286)
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/ZAR. As long as you are under the resistance located at 2.6001 ZAR, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 2.5900 ZAR 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 2.5649 ZAR as an objective. Crossing it would then enable sellers to target 2.4689 ZAR. If the resistance 2.6001 ZAR 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.

Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
1.3

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.

Londinia
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 2.5935 ZAR. The price is lower by -0.02% since the last closing with the lowest point at 2.5807 ZAR and the highest point at 2.5959 ZAR. The deviation from the price is +0.50% for the low point and -0.09% for the high point.

2.5807
2.5959
2.5935

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of this 1H chart of DKK/ZAR indicates that the overall trend is bearish. 75.00% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. There is no crossing of moving average by the price or crossing of moving averages between themselves.

An assessment of technical indicators shows a moderate bullish signal.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

RSI indicator is back under 50

Type : Bearish

Timeframe : 1 hour


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 2.3037 2.4689 2.5900 2.5935 2.6001 2.6089 2.6235
Change (%) -11.17% -4.80% -0.13% - +0.25% +0.59% +1.16%
Change -0.2898 -0.1246 -0.0035 - +0.0066 +0.0154 +0.0300
Level Intermediate 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
Standard2.56172.57412.58412.59652.60652.61892.6289
Camarilla2.58792.59002.59212.59412.59622.59822.6003
Woodie2.56052.57352.58292.59592.60532.61832.6277
Fibonacci2.57412.58272.58792.59652.60512.61032.6189


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2.54392.56492.58752.60852.63112.65212.6747
Camarilla2.59802.60202.60602.61002.61402.61802.6220
Woodie2.54462.56532.58822.60892.63182.65252.6754
Fibonacci2.56492.58162.59192.60852.62522.63552.6521


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2.37282.43162.51902.57782.66522.72402.8114
Camarilla2.56612.57952.59292.60632.61972.63312.6465
Woodie2.38702.43882.53322.58502.67942.73122.8256
Fibonacci2.43162.48752.52202.57782.63372.66822.7240

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): 49.80
MACD (12,26,9): -0.0012
Directional Movement: -6.4685
AROON (14): -35.7143
DEMA (21): 2.5892
Parabolic SAR (0,02-0,02-0,2): 2.5810
Elder Ray (13): 0.0012
Super Trend (3,10): 2.6030
Zig ZAG (10): 2.5916
VORTEX (21): 0.9942
Stochastique (14,3,5): 77.78
TEMA (21): 2.5900
Williams %R (14): -25.00
Chande Momentum Oscillator (20): 0.0040
Repulse (5,40,3): 0.1048
ROCnROLL: -1
TRIX (15,9): -0.0094
Courbe Coppock: 0.20
MA7: 2.6027
MA20: 2.5854
MA50: 2.5198
MA100: 2.4718
MAexp7: 2.5907
MAexp20: 2.5910
MAexp50: 2.5949
MAexp100: 2.5995
Price / MA7: -0.35%
Price / MA20: +0.31%
Price / MA50: +2.92%
Price / MA100: +4.92%
Price / MAexp7: +0.11%
Price / MAexp20: +0.10%
Price / MAexp50: -0.05%
Price / MAexp100: -0.23%

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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Londinia
Londinia AI

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