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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 10/05/2023 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 2.7444 ZAR
My targets
2.7699 ZAR (+0.0102)
2.7932 ZAR (+0.0335)
My analysis
The bullish trend is currently very strong on DKK/ZAR. As long as the price remains above the support at 2.7444 ZAR, you could try to benefit from the boom. The first bullish objective is located at 2.7699 ZAR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 2.7932 ZAR as an objective. Crossing it would then enable buyers to target 2.8514 ZAR. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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 confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.8

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 price is 2.7597 ZAR. The price registered an increase of +1.27% on the session and was between 2.7206 ZAR and 2.7656 ZAR. This implies that the price is at +1.44% from its lowest and at -0.21% from its highest.

2.7206
2.7656
2.7597

Here is a more detailed summary of the historical variations registered by DKK/ZAR:
The Central Records scanner for higher/lower results shows the following items:

Central Records

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 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 strongly bullish. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals 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, 15 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour


CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


RSI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

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

Central Indicators

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly


Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 1 hour



An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Central Patterns

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour



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


ProTrendLines
S3
S2
S1
R1
R2
Price


S3S2S1PriceR1R2
ProTrendLines 2.7043 2.7210 2.7306 2.7597 2.7932 2.8514
Change (%) -2.01% -1.40% -1.05% - +1.21% +3.32%
Change -0.0554 -0.0387 -0.0291 - +0.0335 +0.0917
Level Intermediate Intermediate Intermediate - Major Intermediate



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
Standard2.68262.69332.70922.71992.73582.74652.7624
Camarilla2.71782.72022.72272.72512.72752.73002.7324
Woodie2.68522.69462.71182.72122.73842.74782.7650
Fibonacci2.69332.70352.70972.71992.73012.73632.7465


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2.60132.63202.65752.68822.71372.74442.7699
Camarilla2.66772.67282.67802.68312.68832.69342.6986
Woodie2.59882.63072.65502.68692.71122.74312.7674
Fibonacci2.63202.65342.66672.68822.70962.72292.7444


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2.51552.58902.63612.70962.75672.83022.8773
Camarilla2.64992.66102.67212.68312.69422.70522.7163
Woodie2.50222.58242.62282.70302.74342.82362.8640
Fibonacci2.58902.63512.66362.70962.75572.78422.8302

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): 78.33
MACD (12,26,9): 0.0106
Directional Movement: 28.6241
AROON (14): 57.1428
DEMA (21): 2.7509
Parabolic SAR (0,02-0,02-0,2): 2.7363
Elder Ray (13): 0.0185
Super Trend (3,10): 2.7388
Zig ZAG (10): 2.7625
VORTEX (21): 1.3133
Stochastique (14,3,5): 91.57
TEMA (21): 2.7568
Williams %R (14): -5.33
Chande Momentum Oscillator (20): 0.0406
Repulse (5,40,3): 0.3935
ROCnROLL: 1
TRIX (15,9): 0.0359
Courbe Coppock: 1.95
MA7: 2.7111
MA20: 2.7101
MA50: 2.7292
MA100: 2.7315
MAexp7: 2.7524
MAexp20: 2.7384
MAexp50: 2.7252
MAexp100: 2.7144
Price / MA7: +1.79%
Price / MA20: +1.83%
Price / MA50: +1.12%
Price / MA100: +1.03%
Price / MAexp7: +0.26%
Price / MAexp20: +0.77%
Price / MAexp50: +1.26%
Price / MAexp100: +1.67%

Quotes : - Real time data - Forex

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

About author

Londinia
Londinia AI

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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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