DKK/ZAR - 1H - Technical analysis published on 10/31/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 2.6762 ZAR
My targets
2.7073 ZAR (+0.0235)
2.7145 ZAR (+0.0307)
My analysis
DKK/ZAR is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 2.6762 ZAR. The next resistance located at 2.7073 ZAR is the next bullish target to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 2.7145 ZAR. After this resistance, buyers could then target 2.7225 ZAR.
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
5.7
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
DKK/ZAR rating 2.6838 ZAR. On the day, this instrument gained +0.13% and was traded between 2.6770 ZAR and 2.6846 ZAR over the period. The price is currently at +0.25% from its lowest and -0.03% from its highest.2.6770
2.6846
2.6838
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this DKK/ZAR chart shows a bullish trend. The signals returned by the moving averages are 64.29% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish trend reversal : Moving Average 50
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
In fact, 14 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Resistance of channel is broken
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 | 2.6577 | 2.6659 | 2.6762 | 2.6838 | 2.6861 | 2.7073 | 2.7145 |
| Change (%) | -0.97% | -0.67% | -0.28% | - | +0.09% | +0.88% | +1.14% |
| Change | -0.0261 | -0.0179 | -0.0076 | - | +0.0023 | +0.0235 | +0.0307 |
| Level | Intermediate | Major | Minor | - | Major | Minor | Minor |
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 |
|---|---|---|---|---|---|---|---|
| Standard | 2.6401 | 2.6491 | 2.6646 | 2.6736 | 2.6891 | 2.6981 | 2.7136 |
| Camarilla | 2.6735 | 2.6757 | 2.6780 | 2.6802 | 2.6825 | 2.6847 | 2.6869 |
| Woodie | 2.6435 | 2.6507 | 2.6680 | 2.6752 | 2.6925 | 2.6997 | 2.7170 |
| Fibonacci | 2.6491 | 2.6584 | 2.6642 | 2.6736 | 2.6829 | 2.6887 | 2.6981 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.5776 | 2.6174 | 2.6428 | 2.6826 | 2.7080 | 2.7478 | 2.7732 |
| Camarilla | 2.6502 | 2.6562 | 2.6621 | 2.6681 | 2.6741 | 2.6801 | 2.6860 |
| Woodie | 2.5703 | 2.6138 | 2.6355 | 2.6790 | 2.7007 | 2.7442 | 2.7659 |
| Fibonacci | 2.6174 | 2.6423 | 2.6577 | 2.6826 | 2.7075 | 2.7229 | 2.7478 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.5155 | 2.5890 | 2.6361 | 2.7096 | 2.7567 | 2.8302 | 2.8773 |
| Camarilla | 2.6499 | 2.6610 | 2.6721 | 2.6831 | 2.6942 | 2.7052 | 2.7163 |
| Woodie | 2.5022 | 2.5824 | 2.6228 | 2.7030 | 2.7434 | 2.8236 | 2.8640 |
| Fibonacci | 2.5890 | 2.6351 | 2.6636 | 2.7096 | 2.7557 | 2.7842 | 2.8302 |
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): | 63.49 | |
| MACD (12,26,9): | 0.0036 | |
| Directional Movement: | 12.6547 | |
| AROON (14): | 100.0000 | |
| DEMA (21): | 2.6804 | |
| Parabolic SAR (0,02-0,02-0,2): | 2.6714 | |
| Elder Ray (13): | 0.0037 | |
| Super Trend (3,10): | 2.6674 | |
| Zig ZAG (10): | 2.6841 | |
| VORTEX (21): | 1.1595 | |
| Stochastique (14,3,5): | 95.01 | |
| TEMA (21): | 2.6848 | |
| Williams %R (14): | -2.30 | |
| Chande Momentum Oscillator (20): | 0.0112 | |
| Repulse (5,40,3): | 0.2625 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0153 | |
| Courbe Coppock: | 1.14 |
| MA7: | 2.6907 | |
| MA20: | 2.6979 | |
| MA50: | 2.7088 | |
| MA100: | 2.7155 | |
| MAexp7: | 2.6811 | |
| MAexp20: | 2.6763 | |
| MAexp50: | 2.6759 | |
| MAexp100: | 2.6811 | |
| Price / MA7: | -0.26% | |
| Price / MA20: | -0.52% | |
| Price / MA50: | -0.92% | |
| Price / MA100: | -1.17% | |
| Price / MAexp7: | +0.10% | |
| Price / MAexp20: | +0.28% | |
| Price / MAexp50: | +0.30% | |
| Price / MAexp100: | +0.10% |
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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