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 01/05/2024 (GMT)

Londinia

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

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bullish

Technical indicators

39%

17%

44%

My opinion

Bullish above 2.7297 ZAR

My targets

2.7626 ZAR (+0.0181)

2.7699 ZAR (+0.0254)

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 above the support located at 2.7297 ZAR, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 2.7626 ZAR would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 2.7699 ZAR as an objective. Crossing it would then enable buyers to target 2.7778 ZAR. If the support 2.7297 ZAR were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

3.2

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

DKK/ZAR rating 2.7445 ZAR. The price is lower by -0.02% since the last closing with the lowest point at 2.7380 ZAR and the highest point at 2.7660 ZAR. The deviation from the price is +0.24% for the low point and -0.78% for the high point.

2.7380

2.7660

2.7445

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner for higher/lower results shows the following items:

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of DKK/ZAR indicates that the overall trend is bullish. 67.86% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 1 hour

Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : 1 hour

In fact, only 7 technical indicators out of 18 studied are currently bullish. Other results related to technical indicators were also found by the Central Indicators scanner:

RSI indicator is back over 50

Type : Bullish

Timeframe : 1 hour

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

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 triangle

Type : Bearish

Timeframe : 1 hour

Near horizontal support

Type : Bullish

Timeframe : 1 hour

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	2.7206	2.7297	2.7435	2.7445	2.7626	2.7699	2.7778
Change (%)	-0.87%	-0.54%	-0.04%	-	+0.66%	+0.93%	+1.21%
Change	-0.0239	-0.0148	-0.0010	-	+0.0181	+0.0254	+0.0333
Level	Major	Major	Intermediate	-	Major	Intermediate	Intermediate

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.7073	2.7182	2.7316	2.7425	2.7559	2.7668	2.7802
Camarilla	2.7383	2.7406	2.7428	2.7450	2.7472	2.7495	2.7517
Woodie	2.7086	2.7188	2.7329	2.7431	2.7572	2.7674	2.7815
Fibonacci	2.7182	2.7275	2.7332	2.7425	2.7518	2.7575	2.7668

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.7042	2.7042	2.7042	2.7042	2.7042	2.7042	2.7042
Camarilla	2.7042	2.7042	2.7042	2.7042	2.7042	2.7042	2.7042
Woodie	2.7042	2.7042	2.7042	2.7042	2.7042	2.7042	2.7042
Fibonacci	2.7042	2.7042	2.7042	2.7042	2.7042	2.7042	2.7042

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.4025	2.4915	2.5998	2.6888	2.7971	2.8861	2.9944
Camarilla	2.6538	2.6719	2.6900	2.7081	2.7262	2.7443	2.7624
Woodie	2.4122	2.4963	2.6095	2.6936	2.8068	2.8909	3.0041
Fibonacci	2.4915	2.5669	2.6134	2.6888	2.7642	2.8107	2.8861

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):	51.45
MACD (12,26,9):	0.0011
Directional Movement:	8.5296
AROON (14):	-14.2857
DEMA (21):	2.7488
Parabolic SAR (0,02-0,02-0,2):	2.7638
Elder Ray (13):	-0.0008
Super Trend (3,10):	2.7385
Zig ZAG (10):	2.7463
VORTEX (21):	1.0000
Stochastique (14,3,5):	20.12
TEMA (21):	2.7477
Williams %R (14):	-72.86
Chande Momentum Oscillator (20):	0.0007
Repulse (5,40,3):	-0.1674
ROCnROLL:	-1
TRIX (15,9):	0.0085
Courbe Coppock:	0.24

MA7:	2.7259
MA20:	2.7256
MA50:	2.7082
MA100:	2.7099
MAexp7:	2.7467
MAexp20:	2.7469
MAexp50:	2.7437
MAexp100:	2.7397
Price / MA7:	+0.68%
Price / MA20:	+0.69%
Price / MA50:	+1.34%
Price / MA100:	+1.28%
Price / MAexp7:	-0.08%
Price / MAexp20:	-0.09%
Price / MAexp50:	+0.03%
Price / MAexp100:	+0.18%

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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