DKK/ZAR - 1H - Technical analysis published on 01/29/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
61%
6%
33%
My opinion
Bearish under 2.7488 ZAR
My targets
2.7290 ZAR (-0.0059)
2.7070 ZAR (-0.0279)
My analysis
The bearish basic trend is very strong on DKK/ZAR but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 2.7488 ZAR. Crossing the first support at 2.7290 ZAR would be a sign of a further potential price plummet. Sellers would then use the next support located at 2.7070 ZAR as an objective. Crossing it would then enable sellers to target 2.6650 ZAR. Caution, a return to above the resistance located at 2.7488 ZAR would be a sign of a possible consolidation phase of the short-term basic trend. 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 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
3.6
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
DKK/ZAR rating 2.7349 ZAR. On the day, this instrument lost -0.02% with the lowest point at 2.7286 ZAR and the highest point at 2.7387 ZAR. The deviation from the price is +0.23% for the low point and -0.14% for the high point.2.7286
2.7387
2.7349
The Central Gaps scanner detects the formation of a bearish gap marking the strong presence of sellers ahead of buyers at the opening. This formed a quotation gap.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
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 (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 HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of DKK/ZAR in 1H shows a overall strongly bearish trend. 89.29% of the signals given by moving averages are bearish. This strongly bearish trend is showing signs of slowing down given the slightly bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 11 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Near support of channel
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 | 2.6650 | 2.7070 | 2.7290 | 2.7349 | 2.7488 | 2.7661 | 2.7926 |
| Change (%) | -2.56% | -1.02% | -0.22% | - | +0.51% | +1.14% | +2.11% |
| Change | -0.0699 | -0.0279 | -0.0059 | - | +0.0139 | +0.0312 | +0.0577 |
| Level | Intermediate | Minor | Major | - | Intermediate | Major | 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 | 2.7084 | 2.7199 | 2.7277 | 2.7392 | 2.7470 | 2.7585 | 2.7663 |
| Camarilla | 2.7301 | 2.7319 | 2.7336 | 2.7354 | 2.7372 | 2.7389 | 2.7407 |
| Woodie | 2.7065 | 2.7190 | 2.7258 | 2.7383 | 2.7451 | 2.7576 | 2.7644 |
| Fibonacci | 2.7199 | 2.7273 | 2.7319 | 2.7392 | 2.7466 | 2.7512 | 2.7585 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.6338 | 2.6827 | 2.7090 | 2.7579 | 2.7842 | 2.8331 | 2.8594 |
| Camarilla | 2.7147 | 2.7216 | 2.7285 | 2.7354 | 2.7423 | 2.7492 | 2.7561 |
| Woodie | 2.6226 | 2.6771 | 2.6978 | 2.7523 | 2.7730 | 2.8275 | 2.8482 |
| Fibonacci | 2.6827 | 2.7114 | 2.7291 | 2.7579 | 2.7866 | 2.8043 | 2.8331 |
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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 49.28 | |
| MACD (12,26,9): | -0.0025 | |
| Directional Movement: | -2.0614 | |
| AROON (14): | 57.1428 | |
| DEMA (21): | 2.7321 | |
| Parabolic SAR (0,02-0,02-0,2): | 2.7288 | |
| Elder Ray (13): | 0.0014 | |
| Super Trend (3,10): | 2.7444 | |
| Zig ZAG (10): | 2.7370 | |
| VORTEX (21): | 1.0060 | |
| Stochastique (14,3,5): | 60.68 | |
| TEMA (21): | 2.7331 | |
| Williams %R (14): | -16.83 | |
| Chande Momentum Oscillator (20): | 0.0006 | |
| Repulse (5,40,3): | 0.1562 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0172 | |
| Courbe Coppock: | 0.18 |
| MA7: | 2.7619 | |
| MA20: | 2.7520 | |
| MA50: | 2.7389 | |
| MA100: | 2.7138 | |
| MAexp7: | 2.7344 | |
| MAexp20: | 2.7359 | |
| MAexp50: | 2.7427 | |
| MAexp100: | 2.7516 | |
| Price / MA7: | -0.98% | |
| Price / MA20: | -0.62% | |
| Price / MA50: | -0.15% | |
| Price / MA100: | +0.78% | |
| Price / MAexp7: | +0.02% | |
| Price / MAexp20: | -0.04% | |
| Price / MAexp50: | -0.28% | |
| Price / MAexp100: | -0.61% |
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.
About author
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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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