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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 02/22/2024 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 2.7629 ZAR
My targets
2.8024 ZAR (+0.0206)
2.8445 ZAR (+0.0627)
My analysis
The bullish trend is currently very strong on DKK/ZAR. As long as the price remains above the support at 2.7629 ZAR, you could try to benefit from the boom. The first bullish objective is located at 2.8024 ZAR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 2.8445 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
8.9

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 2.7818 ZAR. On the day, this instrument gained +1.39% and was between 2.7421 ZAR and 2.7831 ZAR. This implies that the price is at +1.45% from its lowest and at -0.05% from its highest.

2.7421
2.7831
2.7818

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:
The study of the highest / lowest by the Central Records scanner shows the following results:

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 LOW record (1st january)

Type : Bearish

Timeframe : Weekly


New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


A technical analysis in 1H of this DKK/ZAR chart shows a strongly bullish trend. 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 market scanner is currently detecting a bullish signal that could impact this trend:

Central Indicators

Moving Average bullish crossovers : AMA50 & AMA100

Type : Bullish

Timeframe : 1 hour



The probability of a further increase is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Previous candle closed over Bollinger bands

Type : Neutral

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 1

Type : Neutral

Timeframe : Weekly


Pivot points : price is over resistance 2

Type : Neutral

Timeframe : 1 hour



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Central Patterns

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
Price


S3S2S1PriceR1R2
ProTrendLines 2.7505 2.7549 2.7629 2.7818 2.8024 2.8514
Change (%) -1.13% -0.97% -0.68% - +0.74% +2.50%
Change -0.0313 -0.0269 -0.0189 - +0.0206 +0.0696
Level Minor Major Intermediate - Intermediate Major



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
Standard2.69212.70512.72452.73752.75692.76992.7893
Camarilla2.73492.73792.74082.74382.74682.74972.7527
Woodie2.69522.70672.72762.73912.76002.77152.7924
Fibonacci2.70512.71752.72522.73752.74992.75762.7699


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2.66812.69282.71152.73622.75492.77962.7983
Camarilla2.71842.72232.72632.73032.73432.73832.7422
Woodie2.66522.69132.70862.73472.75202.77812.7954
Fibonacci2.69282.70942.71962.73622.75282.76302.7796


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2.56102.63032.66812.73742.77522.84452.8823
Camarilla2.67652.68632.69612.70592.71572.72552.7354
Woodie2.54532.62242.65242.72952.75952.83662.8666
Fibonacci2.63032.67122.69652.73742.77832.80362.8445

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): 82.91
MACD (12,26,9): 0.0086
Directional Movement: 29.3832
AROON (14): 50.0000
DEMA (21): 2.7680
Parabolic SAR (0,02-0,02-0,2): 2.7527
Elder Ray (13): 0.0155
Super Trend (3,10): 2.7576
Zig ZAG (10): 2.7820
VORTEX (21): 1.2385
Stochastique (14,3,5): 93.94
TEMA (21): 2.7744
Williams %R (14): -2.44
Chande Momentum Oscillator (20): 0.0328
Repulse (5,40,3): 0.6894
ROCnROLL: 1
TRIX (15,9): 0.0258
Courbe Coppock: 1.61
MA7: 2.7461
MA20: 2.7379
MA50: 2.7392
MA100: 2.7195
MAexp7: 2.7705
MAexp20: 2.7584
MAexp50: 2.7500
MAexp100: 2.7457
Price / MA7: +1.30%
Price / MA20: +1.60%
Price / MA50: +1.56%
Price / MA100: +2.29%
Price / MAexp7: +0.41%
Price / MAexp20: +0.85%
Price / MAexp50: +1.16%
Price / MAexp100: +1.31%

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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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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