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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 05/27/2024 (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
61%
11%
28%
My opinion
Bullish above 2.6675 ZAR
My targets
2.6855 ZAR (+0.0081)
2.7059 ZAR (+0.0285)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on DKK/ZAR as long as the price remains well above 2.6675 ZAR. The buyers' bullish objective is set at 2.6855 ZAR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 2.7059 ZAR. If there is any crossing, the next objective would be the resistance located at 2.7591 ZAR. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
7.3

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.

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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

DKK/ZAR rating 2.6774 ZAR. The price registered an increase of +0.00% on the session and was between 2.6654 ZAR and 2.6845 ZAR. This implies that the price is at +0.45% from its lowest and at -0.26% from its highest.

2.6654
2.6845
2.6774

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

Near a new LOW record (1 year)

Type : Bearish

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 this 1H chart of DKK/ZAR indicates that the overall trend is strongly bullish. 89.29% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner detects bullish and bearish signals on moving averages that could impact this trend:

Central Indicators

Bullish trend reversal : Moving Average 20

Type : Bullish

Timeframe : 1 hour


Bullish trend reversal : Moving Average 50

Type : Bullish

Timeframe : 1 hour


Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : 1 hour


Bullish trend reversal : adaptative moving average 50

Type : Bullish

Timeframe : 1 hour


Bearish price crossover with adaptative moving average 50

Type : Bearish

Timeframe : 1 hour



In fact, 11 technical indicators on 18 studied are currently positioned bullish. The Central Indicators scanner found this result concerning these indicators:

Central Indicators

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:

Central Patterns

Near horizontal support

Type : Bullish

Timeframe : 1 hour


Support of channel is broken

Type : Bearish

Timeframe : 1 hour



The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:

Central Candlesticks

Doji

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 2.6464 2.6547 2.6675 2.6774 2.6797 2.6855 2.7059
Change (%) -1.16% -0.85% -0.37% - +0.09% +0.30% +1.06%
Change -0.0310 -0.0227 -0.0099 - +0.0023 +0.0081 +0.0285
Level Minor Minor Major - Minor Intermediate Intermediate



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2.64642.65592.66662.67612.68682.69632.7070
Camarilla2.67192.67372.67562.67742.67932.68112.6830
Woodie2.64712.65622.66732.67642.68752.69662.7077
Fibonacci2.65592.66362.66842.67612.68382.68862.6963


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2.57512.59882.63812.66182.70112.72482.7641
Camarilla2.66012.66592.67162.67742.68322.68902.6947
Woodie2.58292.60272.64592.66572.70892.72872.7719
Fibonacci2.59882.62292.63772.66182.68592.70072.7248


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2.56182.61632.65192.70642.74202.79652.8321
Camarilla2.66272.67102.67922.68752.69582.70402.7123
Woodie2.55242.61162.64252.70172.73262.79182.8227
Fibonacci2.61632.65072.67202.70642.74082.76212.7965

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): 55.16
MACD (12,26,9): -0.0004
Directional Movement: 7.4587
AROON (14): -42.8571
DEMA (21): 2.6754
Parabolic SAR (0,02-0,02-0,2): 2.6658
Elder Ray (13): 0.0022
Super Trend (3,10): 2.6662
Zig ZAG (10): 2.6772
VORTEX (21): 1.0059
Stochastique (14,3,5): 51.13
TEMA (21): 2.6735
Williams %R (14): -41.36
Chande Momentum Oscillator (20): 0.0005
Repulse (5,40,3): 0.1030
ROCnROLL: 1
TRIX (15,9): -0.0011
Courbe Coppock: 0.20
MA7: 2.6572
MA20: 2.6635
MA50: 2.6999
MA100: 2.7261
MAexp7: 2.6745
MAexp20: 2.6756
MAexp50: 2.6734
MAexp100: 2.6674
Price / MA7: +0.76%
Price / MA20: +0.52%
Price / MA50: -0.83%
Price / MA100: -1.79%
Price / MAexp7: +0.11%
Price / MAexp20: +0.07%
Price / MAexp50: +0.15%
Price / MAexp100: +0.37%

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 AI

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