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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 11/11/2024 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Neutral
Underlying: Bearish
Technical indicators
6%
50%
44%
My opinion
Bearish under 2.5432 ZAR
My targets
2.5217 ZAR (-0.0055)
2.5024 ZAR (-0.0248)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 2.5432 ZAR remains possible. It is advisable to trade DKK/ZAR with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 2.5432 ZAR. The next bearish objective for sellers is set at 2.5217 ZAR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 2.5024 ZAR. In case of crossing, the next objective would be the support located at 2.4658 ZAR. PS: if there is a bullish break in the resistance located at 2.5432 ZAR we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.

In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
3.9

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.

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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

The DKK/ZAR rating is 2.5272 ZAR. The price registered an increase of +0.00% on the session with the lowest point at 2.5242 ZAR and the highest point at 2.5352 ZAR. The deviation from the price is +0.12% for the low point and -0.32% for the high point.

2.5242
2.5352
2.5272

The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.

Central Gaps

Opening Gap UP

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

Central Records

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly


Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly


Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of DKK/ZAR in 1H shows an overall bearish trend. 64.29% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. An assessment of moving averages reveals several bearish and bullish signals:

Central Indicators

Bearish trend reversal : Moving Average 20

Type : Bearish

Timeframe : 1 hour


Bearish trend reversal : adaptative moving average 20

Type : Bearish

Timeframe : 1 hour


Bearish trend reversal : adaptative moving average 50

Type : Bearish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : 1 hour



The probability of a further decline is low given the direction of the technical indicators.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Central Indicators

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



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
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 2.4658 2.5024 2.5217 2.5272 2.5432 2.5540 2.5684
Change (%) -2.43% -0.98% -0.22% - +0.63% +1.06% +1.63%
Change -0.0614 -0.0248 -0.0055 - +0.0160 +0.0268 +0.0412
Level Major Major Minor - Minor Intermediate Major



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2.47662.48962.50852.52152.54042.55342.5723
Camarilla2.51852.52152.52442.52732.53022.53322.5361
Woodie2.47952.49112.51142.52302.54332.55492.5752
Fibonacci2.48962.50182.50942.52152.53372.54132.5534


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2.43062.46652.49692.53282.56322.59912.6295
Camarilla2.50912.51522.52122.52732.53342.53952.5455
Woodie2.42792.46512.49422.53142.56052.59772.6268
Fibonacci2.46652.49182.50752.53282.55812.57382.5991


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2.47412.50412.53632.56632.59852.62852.6607
Camarilla2.55142.55712.56282.56852.57422.57992.5856
Woodie2.47522.50472.53742.56692.59962.62912.6618
Fibonacci2.50412.52792.54252.56632.59012.60472.6285

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): 49.89
MACD (12,26,9): 0.0020
Directional Movement: -0.2119
AROON (14): -28.5714
DEMA (21): 2.5313
Parabolic SAR (0,02-0,02-0,2): 2.5350
Elder Ray (13): -0.0007
Super Trend (3,10): 2.5188
Zig ZAG (10): 2.5270
VORTEX (21): 0.9762
Stochastique (14,3,5): 33.21
TEMA (21): 2.5323
Williams %R (14): -72.73
Chande Momentum Oscillator (20): -0.0009
Repulse (5,40,3): -0.2121
ROCnROLL: 2
TRIX (15,9): 0.0189
Courbe Coppock: 0.14
MA7: 2.5382
MA20: 2.5545
MA50: 2.5842
MA100: 2.6199
MAexp7: 2.5293
MAexp20: 2.5282
MAexp50: 2.5270
MAexp100: 2.5327
Price / MA7: -0.43%
Price / MA20: -1.07%
Price / MA50: -2.21%
Price / MA100: -3.54%
Price / MAexp7: -0.08%
Price / MAexp20: -0.04%
Price / MAexp50: +0.01%
Price / MAexp100: -0.22%

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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