NZD/DKK - 1H - Technical analysis published on 07/04/2023 (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:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
72%
11%
17%
My opinion
Bullish above 4.1942 DKK
My targets
4.2225 DKK (+0.0173)
4.2428 DKK (+0.0376)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on NZD/DKK as long as the price remains well above 4.1942 DKK. The buyers' bullish objective is set at 4.2225 DKK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 4.2428 DKK. If there is any crossing, the next objective would be the resistance located at 4.3399 DKK. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The NZD/DKK rating is 4.2052 DKK. The price registered an increase of +0.10% on the session and was between 4.1996 DKK and 4.2078 DKK. This implies that the price is at +0.13% from its lowest and at -0.06% from its highest.4.1996
4.2078
4.2052
A study of price movements over other periods shows the following variations:
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 NZD/DKK in 1H shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, according to the parameters integrated into the Central Analyzer system, 13 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4.1677 | 4.1813 | 4.1942 | 4.2052 | 4.2074 | 4.2225 | 4.2428 |
| Change (%) | -0.89% | -0.57% | -0.26% | - | +0.05% | +0.41% | +0.89% |
| Change | -0.0375 | -0.0239 | -0.0110 | - | +0.0022 | +0.0173 | +0.0376 |
| Level | Minor | Intermediate | Intermediate | - | Intermediate | Minor | Major |
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 | 4.1550 | 4.1668 | 4.1839 | 4.1957 | 4.2128 | 4.2246 | 4.2417 |
| Camarilla | 4.1931 | 4.1957 | 4.1984 | 4.2010 | 4.2037 | 4.2063 | 4.2090 |
| Woodie | 4.1577 | 4.1681 | 4.1866 | 4.1970 | 4.2155 | 4.2259 | 4.2444 |
| Fibonacci | 4.1668 | 4.1778 | 4.1847 | 4.1957 | 4.2067 | 4.2136 | 4.2246 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.0537 | 4.0942 | 4.1414 | 4.1819 | 4.2291 | 4.2696 | 4.3168 |
| Camarilla | 4.1644 | 4.1724 | 4.1805 | 4.1885 | 4.1965 | 4.2046 | 4.2126 |
| Woodie | 4.0570 | 4.0959 | 4.1447 | 4.1836 | 4.2324 | 4.2713 | 4.3201 |
| Fibonacci | 4.0942 | 4.1277 | 4.1484 | 4.1819 | 4.2154 | 4.2361 | 4.2696 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.9726 | 4.0537 | 4.1211 | 4.2022 | 4.2696 | 4.3507 | 4.4181 |
| Camarilla | 4.1477 | 4.1613 | 4.1749 | 4.1885 | 4.2021 | 4.2157 | 4.2293 |
| Woodie | 3.9658 | 4.0503 | 4.1143 | 4.1988 | 4.2628 | 4.3473 | 4.4113 |
| Fibonacci | 4.0537 | 4.1104 | 4.1455 | 4.2022 | 4.2589 | 4.2940 | 4.3507 |
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): | 62.19 | |
| MACD (12,26,9): | 0.0041 | |
| Directional Movement: | 18.6789 | |
| AROON (14): | 78.5714 | |
| DEMA (21): | 4.2054 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.1979 | |
| Elder Ray (13): | 0.0035 | |
| Super Trend (3,10): | 4.1882 | |
| Zig ZAG (10): | 4.2068 | |
| VORTEX (21): | 1.0789 | |
| Stochastique (14,3,5): | 81.78 | |
| TEMA (21): | 4.2043 | |
| Williams %R (14): | -5.88 | |
| Chande Momentum Oscillator (20): | 0.0098 | |
| Repulse (5,40,3): | 0.1131 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0141 | |
| Courbe Coppock: | 0.19 |
| MA7: | 4.1838 | |
| MA20: | 4.2122 | |
| MA50: | 4.2296 | |
| MA100: | 4.2619 | |
| MAexp7: | 4.2032 | |
| MAexp20: | 4.1997 | |
| MAexp50: | 4.1908 | |
| MAexp100: | 4.1853 | |
| Price / MA7: | +0.51% | |
| Price / MA20: | -0.17% | |
| Price / MA50: | -0.58% | |
| Price / MA100: | -1.33% | |
| Price / MAexp7: | +0.05% | |
| Price / MAexp20: | +0.13% | |
| Price / MAexp50: | +0.34% | |
| Price / MAexp100: | +0.48% |
Quotes :
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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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