NZD/DKK - 1H - Technical analysis published on 08/04/2023 (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:
Bearish
Underlying:
Strongly bearish
Technical indicators
33%
44%
22%
My opinion
Bearish under 4.1467 DKK
My targets
4.1325 DKK (-0.0050)
4.0786 DKK (-0.0589)
My analysis
The bearish basic trend is very strong on NZD/DKK 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 4.1467 DKK. Crossing the first support at 4.1325 DKK would be a sign of a further potential price plummet. Sellers would then use the next support located at 4.0786 DKK as an objective. Crossing it would then enable sellers to target 3.8975 DKK. Caution, a return to above the resistance located at 4.1467 DKK 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.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
5.7
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Additional analysis
Quotes
The NZD/DKK price is 4.1375 DKK. The price registered a decrease of -0.01% on the session and was traded between 4.1298 DKK and 4.1491 DKK over the period. The price is currently at +0.19% from its lowest and -0.28% from its highest.4.1298
4.1491
4.1375
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
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:
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
The Central Volumes scanner notes the presence of abnormal volumes:
Abnormal volumes
Timeframe : 5 days
Technical
A technical analysis in 1H of this NZD/DKK chart shows a sharp bearish trend. The signals given by moving averages are 89.29% bearish. This strongly bearish trend seems to be slowing down given the slightly bearish signals being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:
MACD indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
RSI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
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:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 2.9206 | 3.8975 | 4.1325 | 4.1375 | 4.1467 | 4.1598 | 4.1725 |
| Change (%) | -29.41% | -5.80% | -0.12% | - | +0.22% | +0.54% | +0.85% |
| Change | -1.2169 | -0.2400 | -0.0050 | - | +0.0092 | +0.0223 | +0.0350 |
| Level | Minor | Intermediate | Intermediate | - | Minor | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.1131 | 4.1216 | 4.1298 | 4.1383 | 4.1465 | 4.1550 | 4.1632 |
| Camarilla | 4.1333 | 4.1348 | 4.1364 | 4.1379 | 4.1394 | 4.1410 | 4.1425 |
| Woodie | 4.1129 | 4.1215 | 4.1296 | 4.1382 | 4.1463 | 4.1549 | 4.1630 |
| Fibonacci | 4.1216 | 4.1280 | 4.1320 | 4.1383 | 4.1447 | 4.1487 | 4.1550 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.0332 | 4.0786 | 4.1219 | 4.1673 | 4.2106 | 4.2560 | 4.2993 |
| Camarilla | 4.1409 | 4.1490 | 4.1572 | 4.1653 | 4.1734 | 4.1816 | 4.1897 |
| Woodie | 4.0323 | 4.0781 | 4.1210 | 4.1668 | 4.2097 | 4.2555 | 4.2984 |
| Fibonacci | 4.0786 | 4.1125 | 4.1334 | 4.1673 | 4.2012 | 4.2221 | 4.2560 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.9934 | 4.0586 | 4.1312 | 4.1964 | 4.2690 | 4.3342 | 4.4068 |
| Camarilla | 4.1658 | 4.1784 | 4.1911 | 4.2037 | 4.2163 | 4.2290 | 4.2416 |
| Woodie | 3.9970 | 4.0605 | 4.1348 | 4.1983 | 4.2726 | 4.3361 | 4.4104 |
| Fibonacci | 4.0586 | 4.1113 | 4.1438 | 4.1964 | 4.2491 | 4.2816 | 4.3342 |
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): | 48.78 | |
| MACD (12,26,9): | -0.0014 | |
| Directional Movement: | -0.9830 | |
| AROON (14): | -100.0000 | |
| DEMA (21): | 4.1368 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.1468 | |
| Elder Ray (13): | -0.0034 | |
| Super Trend (3,10): | 4.1507 | |
| Zig ZAG (10): | 4.1371 | |
| VORTEX (21): | 0.9694 | |
| Stochastique (14,3,5): | 22.74 | |
| TEMA (21): | 4.1369 | |
| Williams %R (14): | -61.50 | |
| Chande Momentum Oscillator (20): | -0.0048 | |
| Repulse (5,40,3): | 0.0035 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0029 | |
| Courbe Coppock: | 0.19 |
| MA7: | 4.1636 | |
| MA20: | 4.1806 | |
| MA50: | 4.2005 | |
| MA100: | 4.2264 | |
| MAexp7: | 4.1368 | |
| MAexp20: | 4.1386 | |
| MAexp50: | 4.1432 | |
| MAexp100: | 4.1521 | |
| Price / MA7: | -0.63% | |
| Price / MA20: | -1.03% | |
| Price / MA50: | -1.50% | |
| Price / MA100: | -2.10% | |
| Price / MAexp7: | +0.02% | |
| Price / MAexp20: | -0.03% | |
| Price / MAexp50: | -0.14% | |
| Price / MAexp100: | -0.35% |
Quotes :
-
Real time data
-
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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