NZD/DKK - 1H - Technical analysis published on 01/22/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
17%
39%
44%
My opinion
Bearish under 4.4526 DKK
My targets
4.4344 DKK (-0.0074)
4.4244 DKK (-0.0174)
My analysis
The bearish trend is currently very strong for NZD/DKK. As long as the price remains below the resistance at 4.4526 DKK, you could try to take advantage of the bearish rally. The first bearish objective is located at 4.4344 DKK. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 4.4244 DKK as an objective. Crossing it would then enable sellers to target 4.4170 DKK. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
FORCE
0
10
5.7
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The NZD/DKK price is 4.4418 DKK. The price has increased by -0.09% since the last closing and was traded between 4.4396 DKK and 4.4467 DKK over the period. The price is currently at +0.05% from its lowest and -0.11% from its highest.4.4396
4.4467
4.4418
Here is a more detailed summary of the historical variations registered by NZD/DKK:
Technical
Technical analysis of NZD/DKK in 1H shows a overall strongly bearish trend. 82.14% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, only 7 technical indicators out of 18 studied are currently bearish. No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near support of triangle
Type : Bullish
Timeframe : 1 hour
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4.4244 | 4.4344 | 4.4401 | 4.4418 | 4.4526 | 4.4621 | 4.4677 |
| Change (%) | -0.39% | -0.17% | -0.04% | - | +0.24% | +0.46% | +0.58% |
| Change | -0.0174 | -0.0074 | -0.0017 | - | +0.0108 | +0.0203 | +0.0259 |
| Level | Minor | Minor | Intermediate | - | Minor | Intermediate | Minor |
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 | 4.4263 | 4.4332 | 4.4395 | 4.4464 | 4.4527 | 4.4596 | 4.4659 |
| Camarilla | 4.4423 | 4.4435 | 4.4447 | 4.4459 | 4.4471 | 4.4483 | 4.4495 |
| Woodie | 4.4261 | 4.4331 | 4.4393 | 4.4463 | 4.4525 | 4.4595 | 4.4657 |
| Fibonacci | 4.4332 | 4.4382 | 4.4413 | 4.4464 | 4.4514 | 4.4545 | 4.4596 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.3749 | 4.3960 | 4.4256 | 4.4467 | 4.4763 | 4.4974 | 4.5270 |
| Camarilla | 4.4414 | 4.4460 | 4.4507 | 4.4553 | 4.4600 | 4.4646 | 4.4692 |
| Woodie | 4.3793 | 4.3981 | 4.4300 | 4.4488 | 4.4807 | 4.4995 | 4.5314 |
| Fibonacci | 4.3960 | 4.4153 | 4.4273 | 4.4467 | 4.4660 | 4.4780 | 4.4974 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.2588 | 4.3080 | 4.3966 | 4.4458 | 4.5344 | 4.5836 | 4.6722 |
| Camarilla | 4.4473 | 4.4599 | 4.4726 | 4.4852 | 4.4978 | 4.5105 | 4.5231 |
| Woodie | 4.2785 | 4.3179 | 4.4163 | 4.4557 | 4.5541 | 4.5935 | 4.6919 |
| Fibonacci | 4.3080 | 4.3606 | 4.3932 | 4.4458 | 4.4984 | 4.5310 | 4.5836 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 46.23 | |
| MACD (12,26,9): | -0.0011 | |
| Directional Movement: | -9.7940 | |
| AROON (14): | -28.5714 | |
| DEMA (21): | 4.4428 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.4476 | |
| Elder Ray (13): | -0.0011 | |
| Super Trend (3,10): | 4.4539 | |
| Zig ZAG (10): | 4.4421 | |
| VORTEX (21): | 1.0037 | |
| Stochastique (14,3,5): | 36.67 | |
| TEMA (21): | 4.4429 | |
| Williams %R (14): | -72.22 | |
| Chande Momentum Oscillator (20): | -0.0038 | |
| Repulse (5,40,3): | -0.0299 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0036 | |
| Courbe Coppock: | 0.13 |
| MA7: | 4.4454 | |
| MA20: | 4.4609 | |
| MA50: | 4.4199 | |
| MA100: | 4.3561 | |
| MAexp7: | 4.4432 | |
| MAexp20: | 4.4445 | |
| MAexp50: | 4.4467 | |
| MAexp100: | 4.4482 | |
| Price / MA7: | -0.08% | |
| Price / MA20: | -0.43% | |
| Price / MA50: | +0.50% | |
| Price / MA100: | +1.97% | |
| Price / MAexp7: | -0.03% | |
| Price / MAexp20: | -0.06% | |
| Price / MAexp50: | -0.11% | |
| Price / MAexp100: | -0.14% |
This member declared not having a position on this financial instrument or a related financial instrument.
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