Londinia Opportunities Analyses - 09/26/2022 (GMT) DKK/HUF - 1H
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
- FX/Indices
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
72%
0%
28%
My opinion
Bullish above 54.619 HUF
My targets
54.912 HUF (+0.189)
55.059 HUF (+0.336)
My analysis
The bullish trend is currently very strong on DKK/HUF. As long as the price remains above the support at 54.619 HUF, you could try to benefit from the boom. The first bullish objective is located at 54.912 HUF. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 55.059 HUF as an objective. Crossing it would then enable buyers to target 55.205 HUF. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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.
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
8.4
Analysis too old. There are no more charts available.
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Additional analysis
Quotes
The DKK/HUF price is 54.723 HUF. On the day, this instrument gained +0.26% and was between 54.421 HUF and 54.846 HUF. This implies that the price is at +0.55% from its lowest and at -0.22% from its highest.54.421
54.846
54.723
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
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 HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of DKK/HUF indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 13 technical indicators on 18 studied are currently positioned bullish. No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
Near resistance of triangle
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 | 53.846 | 54.485 | 54.619 | 54.723 | 54.912 | 55.059 | 55.205 |
| Change (%) | -1.60% | -0.43% | -0.19% | - | +0.35% | +0.61% | +0.88% |
| Change | -0.877 | -0.238 | -0.104 | - | +0.189 | +0.336 | +0.482 |
| Level | Minor | Major | Minor | - | Intermediate | Intermediate | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 54.125 | 54.298 | 54.441 | 54.614 | 54.757 | 54.930 | 55.073 |
| Camarilla | 54.496 | 54.525 | 54.554 | 54.583 | 54.612 | 54.641 | 54.670 |
| Woodie | 54.109 | 54.291 | 54.425 | 54.607 | 54.741 | 54.923 | 55.057 |
| Fibonacci | 54.298 | 54.419 | 54.494 | 54.614 | 54.735 | 54.810 | 54.930 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 52.049 | 52.688 | 53.635 | 54.274 | 55.221 | 55.860 | 56.807 |
| Camarilla | 54.147 | 54.292 | 54.438 | 54.583 | 54.728 | 54.874 | 55.019 |
| Woodie | 52.204 | 52.765 | 53.790 | 54.351 | 55.376 | 55.937 | 56.962 |
| Fibonacci | 52.688 | 53.294 | 53.668 | 54.274 | 54.880 | 55.254 | 55.860 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 49.259 | 50.943 | 52.394 | 54.078 | 55.529 | 57.213 | 58.664 |
| Camarilla | 52.983 | 53.270 | 53.558 | 53.845 | 54.132 | 54.420 | 54.707 |
| Woodie | 49.143 | 50.885 | 52.278 | 54.020 | 55.413 | 57.155 | 58.548 |
| Fibonacci | 50.943 | 52.141 | 52.880 | 54.078 | 55.276 | 56.015 | 57.213 |
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): | 56.23 | |
| MACD (12,26,9): | 0.0330 | |
| Directional Movement: | -2.869 | |
| AROON (14): | 42.857 | |
| DEMA (21): | 54.702 | |
| Parabolic SAR (0,02-0,02-0,2): | 54.544 | |
| Elder Ray (13): | 0.020 | |
| Super Trend (3,10): | 54.364 | |
| Zig ZAG (10): | 54.743 | |
| VORTEX (21): | 1.0570 | |
| Stochastique (14,3,5): | 63.53 | |
| TEMA (21): | 54.716 | |
| Williams %R (14): | -24.47 | |
| Chande Momentum Oscillator (20): | 0.159 | |
| Repulse (5,40,3): | 0.1820 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0060 | |
| Courbe Coppock: | 0.37 |
| MA7: | 54.378 | |
| MA20: | 54.111 | |
| MA50: | 54.015 | |
| MA100: | 53.592 | |
| MAexp7: | 54.699 | |
| MAexp20: | 54.662 | |
| MAexp50: | 54.599 | |
| MAexp100: | 54.480 | |
| Price / MA7: | +0.63% | |
| Price / MA20: | +1.13% | |
| Price / MA50: | +1.31% | |
| Price / MA100: | +2.11% | |
| Price / MAexp7: | +0.05% | |
| Price / MAexp20: | +0.11% | |
| Price / MAexp50: | +0.23% | |
| Price / MAexp100: | +0.45% |
Quotes :
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Real time data
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Forex