AUD/DKK - 1H - Technical analysis published on 08/21/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bearish
Technical indicators
44%
17%
39%
My opinion
Bearish under 4.3955 DKK
My targets
4.3795 DKK (-0.0091)
4.3667 DKK (-0.0219)
My analysis
The basic trend is bearish on AUD/DKK and in the short term, the price is trying to rebound. For the time being, this is only a technical rebound and the basic trend is not threatened. To have the rebound confirmed, it would have at least to go back above the 4.3955 DKK. Buyers would then use the next resistance located at 4.4134 DKK as an objective. Crossing it would then enable buyers to target 4.4252 DKK. If there is a return to below the support located at 4.3795 DKK, this would be a sign of a reversal in the basic bearish trend. The next bearish objectives would be 4.3667 DKK and 3.9532 DKK by extension.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
0.2
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Additional analysis
Quotes
AUD/DKK rating 4.3886 DKK. On the day, this instrument lost -0.02% and was traded between 4.3728 DKK and 4.3955 DKK over the period. The price is currently at +0.36% from its lowest and -0.16% from its highest.4.3728
4.3955
4.3886
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
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
The Central Volumes scanner notes the presence of abnormal volumes:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Technical
Technical analysis of AUD/DKK in 1H shows an overall bearish trend. 67.86% of the signals given by moving averages are bearish. Caution: the slightly bullish signals currently being given by short-term moving averages indicate that this bearish trend may be slowing down. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
In fact, only 8 technical indicators out of 18 studied are currently positioned bullish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
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 | 3.9532 | 4.3667 | 4.3795 | 4.3886 | 4.3955 | 4.4134 | 4.4252 |
| Change (%) | -9.92% | -0.50% | -0.21% | - | +0.16% | +0.57% | +0.83% |
| Change | -0.4354 | -0.0219 | -0.0091 | - | +0.0069 | +0.0248 | +0.0366 |
| Level | Major | Intermediate | Minor | - | Intermediate | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.3609 | 4.3702 | 4.3797 | 4.3890 | 4.3985 | 4.4078 | 4.4173 |
| Camarilla | 4.3841 | 4.3859 | 4.3876 | 4.3893 | 4.3910 | 4.3928 | 4.3945 |
| Woodie | 4.3611 | 4.3703 | 4.3799 | 4.3891 | 4.3987 | 4.4079 | 4.4175 |
| Fibonacci | 4.3702 | 4.3774 | 4.3818 | 4.3890 | 4.3962 | 4.4006 | 4.4078 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.2694 | 4.3180 | 4.3537 | 4.4023 | 4.4380 | 4.4866 | 4.5223 |
| Camarilla | 4.3661 | 4.3739 | 4.3816 | 4.3893 | 4.3970 | 4.4048 | 4.4125 |
| Woodie | 4.2629 | 4.3148 | 4.3472 | 4.3991 | 4.4315 | 4.4834 | 4.5158 |
| Fibonacci | 4.3180 | 4.3502 | 4.3701 | 4.4023 | 4.4345 | 4.4544 | 4.4866 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.3927 | 4.4402 | 4.4955 | 4.5430 | 4.5983 | 4.6458 | 4.7011 |
| Camarilla | 4.5225 | 4.5320 | 4.5414 | 4.5508 | 4.5602 | 4.5697 | 4.5791 |
| Woodie | 4.3966 | 4.4422 | 4.4994 | 4.5450 | 4.6022 | 4.6478 | 4.7050 |
| Fibonacci | 4.4402 | 4.4795 | 4.5037 | 4.5430 | 4.5823 | 4.6065 | 4.6458 |
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): | 49.98 | |
| MACD (12,26,9): | -0.0020 | |
| Directional Movement: | 0.4108 | |
| AROON (14): | -14.2857 | |
| DEMA (21): | 4.3808 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.3886 | |
| Elder Ray (13): | 0.0008 | |
| Super Trend (3,10): | 4.3971 | |
| Zig ZAG (10): | 4.3846 | |
| VORTEX (21): | 0.9517 | |
| Stochastique (14,3,5): | 50.47 | |
| TEMA (21): | 4.3804 | |
| Williams %R (14): | -32.96 | |
| Chande Momentum Oscillator (20): | 0.0017 | |
| Repulse (5,40,3): | 0.1181 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0068 | |
| Courbe Coppock: | 0.22 |
| MA7: | 4.4039 | |
| MA20: | 4.4574 | |
| MA50: | 4.5244 | |
| MA100: | 4.5427 | |
| MAexp7: | 4.3820 | |
| MAexp20: | 4.3834 | |
| MAexp50: | 4.3874 | |
| MAexp100: | 4.3947 | |
| Price / MA7: | -0.35% | |
| Price / MA20: | -1.54% | |
| Price / MA50: | -3.00% | |
| Price / MA100: | -3.39% | |
| Price / MAexp7: | +0.15% | |
| Price / MAexp20: | +0.12% | |
| Price / MAexp50: | +0.03% | |
| Price / MAexp100: | -0.14% |
Quotes :
-
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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