EUR/DKK - 1H - Technical analysis published on 01/09/2024 (GMT)
- 122
- 0
- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Slightly bearish
Technical indicators
50%
17%
33%
My opinion
Neutral between 7.4554 DKK and 7.4593 DKK
My targets
-
My analysis
The neutral short-term trend shows a weakening of the basic, slightly bearish trend on EUR/DKK. It is difficult to advise a trading direction under these conditions. The first support is located at 7.4554 DKK. The first resistance is located at 7.4593 DKK. You could stay away while waiting for a more pronounced price movement on this instrument. A new analysis could then be produced that would give clearer signals.
In the very short term, despite the neutral opinion of this analysis, technical indicators are bullish and could soon allow change to a bullish sentiment.
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
EUR/DKK rating 7.4578 DKK. The price registered a decrease of -0.01% on the session with the lowest point at 7.4566 DKK and the highest point at 7.4587 DKK. The deviation from the price is +0.02% for the low point and -0.01% for the high point.7.4566
7.4587
7.4578
A study of price movements over other periods shows the following variations:
Near a new LOW record (5 years)
Type : Bearish
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 HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of EUR/DKK in 1H shows an overall slightly bearish trend. 46.43% of the signals given by moving averages are bullish. As the signals currently given by short-term moving averages are rather neutral, the overall trend could quickly return to neutral as well. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, according to the parameters integrated into the Central Analyzer system, only 9 technical indicators out of 18 analysed are currently bullish. The Central Indicators scanner found this result concerning these indicators:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near support of channel
Type : Bullish
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 | 7.4538 | 7.4554 | 7.4572 | 7.4578 | 7.4582 | 7.4593 | 7.4601 |
| Change (%) | -0.05% | -0.03% | -0.01% | - | +0.01% | +0.02% | +0.03% |
| Change | -0.0040 | -0.0024 | -0.0006 | - | +0.0004 | +0.0015 | +0.0023 |
| Level | Minor | Major | Minor | - | 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 | 7.4502 | 7.4532 | 7.4557 | 7.4587 | 7.4612 | 7.4642 | 7.4667 |
| Camarilla | 7.4568 | 7.4573 | 7.4578 | 7.4583 | 7.4588 | 7.4593 | 7.4598 |
| Woodie | 7.4501 | 7.4531 | 7.4556 | 7.4586 | 7.4611 | 7.4641 | 7.4666 |
| Fibonacci | 7.4532 | 7.4553 | 7.4566 | 7.4587 | 7.4608 | 7.4621 | 7.4642 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.4482 | 7.4510 | 7.4545 | 7.4573 | 7.4608 | 7.4636 | 7.4671 |
| Camarilla | 7.4563 | 7.4569 | 7.4574 | 7.4580 | 7.4586 | 7.4592 | 7.4597 |
| Woodie | 7.4486 | 7.4512 | 7.4549 | 7.4575 | 7.4612 | 7.4638 | 7.4675 |
| Fibonacci | 7.4510 | 7.4534 | 7.4549 | 7.4573 | 7.4597 | 7.4612 | 7.4636 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.4257 | 7.4386 | 7.4464 | 7.4593 | 7.4671 | 7.4800 | 7.4878 |
| Camarilla | 7.4485 | 7.4504 | 7.4523 | 7.4542 | 7.4561 | 7.4580 | 7.4599 |
| Woodie | 7.4232 | 7.4373 | 7.4439 | 7.4580 | 7.4646 | 7.4787 | 7.4853 |
| Fibonacci | 7.4386 | 7.4465 | 7.4514 | 7.4593 | 7.4672 | 7.4721 | 7.4800 |
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): | 50.91 | |
| MACD (12,26,9): | -0.0001 | |
| Directional Movement: | 1.5263 | |
| AROON (14): | -71.4286 | |
| DEMA (21): | 7.4574 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.4582 | |
| Elder Ray (13): | 0.0003 | |
| Super Trend (3,10): | 7.4588 | |
| Zig ZAG (10): | 7.4578 | |
| VORTEX (21): | 0.9837 | |
| Stochastique (14,3,5): | 62.66 | |
| TEMA (21): | 7.4574 | |
| Williams %R (14): | -29.41 | |
| Chande Momentum Oscillator (20): | -0.0001 | |
| Repulse (5,40,3): | 0.0021 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0004 | |
| Courbe Coppock: | 0.02 |
| MA7: | 7.4572 | |
| MA20: | 7.4561 | |
| MA50: | 7.4571 | |
| MA100: | 7.4572 | |
| MAexp7: | 7.4576 | |
| MAexp20: | 7.4576 | |
| MAexp50: | 7.4579 | |
| MAexp100: | 7.4577 | |
| Price / MA7: | +0.01% | |
| Price / MA20: | +0.02% | |
| Price / MA50: | +0.01% | |
| Price / MA100: | +0.01% | |
| Price / MAexp7: | +0.00% | |
| Price / MAexp20: | +0.00% | |
| Price / MAexp50: | +0.00% | |
| Price / MAexp100: | +0.00% |
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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