JPY/DKK

- DKK (-)

- Real time data - Forex

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Type:	Forex
Ticker:	JPYDKK
ISIN:

JPY/DKK - 1H - Technical analysis published on 02/14/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

33%

39%

28%

My opinion

Bearish under 0.04636 DKK

My targets

0.04612 DKK (-0.00005)

0.04578 DKK (-0.00039)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on JPY/DKK as long as the price remains well below 0.04636 DKK. The sellers' bearish objective is set at 0.04612 DKK. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.04578 DKK. In case of crossing, the next objective would be the support located at 0.04545 DKK. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.

Force

6.3

Comment on the analysis

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

JPY/DKK rating 0.04617 DKK. On the day, this instrument lost -0.02% and was traded between 0.04613 DKK and 0.04632 DKK over the period. The price is currently at +0.09% from its lowest and -0.32% from its highest.

0.04613

0.04632

0.04617

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The study of the highest / lowest by the Central Records scanner shows the following results:

Near a new LOW record (5 years)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 year)

Type : Bearish

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

A technical analysis in 1H of this JPY/DKK chart shows a sharp bearish trend. 92.86% 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.

The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour

The Central Indicators scanner found no further results concerning independent technical indicators.

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Near resistance of channel

Type : Bearish

Timeframe : 1 hour

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.04401	0.04545	0.04612	0.04617	0.04620	0.04636	0.04651
Change (%)	-4.68%	-1.56%	-0.11%	-	+0.06%	+0.41%	+0.74%
Change	-0.00216	-0.00072	-0.00005	-	+0.00003	+0.00019	+0.00034
Level	Major	Intermediate	Intermediate	-	Minor	Major	Intermediate

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	0.04584	0.04598	0.04608	0.04622	0.04632	0.04646	0.04656
Camarilla	0.04611	0.04614	0.04616	0.04618	0.04620	0.04622	0.04625
Woodie	0.04582	0.04597	0.04606	0.04621	0.04630	0.04645	0.04654
Fibonacci	0.04598	0.04607	0.04613	0.04622	0.04631	0.04637	0.04646

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.04533	0.04578	0.04604	0.04649	0.04675	0.04720	0.04746
Camarilla	0.04611	0.04617	0.04624	0.04630	0.04637	0.04643	0.04650
Woodie	0.04524	0.04573	0.04595	0.04644	0.04666	0.04715	0.04737
Fibonacci	0.04578	0.04605	0.04622	0.04649	0.04676	0.04693	0.04720

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.04397	0.04501	0.04598	0.04702	0.04799	0.04903	0.05000
Camarilla	0.04639	0.04657	0.04676	0.04694	0.04712	0.04731	0.04749
Woodie	0.04393	0.04499	0.04594	0.04700	0.04795	0.04901	0.04996
Fibonacci	0.04501	0.04578	0.04626	0.04702	0.04779	0.04827	0.04903

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):	43.93
MACD (12,26,9):	0.0000
Directional Movement:	1.67485
AROON (14):	-64.28571
DEMA (21):	0.04616
Parabolic SAR (0,02-0,02-0,2):	0.04622
Elder Ray (13):	-0.00002
Super Trend (3,10):	0.04627
Zig ZAG (10):	0.04617
VORTEX (21):	0.9318
Stochastique (14,3,5):	14.15
TEMA (21):	0.04615
Williams %R (14):	-73.33
Chande Momentum Oscillator (20):	-0.00008
Repulse (5,40,3):	0.0133
ROCnROLL:	2
TRIX (15,9):	-0.0059
Courbe Coppock:	0.39

MA7:	0.04642
MA20:	0.04648
MA50:	0.04701
MA100:	0.04685
MAexp7:	0.04616
MAexp20:	0.04619
MAexp50:	0.04623
MAexp100:	0.04631
Price / MA7:	-0.54%
Price / MA20:	-0.67%
Price / MA50:	-1.79%
Price / MA100:	-1.45%
Price / MAexp7:	+0.02%
Price / MAexp20:	-0.04%
Price / MAexp50:	-0.13%
Price / MAexp100:	-0.30%

Quotes : - Real time data - Forex

This member declared not having a position on this financial instrument or a related financial instrument.

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