JPY/DKK

- DKK (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Forex
Ticker:	JPYDKK
ISIN:

JPY/DKK - 1H - Technical analysis published on 04/17/2024 (GMT)

Londinia

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

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bearish

Technical indicators

33%

28%

39%

My opinion

Bearish under 0.04545 DKK

My targets

0.04531 DKK (-0.00009)

0.04521 DKK (-0.00019)

My analysis

We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on JPY/DKK. As long as you are under the resistance located at 0.04545 DKK, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 0.04531 DKK would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 0.04521 DKK as an objective. Crossing it would then enable sellers to target 0.04401 DKK. If the resistance 0.04545 DKK were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.

Force

2.7

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

The JPY/DKK price is 0.04540 DKK. The price registered a decrease of -0.02% on the session and was traded between 0.04529 DKK and 0.04552 DKK over the period. The price is currently at +0.24% from its lowest and -0.26% from its highest.

0.04529

0.04552

0.04540

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

The Central Records scanner for higher/lower results shows the following items:

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 LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of JPY/DKK in 1H shows an overall bearish trend. The signals given by moving averages are 67.86% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 1 hour

In fact, of the 18 technical indicators analysed by Central Analyzer, 6 are bullish, 7 are neutral and 5 are bearish. Caution: the Central Indicators scanner currently detects an excess:

MACD indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

MACD crosses UP its Moving Average

Type : Bullish

Timeframe : 1 hour

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Near support of triangle

Type : Bullish

Timeframe : 1 hour

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.04401	0.04521	0.04531	0.04540	0.04545	0.04558	0.04582
Change (%)	-3.06%	-0.42%	-0.20%	-	+0.11%	+0.40%	+0.93%
Change	-0.00139	-0.00019	-0.00009	-	+0.00005	+0.00018	+0.00042
Level	Intermediate	Minor	Intermediate	-	Major	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	0.04502	0.04516	0.04529	0.04543	0.04556	0.04570	0.04583
Camarilla	0.04534	0.04536	0.04539	0.04541	0.04544	0.04546	0.04548
Woodie	0.04501	0.04516	0.04528	0.04543	0.04555	0.04570	0.04582
Fibonacci	0.04516	0.04527	0.04533	0.04543	0.04554	0.04560	0.04570

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.04448	0.04482	0.04529	0.04563	0.04610	0.04644	0.04691
Camarilla	0.04554	0.04561	0.04569	0.04576	0.04583	0.04591	0.04598
Woodie	0.04455	0.04485	0.04536	0.04566	0.04617	0.04647	0.04698
Fibonacci	0.04482	0.04513	0.04532	0.04563	0.04594	0.04613	0.04644

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.04357	0.04433	0.04500	0.04576	0.04643	0.04719	0.04786
Camarilla	0.04527	0.04540	0.04553	0.04566	0.04579	0.04592	0.04605
Woodie	0.04352	0.04431	0.04495	0.04574	0.04638	0.04717	0.04781
Fibonacci	0.04433	0.04488	0.04522	0.04576	0.04631	0.04665	0.04719

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	49.04
MACD (12,26,9):	0.0000
Directional Movement:	6.94538
AROON (14):	-50.00000
DEMA (21):	0.04535
Parabolic SAR (0,02-0,02-0,2):	0.04542
Elder Ray (13):	0.00001
Super Trend (3,10):	0.04550
Zig ZAG (10):	0.04539
VORTEX (21):	0.9643
Stochastique (14,3,5):	31.88
TEMA (21):	0.04536
Williams %R (14):	-52.17
Chande Momentum Oscillator (20):	-0.00001
Repulse (5,40,3):	0.1697
ROCnROLL:	-1
TRIX (15,9):	-0.0073
Courbe Coppock:	0.19

MA7:	0.04545
MA20:	0.04549
MA50:	0.04577
MA100:	0.04640
MAexp7:	0.04537
MAexp20:	0.04538
MAexp50:	0.04543
MAexp100:	0.04545
Price / MA7:	-0.11%
Price / MA20:	-0.20%
Price / MA50:	-0.81%
Price / MA100:	-2.16%
Price / MAexp7:	+0.07%
Price / MAexp20:	+0.04%
Price / MAexp50:	-0.07%
Price / MAexp100:	-0.11%

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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