USD/DKK - Daily - Technical analysis published on 08/17/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 6.7549 DKK
My targets
6.9650 DKK (+0.1138)
7.0577 DKK (+0.2065)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on USD/DKK as long as the price remains well above 6.7549 DKK. The buyers' bullish objective is set at 6.9650 DKK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 7.0577 DKK. If there is any crossing, the next objective would be the resistance located at 7.1545 DKK.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
5.7
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Additional analysis
Quotes
USD/DKK rating 6.8512 DKK. On the day, this instrument lost -0.02% and was traded between 6.8445 DKK and 6.8601 DKK over the period. The price is currently at +0.10% from its lowest and -0.13% from its highest.6.8445
6.8601
6.8512
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by USD/DKK:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of USD/DKK indicates that the overall trend is bullish. The signals returned by the moving averages are 64.29% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish trend reversal : adaptative moving average 100
Type : Bullish
Timeframe : Daily
In fact, 14 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Ichimoku : price is over the cloud
Type : Bullish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
From the Japanese candlestick perspective, the Central Candlesticks scanner notes the presence of these results that could impact the short-term trend:
Bearish harami
Type : Bearish
Timeframe : Daily
Doji
Type : Neutral
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 6.6296 | 6.7549 | 6.8501 | 6.8512 | 6.9650 | 7.0577 | 7.1545 |
| Change (%) | -3.23% | -1.41% | -0.02% | - | +1.66% | +3.01% | +4.43% |
| Change | -0.2216 | -0.0963 | -0.0011 | - | +0.1138 | +0.2065 | +0.3033 |
| Level | Minor | Minor | Major | - | Major | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.7869 | 6.8009 | 6.8266 | 6.8406 | 6.8663 | 6.8803 | 6.9060 |
| Camarilla | 6.8414 | 6.8450 | 6.8487 | 6.8523 | 6.8559 | 6.8596 | 6.8632 |
| Woodie | 6.7928 | 6.8038 | 6.8325 | 6.8435 | 6.8722 | 6.8832 | 6.9119 |
| Fibonacci | 6.8009 | 6.8161 | 6.8254 | 6.8406 | 6.8558 | 6.8651 | 6.8803 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.6649 | 6.6995 | 6.7485 | 6.7831 | 6.8321 | 6.8667 | 6.9157 |
| Camarilla | 6.7746 | 6.7823 | 6.7899 | 6.7976 | 6.8053 | 6.8129 | 6.8206 |
| Woodie | 6.6722 | 6.7031 | 6.7558 | 6.7867 | 6.8394 | 6.8703 | 6.9230 |
| Fibonacci | 6.6995 | 6.7314 | 6.7511 | 6.7831 | 6.8150 | 6.8347 | 6.8667 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.3631 | 6.4855 | 6.6310 | 6.7534 | 6.8989 | 7.0213 | 7.1668 |
| Camarilla | 6.7027 | 6.7273 | 6.7518 | 6.7764 | 6.8010 | 6.8255 | 6.8501 |
| Woodie | 6.3746 | 6.4913 | 6.6425 | 6.7592 | 6.9104 | 7.0271 | 7.1783 |
| Fibonacci | 6.4855 | 6.5879 | 6.6511 | 6.7534 | 6.8558 | 6.9190 | 7.0213 |
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): | 62.92 | |
| MACD (12,26,9): | 0.0188 | |
| Directional Movement: | 10.1593 | |
| AROON (14): | 35.7143 | |
| DEMA (21): | 6.8134 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.7433 | |
| Elder Ray (13): | 0.0445 | |
| Super Trend (3,10): | 6.7251 | |
| Zig ZAG (10): | 6.8489 | |
| VORTEX (21): | 1.2192 | |
| Stochastique (14,3,5): | 93.02 | |
| TEMA (21): | 6.8429 | |
| Williams %R (14): | -8.33 | |
| Chande Momentum Oscillator (20): | 0.0800 | |
| Repulse (5,40,3): | 0.6449 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0165 | |
| Courbe Coppock: | 2.11 |
| MA7: | 6.8197 | |
| MA20: | 6.7860 | |
| MA50: | 6.7882 | |
| MA100: | 6.8152 | |
| MAexp7: | 6.8266 | |
| MAexp20: | 6.7957 | |
| MAexp50: | 6.7972 | |
| MAexp100: | 6.8387 | |
| Price / MA7: | +0.46% | |
| Price / MA20: | +0.96% | |
| Price / MA50: | +0.93% | |
| Price / MA100: | +0.53% | |
| Price / MAexp7: | +0.36% | |
| Price / MAexp20: | +0.82% | |
| Price / MAexp50: | +0.79% | |
| Price / MAexp100: | +0.18% |
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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