USD/DKK - 1H - Technical analysis published on 11/10/2023 (GMT)
- 120
- 0
- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Slightly bullish
Technical indicators
11%
44%
44%
My opinion
Neutral between 6.9641 DKK and 6.9962 DKK
My targets
-
My analysis
The neutral short-term trend shows a weakening of the basic, slightly bullish trend on USD/DKK. It is difficult to advise a trading direction under these conditions. The first resistance is located at 6.9962 DKK. The first support is located at 6.9641 DKK. We can 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, technical indicators are bearish and could soon allow change to a bearish sentiment.
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This analysis was given by hannahfreeman. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
USD/DKK rating 6.9814 DKK. The price registered a decrease of -0.14% on the session and was between 6.9773 DKK and 6.9988 DKK. This implies that the price is at +0.06% from its lowest and at -0.25% from its highest.6.9773
6.9988
6.9814
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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 this 1H chart of USD/DKK indicates that the overall trend is slightly bullish. Only 46.43% of the signals given by moving averages are bullish. This slightly bullish trend could return to neutral given the neutral signals also given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators shows a slightly bearish signal.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Bearish engulfing lines
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 6.8196 | 6.9344 | 6.9641 | 6.9814 | 6.9831 | 6.9962 | 7.0200 |
| Change (%) | -2.32% | -0.67% | -0.25% | - | +0.02% | +0.21% | +0.55% |
| Change | -0.1618 | -0.0470 | -0.0173 | - | +0.0017 | +0.0148 | +0.0386 |
| Level | Minor | Intermediate | Major | - | Minor | Major | Minor |
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 | 6.9235 | 6.9387 | 6.9649 | 6.9801 | 7.0063 | 7.0215 | 7.0477 |
| Camarilla | 6.9797 | 6.9835 | 6.9873 | 6.9911 | 6.9949 | 6.9987 | 7.0025 |
| Woodie | 6.9290 | 6.9415 | 6.9704 | 6.9829 | 7.0118 | 7.0243 | 7.0532 |
| Fibonacci | 6.9387 | 6.9545 | 6.9643 | 6.9801 | 6.9959 | 7.0057 | 7.0215 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.7435 | 6.8433 | 6.8979 | 6.9977 | 7.0523 | 7.1521 | 7.2067 |
| Camarilla | 6.9100 | 6.9242 | 6.9384 | 6.9525 | 6.9667 | 6.9808 | 6.9950 |
| Woodie | 6.7209 | 6.8320 | 6.8753 | 6.9864 | 7.0297 | 7.1408 | 7.1841 |
| Fibonacci | 6.8433 | 6.9023 | 6.9387 | 6.9977 | 7.0567 | 7.0931 | 7.1521 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.8172 | 6.8981 | 6.9770 | 7.0579 | 7.1368 | 7.2177 | 7.2966 |
| Camarilla | 7.0121 | 7.0267 | 7.0414 | 7.0560 | 7.0707 | 7.0853 | 7.1000 |
| Woodie | 6.8163 | 6.8976 | 6.9761 | 7.0574 | 7.1359 | 7.2172 | 7.2957 |
| Fibonacci | 6.8981 | 6.9591 | 6.9968 | 7.0579 | 7.1189 | 7.1566 | 7.2177 |
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): | 45.31 | |
| MACD (12,26,9): | 0.0023 | |
| Directional Movement: | 2.7619 | |
| AROON (14): | -28.5714 | |
| DEMA (21): | 6.9876 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.9773 | |
| Elder Ray (13): | -0.0015 | |
| Super Trend (3,10): | 6.9745 | |
| Zig ZAG (10): | 6.9776 | |
| VORTEX (21): | 1.1365 | |
| Stochastique (14,3,5): | 13.99 | |
| TEMA (21): | 6.9873 | |
| Williams %R (14): | -98.14 | |
| Chande Momentum Oscillator (20): | -0.0123 | |
| Repulse (5,40,3): | -0.2108 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0090 | |
| Courbe Coppock: | 0.02 |
| MA7: | 6.9783 | |
| MA20: | 7.0262 | |
| MA50: | 7.0220 | |
| MA100: | 6.9078 | |
| MAexp7: | 6.9840 | |
| MAexp20: | 6.9838 | |
| MAexp50: | 6.9793 | |
| MAexp100: | 6.9807 | |
| Price / MA7: | +0.04% | |
| Price / MA20: | -0.64% | |
| Price / MA50: | -0.58% | |
| Price / MA100: | +1.07% | |
| Price / MAexp7: | -0.03% | |
| Price / MAexp20: | -0.03% | |
| Price / MAexp50: | +0.03% | |
| Price / MAexp100: | +0.01% |
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.
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