Londinia Opportunities Analyses - 05/07/2024 (GMT) EUR/DKK - 1H
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
- FX/Indices
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
56%
6%
39%
My opinion
Bullish above 7.4590 DKK
My targets
7.4601 DKK (+0.0006)
7.4617 DKK (+0.0022)
My analysis
The bullish trend is currently very strong on EUR/DKK. As long as the price remains above the support at 7.4590 DKK, you could try to benefit from the boom. The first bullish objective is located at 7.4601 DKK. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 7.4617 DKK as an objective. Crossing it would then enable buyers to target 7.4648 DKK. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
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
7.7
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Additional analysis
Quotes
The EUR/DKK rating is 7.4595 DKK. The price registered an increase of +0.00% on the session and was traded between 7.4594 DKK and 7.4595 DKK over the period. The price is currently at +0.00% from its lowest and 0% from its highest.7.4594
7.4595
7.4595
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by EUR/DKK:
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 this 1H chart of EUR/DKK indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. 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, 10 technical indicators out of 18 analysed are currently bullish. The Central Indicators scanner found no further results concerning independent technical indicators.
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 7.4587 | 7.4590 | 7.4593 | 7.4595 | 7.4596 | 7.4601 | 7.4605 |
| Change (%) | -0.01% | -0.01% | +0.00% | - | +0.00% | +0.01% | +0.01% |
| Change | -0.0008 | -0.0005 | -0.0002 | - | +0.0001 | +0.0006 | +0.0010 |
| Level | Minor | Major | Major | - | Intermediate | Minor | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.4562 | 7.4570 | 7.4582 | 7.4590 | 7.4602 | 7.4610 | 7.4622 |
| Camarilla | 7.4589 | 7.4590 | 7.4592 | 7.4594 | 7.4596 | 7.4598 | 7.4600 |
| Woodie | 7.4564 | 7.4571 | 7.4584 | 7.4591 | 7.4604 | 7.4611 | 7.4624 |
| Fibonacci | 7.4570 | 7.4578 | 7.4582 | 7.4590 | 7.4598 | 7.4602 | 7.4610 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.4549 | 7.4560 | 7.4574 | 7.4585 | 7.4599 | 7.4610 | 7.4624 |
| Camarilla | 7.4581 | 7.4583 | 7.4586 | 7.4588 | 7.4590 | 7.4593 | 7.4595 |
| Woodie | 7.4551 | 7.4561 | 7.4576 | 7.4586 | 7.4601 | 7.4611 | 7.4626 |
| Fibonacci | 7.4560 | 7.4570 | 7.4576 | 7.4585 | 7.4595 | 7.4601 | 7.4610 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.4500 | 7.4533 | 7.4559 | 7.4592 | 7.4618 | 7.4651 | 7.4677 |
| Camarilla | 7.4569 | 7.4574 | 7.4580 | 7.4585 | 7.4590 | 7.4596 | 7.4601 |
| Woodie | 7.4497 | 7.4531 | 7.4556 | 7.4590 | 7.4615 | 7.4649 | 7.4674 |
| Fibonacci | 7.4533 | 7.4556 | 7.4570 | 7.4592 | 7.4615 | 7.4629 | 7.4651 |
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): | 57.10 | |
| MACD (12,26,9): | 0.0002 | |
| Directional Movement: | 3.2373 | |
| AROON (14): | 64.2857 | |
| DEMA (21): | 7.4594 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.4587 | |
| Elder Ray (13): | 0.0002 | |
| Super Trend (3,10): | 7.4585 | |
| Zig ZAG (10): | 7.4594 | |
| VORTEX (21): | 1.0519 | |
| Stochastique (14,3,5): | 62.70 | |
| TEMA (21): | 7.4595 | |
| Williams %R (14): | -27.27 | |
| Chande Momentum Oscillator (20): | 0.0007 | |
| Repulse (5,40,3): | 0.0028 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0003 | |
| Courbe Coppock: | 0.02 |
| MA7: | 7.4585 | |
| MA20: | 7.4594 | |
| MA50: | 7.4580 | |
| MA100: | 7.4569 | |
| MAexp7: | 7.4593 | |
| MAexp20: | 7.4591 | |
| MAexp50: | 7.4589 | |
| MAexp100: | 7.4587 | |
| Price / MA7: | +0.01% | |
| Price / MA20: | +0.00% | |
| Price / MA50: | +0.02% | |
| Price / MA100: | +0.03% | |
| Price / MAexp7: | +0.00% | |
| Price / MAexp20: | +0.01% | |
| Price / MAexp50: | +0.01% | |
| Price / MAexp100: | +0.01% |
Quotes :
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Real time data
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Forex