AUD/DKK - 1H - Technical analysis published on 03/22/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
11%
56%
33%
My opinion
Bearish under 4.6266 DKK
My targets
4.6102 DKK (-0.0055)
4.5911 DKK (-0.0246)
My analysis
The bearish basic trend is very strong on AUD/DKK but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 4.6266 DKK. Crossing the first support at 4.6102 DKK would be a sign of a further potential price plummet. Sellers would then use the next support located at 4.5911 DKK as an objective. Crossing it would then enable sellers to target 4.3781 DKK. Caution, a return to above the resistance located at 4.6266 DKK would be a sign of a possible consolidation phase of the short-term basic trend. 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, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
6.8
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
AUD/DKK rating 4.6157 DKK. The price registered a decrease of -0.01% on the session with the lowest point at 4.6074 DKK and the highest point at 4.6380 DKK. The deviation from the price is +0.18% for the low point and -0.48% for the high point.4.6074
4.6380
4.6157
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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
A technical analysis in 1H of this AUD/DKK chart shows a sharp bearish trend. 89.29% of the signals given by moving averages are bearish. This strongly bearish trend is showing signs of slowing down given the slightly bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators shows a bearish signal.
The Central Indicators scanner found this result concerning these indicators:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
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 | 4.3781 | 4.5911 | 4.6102 | 4.6157 | 4.6266 | 4.6518 | 4.6827 |
| Change (%) | -5.15% | -0.53% | -0.12% | - | +0.24% | +0.78% | +1.45% |
| Change | -0.2376 | -0.0246 | -0.0055 | - | +0.0109 | +0.0361 | +0.0670 |
| Level | Intermediate | Major | Minor | - | Minor | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.5173 | 4.5574 | 4.5869 | 4.6270 | 4.6565 | 4.6966 | 4.7261 |
| Camarilla | 4.5972 | 4.6035 | 4.6099 | 4.6163 | 4.6227 | 4.6291 | 4.6354 |
| Woodie | 4.5119 | 4.5548 | 4.5815 | 4.6244 | 4.6511 | 4.6940 | 4.7207 |
| Fibonacci | 4.5574 | 4.5840 | 4.6005 | 4.6270 | 4.6536 | 4.6701 | 4.6966 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.5057 | 4.5484 | 4.6110 | 4.6537 | 4.7163 | 4.7590 | 4.8216 |
| Camarilla | 4.6446 | 4.6543 | 4.6640 | 4.6736 | 4.6833 | 4.6929 | 4.7026 |
| Woodie | 4.5157 | 4.5534 | 4.6210 | 4.6587 | 4.7263 | 4.7640 | 4.8316 |
| Fibonacci | 4.5484 | 4.5886 | 4.6135 | 4.6537 | 4.6939 | 4.7188 | 4.7590 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.5307 | 4.6185 | 4.6773 | 4.7651 | 4.8239 | 4.9117 | 4.9705 |
| Camarilla | 4.6959 | 4.7093 | 4.7228 | 4.7362 | 4.7496 | 4.7631 | 4.7765 |
| Woodie | 4.5163 | 4.6113 | 4.6629 | 4.7579 | 4.8095 | 4.9045 | 4.9561 |
| Fibonacci | 4.6185 | 4.6745 | 4.7091 | 4.7651 | 4.8211 | 4.8557 | 4.9117 |
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): | 39.00 | |
| MACD (12,26,9): | -0.0031 | |
| Directional Movement: | -13.6356 | |
| AROON (14): | 50.0000 | |
| DEMA (21): | 4.6168 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.6351 | |
| Elder Ray (13): | -0.0078 | |
| Super Trend (3,10): | 4.6336 | |
| Zig ZAG (10): | 4.6147 | |
| VORTEX (21): | 1.0902 | |
| Stochastique (14,3,5): | 29.64 | |
| TEMA (21): | 4.6209 | |
| Williams %R (14): | -74.18 | |
| Chande Momentum Oscillator (20): | -0.0013 | |
| Repulse (5,40,3): | -0.1283 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0118 | |
| Courbe Coppock: | 0.40 |
| MA7: | 4.6487 | |
| MA20: | 4.6779 | |
| MA50: | 4.7567 | |
| MA100: | 4.7655 | |
| MAexp7: | 4.6193 | |
| MAexp20: | 4.6218 | |
| MAexp50: | 4.6325 | |
| MAexp100: | 4.6428 | |
| Price / MA7: | -0.71% | |
| Price / MA20: | -1.33% | |
| Price / MA50: | -2.96% | |
| Price / MA100: | -3.14% | |
| Price / MAexp7: | -0.08% | |
| Price / MAexp20: | -0.13% | |
| Price / MAexp50: | -0.36% | |
| Price / MAexp100: | -0.58% |
Quotes :
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Real time data
-
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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