AUD/DKK - Daily - Technical analysis published on 06/18/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 4.5911 DKK
My targets
4.7436 DKK (+0.0595)
4.8692 DKK (+0.1851)
My analysis
AUD/DKK is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 4.5911 DKK. The next resistance located at 4.7436 DKK is the next bullish target to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 4.8692 DKK. After this resistance, buyers could then target 5.0270 DKK.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
5.7
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The AUD/DKK rating is 4.6841 DKK. The price has increased by +0.00% since the last closing with the lowest point at 4.6807 DKK and the highest point at 4.6889 DKK. The deviation from the price is +0.07% for the low point and -0.10% for the high point.4.6807
4.6889
4.6841
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend 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 (1st january)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of AUD/DKK in Daily shows an overall bullish trend. The signals returned by the moving averages are 67.86% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The probability of a further increase is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near resistance of channel
Type : Bearish
Timeframe : Daily
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 | 4.5146 | 4.5911 | 4.6828 | 4.6841 | 4.7436 | 4.8692 | 5.0270 |
| Change (%) | -3.62% | -1.99% | -0.03% | - | +1.27% | +3.95% | +7.32% |
| Change | -0.1695 | -0.0930 | -0.0013 | - | +0.0595 | +0.1851 | +0.3429 |
| Level | Minor | Major | Intermediate | - | 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 | 4.6467 | 4.6577 | 4.6710 | 4.6820 | 4.6953 | 4.7063 | 4.7196 |
| Camarilla | 4.6776 | 4.6799 | 4.6821 | 4.6843 | 4.6865 | 4.6888 | 4.6910 |
| Woodie | 4.6479 | 4.6583 | 4.6722 | 4.6826 | 4.6965 | 4.7069 | 4.7208 |
| Fibonacci | 4.6577 | 4.6670 | 4.6727 | 4.6820 | 4.6913 | 4.6970 | 4.7063 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.6173 | 4.6380 | 4.6612 | 4.6819 | 4.7051 | 4.7258 | 4.7490 |
| Camarilla | 4.6722 | 4.6763 | 4.6803 | 4.6843 | 4.6883 | 4.6924 | 4.6964 |
| Woodie | 4.6185 | 4.6386 | 4.6624 | 4.6825 | 4.7063 | 4.7264 | 4.7502 |
| Fibonacci | 4.6380 | 4.6548 | 4.6652 | 4.6819 | 4.6987 | 4.7091 | 4.7258 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.3085 | 4.3864 | 4.4590 | 4.5369 | 4.6095 | 4.6874 | 4.7600 |
| Camarilla | 4.4901 | 4.5039 | 4.5177 | 4.5315 | 4.5453 | 4.5591 | 4.5729 |
| Woodie | 4.3058 | 4.3851 | 4.4563 | 4.5356 | 4.6068 | 4.6861 | 4.7573 |
| Fibonacci | 4.3864 | 4.4439 | 4.4794 | 4.5369 | 4.5944 | 4.6299 | 4.6874 |
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): | 67.03 | |
| MACD (12,26,9): | 0.0338 | |
| Directional Movement: | 18.3166 | |
| AROON (14): | 78.5714 | |
| DEMA (21): | 4.6695 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.6380 | |
| Elder Ray (13): | 0.0357 | |
| Super Trend (3,10): | 4.5927 | |
| Zig ZAG (10): | 4.6835 | |
| VORTEX (21): | 1.1519 | |
| Stochastique (14,3,5): | 90.28 | |
| TEMA (21): | 4.6968 | |
| Williams %R (14): | -10.08 | |
| Chande Momentum Oscillator (20): | 0.1304 | |
| Repulse (5,40,3): | 0.2351 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0818 | |
| Courbe Coppock: | 5.73 |
| MA7: | 4.6783 | |
| MA20: | 4.6083 | |
| MA50: | 4.5718 | |
| MA100: | 4.6357 | |
| MAexp7: | 4.6708 | |
| MAexp20: | 4.6296 | |
| MAexp50: | 4.6066 | |
| MAexp100: | 4.6397 | |
| Price / MA7: | +0.12% | |
| Price / MA20: | +1.64% | |
| Price / MA50: | +2.46% | |
| Price / MA100: | +1.04% | |
| Price / MAexp7: | +0.28% | |
| Price / MAexp20: | +1.18% | |
| Price / MAexp50: | +1.68% | |
| Price / MAexp100: | +0.96% |
Quotes :
-
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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