AUD/DKK - 1H - Technical analysis published on 07/06/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Bullish
Technical indicators
72%
11%
17%
My opinion
Bullish above 4.5504 DKK
My targets
4.5807 DKK (+0.0147)
4.5911 DKK (+0.0251)
My analysis
With a bullish background trend, the price of AUD/DKK is trying to inflate a little with a slight short-term relapse. At this stage, no trend reversal is in sight. Globally, buyers have the upper hand. Traders could allow themselves to trade long positions (at the time of purchase) as long as the price remains above the support located at 4.5504 DKK. A bullish break in the resistance located at 4.5807 DKK would boost the bullish momentum and fuel the basic trend. Then the price could move towards 4.5911 DKK. Then 4.6836 DKK by extension. It would be safer to wait for a bullish break in the resistance located at 4.5807 DKK before allowing yourself to re trade long positions (at purchase) on AUD/DKK. PS: if there is a bearish break in the support located at 4.5504 DKK we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
3.4
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Additional analysis
Quotes
The AUD/DKK rating is 4.5660 DKK. The price registered a decrease of -0.01% on the session and was traded between 4.5643 DKK and 4.5806 DKK over the period. The price is currently at +0.04% from its lowest and -0.32% from its highest.4.5643
4.5806
4.5660
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
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
Technical analysis of this 1H chart of AUD/DKK indicates that the overall trend is bullish. 67.86% of the signals given by moving averages are bullish. Caution: the current slightly bearish signals from short-term moving averages indicate that the overall trend may be slowing down. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 13 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
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 which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4.5146 | 4.5239 | 4.5504 | 4.5660 | 4.5692 | 4.5807 | 4.5911 |
| Change (%) | -1.13% | -0.92% | -0.34% | - | +0.07% | +0.32% | +0.55% |
| Change | -0.0514 | -0.0421 | -0.0156 | - | +0.0032 | +0.0147 | +0.0251 |
| Level | Intermediate | Minor | Intermediate | - | Minor | Intermediate | Major |
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 | 4.5253 | 4.5399 | 4.5532 | 4.5678 | 4.5811 | 4.5957 | 4.6090 |
| Camarilla | 4.5588 | 4.5614 | 4.5639 | 4.5665 | 4.5691 | 4.5716 | 4.5742 |
| Woodie | 4.5247 | 4.5396 | 4.5526 | 4.5675 | 4.5805 | 4.5954 | 4.6084 |
| Fibonacci | 4.5399 | 4.5506 | 4.5571 | 4.5678 | 4.5785 | 4.5850 | 4.5957 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.4200 | 4.4588 | 4.5029 | 4.5417 | 4.5858 | 4.6246 | 4.6687 |
| Camarilla | 4.5241 | 4.5317 | 4.5393 | 4.5469 | 4.5545 | 4.5621 | 4.5697 |
| Woodie | 4.4226 | 4.4601 | 4.5055 | 4.5430 | 4.5884 | 4.6259 | 4.6713 |
| Fibonacci | 4.4588 | 4.4905 | 4.5101 | 4.5417 | 4.5734 | 4.5930 | 4.6246 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.2572 | 4.3774 | 4.4622 | 4.5824 | 4.6672 | 4.7874 | 4.8722 |
| Camarilla | 4.4905 | 4.5093 | 4.5281 | 4.5469 | 4.5657 | 4.5845 | 4.6033 |
| Woodie | 4.2394 | 4.3686 | 4.4444 | 4.5736 | 4.6494 | 4.7786 | 4.8544 |
| Fibonacci | 4.3774 | 4.4557 | 4.5041 | 4.5824 | 4.6607 | 4.7091 | 4.7874 |
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): | 57.37 | |
| MACD (12,26,9): | 0.0011 | |
| Directional Movement: | 14.3285 | |
| AROON (14): | 100.0000 | |
| DEMA (21): | 4.5704 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.5624 | |
| Elder Ray (13): | 0.0058 | |
| Super Trend (3,10): | 4.5599 | |
| Zig ZAG (10): | 4.5705 | |
| VORTEX (21): | 1.0124 | |
| Stochastique (14,3,5): | 84.22 | |
| TEMA (21): | 4.5702 | |
| Williams %R (14): | -47.52 | |
| Chande Momentum Oscillator (20): | 0.0046 | |
| Repulse (5,40,3): | -0.0391 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0015 | |
| Courbe Coppock: | 0.31 |
| MA7: | 4.5511 | |
| MA20: | 4.6047 | |
| MA50: | 4.5790 | |
| MA100: | 4.6032 | |
| MAexp7: | 4.5714 | |
| MAexp20: | 4.5698 | |
| MAexp50: | 4.5669 | |
| MAexp100: | 4.5611 | |
| Price / MA7: | +0.33% | |
| Price / MA20: | -0.84% | |
| Price / MA50: | -0.28% | |
| Price / MA100: | -0.81% | |
| Price / MAexp7: | -0.12% | |
| Price / MAexp20: | -0.08% | |
| Price / MAexp50: | -0.02% | |
| Price / MAexp100: | +0.11% |
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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