AUD/DKK - Daily - Technical analysis published on 08/10/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
11%
56%
33%
My opinion
Bearish under 4.4597 DKK
My targets
4.3927 DKK (-0.0412)
4.2950 DKK (-0.1389)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on AUD/DKK as long as the price remains well below 4.4597 DKK. The sellers' bearish objective is set at 4.3927 DKK. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 4.2950 DKK. In case of crossing, the next objective would be the support located at 3.9532 DKK. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
7.1
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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 price is 4.4339 DKK. The price registered a decrease of -0.04% on the session and was between 4.4290 DKK and 4.4583 DKK. This implies that the price is at +0.11% from its lowest and at -0.55% from its highest.4.4290
4.4583
4.4339
A study of price movements over other periods shows the following variations:
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
Abnormal volumes on AUD/DKK were detected by the Central Volumes scanner:
Abnormal volumes
Timeframe : 5 days
Technical
Technical analysis of AUD/DKK in Daily shows a overall strongly bearish trend. 89.29% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
Technical indicators are bearish. There is still some doubt about the decline in the price.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
Near support of channel
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 3.5742 | 3.9532 | 4.4339 | 4.4597 | 4.5025 | 4.5911 |
| Change (%) | -19.39% | -10.84% | - | +0.58% | +1.55% | +3.55% |
| Change | -0.8597 | -0.4807 | - | +0.0258 | +0.0686 | +0.1572 |
| Level | Minor | Major | - | Minor | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.3850 | 4.4051 | 4.4204 | 4.4405 | 4.4558 | 4.4759 | 4.4912 |
| Camarilla | 4.4260 | 4.4292 | 4.4325 | 4.4357 | 4.4390 | 4.4422 | 4.4454 |
| Woodie | 4.3826 | 4.4039 | 4.4180 | 4.4393 | 4.4534 | 4.4747 | 4.4888 |
| Fibonacci | 4.4051 | 4.4186 | 4.4270 | 4.4405 | 4.4540 | 4.4624 | 4.4759 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.2950 | 4.3696 | 4.4083 | 4.4829 | 4.5216 | 4.5962 | 4.6349 |
| Camarilla | 4.4159 | 4.4263 | 4.4367 | 4.4471 | 4.4575 | 4.4679 | 4.4783 |
| Woodie | 4.2772 | 4.3606 | 4.3905 | 4.4739 | 4.5038 | 4.5872 | 4.6171 |
| Fibonacci | 4.3696 | 4.4129 | 4.4396 | 4.4829 | 4.5262 | 4.5529 | 4.5962 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.3927 | 4.4402 | 4.4955 | 4.5430 | 4.5983 | 4.6458 | 4.7011 |
| Camarilla | 4.5225 | 4.5320 | 4.5414 | 4.5508 | 4.5602 | 4.5697 | 4.5791 |
| Woodie | 4.3966 | 4.4422 | 4.4994 | 4.5450 | 4.6022 | 4.6478 | 4.7050 |
| Fibonacci | 4.4402 | 4.4795 | 4.5037 | 4.5430 | 4.5823 | 4.6065 | 4.6458 |
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): | 37.50 | |
| MACD (12,26,9): | -0.0318 | |
| Directional Movement: | -9.7321 | |
| AROON (14): | -71.4286 | |
| DEMA (21): | 4.4519 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.5254 | |
| Elder Ray (13): | -0.0296 | |
| Super Trend (3,10): | 4.5572 | |
| Zig ZAG (10): | 4.4325 | |
| VORTEX (21): | 0.8974 | |
| Stochastique (14,3,5): | 10.70 | |
| TEMA (21): | 4.4351 | |
| Williams %R (14): | -92.14 | |
| Chande Momentum Oscillator (20): | -0.1447 | |
| Repulse (5,40,3): | -0.8687 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0780 | |
| Courbe Coppock: | 3.52 |
| MA7: | 4.4466 | |
| MA20: | 4.4995 | |
| MA50: | 4.5575 | |
| MA100: | 4.5567 | |
| MAexp7: | 4.4523 | |
| MAexp20: | 4.4907 | |
| MAexp50: | 4.5311 | |
| MAexp100: | 4.5756 | |
| Price / MA7: | -0.29% | |
| Price / MA20: | -1.46% | |
| Price / MA50: | -2.71% | |
| Price / MA100: | -2.69% | |
| Price / MAexp7: | -0.41% | |
| Price / MAexp20: | -1.26% | |
| Price / MAexp50: | -2.15% | |
| Price / MAexp100: | -3.10% |
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.
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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