EUR/DKK - 1H - Technical analysis published on 08/04/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
22%
56%
My opinion
Bearish under 7.4373 DKK
My targets
7.4361 DKK (-0.0008)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on EUR/DKK as long as the price remains well below 7.4373 DKK. The sellers' bearish objective is set at 7.4361 DKK. A bearish break of this support would revive the bearish momentum. 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, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
5.7
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
EUR/DKK rating 7.4369 DKK. The price is lower by -0.01% since the last closing and was traded between 7.4364 DKK and 7.4383 DKK over the period. The price is currently at +0.01% from its lowest and -0.02% from its highest.7.4364
7.4383
7.4369
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
A technical analysis in 1H of this EUR/DKK chart shows a sharp bearish trend. 85.71% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near support of triangle
Type : Bullish
Timeframe : 1 hour
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 7.4329 | 7.4361 | 7.4366 | 7.4369 | 7.4370 | 7.4373 | 7.4378 |
| Change (%) | -0.05% | -0.01% | +0.00% | - | +0.00% | +0.01% | +0.01% |
| Change | -0.0040 | -0.0008 | -0.0003 | - | +0.0001 | +0.0004 | +0.0009 |
| Level | Major | Major | Minor | - | Minor | Major | Minor |
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 | 7.4349 | 7.4361 | 7.4369 | 7.4381 | 7.4389 | 7.4401 | 7.4409 |
| Camarilla | 7.4373 | 7.4374 | 7.4376 | 7.4378 | 7.4380 | 7.4382 | 7.4384 |
| Woodie | 7.4348 | 7.4360 | 7.4368 | 7.4380 | 7.4388 | 7.4400 | 7.4408 |
| Fibonacci | 7.4361 | 7.4368 | 7.4373 | 7.4381 | 7.4388 | 7.4393 | 7.4401 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.4336 | 7.4350 | 7.4367 | 7.4381 | 7.4398 | 7.4412 | 7.4429 |
| Camarilla | 7.4377 | 7.4379 | 7.4382 | 7.4385 | 7.4388 | 7.4391 | 7.4394 |
| Woodie | 7.4339 | 7.4351 | 7.4370 | 7.4382 | 7.4401 | 7.4413 | 7.4432 |
| Fibonacci | 7.4350 | 7.4362 | 7.4369 | 7.4381 | 7.4393 | 7.4400 | 7.4412 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.4308 | 7.4327 | 7.4356 | 7.4375 | 7.4404 | 7.4423 | 7.4452 |
| Camarilla | 7.4372 | 7.4376 | 7.4381 | 7.4385 | 7.4389 | 7.4394 | 7.4398 |
| Woodie | 7.4313 | 7.4330 | 7.4361 | 7.4378 | 7.4409 | 7.4426 | 7.4457 |
| Fibonacci | 7.4327 | 7.4345 | 7.4357 | 7.4375 | 7.4393 | 7.4405 | 7.4423 |
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): | 42.00 | |
| MACD (12,26,9): | -0.0002 | |
| Directional Movement: | 5.5660 | |
| AROON (14): | 14.2857 | |
| DEMA (21): | 7.4376 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.4386 | |
| Elder Ray (13): | 0.0002 | |
| Super Trend (3,10): | 7.4385 | |
| Zig ZAG (10): | 7.4378 | |
| VORTEX (21): | 0.8810 | |
| Stochastique (14,3,5): | 33.33 | |
| TEMA (21): | 7.4375 | |
| Williams %R (14): | -50.00 | |
| Chande Momentum Oscillator (20): | 0.0003 | |
| Repulse (5,40,3): | 0.0011 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0004 | |
| Courbe Coppock: | 0.00 |
| MA7: | 7.4380 | |
| MA20: | 7.4377 | |
| MA50: | 7.4369 | |
| MA100: | 7.4368 | |
| MAexp7: | 7.4376 | |
| MAexp20: | 7.4377 | |
| MAexp50: | 7.4380 | |
| MAexp100: | 7.4380 | |
| Price / MA7: | -0.01% | |
| Price / MA20: | -0.01% | |
| Price / MA50: | -0% | |
| Price / MA100: | +0.00% | |
| Price / MAexp7: | -0.01% | |
| Price / MAexp20: | -0.01% | |
| Price / MAexp50: | -0.01% | |
| Price / MAexp100: | -0.01% |
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.
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