EUR/DKK - Daily - Technical analysis published on 03/07/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
22%
39%
39%
My opinion
Bullish above 7.4386 DKK
My targets
7.4460 DKK (+0.0035)
7.4554 DKK (+0.0129)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on EUR/DKK. As long as you are above the support located at 7.4386 DKK, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 7.4460 DKK would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 7.4554 DKK as an objective. Crossing it would then enable buyers to target 7.4593 DKK. If the support 7.4386 DKK were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
2.7
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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 EUR/DKK rating is 7.4425 DKK. On the day, this instrument gained +0.00% and was between 7.4424 DKK and 7.4429 DKK. This implies that the price is at +0.00% from its lowest and at -0.01% from its highest.7.4424
7.4429
7.4425
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this EUR/DKK chart shows a bullish trend. 75.00% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : Daily
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 7.4370 | 7.4386 | 7.4423 | 7.4425 | 7.4441 | 7.4460 | 7.4517 |
| Change (%) | -0.07% | -0.05% | +0.00% | - | +0.02% | +0.05% | +0.12% |
| Change | -0.0055 | -0.0039 | -0.0002 | - | +0.0016 | +0.0035 | +0.0092 |
| Level | Major | Intermediate | Major | - | Minor | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.4373 | 7.4388 | 7.4408 | 7.4423 | 7.4443 | 7.4458 | 7.4478 |
| Camarilla | 7.4418 | 7.4422 | 7.4425 | 7.4428 | 7.4431 | 7.4434 | 7.4438 |
| Woodie | 7.4376 | 7.4389 | 7.4411 | 7.4424 | 7.4446 | 7.4459 | 7.4481 |
| Fibonacci | 7.4388 | 7.4401 | 7.4410 | 7.4423 | 7.4436 | 7.4445 | 7.4458 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.4341 | 7.4373 | 7.4395 | 7.4427 | 7.4449 | 7.4481 | 7.4503 |
| Camarilla | 7.4401 | 7.4406 | 7.4411 | 7.4416 | 7.4421 | 7.4426 | 7.4431 |
| Woodie | 7.4335 | 7.4371 | 7.4389 | 7.4425 | 7.4443 | 7.4479 | 7.4497 |
| Fibonacci | 7.4373 | 7.4394 | 7.4407 | 7.4427 | 7.4448 | 7.4461 | 7.4481 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.4202 | 7.4291 | 7.4360 | 7.4449 | 7.4518 | 7.4607 | 7.4676 |
| Camarilla | 7.4387 | 7.4401 | 7.4416 | 7.4430 | 7.4445 | 7.4459 | 7.4474 |
| Woodie | 7.4193 | 7.4286 | 7.4351 | 7.4444 | 7.4509 | 7.4602 | 7.4667 |
| Fibonacci | 7.4291 | 7.4351 | 7.4388 | 7.4449 | 7.4509 | 7.4546 | 7.4607 |
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): | 48.14 | |
| MACD (12,26,9): | 0.0001 | |
| Directional Movement: | -0.7830 | |
| AROON (14): | -92.8571 | |
| DEMA (21): | 7.4439 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.4477 | |
| Elder Ray (13): | -0.0006 | |
| Super Trend (3,10): | 7.4400 | |
| Zig ZAG (10): | 7.4426 | |
| VORTEX (21): | 1.0146 | |
| Stochastique (14,3,5): | 15.34 | |
| TEMA (21): | 7.4429 | |
| Williams %R (14): | -81.97 | |
| Chande Momentum Oscillator (20): | -0.0037 | |
| Repulse (5,40,3): | 0.0003 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0018 | |
| Courbe Coppock: | 0.13 |
| MA7: | 7.4424 | |
| MA20: | 7.4450 | |
| MA50: | 7.4412 | |
| MA100: | 7.4399 | |
| MAexp7: | 7.4428 | |
| MAexp20: | 7.4434 | |
| MAexp50: | 7.4420 | |
| MAexp100: | 7.4406 | |
| Price / MA7: | +0.00% | |
| Price / MA20: | -0.03% | |
| Price / MA50: | +0.02% | |
| Price / MA100: | +0.03% | |
| Price / MAexp7: | +0.00% | |
| Price / MAexp20: | -0.01% | |
| Price / MAexp50: | +0.01% | |
| Price / MAexp100: | +0.03% |
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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