EUR/DKK - 1H - Technical analysis published on 08/06/2023 (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:
Bearish
Underlying:
Bearish
Technical indicators
33%
28%
39%
My opinion
Bearish under 7.4525 DKK
My targets
7.4500 DKK (-0.0013)
7.4423 DKK (-0.0090)
My analysis
All elements being rather 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 7.4525 DKK. The next bearish objective for sellers is set at 7.4500 DKK. A bearish break of this support would revive the bearish momentum. Sellers could then target the next support located at 7.4423 DKK. If there is any crossing, the next objective would be the support located at 7.4395 DKK. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bearish, basic trend. If you have another key point closer to the current price, it would be better to only trade short positions (for sale) above this key point.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
4.1
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Additional analysis
Quotes
The EUR/DKK price is 7.4513 DKK. On the day, this instrument gained +0.00% and was between 7.4512 DKK and 7.4520 DKK. This implies that the price is at +0.00% from its lowest and at -0.01% from its highest.7.4512
7.4520
7.4513
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
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 HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of EUR/DKK indicates that the overall trend is bearish. 75.00% of the signals given by moving averages are bearish. This bearish trend is slowing down slightly given the slightly bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 6 are bullish, 7 are neutral and 5 are bearish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal support
Type : Bullish
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 | 7.4460 | 7.4500 | 7.4510 | 7.4513 | 7.4517 | 7.4525 | 7.4539 |
| Change (%) | -0.07% | -0.02% | +0.00% | - | +0.01% | +0.02% | +0.03% |
| Change | -0.0053 | -0.0013 | -0.0003 | - | +0.0004 | +0.0012 | +0.0026 |
| Level | Intermediate | Major | Intermediate | - | Major | 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 | 7.4476 | 7.4488 | 7.4502 | 7.4514 | 7.4528 | 7.4540 | 7.4554 |
| Camarilla | 7.4508 | 7.4510 | 7.4513 | 7.4515 | 7.4517 | 7.4520 | 7.4522 |
| Woodie | 7.4476 | 7.4489 | 7.4502 | 7.4515 | 7.4528 | 7.4541 | 7.4554 |
| Fibonacci | 7.4488 | 7.4498 | 7.4504 | 7.4514 | 7.4524 | 7.4530 | 7.4540 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.4440 | 7.4470 | 7.4493 | 7.4523 | 7.4546 | 7.4576 | 7.4599 |
| Camarilla | 7.4500 | 7.4505 | 7.4510 | 7.4515 | 7.4520 | 7.4525 | 7.4530 |
| Woodie | 7.4436 | 7.4468 | 7.4489 | 7.4521 | 7.4542 | 7.4574 | 7.4595 |
| Fibonacci | 7.4470 | 7.4491 | 7.4503 | 7.4523 | 7.4544 | 7.4556 | 7.4576 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.4369 | 7.4413 | 7.4466 | 7.4510 | 7.4563 | 7.4607 | 7.4660 |
| Camarilla | 7.4492 | 7.4501 | 7.4510 | 7.4519 | 7.4528 | 7.4537 | 7.4546 |
| Woodie | 7.4374 | 7.4415 | 7.4471 | 7.4512 | 7.4568 | 7.4609 | 7.4665 |
| Fibonacci | 7.4413 | 7.4450 | 7.4473 | 7.4510 | 7.4547 | 7.4570 | 7.4607 |
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): | 46.88 | |
| MACD (12,26,9): | 0.0001 | |
| Directional Movement: | 3.9459 | |
| AROON (14): | 50.0000 | |
| DEMA (21): | 7.4517 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.4512 | |
| Elder Ray (13): | -0.0001 | |
| Super Trend (3,10): | 7.4507 | |
| Zig ZAG (10): | 7.4513 | |
| VORTEX (21): | 1.0806 | |
| Stochastique (14,3,5): | 20.97 | |
| TEMA (21): | 7.4518 | |
| Williams %R (14): | -93.33 | |
| Chande Momentum Oscillator (20): | -0.0003 | |
| Repulse (5,40,3): | -0.0116 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0003 | |
| Courbe Coppock: | 0.02 |
| MA7: | 7.4517 | |
| MA20: | 7.4515 | |
| MA50: | 7.4500 | |
| MA100: | 7.4500 | |
| MAexp7: | 7.4516 | |
| MAexp20: | 7.4516 | |
| MAexp50: | 7.4515 | |
| MAexp100: | 7.4516 | |
| Price / MA7: | -0.01% | |
| Price / MA20: | +0.00% | |
| Price / MA50: | +0.02% | |
| Price / MA100: | +0.02% | |
| Price / MAexp7: | +0.00% | |
| Price / MAexp20: | +0.00% | |
| Price / MAexp50: | +0.00% | |
| Price / MAexp100: | +0.00% |
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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