EUR/DKK - 1H - Technical analysis published on 08/08/2023 (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:
Strongly bearish
Technical indicators
28%
33%
39%
My opinion
Bearish under 7.4525 DKK
My targets
7.4501 DKK (-0.0010)
7.4423 DKK (-0.0088)
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 7.4525 DKK. The next bearish objective for sellers is set at 7.4501 DKK. A bearish break of this support would revive the bearish momentum. The sellers could then target the 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 ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
4.8
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
EUR/DKK rating 7.4511 DKK. The price is lower by -0.01% since the last closing and was traded between 7.4503 DKK and 7.4520 DKK over the period. The price is currently at +0.01% from its lowest and -0.01% from its highest.7.4503
7.4520
7.4511
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
The Central Volumes scanner detects abnormal volumes on the asset:
Abnormal volumes
Timeframe : 5 days
Technical
Technical analysis of this 1H chart of EUR/DKK indicates that the overall trend is strongly bearish. 85.71% of the signals given by moving averages are bearish. This strongly bearish trend is showing signs of slowing down given the slightly bearish signals given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
On the 18 technical indicators analysed, 5 are bullish, 7 are neutral and 6 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near support of channel
Type : Bullish
Timeframe : 1 hour
Near support of triangle
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 | 7.4460 | 7.4501 | 7.4509 | 7.4511 | 7.4515 | 7.4525 | 7.4534 |
| Change (%) | -0.07% | -0.01% | +0.00% | - | +0.01% | +0.02% | +0.03% |
| Change | -0.0051 | -0.0010 | -0.0002 | - | +0.0004 | +0.0014 | +0.0023 |
| Level | Intermediate | Minor | Major | - | 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 | 7.4498 | 7.4503 | 7.4511 | 7.4516 | 7.4524 | 7.4529 | 7.4537 |
| Camarilla | 7.4515 | 7.4517 | 7.4518 | 7.4519 | 7.4520 | 7.4521 | 7.4523 |
| Woodie | 7.4500 | 7.4504 | 7.4513 | 7.4517 | 7.4526 | 7.4530 | 7.4539 |
| Fibonacci | 7.4503 | 7.4508 | 7.4511 | 7.4516 | 7.4521 | 7.4524 | 7.4529 |
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 the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 48.19 | |
| MACD (12,26,9): | -0.0001 | |
| Directional Movement: | 4.0756 | |
| AROON (14): | -64.2857 | |
| DEMA (21): | 7.4511 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.4516 | |
| Elder Ray (13): | -0.0001 | |
| Super Trend (3,10): | 7.4524 | |
| Zig ZAG (10): | 7.4512 | |
| VORTEX (21): | 0.9714 | |
| Stochastique (14,3,5): | 43.14 | |
| TEMA (21): | 7.4510 | |
| Williams %R (14): | -52.94 | |
| Chande Momentum Oscillator (20): | -0.0003 | |
| Repulse (5,40,3): | 0.0043 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0001 | |
| Courbe Coppock: | 0.01 |
| MA7: | 7.4516 | |
| MA20: | 7.4514 | |
| MA50: | 7.4501 | |
| MA100: | 7.4501 | |
| MAexp7: | 7.4510 | |
| MAexp20: | 7.4512 | |
| MAexp50: | 7.4513 | |
| MAexp100: | 7.4514 | |
| Price / MA7: | -0.01% | |
| Price / MA20: | +0.00% | |
| Price / MA50: | +0.01% | |
| Price / MA100: | +0.01% | |
| 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.
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