EUR/DKK - 1H - Technical analysis published on 09/27/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Slightly bullish
Technical indicators
11%
61%
28%
My opinion
Neutral between 7.4534 DKK and 7.4579 DKK
My targets
-
My analysis
The basic trend is slightly bullish and the short term is tentatively bearish. With such a pattern, the price could just as easily move towards the first support as the first resistance. The first support is located at 7.4534 DKK. The first resistance is located at 7.4579 DKK. With no basic trend, it will be important to monitor the reaction of the price to the levels cited. A bearish break in the support could quickly reverse the basic trend. A bullish break in resistance would be welcome to boost the slightly bullish basic trend. On the other hand, if the price is blocked by support or resistance, it could be attractive to trade against the trend on the last short-term movement registered by EUR/DKK.
In the very short term, despite the neutral opinion of this analysis, technical indicators are bearish and could soon allow change to a bearish sentiment.
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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 7.4564 DKK. The price is lower by -0.01% since the last closing with the lowest point at 7.4563 DKK and the highest point at 7.4570 DKK. The deviation from the price is +0.00% for the low point and -0.01% for the high point.7.4563
7.4570
7.4564
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
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
A technical analysis in 1H of this EUR/DKK chart shows a slightly bullish trend. Only 53.57% of the signals given by moving averages are bullish. This slightly bullish trend could turn neutral or reverse given the slightly bearish signals currently being given by short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:
Moving Average bearish crossovers : MA20 & MA50
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
Technical indicators are bearish. There is still some doubt about the decline in the price.
The Central Indicators scanner found this result concerning these indicators:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | R1 | Price | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 7.4524 | 7.4534 | 7.4554 | 7.4564 | 7.4564 | 7.4579 | 7.4593 |
| Change (%) | -0.05% | -0.04% | -0.01% | 0% | - | +0.02% | +0.04% |
| Change | -0.0040 | -0.0030 | -0.0010 | 0 | - | +0.0015 | +0.0029 |
| Level | Major | Major | Major | Minor | - | Intermediate | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.4532 | 7.4544 | 7.4556 | 7.4568 | 7.4580 | 7.4592 | 7.4604 |
| Camarilla | 7.4562 | 7.4565 | 7.4567 | 7.4569 | 7.4571 | 7.4573 | 7.4576 |
| Woodie | 7.4533 | 7.4544 | 7.4557 | 7.4568 | 7.4581 | 7.4592 | 7.4605 |
| Fibonacci | 7.4544 | 7.4553 | 7.4559 | 7.4568 | 7.4577 | 7.4583 | 7.4592 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.4447 | 7.4484 | 7.4523 | 7.4560 | 7.4599 | 7.4636 | 7.4675 |
| Camarilla | 7.4540 | 7.4547 | 7.4554 | 7.4561 | 7.4568 | 7.4575 | 7.4582 |
| Woodie | 7.4447 | 7.4485 | 7.4523 | 7.4561 | 7.4599 | 7.4637 | 7.4675 |
| Fibonacci | 7.4484 | 7.4513 | 7.4531 | 7.4560 | 7.4589 | 7.4607 | 7.4636 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.4440 | 7.4471 | 7.4502 | 7.4533 | 7.4564 | 7.4595 | 7.4626 |
| Camarilla | 7.4517 | 7.4523 | 7.4528 | 7.4534 | 7.4540 | 7.4545 | 7.4551 |
| Woodie | 7.4441 | 7.4471 | 7.4503 | 7.4533 | 7.4565 | 7.4595 | 7.4627 |
| Fibonacci | 7.4471 | 7.4494 | 7.4509 | 7.4533 | 7.4556 | 7.4571 | 7.4595 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 45.88 | |
| MACD (12,26,9): | -0.0001 | |
| Directional Movement: | -2.5418 | |
| AROON (14): | -7.1429 | |
| DEMA (21): | 7.4567 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.4576 | |
| Elder Ray (13): | -0.0003 | |
| Super Trend (3,10): | 7.4585 | |
| Zig ZAG (10): | 7.4564 | |
| VORTEX (21): | 0.9122 | |
| Stochastique (14,3,5): | 43.48 | |
| TEMA (21): | 7.4564 | |
| Williams %R (14): | -56.52 | |
| Chande Momentum Oscillator (20): | -0.0004 | |
| Repulse (5,40,3): | 0.0004 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0002 | |
| Courbe Coppock: | 0.02 |
| MA7: | 7.4555 | |
| MA20: | 7.4563 | |
| MA50: | 7.4537 | |
| MA100: | 7.4514 | |
| MAexp7: | 7.4566 | |
| MAexp20: | 7.4568 | |
| MAexp50: | 7.4567 | |
| MAexp100: | 7.4563 | |
| Price / MA7: | +0.01% | |
| Price / MA20: | +0.00% | |
| Price / MA50: | +0.04% | |
| Price / MA100: | +0.07% | |
| Price / MAexp7: | +0.00% | |
| Price / MAexp20: | -0.01% | |
| Price / MAexp50: | +0.00% | |
| Price / MAexp100: | +0.00% |
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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