EUR/DKK
EUR DKK
1.8989 DKK (-1.69%)
04/04/2025 - 20:59 Closed Real time data - Forex
Open: 1.9314
Change: -0.0326
Volume: 543,634
Low: 1.8933
High: 1.9366
High / Low range: 0.0433
Type: Forex
Ticker: EURDKK
ISIN:

EUR/DKK - 1H - Technical analysis published on 02/19/2024 (GMT)

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  • 02/19/2024 - 20:25
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  • Timeframe : 1H
  • - Analysis generated on 02/19/2024 - 20:25
  • Status : LEVEL MAINTAINED

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Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Bearish
Technical indicators
11%
61%
28%
My opinion
Bearish under 7.4554 DKK
My targets
7.4500 DKK (-0.0040)
7.4423 DKK (-0.0117)
My analysis
EUR/DKK is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 7.4554 DKK. The next support located at 7.4500 DKK is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 7.4423 DKK. Below this support, sellers could then target 7.4386 DKK.

In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
6.1

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The EUR/DKK rating is 7.4540 DKK. On the day, this instrument lost -0.01% and was between 7.4540 DKK and 7.4555 DKK. This implies that the price is at 0% from its lowest and at -0.02% from its highest.

7.4540
7.4555
7.4540

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:
Created with Raphaël 2.3.0-0.100.10.20.3January 1st3 years1 year6 months1 month5 daysToday
The Central Records scanner for higher/lower results shows the following items:

Central Records

Near a new LOW record (5 years)

Type : Bearish

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 1H of this EUR/DKK chart shows a bearish trend. 75.00% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

The probability of a further decline is moderate given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour


CCI indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Central Indicators

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Central Patterns

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:

Central Candlesticks

Doji

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 7.4459 7.4500 7.4531 7.4540 7.4541 7.4554 7.4579
Change (%) -0.11% -0.05% -0.01% - +0.00% +0.02% +0.05%
Change -0.0081 -0.0040 -0.0009 - +0.0001 +0.0014 +0.0039
Level Major Minor Intermediate - 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
Standard7.45187.45287.45377.45477.45567.45667.4575
Camarilla7.45407.45427.45437.45457.45477.45497.4550
Woodie7.45177.45287.45367.45477.45557.45667.4574
Fibonacci7.45287.45367.45407.45477.45557.45597.4566


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard7.45027.45167.45317.45457.45607.45747.4589
Camarilla7.45377.45407.45427.45457.45487.45507.4553
Woodie7.45027.45167.45317.45457.45607.45747.4589
Fibonacci7.45167.45277.45347.45457.45567.45637.4574


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard7.44327.44827.45167.45667.46007.46507.4684
Camarilla7.45277.45357.45427.45507.45587.45657.4573
Woodie7.44247.44787.45087.45627.45927.46467.4676
Fibonacci7.44827.45147.45347.45667.45987.46187.4650

Numerical data


The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators
Created with Raphaël 2.3.0Sell11
Moving averages
Created with Raphaël 2.3.0Sell21

RSI (14): 37.08
MACD (12,26,9): -0.0002
Directional Movement: -8.6745
AROON (14): -57.1429
DEMA (21): 7.4543
Parabolic SAR (0,02-0,02-0,2): 7.4551
Elder Ray (13): -0.0003
Super Trend (3,10): 7.4553
Zig ZAG (10): 7.4540
VORTEX (21): 0.8816
Stochastique (14,3,5): 7.14
TEMA (21): 7.4541
Williams %R (14): -100.00
Chande Momentum Oscillator (20): -0.0009
Repulse (5,40,3): -0.0029
ROCnROLL: 2
TRIX (15,9): -0.0003
Courbe Coppock: 0.02
MA7: 7.4544
MA20: 7.4551
MA50: 7.4560
MA100: 7.4573
MAexp7: 7.4543
MAexp20: 7.4546
MAexp50: 7.4547
MAexp100: 7.4549
Price / MA7: -0.01%
Price / MA20: -0.01%
Price / MA50: -0.03%
Price / MA100: -0.04%
Price / MAexp7: +0.00%
Price / MAexp20: -0.01%
Price / MAexp50: -0.01%
Price / MAexp100: -0.01%

Quotes : 02/19/2024 - 20:25 - Real time data - Forex

This member declared not having a position on this financial instrument or a related financial instrument.

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