GBP/DKK

- DKK (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Forex
Ticker:	GBPDKK
ISIN:

GBP/DKK - Daily - Technical analysis published on 07/03/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Bullish

Underlying: Strongly bullish

Technical indicators

17%

33%

50%

My opinion

Bullish above 8.6073 DKK

My targets

8.7572 DKK (+0.0918)

8.9001 DKK (+0.2347)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on GBP/DKK as long as the price remains well above 8.6073 DKK. The buyers' bullish objective is set at 8.7572 DKK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 8.9001 DKK. If there is any crossing, the next objective would be the resistance located at 9.0029 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 overbought items that could be a sign of a possible short-term correction.

Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.

Force

3.8

Comment on the analysis

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:

Additional analysis

Quotes

The GBP/DKK price is 8.6654 DKK. On the day, this instrument gained +0.00% and was between 8.6544 DKK and 8.6789 DKK. This implies that the price is at +0.13% from its lowest and at -0.16% from its highest.

8.6544

8.6789

8.6654

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bearish opening

Type : Bearish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

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 LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of GBP/DKK indicates that the overall trend is strongly bullish. The signals given by moving averages are 82.14% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:

Bullish trend reversal : Moving Average 20

Type : Bullish

Timeframe : Daily

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : Daily

In fact, of the 18 technical indicators analysed by Central Analyzer, 3 are bullish, 9 are neutral and 6 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Near support of channel

Type : Bullish

Timeframe : Daily

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	8.5234	8.6073	8.6571	8.6654	8.7572	8.9001	9.0029
Change (%)	-1.64%	-0.67%	-0.10%	-	+1.06%	+2.71%	+3.89%
Change	-0.1420	-0.0581	-0.0083	-	+0.0918	+0.2347	+0.3375
Level	Major	Intermediate	Intermediate	-	Intermediate	Minor	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	8.6017	8.6217	8.6437	8.6637	8.6857	8.7057	8.7277
Camarilla	8.6542	8.6580	8.6619	8.6657	8.6696	8.6734	8.6773
Woodie	8.6027	8.6222	8.6447	8.6642	8.6867	8.7062	8.7287
Fibonacci	8.6217	8.6377	8.6477	8.6637	8.6797	8.6897	8.7057

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	8.4877	8.5438	8.6048	8.6609	8.7219	8.7780	8.8390
Camarilla	8.6335	8.6442	8.6550	8.6657	8.6764	8.6872	8.6979
Woodie	8.4901	8.5450	8.6072	8.6621	8.7243	8.7792	8.8414
Fibonacci	8.5438	8.5886	8.6162	8.6609	8.7057	8.7333	8.7780

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	8.4485	8.5242	8.5950	8.6707	8.7415	8.8172	8.8880
Camarilla	8.6254	8.6388	8.6523	8.6657	8.6791	8.6926	8.7060
Woodie	8.4460	8.5230	8.5925	8.6695	8.7390	8.8160	8.8855
Fibonacci	8.5242	8.5802	8.6148	8.6707	8.7267	8.7613	8.8172

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):	51.62
MACD (12,26,9):	0.0126
Directional Movement:	-1.0963
AROON (14):	-50.0000
DEMA (21):	8.6854
Parabolic SAR (0,02-0,02-0,2):	8.6938
Elder Ray (13):	0.0005
Super Trend (3,10):	8.6033
Zig ZAG (10):	8.6606
VORTEX (21):	0.9995
Stochastique (14,3,5):	38.57
TEMA (21):	8.6667
Williams %R (14):	-58.63
Chande Momentum Oscillator (20):	-0.0438
Repulse (5,40,3):	0.0517
ROCnROLL:	-1
TRIX (15,9):	0.0411
Courbe Coppock:	0.69

MA7:	8.6613
MA20:	8.6804
MA50:	8.6029
MA100:	8.5238
MAexp7:	8.6619
MAexp20:	8.6617
MAexp50:	8.6140
MAexp100:	8.5680
Price / MA7:	+0.05%
Price / MA20:	-0.17%
Price / MA50:	+0.73%
Price / MA100:	+1.66%
Price / MAexp7:	+0.04%
Price / MAexp20:	+0.04%
Price / MAexp50:	+0.60%
Price / MAexp100:	+1.14%

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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