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GBP/DKK
GBP DKK
- DKK (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: GBPDKK
ISIN:

GBP/DKK - 1H - Technical analysis published on 07/06/2023 (GMT)

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Londinia
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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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: Neutral
Underlying: Bullish
Technical indicators
17%
39%
44%
My opinion
Bullish above 8.7055 DKK
My targets
8.7572 DKK (+0.0412)
8.8390 DKK (+0.1230)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on GBP/DKK. As long as you are above the support located at 8.7055 DKK, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 8.7572 DKK would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 8.8390 DKK as an objective. Crossing it would then enable buyers to target 8.9001 DKK. If the support 8.7055 DKK were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.

In the very short term, the general bullish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bullish direction is still favored, however the current short term bearish correction should be carefully watched.
Force
0
10
2.5

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.

Londinia
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 GBP/DKK price is 8.7160 DKK. The price registered a decrease of -0.01% on the session with the lowest point at 8.6980 DKK and the highest point at 8.7423 DKK. The deviation from the price is +0.21% for the low point and -0.30% for the high point.

8.6980
8.7423
8.7160

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



Here is a more detailed summary of the historical variations registered by GBP/DKK:
The Central Records scanner for higher/lower results shows the following items:

Central Records

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 LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of GBP/DKK in 1H shows an overall bullish trend. 75.00% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. An assessment of moving averages reveals a bearish signal that could impact this trend:

Central Indicators

Bearish price crossover with adaptative moving average 50

Type : Bearish

Timeframe : 1 hour



In fact, only 7 technical indicators out of 18 studied are currently positioned bearish. Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

RSI indicator is back under 50

Type : Bearish

Timeframe : 1 hour


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly



No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

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


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 8.6571 8.6844 8.7055 8.7160 8.7194 8.7572 8.9001
Change (%) -0.68% -0.36% -0.12% - +0.04% +0.47% +2.11%
Change -0.0589 -0.0316 -0.0105 - +0.0034 +0.0412 +0.1841
Level Major Major Minor - Intermediate Intermediate Minor



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
Standard8.66008.67248.69478.70718.72948.74188.7641
Camarilla8.70768.71078.71398.71718.72038.72358.7266
Woodie8.66518.67498.69988.70968.73458.74438.7692
Fibonacci8.67248.68568.69388.70718.72038.72858.7418


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard8.48778.54388.60488.66098.72198.77808.8390
Camarilla8.63358.64428.65508.66578.67648.68728.6979
Woodie8.49018.54508.60728.66218.72438.77928.8414
Fibonacci8.54388.58868.61628.66098.70578.73338.7780


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard8.44858.52428.59508.67078.74158.81728.8880
Camarilla8.62548.63888.65238.66578.67918.69268.7060
Woodie8.44608.52308.59258.66958.73908.81608.8855
Fibonacci8.52428.58028.61488.67078.72678.76138.8172

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): 50.39
MACD (12,26,9): 0.0023
Directional Movement: -6.2991
AROON (14): -28.5714
DEMA (21): 8.7230
Parabolic SAR (0,02-0,02-0,2): 8.7397
Elder Ray (13): -0.0020
Super Trend (3,10): 8.7505
Zig ZAG (10): 8.7167
VORTEX (21): 1.0021
Stochastique (14,3,5): 41.76
TEMA (21): 8.7196
Williams %R (14): -56.43
Chande Momentum Oscillator (20): -0.0030
Repulse (5,40,3): -0.0111
ROCnROLL: -1
TRIX (15,9): 0.0078
Courbe Coppock: 0.03
MA7: 8.6763
MA20: 8.6878
MA50: 8.6200
MA100: 8.5332
MAexp7: 8.7182
MAexp20: 8.7188
MAexp50: 8.7092
MAexp100: 8.6952
Price / MA7: +0.46%
Price / MA20: +0.32%
Price / MA50: +1.11%
Price / MA100: +2.14%
Price / MAexp7: -0.03%
Price / MAexp20: -0.03%
Price / MAexp50: +0.08%
Price / MAexp100: +0.24%

Quotes : - Real time data - Forex

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

About author

Londinia
Londinia AI

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