GBP/DKK
15.42
DKK
(-0.58%)
03/26/2025 - 19:59
Closed Real time data - Forex
| Open: | 15.68 |
| Change: | -0.09 |
| Volume: | 2,073,399 |
| Low: | 15.30 |
| High: | 15.93 |
| High / Low range: | 0.63 |
| Type: | Forex |
| Ticker: | GBPDKK |
| ISIN: |
GBP/DKK - 1H - Technical analysis published on 07/31/2023 (GMT)
- 165
- 0
- 07/31/2023 - 11:03
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- Timeframe : 1H
- - Analysis generated on 07/31/2023 - 11:03
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Slightly bullish
Technical indicators
11%
56%
33%
My opinion
Bearish under 8.7060 DKK
My targets
8.6759 DKK (-0.0117)
8.6290 DKK (-0.0586)
My analysis
The strong short-term decline in GBP/DKK calls into question the currently slightly bullish basic trend. A trend reversal is likely. As long as the price remains below the resistance located at 8.7060 DKK, one could consider taking advantage of the short-term movement. The first bearish objective is located at 8.6759 DKK. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 8.6290 DKK as an objective. Crossing it would then enable sellers to target 8.6070 DKK. Be careful, a return to above 8.7060 DKK could jeopardize the reversal.
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
2.1
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
GBP/DKK rating 8.6876 DKK. The price registered a decrease of -0.06% on the session with the lowest point at 8.6773 DKK and the highest point at 8.7054 DKK. The deviation from the price is +0.12% for the low point and -0.20% for the high point.8.6773
8.7054
8.6876
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
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:
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 slightly bullish trend. 53.57% of the signals given by moving averages are bullish. Caution: a reversal of the trend could be possible given the strong bearish signals of short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish trend reversal : Moving Average 50
Type : Bullish
Timeframe : 1 hour
In fact, 10 technical indicators on 18 studied are currently positioned bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 8.6070 | 8.6290 | 8.6759 | 8.6876 | 8.6933 | 8.7060 | 8.7318 |
| Change (%) | -0.93% | -0.67% | -0.13% | - | +0.07% | +0.21% | +0.51% |
| Change | -0.0806 | -0.0586 | -0.0117 | - | +0.0057 | +0.0184 | +0.0442 |
| Level | Intermediate | Intermediate | Major | - | Minor | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.6313 | 8.6532 | 8.6731 | 8.6950 | 8.7149 | 8.7368 | 8.7567 |
| Camarilla | 8.6814 | 8.6852 | 8.6891 | 8.6929 | 8.6967 | 8.7006 | 8.7044 |
| Woodie | 8.6302 | 8.6527 | 8.6720 | 8.6945 | 8.7138 | 8.7363 | 8.7556 |
| Fibonacci | 8.6532 | 8.6692 | 8.6791 | 8.6950 | 8.7110 | 8.7209 | 8.7368 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.5070 | 8.5555 | 8.6242 | 8.6727 | 8.7414 | 8.7899 | 8.8586 |
| Camarilla | 8.6607 | 8.6714 | 8.6822 | 8.6929 | 8.7036 | 8.7144 | 8.7251 |
| Woodie | 8.5171 | 8.5606 | 8.6343 | 8.6778 | 8.7515 | 8.7950 | 8.8687 |
| Fibonacci | 8.5555 | 8.6003 | 8.6279 | 8.6727 | 8.7175 | 8.7451 | 8.7899 |
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 technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 45.50 | |
| MACD (12,26,9): | -0.0012 | |
| Directional Movement: | -8.1439 | |
| AROON (14): | -28.5714 | |
| DEMA (21): | 8.6911 | |
| Parabolic SAR (0,02-0,02-0,2): | 8.7043 | |
| Elder Ray (13): | -0.0089 | |
| Super Trend (3,10): | 8.6795 | |
| Zig ZAG (10): | 8.6853 | |
| VORTEX (21): | 0.9506 | |
| Stochastique (14,3,5): | 21.33 | |
| TEMA (21): | 8.6894 | |
| Williams %R (14): | -73.67 | |
| Chande Momentum Oscillator (20): | -0.0009 | |
| Repulse (5,40,3): | -0.0261 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0002 | |
| Courbe Coppock: | 0.00 |
| MA7: | 8.6704 | |
| MA20: | 8.6821 | |
| MA50: | 8.6676 | |
| MA100: | 8.5778 | |
| MAexp7: | 8.6898 | |
| MAexp20: | 8.6925 | |
| MAexp50: | 8.6917 | |
| MAexp100: | 8.6839 | |
| Price / MA7: | +0.20% | |
| Price / MA20: | +0.06% | |
| Price / MA50: | +0.23% | |
| Price / MA100: | +1.28% | |
| Price / MAexp7: | -0.03% | |
| Price / MAexp20: | -0.06% | |
| Price / MAexp50: | -0.05% | |
| Price / MAexp100: | +0.04% |
Quotes :
07/31/2023 - 11:03
-
Real time data
-
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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