GBP/DKK - 1H - Technical analysis published on 08/02/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
28%
33%
39%
My opinion
Bearish under 8.6747 DKK
My targets
8.6290 DKK (-0.0237)
8.6147 DKK (-0.0380)
My analysis
The bearish trend is currently very strong for GBP/DKK. As long as the price remains below the resistance at 8.6747 DKK, you could try to take advantage of the bearish rally. The first bearish objective is located at 8.6290 DKK. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 8.6147 DKK as an objective. Crossing it would then enable sellers to target 8.6021 DKK. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
6.3
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GBP/DKK rating is 8.6527 DKK. On the day, this instrument lost -0.10% with the lowest point at 8.6360 DKK and the highest point at 8.6807 DKK. The deviation from the price is +0.19% for the low point and -0.32% for the high point.8.6360
8.6807
8.6527
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 HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of GBP/DKK indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : 1 hour
RSI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
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
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 8.6147 | 8.6290 | 8.6445 | 8.6527 | 8.6747 | 8.6936 | 8.7160 |
| Change (%) | -0.44% | -0.27% | -0.09% | - | +0.25% | +0.47% | +0.73% |
| Change | -0.0380 | -0.0237 | -0.0082 | - | +0.0220 | +0.0409 | +0.0633 |
| Level | Minor | Intermediate | Intermediate | - | Intermediate | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.5651 | 8.6060 | 8.6338 | 8.6747 | 8.7025 | 8.7434 | 8.7712 |
| Camarilla | 8.6428 | 8.6491 | 8.6554 | 8.6617 | 8.6680 | 8.6743 | 8.6806 |
| Woodie | 8.5587 | 8.6027 | 8.6274 | 8.6714 | 8.6961 | 8.7401 | 8.7648 |
| Fibonacci | 8.6060 | 8.6322 | 8.6484 | 8.6747 | 8.7009 | 8.7171 | 8.7434 |
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 | 8.3821 | 8.4724 | 8.5839 | 8.6742 | 8.7857 | 8.8760 | 8.9875 |
| Camarilla | 8.6399 | 8.6584 | 8.6769 | 8.6954 | 8.7139 | 8.7324 | 8.7509 |
| Woodie | 8.3927 | 8.4777 | 8.5945 | 8.6795 | 8.7963 | 8.8813 | 8.9981 |
| Fibonacci | 8.4724 | 8.5495 | 8.5971 | 8.6742 | 8.7513 | 8.7989 | 8.8760 |
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): | 42.19 | |
| MACD (12,26,9): | -0.0058 | |
| Directional Movement: | -13.5883 | |
| AROON (14): | -35.7142 | |
| DEMA (21): | 8.6565 | |
| Parabolic SAR (0,02-0,02-0,2): | 8.6783 | |
| Elder Ray (13): | -0.0103 | |
| Super Trend (3,10): | 8.6769 | |
| Zig ZAG (10): | 8.6523 | |
| VORTEX (21): | 0.8811 | |
| Stochastique (14,3,5): | 18.94 | |
| TEMA (21): | 8.6554 | |
| Williams %R (14): | -65.10 | |
| Chande Momentum Oscillator (20): | -0.0127 | |
| Repulse (5,40,3): | -0.0974 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0090 | |
| Courbe Coppock: | 0.07 |
| MA7: | 8.6824 | |
| MA20: | 8.6774 | |
| MA50: | 8.6711 | |
| MA100: | 8.5818 | |
| MAexp7: | 8.6574 | |
| MAexp20: | 8.6646 | |
| MAexp50: | 8.6741 | |
| MAexp100: | 8.6777 | |
| Price / MA7: | -0.34% | |
| Price / MA20: | -0.28% | |
| Price / MA50: | -0.21% | |
| Price / MA100: | +0.83% | |
| Price / MAexp7: | -0.05% | |
| Price / MAexp20: | -0.14% | |
| Price / MAexp50: | -0.25% | |
| Price / MAexp100: | -0.29% |
Quotes :
-
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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