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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 - 15 min. - Technical analysis published on 11/10/2023 (GMT)

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Londinia
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  • Timeframe : 15 min.
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above 8.5273 DKK
My targets
8.5535 DKK (+0.0026)
8.5665 DKK (+0.0156)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on GBP/DKK. This is a positive signal for buyers. As long as the price remains above 8.5273 DKK, a purchase could be considered. The first bullish objective is located at 8.5535 DKK. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 8.5665 DKK as an objective. Crossing it would then enable buyers to target 8.5927 DKK. In the event of a return below 8.5273 DKK, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
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.

hannahfreeman
This analysis was given by hannahfreeman. Take part yourself by sharing additional analysis on another time unit:
1H Daily Weekly

Additional analysis

Quotes

GBP/DKK rating 8.5509 DKK. The price has increased by +0.12% since the last closing and was traded between 8.5400 DKK and 8.5562 DKK over the period. The price is currently at +0.13% from its lowest and -0.06% from its highest.

8.5400
8.5562
8.5509

The Central Gaps scanner detects the formation of a bearish gap marking the strong presence of sellers ahead of buyers at the opening. This formed a quotation gap.

Central Gaps

Opening Gap DOWN

Type : Bearish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

Near a new LOW record (1 year)

Type : Bearish

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 GBP/DKK in 15 min. shows an overall bullish trend. 67.86% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:

Central Indicators

Moving Average bullish crossovers : AMA20 & AMA50

Type : Bullish

Timeframe : 15 minutes


Bullish price crossover with Moving Average 100

Type : Bullish

Timeframe : 15 minutes


Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : 15 minutes



Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 15 minutes


CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 15 minutes


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 15 minutes

The Central Indicators scanner found this result concerning these indicators:

Central Indicators

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Central Patterns

Horizontal resistance is broken

Type : Bullish

Timeframe : 15 minutes


Resistance of channel is broken

Type : Bullish

Timeframe : 15 minutes



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


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 8.5103 8.5265 8.5482 8.5509 8.5796 8.5960 8.6045
Change (%) -0.47% -0.29% -0.03% - +0.34% +0.53% +0.63%
Change -0.0406 -0.0244 -0.0027 - +0.0287 +0.0451 +0.0536
Level Minor Intermediate Major - Major Minor Intermediate



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
Standard8.48818.51438.52738.55358.56658.59278.6057
Camarilla8.52968.53328.53688.54048.54408.54768.5512
Woodie8.48168.51108.52088.55028.56008.58948.5992
Fibonacci8.51438.52928.53858.55358.56848.57778.5927


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard8.46678.49668.55178.58168.63678.66668.7217
Camarilla8.58348.59128.59908.60688.61468.62248.6302
Woodie8.47938.50298.56438.58798.64938.67298.7343
Fibonacci8.49668.52918.54918.58168.61418.63418.6666


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard8.38838.45748.51538.58448.64238.71148.7693
Camarilla8.53838.54998.56168.57328.58488.59658.6081
Woodie8.38278.45468.50978.58168.63678.70868.7637
Fibonacci8.45748.50598.53598.58448.63298.66298.7114

Numerical data


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

Technical indicators
Moving averages

RSI (14): 62.85
MACD (12,26,9): 0.0016
Directional Movement: 24.9727
AROON (14): 85.7143
DEMA (21): 8.5487
Parabolic SAR (0,02-0,02-0,2): 8.5477
Elder Ray (13): 0.0029
Super Trend (3,10): 8.5443
Zig ZAG (10): 8.5530
VORTEX (21): 1.1582
Stochastique (14,3,5): 59.21
TEMA (21): 8.5508
Williams %R (14): -22.14
Chande Momentum Oscillator (20): 0.0083
Repulse (5,40,3): 0.0383
ROCnROLL: 1
TRIX (15,9): 0.0020
Courbe Coppock: 0.14
MA7: 8.5692
MA20: 8.5734
MA50: 8.6139
MA100: 8.6462
MAexp7: 8.5496
MAexp20: 8.5465
MAexp50: 8.5461
MAexp100: 8.5490
Price / MA7: -0.21%
Price / MA20: -0.26%
Price / MA50: -0.73%
Price / MA100: -1.10%
Price / MAexp7: +0.02%
Price / MAexp20: +0.05%
Price / MAexp50: +0.06%
Price / MAexp100: +0.02%

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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