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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 07/26/2024 (GMT)

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Londinia
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  • Timeframe : 1H
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Strongly bearish
Technical indicators
22%
56%
22%
My opinion
Bearish under 8.8639 DKK
My targets
8.8152 DKK (-0.0261)
8.7614 DKK (-0.0799)
My analysis
GBP/DKK is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 8.8639 DKK. The next support located at 8.8152 DKK is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 8.7614 DKK. Below this support, sellers could then target 8.7058 DKK. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.

In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
6.8

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 rating is 8.8413 DKK. On the day, this instrument lost -0.01% and was traded between 8.8392 DKK and 8.8430 DKK over the period. The price is currently at +0.02% from its lowest and -0.02% from its highest.

8.8392
8.8430
8.8413

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



A study of price movements over other periods shows the following variations:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly


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 this 1H chart of GBP/DKK indicates that the overall trend is strongly bearish. 89.29% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 4 are neutral and 10 are bearish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found this result concerning these indicators:

Central Indicators

MACD crosses UP its Moving Average

Type : Bullish

Timeframe : 1 hour



Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 8.5760 8.7058 8.7614 8.8413 8.8473 8.8639 8.8776
Change (%) -3.00% -1.53% -0.90% - +0.07% +0.26% +0.41%
Change -0.2653 -0.1355 -0.0799 - +0.0060 +0.0226 +0.0363
Level Minor Major Intermediate - Minor Intermediate Minor



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
Standard8.78838.81488.82838.85488.86838.89488.9083
Camarilla8.83078.83448.83808.84178.84548.84908.8527
Woodie8.78178.81168.82178.85168.86178.89168.9017
Fibonacci8.81488.83018.83968.85488.87018.87968.8948


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard8.78328.81528.83388.86588.88448.91648.9350
Camarilla8.83848.84308.84778.85238.85698.86168.8662
Woodie8.77648.81198.82708.86258.87768.91318.9282
Fibonacci8.81528.83468.84658.86588.88528.89718.9164


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard8.58568.66218.73218.80868.87868.95519.0251
Camarilla8.76188.77528.78878.80218.81558.82908.8424
Woodie8.58248.66058.72898.80708.87548.95359.0219
Fibonacci8.66218.71818.75268.80868.86468.89918.9551

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): 30.57
MACD (12,26,9): -0.0076
Directional Movement: -10.7135
AROON (14): -78.5714
DEMA (21): 8.8392
Parabolic SAR (0,02-0,02-0,2): 8.8453
Elder Ray (13): -0.0038
Super Trend (3,10): 8.8541
Zig ZAG (10): 8.8419
VORTEX (21): 0.7824
Stochastique (14,3,5): 11.01
TEMA (21): 8.8363
Williams %R (14): -83.02
Chande Momentum Oscillator (20): -0.0094
Repulse (5,40,3): 0.0022
ROCnROLL: 2
TRIX (15,9): -0.0134
Courbe Coppock: 0.34
MA7: 8.8590
MA20: 8.8455
MA50: 8.8150
MA100: 8.7606
MAexp7: 8.8424
MAexp20: 8.8494
MAexp50: 8.8593
MAexp100: 8.8636
Price / MA7: -0.20%
Price / MA20: -0.05%
Price / MA50: +0.30%
Price / MA100: +0.92%
Price / MAexp7: -0.01%
Price / MAexp20: -0.09%
Price / MAexp50: -0.20%
Price / MAexp100: -0.25%

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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