JPY/DKK

- DKK (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Forex
Ticker:	JPYDKK
ISIN:

JPY/DKK - Daily - Technical analysis published on 11/28/2022 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Neutral

Technical indicators

78%

22%

My opinion

Bullish above 0.05162 DKK

My targets

0.05328 DKK (+0.00134)

0.05559 DKK (+0.00365)

My analysis

The strong short-term increase of JPY/DKK should quickly allow the basic trend to become bullish. As long as the price remains above the support located at 0.05162 DKK, a purchase could be considered. The first bullish objective is located at 0.05328 DKK. The bullish momentum would be boosted by a break in this resistance. Buyers could then target the resistance located at 0.05559 DKK. If there is any crossing, the next objective would be the resistance at 0.05937 DKK. Caution, if there is a return under 0.05162 DKK, it should not be forgotten that the basic trend is not yet clear. Caution would then be required.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

3.6

Comment on the analysis

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.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The JPY/DKK price is 0.05194 DKK. The price has increased by +1.03% since the last closing with the lowest point at 0.05137 DKK and the highest point at 0.05199 DKK. The deviation from the price is +1.11% for the low point and -0.10% for the high point.

0.05137

0.05199

0.05194

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bearish opening

Type : Bearish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by JPY/DKK:

The study of the highest / lowest by the Central Records scanner shows the following results:

Near a new LOW record (5 years)

Type : Bearish

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 LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of JPY/DKK in Daily shows a neutral overall trend. This indecision could turn into a bullish trend due to the strong bullish signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:

Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : Daily

In fact, 14 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Daily

MACD indicator is back over 0

Type : Bullish

Timeframe : Daily

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Near resistance of channel

Type : Bearish

Timeframe : Daily

Near resistance of triangle

Type : Bearish

Timeframe : Daily

Near horizontal support

Type : Bullish

Timeframe : Daily

The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:

Bullish engulfing lines

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.04404	0.04985	0.05162	0.05194	0.05328	0.05559	0.05937
Change (%)	-15.21%	-4.02%	-0.62%	-	+2.58%	+7.03%	+14.30%
Change	-0.00790	-0.00209	-0.00032	-	+0.00134	+0.00365	+0.00743
Level	Intermediate	Intermediate	Major	-	Intermediate	Major	Major

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.05086	0.05104	0.05123	0.05141	0.05160	0.05178	0.05197
Camarilla	0.05131	0.05134	0.05138	0.05141	0.05144	0.05148	0.05151
Woodie	0.05086	0.05104	0.05123	0.05141	0.05160	0.05178	0.05197
Fibonacci	0.05104	0.05119	0.05127	0.05141	0.05156	0.05164	0.05178

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.05006	0.05048	0.05094	0.05136	0.05182	0.05224	0.05270
Camarilla	0.05117	0.05125	0.05133	0.05141	0.05149	0.05157	0.05165
Woodie	0.05009	0.05049	0.05097	0.05137	0.05185	0.05225	0.05273
Fibonacci	0.05048	0.05081	0.05102	0.05136	0.05169	0.05190	0.05224

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.04691	0.04851	0.04958	0.05118	0.05225	0.05385	0.05492
Camarilla	0.04991	0.05015	0.05040	0.05064	0.05089	0.05113	0.05137
Woodie	0.04664	0.04838	0.04931	0.05105	0.05198	0.05372	0.05465
Fibonacci	0.04851	0.04953	0.05016	0.05118	0.05220	0.05283	0.05385

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):	57.90
MACD (12,26,9):	0.0000
Directional Movement:	13.97822
AROON (14):	14.28571
DEMA (21):	0.05132
Parabolic SAR (0,02-0,02-0,2):	0.05201
Elder Ray (13):	0.00030
Super Trend (3,10):	0.05224
Zig ZAG (10):	0.05192
VORTEX (21):	1.0784
Stochastique (14,3,5):	65.84
TEMA (21):	0.05156
Williams %R (14):	-16.05
Chande Momentum Oscillator (20):	0.00042
Repulse (5,40,3):	1.3602
ROCnROLL:	1
TRIX (15,9):	-0.0157
Courbe Coppock:	1.51

MA7:	0.05138
MA20:	0.05127
MA50:	0.05161
MA100:	0.05258
MAexp7:	0.05148
MAexp20:	0.05134
MAexp50:	0.05163
MAexp100:	0.05232
Price / MA7:	+1.09%
Price / MA20:	+1.31%
Price / MA50:	+0.64%
Price / MA100:	-1.22%
Price / MAexp7:	+0.87%
Price / MAexp20:	+1.15%
Price / MAexp50:	+0.58%
Price / MAexp100:	-0.75%

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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