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 03/31/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Bearish

Underlying: Strongly bearish

Technical indicators

22%

44%

33%

My opinion

Bearish under 0.05294 DKK

My targets

0.05121 DKK (-0.00040)

0.05075 DKK (-0.00086)

My analysis

The bearish basic trend is very strong on JPY/DKK but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 0.05294 DKK. Crossing the first support at 0.05121 DKK would be a sign of a further potential price plummet. Sellers would then use the next support located at 0.05075 DKK as an objective. Crossing it would then enable sellers to target 0.04985 DKK. Caution, a return to above the resistance located at 0.05294 DKK would be a sign of a possible consolidation phase of the short-term basic trend. 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

6.1

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 0.05161 DKK. The price has increased by +0.64% since the last closing and was between 0.05113 DKK and 0.05162 DKK. This implies that the price is at +0.94% from its lowest and at -0.02% from its highest.

0.05113

0.05162

0.05161

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

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 HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in Daily of this JPY/DKK chart shows a sharp bearish trend. 89.29% of the signals given by moving averages are bearish. This strongly bearish trend is showing signs of slowing down given the slightly bearish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:

Bearish trend reversal : Moving Average 100

Type : Bearish

Timeframe : Daily

An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
But beware of excesses. The Central Indicators scanner currently detects this:

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

MACD indicator is back under 0

Type : Bearish

Timeframe : Daily

Ichimoku - Bearish crossover : Tenkan & Kijun

Type : Bearish

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Near horizontal support

Type : Bullish

Timeframe : Daily

Support of channel is broken

Type : Bearish

Timeframe : Daily

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.05075	0.05121	0.05159	0.05161	0.05294	0.05374	0.05425
Change (%)	-1.67%	-0.78%	-0.04%	-	+2.58%	+4.13%	+5.12%
Change	-0.00086	-0.00040	-0.00002	-	+0.00133	+0.00213	+0.00264
Level	Intermediate	Major	Intermediate	-	Intermediate	Major	Minor

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.05022	0.05073	0.05101	0.05152	0.05180	0.05231	0.05259
Camarilla	0.05106	0.05114	0.05121	0.05128	0.05135	0.05143	0.05150
Woodie	0.05010	0.05067	0.05089	0.05146	0.05168	0.05225	0.05247
Fibonacci	0.05073	0.05104	0.05122	0.05152	0.05183	0.05201	0.05231

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.05023	0.05104	0.05201	0.05282	0.05379	0.05460	0.05557
Camarilla	0.05249	0.05265	0.05282	0.05298	0.05314	0.05331	0.05347
Woodie	0.05031	0.05108	0.05209	0.05286	0.05387	0.05464	0.05565
Fibonacci	0.05104	0.05172	0.05214	0.05282	0.05350	0.05392	0.05460

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.04855	0.04986	0.05073	0.05204	0.05291	0.05422	0.05509
Camarilla	0.05101	0.05121	0.05141	0.05161	0.05181	0.05201	0.05221
Woodie	0.04834	0.04975	0.05052	0.05193	0.05270	0.05411	0.05488
Fibonacci	0.04986	0.05069	0.05120	0.05204	0.05287	0.05338	0.05422

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):	43.73
MACD (12,26,9):	-0.0001
Directional Movement:	2.22005
AROON (14):	-64.28571
DEMA (21):	0.05207
Parabolic SAR (0,02-0,02-0,2):	0.05345
Elder Ray (13):	-0.00072
Super Trend (3,10):	0.05083
Zig ZAG (10):	0.05155
VORTEX (21):	1.0007
Stochastique (14,3,5):	13.71
TEMA (21):	0.05207
Williams %R (14):	-82.80
Chande Momentum Oscillator (20):	-0.00138
Repulse (5,40,3):	-1.1511
ROCnROLL:	2
TRIX (15,9):	0.0142
Courbe Coppock:	0.90

MA7:	0.05217
MA20:	0.05210
MA50:	0.05219
MA100:	0.05222
MAexp7:	0.05195
MAexp20:	0.05211
MAexp50:	0.05217
MAexp100:	0.05225
Price / MA7:	-1.07%
Price / MA20:	-0.94%
Price / MA50:	-1.11%
Price / MA100:	-1.17%
Price / MAexp7:	-0.65%
Price / MAexp20:	-0.96%
Price / MAexp50:	-1.07%
Price / MAexp100:	-1.22%

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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