JPY/DKK - 1H - Technical analysis published on 04/13/2023 (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:
Neutral
Underlying:
Bearish
Technical indicators
50%
17%
33%
My opinion
Bearish under 0.05121 DKK
My targets
0.05075 DKK (-0.00014)
0.05014 DKK (-0.00075)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on JPY/DKK. As long as you are under the resistance located at 0.05121 DKK, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 0.05075 DKK would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 0.05014 DKK as an objective. Crossing it would then enable sellers to target 0.04985 DKK. If the resistance 0.05121 DKK were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
2.1
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
JPY/DKK rating 0.05089 DKK. The price registered a decrease of -0.04% on the session and was between 0.05072 DKK and 0.05101 DKK. This implies that the price is at +0.34% from its lowest and at -0.24% from its highest.0.05072
0.05101
0.05089
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of JPY/DKK indicates that the overall trend is bearish. The signals given by moving averages are 75.00% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, only 9 technical indicators out of 18 analysed are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.04404 | 0.04985 | 0.05075 | 0.05089 | 0.05121 | 0.05140 | 0.05159 |
| Change (%) | -13.46% | -2.04% | -0.28% | - | +0.63% | +1.00% | +1.38% |
| Change | -0.00685 | -0.00104 | -0.00014 | - | +0.00032 | +0.00051 | +0.00070 |
| Level | Intermediate | Intermediate | Major | - | Intermediate | Minor | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.05048 | 0.05064 | 0.05078 | 0.05094 | 0.05108 | 0.05124 | 0.05138 |
| Camarilla | 0.05083 | 0.05086 | 0.05088 | 0.05091 | 0.05094 | 0.05097 | 0.05099 |
| Woodie | 0.05046 | 0.05064 | 0.05076 | 0.05094 | 0.05106 | 0.05124 | 0.05136 |
| Fibonacci | 0.05064 | 0.05076 | 0.05083 | 0.05094 | 0.05106 | 0.05113 | 0.05124 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.05014 | 0.05068 | 0.05118 | 0.05172 | 0.05222 | 0.05276 | 0.05326 |
| Camarilla | 0.05140 | 0.05150 | 0.05160 | 0.05169 | 0.05179 | 0.05188 | 0.05198 |
| Woodie | 0.05013 | 0.05067 | 0.05117 | 0.05171 | 0.05221 | 0.05275 | 0.05325 |
| Fibonacci | 0.05068 | 0.05107 | 0.05132 | 0.05172 | 0.05211 | 0.05236 | 0.05276 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.04819 | 0.04965 | 0.05070 | 0.05216 | 0.05321 | 0.05467 | 0.05572 |
| Camarilla | 0.05105 | 0.05128 | 0.05151 | 0.05174 | 0.05197 | 0.05220 | 0.05243 |
| Woodie | 0.04798 | 0.04955 | 0.05049 | 0.05206 | 0.05300 | 0.05457 | 0.05551 |
| Fibonacci | 0.04965 | 0.05061 | 0.05121 | 0.05216 | 0.05312 | 0.05372 | 0.05467 |
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): | 46.43 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | 1.55435 | |
| AROON (14): | 14.28571 | |
| DEMA (21): | 0.05083 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.05076 | |
| Elder Ray (13): | -0.00003 | |
| Super Trend (3,10): | 0.05101 | |
| Zig ZAG (10): | 0.05085 | |
| VORTEX (21): | 0.9483 | |
| Stochastique (14,3,5): | 35.63 | |
| TEMA (21): | 0.05086 | |
| Williams %R (14): | -51.72 | |
| Chande Momentum Oscillator (20): | 0.00006 | |
| Repulse (5,40,3): | 0.0637 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0077 | |
| Courbe Coppock: | 0.06 |
| MA7: | 0.05142 | |
| MA20: | 0.05194 | |
| MA50: | 0.05199 | |
| MA100: | 0.05223 | |
| MAexp7: | 0.05085 | |
| MAexp20: | 0.05087 | |
| MAexp50: | 0.05096 | |
| MAexp100: | 0.05114 | |
| Price / MA7: | -1.03% | |
| Price / MA20: | -2.02% | |
| Price / MA50: | -2.12% | |
| Price / MA100: | -2.57% | |
| Price / MAexp7: | +0.08% | |
| Price / MAexp20: | +0.04% | |
| Price / MAexp50: | -0.14% | |
| Price / MAexp100: | -0.49% |
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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