JPY/DKK - 1H - Technical analysis published on 04/17/2024 (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
33%
28%
39%
My opinion
Bearish under 0.04545 DKK
My targets
0.04531 DKK (-0.00009)
0.04521 DKK (-0.00019)
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 0.04545 DKK, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 0.04531 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 0.04521 DKK as an objective. Crossing it would then enable sellers to target 0.04401 DKK. If the resistance 0.04545 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 sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
2.7
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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 0.04540 DKK. The price registered a decrease of -0.02% on the session and was traded between 0.04529 DKK and 0.04552 DKK over the period. The price is currently at +0.24% from its lowest and -0.26% from its highest.0.04529
0.04552
0.04540
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
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 JPY/DKK in 1H shows an overall bearish trend. The signals given by moving averages are 67.86% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
In fact, of the 18 technical indicators analysed by Central Analyzer, 6 are bullish, 7 are neutral and 5 are bearish. Caution: the Central Indicators scanner currently detects an excess:
MACD indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near support of triangle
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.04401 | 0.04521 | 0.04531 | 0.04540 | 0.04545 | 0.04558 | 0.04582 |
| Change (%) | -3.06% | -0.42% | -0.20% | - | +0.11% | +0.40% | +0.93% |
| Change | -0.00139 | -0.00019 | -0.00009 | - | +0.00005 | +0.00018 | +0.00042 |
| Level | Intermediate | Minor | Intermediate | - | Major | Intermediate | Major |
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 | 0.04502 | 0.04516 | 0.04529 | 0.04543 | 0.04556 | 0.04570 | 0.04583 |
| Camarilla | 0.04534 | 0.04536 | 0.04539 | 0.04541 | 0.04544 | 0.04546 | 0.04548 |
| Woodie | 0.04501 | 0.04516 | 0.04528 | 0.04543 | 0.04555 | 0.04570 | 0.04582 |
| Fibonacci | 0.04516 | 0.04527 | 0.04533 | 0.04543 | 0.04554 | 0.04560 | 0.04570 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.04448 | 0.04482 | 0.04529 | 0.04563 | 0.04610 | 0.04644 | 0.04691 |
| Camarilla | 0.04554 | 0.04561 | 0.04569 | 0.04576 | 0.04583 | 0.04591 | 0.04598 |
| Woodie | 0.04455 | 0.04485 | 0.04536 | 0.04566 | 0.04617 | 0.04647 | 0.04698 |
| Fibonacci | 0.04482 | 0.04513 | 0.04532 | 0.04563 | 0.04594 | 0.04613 | 0.04644 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.04357 | 0.04433 | 0.04500 | 0.04576 | 0.04643 | 0.04719 | 0.04786 |
| Camarilla | 0.04527 | 0.04540 | 0.04553 | 0.04566 | 0.04579 | 0.04592 | 0.04605 |
| Woodie | 0.04352 | 0.04431 | 0.04495 | 0.04574 | 0.04638 | 0.04717 | 0.04781 |
| Fibonacci | 0.04433 | 0.04488 | 0.04522 | 0.04576 | 0.04631 | 0.04665 | 0.04719 |
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): | 49.04 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | 6.94538 | |
| AROON (14): | -50.00000 | |
| DEMA (21): | 0.04535 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.04542 | |
| Elder Ray (13): | 0.00001 | |
| Super Trend (3,10): | 0.04550 | |
| Zig ZAG (10): | 0.04539 | |
| VORTEX (21): | 0.9643 | |
| Stochastique (14,3,5): | 31.88 | |
| TEMA (21): | 0.04536 | |
| Williams %R (14): | -52.17 | |
| Chande Momentum Oscillator (20): | -0.00001 | |
| Repulse (5,40,3): | 0.1697 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0073 | |
| Courbe Coppock: | 0.19 |
| MA7: | 0.04545 | |
| MA20: | 0.04549 | |
| MA50: | 0.04577 | |
| MA100: | 0.04640 | |
| MAexp7: | 0.04537 | |
| MAexp20: | 0.04538 | |
| MAexp50: | 0.04543 | |
| MAexp100: | 0.04545 | |
| Price / MA7: | -0.11% | |
| Price / MA20: | -0.20% | |
| Price / MA50: | -0.81% | |
| Price / MA100: | -2.16% | |
| Price / MAexp7: | +0.07% | |
| Price / MAexp20: | +0.04% | |
| Price / MAexp50: | -0.07% | |
| Price / MAexp100: | -0.11% |
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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