JPY/DKK

- DKK (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

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

Type:	Forex
Ticker:	JPYDKK
ISIN:

JPY/DKK - 1H - Technical analysis published on 09/20/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bearish

Technical indicators

72%

28%

My opinion

Bearish under 0.04719 DKK

My targets

0.04663 DKK (-0.00034)

0.04625 DKK (-0.00072)

My analysis

Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 0.04719 DKK remains possible. It is advisable to trade JPY/DKK with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 0.04719 DKK. The next bearish objective for sellers is set at 0.04663 DKK. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.04625 DKK. In case of crossing, the next objective would be the support located at 0.04593 DKK. PS: if there is a bullish break in the resistance located at 0.04719 DKK we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.

Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.

Force

0.2

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.

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Additional analysis

Quotes

The JPY/DKK price is 0.04697 DKK. On the day, this instrument gained +0.39% and was traded between 0.04678 DKK and 0.04705 DKK over the period. The price is currently at +0.41% from its lowest and -0.17% from its highest.

0.04678

0.04705

0.04697

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

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

Near a new HIGH record (1st january)

Type : Bullish

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. 71.43% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found this result concerning these indicators:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

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

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

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

ProTrendLines

Price

	S3	S2	S1	R1	Price	R2	R3
ProTrendLines	0.04545	0.04593	0.04663	0.04697	0.04697	0.04719	0.04738
Change (%)	-3.24%	-2.21%	-0.72%	0%	-	+0.47%	+0.87%
Change	-0.00152	-0.00104	-0.00034	0	-	+0.00022	+0.00041
Level	Major	Intermediate	Intermediate	Minor	-	Intermediate	Major

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
Standard	0.04610	0.04636	0.04658	0.04684	0.04706	0.04732	0.04754
Camarilla	0.04666	0.04670	0.04675	0.04679	0.04683	0.04688	0.04692
Woodie	0.04607	0.04635	0.04655	0.04683	0.04703	0.04731	0.04751
Fibonacci	0.04636	0.04655	0.04666	0.04684	0.04703	0.04714	0.04732

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.04625	0.04663	0.04724	0.04762	0.04823	0.04861	0.04922
Camarilla	0.04758	0.04767	0.04776	0.04785	0.04794	0.04803	0.04812
Woodie	0.04637	0.04669	0.04736	0.04768	0.04835	0.04867	0.04934
Fibonacci	0.04663	0.04701	0.04724	0.04762	0.04800	0.04823	0.04861

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.04221	0.04387	0.04502	0.04668	0.04783	0.04949	0.05064
Camarilla	0.04541	0.04567	0.04592	0.04618	0.04644	0.04670	0.04695
Woodie	0.04197	0.04374	0.04478	0.04655	0.04759	0.04936	0.05040
Fibonacci	0.04387	0.04494	0.04560	0.04668	0.04775	0.04841	0.04949

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):	53.77
MACD (12,26,9):	0.0000
Directional Movement:	5.45821
AROON (14):	78.57143
DEMA (21):	0.04685
Parabolic SAR (0,02-0,02-0,2):	0.04674
Elder Ray (13):	0.00007
Super Trend (3,10):	0.04710
Zig ZAG (10):	0.04699
VORTEX (21):	1.0000
Stochastique (14,3,5):	74.83
TEMA (21):	0.04692
Williams %R (14):	-18.18
Chande Momentum Oscillator (20):	0.00023
Repulse (5,40,3):	0.1557
ROCnROLL:	-1
TRIX (15,9):	-0.0168
Courbe Coppock:	0.53

MA7:	0.04730
MA20:	0.04693
MA50:	0.04602
MA100:	0.04491
MAexp7:	0.04692
MAexp20:	0.04690
MAexp50:	0.04702
MAexp100:	0.04720
Price / MA7:	-0.70%
Price / MA20:	+0.09%
Price / MA50:	+2.06%
Price / MA100:	+4.59%
Price / MAexp7:	+0.11%
Price / MAexp20:	+0.15%
Price / MAexp50:	-0.11%
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.

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