JPY/DKK

- DKK (-)

- Real time data - Forex

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Change:	-
Volume:	-

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High / Low range:	-

Type:	Forex
Ticker:	JPYDKK
ISIN:

JPY/DKK - 1H - Technical analysis published on 10/03/2024 (GMT)

Londinia

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

Summary of the analysis

Trends

Short term: Bearish

Underlying: Strongly bearish

Technical indicators

17%

56%

28%

My opinion

Bearish under 0.04627 DKK

My targets

0.04593 DKK (-0.00011)

0.04561 DKK (-0.00043)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on JPY/DKK as long as the price remains well below 0.04627 DKK. The next bearish objective for sellers is set at 0.04593 DKK. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.04561 DKK. If there is any crossing, the next objective would be the support located at 0.04545 DKK. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.

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

Force

6.6

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

JPY/DKK rating 0.04604 DKK. The price registered a decrease of -0.07% on the session with the lowest point at 0.04590 DKK and the highest point at 0.04622 DKK. The deviation from the price is +0.31% for the low point and -0.39% for the high point.

0.04590

0.04622

0.04604

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 this 1H chart of JPY/DKK indicates that the overall trend is strongly bearish. 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 currently does not detect any result that concerns moving averages.

In fact, 10 technical indicators on 18 studied are currently bearish. 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 this signal:

Near support of channel

Type : Bullish

Timeframe : 1 hour

There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:

Doji

Type : Neutral

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.04545	0.04561	0.04593	0.04604	0.04606	0.04627	0.04654
Change (%)	-1.28%	-0.93%	-0.24%	-	+0.04%	+0.50%	+1.09%
Change	-0.00059	-0.00043	-0.00011	-	+0.00002	+0.00023	+0.00050
Level	Major	Intermediate	Intermediate	-	Minor	Intermediate	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	0.04466	0.04532	0.04569	0.04635	0.04672	0.04738	0.04775
Camarilla	0.04579	0.04588	0.04598	0.04607	0.04616	0.04626	0.04635
Woodie	0.04453	0.04525	0.04556	0.04628	0.04659	0.04731	0.04762
Fibonacci	0.04532	0.04571	0.04595	0.04635	0.04674	0.04698	0.04738

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.04465	0.04513	0.04606	0.04654	0.04747	0.04795	0.04888
Camarilla	0.04660	0.04673	0.04686	0.04699	0.04712	0.04725	0.04738
Woodie	0.04488	0.04524	0.04629	0.04665	0.04770	0.04806	0.04911
Fibonacci	0.04513	0.04567	0.04600	0.04654	0.04708	0.04741	0.04795

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.04294	0.04427	0.04543	0.04676	0.04792	0.04925	0.05041
Camarilla	0.04590	0.04612	0.04635	0.04658	0.04681	0.04704	0.04727
Woodie	0.04285	0.04423	0.04534	0.04672	0.04783	0.04921	0.05032
Fibonacci	0.04427	0.04523	0.04581	0.04676	0.04772	0.04830	0.04925

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):	41.44
MACD (12,26,9):	-0.0001
Directional Movement:	-9.36201
AROON (14):	-14.28571
DEMA (21):	0.04601
Parabolic SAR (0,02-0,02-0,2):	0.04596
Elder Ray (13):	-0.00003
Super Trend (3,10):	0.04631
Zig ZAG (10):	0.04605
VORTEX (21):	1.0189
Stochastique (14,3,5):	42.86
TEMA (21):	0.04606
Williams %R (14):	-60.71
Chande Momentum Oscillator (20):	0.00000
Repulse (5,40,3):	-0.0448
ROCnROLL:	2
TRIX (15,9):	-0.0255
Courbe Coppock:	0.08

MA7:	0.04641
MA20:	0.04693
MA50:	0.04648
MA100:	0.04508
MAexp7:	0.04607
MAexp20:	0.04611
MAexp50:	0.04627
MAexp100:	0.04640
Price / MA7:	-0.80%
Price / MA20:	-1.90%
Price / MA50:	-0.95%
Price / MA100:	+2.13%
Price / MAexp7:	-0.07%
Price / MAexp20:	-0.15%
Price / MAexp50:	-0.50%
Price / MAexp100:	-0.78%

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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