JPY/DKK

- DKK (-)

- Real time data - Forex

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Change:	-
Volume:	-

Low:	-
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High / Low range:	-

Type:	Forex
Ticker:	JPYDKK
ISIN:

JPY/DKK - 1H - Technical analysis published on 10/24/2024 (GMT)

Londinia

I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Bullish

Underlying: Bearish

Technical indicators

78%

17%

My opinion

Bearish under 0.04560 DKK

My targets

0.04520 DKK (-0.00028)

0.04514 DKK (-0.00034)

My analysis

In a bearish trend, the price of JPY/DKK tries to inflate a little with a slight short-term rebound. At this stage, no trend reversal is in sight. Globally, sellers have the upper hand. Traders may allow themselves to trade short positions (for sale) as long as the price remains below the resistance located at 0.04560 DKK. A bearish break in the support located at 0.04520 DKK would revive the bearish momentum and fuel the basic trend. Then the price could move towards 0.04514 DKK. Then 0.04405 DKK by extension. It would be safer to wait for a bearish break in the support located at 0.04520 DKK before allowing yourself to re trade short positions (for sale) on JPY/DKK. PS: if there is a bullish break in the resistance located at 0.04560 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.

In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.

Force

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 0.04548 DKK. On the day, this instrument gained +0.42% and was between 0.04528 DKK and 0.04548 DKK. This implies that the price is at +0.44% from its lowest and at 0% from its highest.

0.04528

0.04548

Here is a more detailed summary of the historical variations registered by JPY/DKK:

The Central Records scanner for higher/lower results shows an item:

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 bearish. 64.29% of the signals given by moving averages are bearish. Caution: the slightly bullish signals currently being given by short-term moving averages indicate that this bearish trend may be slowing down. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, 14 technical indicators on 18 studied are currently bullish. 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

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

RSI indicator is back over 50

Type : Bullish

Timeframe : 1 hour

Price is back over the pivot point

Type : Bullish

Timeframe : 1 hour

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

Near resistance of channel

Type : Bearish

Timeframe : 1 hour

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.04405	0.04520	0.04545	0.04548	0.04560	0.04570	0.04580
Change (%)	-3.14%	-0.62%	-0.07%	-	+0.26%	+0.48%	+0.70%
Change	-0.00143	-0.00028	-0.00003	-	+0.00012	+0.00022	+0.00032
Level	Intermediate	Intermediate	Major	-	Minor	Minor	Major

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.04459	0.04490	0.04509	0.04540	0.04559	0.04590	0.04609
Camarilla	0.04515	0.04520	0.04524	0.04529	0.04534	0.04538	0.04543
Woodie	0.04454	0.04487	0.04504	0.04537	0.04554	0.04587	0.04604
Fibonacci	0.04490	0.04509	0.04521	0.04540	0.04559	0.04571	0.04590

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.04514	0.04537	0.04564	0.04587	0.04614	0.04637	0.04664
Camarilla	0.04577	0.04582	0.04586	0.04591	0.04596	0.04600	0.04605
Woodie	0.04516	0.04538	0.04566	0.04588	0.04616	0.04638	0.04666
Fibonacci	0.04537	0.04556	0.04568	0.04587	0.04606	0.04618	0.04637

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):	56.11
MACD (12,26,9):	0.0000
Directional Movement:	9.95732
AROON (14):	100.00000
DEMA (21):	0.04532
Parabolic SAR (0,02-0,02-0,2):	0.04529
Elder Ray (13):	0.00006
Super Trend (3,10):	0.04546
Zig ZAG (10):	0.04544
VORTEX (21):	1.0813
Stochastique (14,3,5):	80.65
TEMA (21):	0.04536
Williams %R (14):	-11.11
Chande Momentum Oscillator (20):	0.00011
Repulse (5,40,3):	0.1780
ROCnROLL:	-1
TRIX (15,9):	-0.0164
Courbe Coppock:	0.37

MA7:	0.04571
MA20:	0.04595
MA50:	0.04637
MA100:	0.04536
MAexp7:	0.04538
MAexp20:	0.04536
MAexp50:	0.04546
MAexp100:	0.04559
Price / MA7:	-0.50%
Price / MA20:	-1.02%
Price / MA50:	-1.92%
Price / MA100:	+0.26%
Price / MAexp7:	+0.22%
Price / MAexp20:	+0.26%
Price / MAexp50:	+0.04%
Price / MAexp100:	-0.24%

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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