JPY/DKK

- DKK (-)

- Real time data - Forex

Open:	-
Change:	-
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Low:	-
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High / Low range:	-

Type:	Forex
Ticker:	JPYDKK
ISIN:

JPY/DKK - 1H - Technical analysis published on 12/02/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

89%

11%

My opinion

Bullish above 0.04751 DKK

My targets

0.04783 DKK (+0.00017)

0.04870 DKK (+0.00104)

My analysis

JPY/DKK is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 0.04751 DKK. The next resistance located at 0.04783 DKK is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 0.04870 DKK. After this resistance, buyers could then target 0.04985 DKK. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

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

Force

8.9

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 0.04766 DKK. The price has increased by +1.23% since the last closing and was between 0.04701 DKK and 0.04770 DKK. This implies that the price is at +1.38% from its lowest and at -0.08% from its highest.

0.04701

0.04770

0.04766

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

The Central Records scanner for higher/lower results shows the following items:

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

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 bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

Technical indicators are strongly bullish, suggesting that the price increase should continue.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : 1 hour

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

Resistance of channel is broken

Type : Bullish

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	0.04648	0.04665	0.04719	0.04766	0.04783	0.04985	0.05580
Change (%)	-2.48%	-2.12%	-0.99%	-	+0.36%	+4.60%	+17.08%
Change	-0.00118	-0.00101	-0.00047	-	+0.00017	+0.00219	+0.00814
Level	Minor	Intermediate	Intermediate	-	Major	Intermediate	Minor

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	0.04630	0.04650	0.04679	0.04699	0.04728	0.04748	0.04777
Camarilla	0.04695	0.04699	0.04704	0.04708	0.04713	0.04717	0.04722
Woodie	0.04635	0.04652	0.04684	0.04701	0.04733	0.04750	0.04782
Fibonacci	0.04650	0.04669	0.04680	0.04699	0.04718	0.04729	0.04748

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.04513	0.04557	0.04632	0.04676	0.04751	0.04795	0.04870
Camarilla	0.04675	0.04686	0.04697	0.04708	0.04719	0.04730	0.04741
Woodie	0.04530	0.04565	0.04649	0.04684	0.04768	0.04803	0.04887
Fibonacci	0.04557	0.04602	0.04630	0.04676	0.04721	0.04749	0.04795

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.04328	0.04409	0.04558	0.04639	0.04788	0.04869	0.05018
Camarilla	0.04645	0.04666	0.04687	0.04708	0.04729	0.04750	0.04771
Woodie	0.04363	0.04426	0.04593	0.04656	0.04823	0.04886	0.05053
Fibonacci	0.04409	0.04497	0.04551	0.04639	0.04727	0.04781	0.04869

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):	78.24
MACD (12,26,9):	0.0001
Directional Movement:	31.50784
AROON (14):	78.57143
DEMA (21):	0.04740
Parabolic SAR (0,02-0,02-0,2):	0.04713
Elder Ray (13):	0.00027
Super Trend (3,10):	0.04722
Zig ZAG (10):	0.04755
VORTEX (21):	1.1750
Stochastique (14,3,5):	96.55
TEMA (21):	0.04748
Williams %R (14):	-6.90
Chande Momentum Oscillator (20):	0.00061
Repulse (5,40,3):	0.4700
ROCnROLL:	1
TRIX (15,9):	0.0248
Courbe Coppock:	1.22

MA7:	0.04673
MA20:	0.04591
MA50:	0.04583
MA100:	0.04595
MAexp7:	0.04743
MAexp20:	0.04727
MAexp50:	0.04708
MAexp100:	0.04685
Price / MA7:	+1.99%
Price / MA20:	+3.81%
Price / MA50:	+3.99%
Price / MA100:	+3.72%
Price / MAexp7:	+0.48%
Price / MAexp20:	+0.83%
Price / MAexp50:	+1.23%
Price / MAexp100:	+1.73%

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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