USD/DKK
USD DKK
- DKK (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: USDDKK
ISIN:

USD/DKK - 1H - Technical analysis published on 10/22/2021 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

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Summary of the analysis

Trends
Short term: Bearish
Underlying: Bearish
Technical indicators
11%
61%
28%
My opinion
Bearish under 6.4051 DKK
My targets
6.3766 DKK (-0.0139)
6.3446 DKK (-0.0459)
My analysis
There is a bearish trend on USD/DKK both at the basic level and in the short term. A sale could be considered, so long as the price remains below 6.4051 DKK. Each support break is a strong signal that the current trend will continue. The first bearish objective would be 6.3766 DKK. Then the price could move towards 6.3446 DKK. Then 6.2326 DKK by extension. Be careful, a return to above the resistance 6.4051 DKK would be a sign of a weakening of the trend and a possible rebound phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend is perhaps more risky.

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
0
10
5.2

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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The USD/DKK price is 6.3905 DKK. The price is lower by -0.16% since the last closing with the lowest point at 6.3885 DKK and the highest point at 6.4026 DKK. The deviation from the price is +0.03% for the low point and -0.19% for the high point.

6.3885
6.4026
6.3905

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by USD/DKK:
The study of the highest / lowest by the Central Records scanner shows the following result:

Central Records

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly



Technical


A technical analysis in 1H of this USD/DKK chart shows a bearish trend. The signals given by moving averages are at 71.43% bearish. This bearish trend shows slight signs of slowing down given the slightly bearish signals of short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:

Central Indicators

Bearish trend reversal : adaptative moving average 20

Type : Bearish

Timeframe : 1 hour


Bearish trend reversal : adaptative moving average 50

Type : Bearish

Timeframe : 1 hour


Bearish trend reversal : adaptative moving average 100

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with Moving Average 100

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with adaptative moving average 50

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with adaptative moving average 100

Type : Bearish

Timeframe : 1 hour



In fact, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bearish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly


RSI indicator is back under 50

Type : Bearish

Timeframe : 1 hour


Parabolic SAR indicator bearish reversal

Type : Bearish

Timeframe : 1 hour


Williams %R indicator is back under -50

Type : Bearish

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:

Central Patterns

Horizontal resistance is broken

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


S3S2S1PriceR1R2R3
ProTrendLines 6.3446 6.3766 6.3858 6.3905 6.3957 6.4051 6.4133
Change (%) -0.72% -0.22% -0.07% - +0.08% +0.23% +0.36%
Change -0.0459 -0.0139 -0.0047 - +0.0052 +0.0146 +0.0228
Level Intermediate 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
Standard6.35786.36756.38416.39386.41046.42016.4367
Camarilla6.39346.39586.39826.40066.40306.40546.4078
Woodie6.36126.36926.38756.39556.41386.42186.4401
Fibonacci6.36756.37766.38386.39386.40396.41016.4201


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard6.33516.36806.39076.42366.44636.47926.5019
Camarilla6.39806.40316.40826.41336.41846.42356.4286
Woodie6.32996.36556.38556.42116.44116.47676.4967
Fibonacci6.36806.38936.40246.42366.44496.45806.4792


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard6.11496.17956.30246.36706.48996.55456.6774
Camarilla6.37376.39096.40816.42536.44256.45976.4769
Woodie6.14416.19416.33166.38166.51916.56916.7066
Fibonacci6.17956.25116.29546.36706.43866.48296.5545

Numerical data


The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators
Moving averages

RSI (14): 41.83
MACD (12,26,9): 0.0014
Directional Movement: -5.1291
AROON (14): -78.5714
DEMA (21): 6.3986
Parabolic SAR (0,02-0,02-0,2): 6.4034
Elder Ray (13): -0.0044
Super Trend (3,10): 6.3888
Zig ZAG (10): 6.3900
VORTEX (21): 0.9837
Stochastique (14,3,5): 29.99
TEMA (21): 6.3984
Williams %R (14): -90.91
Chande Momentum Oscillator (20): -0.0118
Repulse (5,40,3): -0.1690
ROCnROLL: 2
TRIX (15,9): 0.0058
Courbe Coppock: 0.05
MA7: 6.4018
MA20: 6.4107
MA50: 6.3534
MA100: 6.3059
MAexp7: 6.3961
MAexp20: 6.3963
MAexp50: 6.3947
MAexp100: 6.3981
Price / MA7: -0.18%
Price / MA20: -0.32%
Price / MA50: +0.58%
Price / MA100: +1.34%
Price / MAexp7: -0.09%
Price / MAexp20: -0.09%
Price / MAexp50: -0.07%
Price / MAexp100: -0.12%

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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