USD/DKK - 1H - Technical analysis published on 12/28/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
28%
33%
39%
My opinion
Bearish under 6.5787 DKK
My targets
6.5508 DKK (-0.0167)
6.5174 DKK (-0.0501)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on USD/DKK. As long as you are under the resistance located at 6.5787 DKK, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 6.5508 DKK would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 6.5174 DKK as an objective. Crossing it would then enable sellers to target 6.4510 DKK. If the resistance 6.5787 DKK were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
3
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The USD/DKK price is 6.5675 DKK. The price has increased by +0.06% since the last closing and was traded between 6.5623 DKK and 6.5700 DKK over the period. The price is currently at +0.08% from its lowest and -0.04% from its highest.6.5623
6.5700
6.5675
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of USD/DKK indicates that the overall trend is bearish. 67.86% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
Momentum indicator is back over 0
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 support of channel
Type : Bullish
Timeframe : 1 hour
Near support of triangle
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 6.4510 | 6.5508 | 6.5630 | 6.5675 | 6.5787 | 6.6036 | 6.6280 |
| Change (%) | -1.77% | -0.25% | -0.07% | - | +0.17% | +0.55% | +0.92% |
| Change | -0.1165 | -0.0167 | -0.0045 | - | +0.0112 | +0.0361 | +0.0605 |
| Level | Minor | Major | Minor | - | Major | Minor | 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 | 6.5383 | 6.5495 | 6.5565 | 6.5677 | 6.5747 | 6.5859 | 6.5929 |
| Camarilla | 6.5585 | 6.5602 | 6.5618 | 6.5635 | 6.5652 | 6.5668 | 6.5685 |
| Woodie | 6.5362 | 6.5485 | 6.5544 | 6.5667 | 6.5726 | 6.5849 | 6.5908 |
| Fibonacci | 6.5495 | 6.5565 | 6.5608 | 6.5677 | 6.5747 | 6.5790 | 6.5859 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.4797 | 6.5174 | 6.5437 | 6.5814 | 6.6077 | 6.6454 | 6.6717 |
| Camarilla | 6.5524 | 6.5583 | 6.5641 | 6.5700 | 6.5759 | 6.5817 | 6.5876 |
| Woodie | 6.4740 | 6.5146 | 6.5380 | 6.5786 | 6.6020 | 6.6426 | 6.6660 |
| Fibonacci | 6.5174 | 6.5419 | 6.5570 | 6.5814 | 6.6059 | 6.6210 | 6.6454 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.1829 | 6.2928 | 6.4283 | 6.5382 | 6.6737 | 6.7836 | 6.9191 |
| Camarilla | 6.4964 | 6.5189 | 6.5414 | 6.5639 | 6.5864 | 6.6089 | 6.6314 |
| Woodie | 6.1958 | 6.2992 | 6.4412 | 6.5446 | 6.6866 | 6.7900 | 6.9320 |
| Fibonacci | 6.2928 | 6.3865 | 6.4444 | 6.5382 | 6.6319 | 6.6898 | 6.7836 |
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): | 47.70 | |
| MACD (12,26,9): | -0.0009 | |
| Directional Movement: | -1.4209 | |
| AROON (14): | 7.1428 | |
| DEMA (21): | 6.5651 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.5746 | |
| Elder Ray (13): | -0.0002 | |
| Super Trend (3,10): | 6.5557 | |
| Zig ZAG (10): | 6.5656 | |
| VORTEX (21): | 0.9781 | |
| Stochastique (14,3,5): | 36.59 | |
| TEMA (21): | 6.5645 | |
| Williams %R (14): | -61.04 | |
| Chande Momentum Oscillator (20): | -0.0006 | |
| Repulse (5,40,3): | -0.0072 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0021 | |
| Courbe Coppock: | 0.05 |
| MA7: | 6.5733 | |
| MA20: | 6.5796 | |
| MA50: | 6.5252 | |
| MA100: | 6.4373 | |
| MAexp7: | 6.5655 | |
| MAexp20: | 6.5662 | |
| MAexp50: | 6.5675 | |
| MAexp100: | 6.5706 | |
| Price / MA7: | -0.09% | |
| Price / MA20: | -0.18% | |
| Price / MA50: | +0.65% | |
| Price / MA100: | +2.02% | |
| Price / MAexp7: | +0.03% | |
| Price / MAexp20: | +0.02% | |
| Price / MAexp50: | -0% | |
| Price / MAexp100: | -0.05% |
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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