USD/DKK - 1H - Technical analysis published on 05/11/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Slightly bullish
Technical indicators
17%
44%
39%
My opinion
Bullish above 7.0340 DKK
My targets
7.0669 DKK (+0.0090)
7.0852 DKK (+0.0273)
My analysis
The bullish trend is truly tentative and does not seem to be supported in the short term. It is advisable to trade USD/DKK with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 7.0340 DKK. The buyers' bullish objective is set at 7.0669 DKK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 7.0852 DKK. If there is any crossing, the next objective would be the resistance located at 7.1545 DKK. If there is a bearish break in the support located at 7.0340 DKK some indecision would arise.
In the very short term, technical indicators are in opposition with the general bullish 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
0
10
0.9
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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 rating is 7.0579 DKK. The price is lower by -0.09% since the last closing and was between 7.0499 DKK and 7.0663 DKK. This implies that the price is at +0.11% from its lowest and at -0.12% from its highest.7.0499
7.0663
7.0579
Here is a more detailed summary of the historical variations registered by USD/DKK:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of USD/DKK indicates that the overall trend is slightly bullish. 57.14% of the signals given by moving averages are bullish. The slightly bullish signals given by short-term moving averages do not show a strengthening of this global trend. An assessment of moving averages reveals several bearish and bullish signals:
Bearish trend reversal : adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
Bearish trend reversal : adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators shows a slightly bearish signal.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
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:
Near support of channel
Type : Bullish
Timeframe : 1 hour
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Bullish harami
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 6.9923 | 7.0340 | 7.0514 | 7.0579 | 7.0669 | 7.0852 | 7.1545 |
| Change (%) | -0.93% | -0.34% | -0.09% | - | +0.13% | +0.39% | +1.37% |
| Change | -0.0656 | -0.0239 | -0.0065 | - | +0.0090 | +0.0273 | +0.0966 |
| Level | Intermediate | Major | Minor | - | Minor | Major | Intermediate |
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 | 6.9982 | 7.0125 | 7.0383 | 7.0526 | 7.0784 | 7.0927 | 7.1185 |
| Camarilla | 7.0530 | 7.0567 | 7.0603 | 7.0640 | 7.0677 | 7.0714 | 7.0750 |
| Woodie | 7.0039 | 7.0154 | 7.0440 | 7.0555 | 7.0841 | 7.0956 | 7.1242 |
| Fibonacci | 7.0125 | 7.0279 | 7.0373 | 7.0526 | 7.0680 | 7.0774 | 7.0927 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.8938 | 6.9431 | 6.9990 | 7.0483 | 7.1042 | 7.1535 | 7.2094 |
| Camarilla | 7.0261 | 7.0357 | 7.0454 | 7.0550 | 7.0646 | 7.0743 | 7.0839 |
| Woodie | 6.8972 | 6.9448 | 7.0024 | 7.0500 | 7.1076 | 7.1552 | 7.2128 |
| Fibonacci | 6.9431 | 6.9833 | 7.0081 | 7.0483 | 7.0885 | 7.1133 | 7.1535 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.4199 | 6.5677 | 6.8112 | 6.9590 | 7.2025 | 7.3503 | 7.5938 |
| Camarilla | 6.9470 | 6.9829 | 7.0187 | 7.0546 | 7.0905 | 7.1263 | 7.1622 |
| Woodie | 6.4677 | 6.5916 | 6.8590 | 6.9829 | 7.2503 | 7.3742 | 7.6416 |
| Fibonacci | 6.5677 | 6.7172 | 6.8096 | 6.9590 | 7.1085 | 7.2009 | 7.3503 |
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): | 46.59 | |
| MACD (12,26,9): | 0.0013 | |
| Directional Movement: | -8.7196 | |
| AROON (14): | -92.8571 | |
| DEMA (21): | 7.0589 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.0492 | |
| Elder Ray (13): | -0.0043 | |
| Super Trend (3,10): | 7.0362 | |
| Zig ZAG (10): | 7.0546 | |
| VORTEX (21): | 1.0992 | |
| Stochastique (14,3,5): | 15.75 | |
| TEMA (21): | 7.0592 | |
| Williams %R (14): | -82.74 | |
| Chande Momentum Oscillator (20): | -0.0115 | |
| Repulse (5,40,3): | -0.0962 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0059 | |
| Courbe Coppock: | 0.00 |
| MA7: | 7.0500 | |
| MA20: | 6.9853 | |
| MA50: | 6.8600 | |
| MA100: | 6.7159 | |
| MAexp7: | 7.0575 | |
| MAexp20: | 7.0566 | |
| MAexp50: | 7.0547 | |
| MAexp100: | 7.0540 | |
| Price / MA7: | +0.11% | |
| Price / MA20: | +1.04% | |
| Price / MA50: | +2.88% | |
| Price / MA100: | +5.09% | |
| Price / MAexp7: | +0.01% | |
| Price / MAexp20: | +0.02% | |
| Price / MAexp50: | +0.05% | |
| Price / MAexp100: | +0.06% |
Quotes :
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Real time data
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Forex
This member declared not having a position on this financial instrument or a related financial instrument.
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