USD/DKK - 1H - Technical analysis published on 08/16/2022 (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:
Bullish
Technical indicators
22%
39%
39%
My opinion
Bullish above 7.2933 DKK
My targets
7.3289 DKK (+0.0150)
7.3978 DKK (+0.0839)
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 above the support located at 7.2933 DKK, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 7.3289 DKK would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 7.3978 DKK as an objective. Crossing it would then enable buyers to target 7.4228 DKK. If the support 7.2933 DKK were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
2
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
USD/DKK rating 7.3139 DKK. On the day, this instrument lost -0.07% with the lowest point at 7.2952 DKK and the highest point at 7.3467 DKK. The deviation from the price is +0.26% for the low point and -0.45% for the high point.7.2952
7.3467
7.3139
A study of price movements over other periods shows the following variations:
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 bullish. 71.43% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 7.1758 | 7.2545 | 7.2933 | 7.3139 | 7.3289 | 7.4228 |
| Change (%) | -1.89% | -0.81% | -0.28% | - | +0.21% | +1.49% |
| Change | -0.1381 | -0.0594 | -0.0206 | - | +0.0150 | +0.1089 |
| Level | Minor | Major | Intermediate | - | Major | Major |
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 | 7.1863 | 7.2151 | 7.2669 | 7.2957 | 7.3475 | 7.3763 | 7.4281 |
| Camarilla | 7.2966 | 7.3040 | 7.3114 | 7.3188 | 7.3262 | 7.3336 | 7.3410 |
| Woodie | 7.1979 | 7.2209 | 7.2785 | 7.3015 | 7.3591 | 7.3821 | 7.4397 |
| Fibonacci | 7.2151 | 7.2459 | 7.2649 | 7.2957 | 7.3265 | 7.3455 | 7.3763 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.0261 | 7.1010 | 7.1745 | 7.2494 | 7.3229 | 7.3978 | 7.4713 |
| Camarilla | 7.2073 | 7.2209 | 7.2345 | 7.2481 | 7.2617 | 7.2753 | 7.2889 |
| Woodie | 7.0255 | 7.1007 | 7.1739 | 7.2491 | 7.3223 | 7.3975 | 7.4707 |
| Fibonacci | 7.1010 | 7.1577 | 7.1927 | 7.2494 | 7.3061 | 7.3411 | 7.3978 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.7107 | 6.9040 | 7.0916 | 7.2849 | 7.4725 | 7.6658 | 7.8534 |
| Camarilla | 7.1745 | 7.2094 | 7.2443 | 7.2792 | 7.3141 | 7.3490 | 7.3840 |
| Woodie | 6.7079 | 6.9026 | 7.0888 | 7.2835 | 7.4697 | 7.6644 | 7.8506 |
| Fibonacci | 6.9040 | 7.0495 | 7.1394 | 7.2849 | 7.4304 | 7.5203 | 7.6658 |
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): | 47.77 | |
| MACD (12,26,9): | 0.0069 | |
| Directional Movement: | -5.7136 | |
| AROON (14): | -21.4285 | |
| DEMA (21): | 7.3297 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.3439 | |
| Elder Ray (13): | -0.0129 | |
| Super Trend (3,10): | 7.3466 | |
| Zig ZAG (10): | 7.3113 | |
| VORTEX (21): | 0.9456 | |
| Stochastique (14,3,5): | 18.12 | |
| TEMA (21): | 7.3232 | |
| Williams %R (14): | -70.49 | |
| Chande Momentum Oscillator (20): | -0.0077 | |
| Repulse (5,40,3): | -0.1332 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0233 | |
| Courbe Coppock: | 0.07 |
| MA7: | 7.2708 | |
| MA20: | 7.2886 | |
| MA50: | 7.2208 | |
| MA100: | 7.0852 | |
| MAexp7: | 7.3190 | |
| MAexp20: | 7.3176 | |
| MAexp50: | 7.2964 | |
| MAexp100: | 7.2793 | |
| Price / MA7: | +0.59% | |
| Price / MA20: | +0.35% | |
| Price / MA50: | +1.29% | |
| Price / MA100: | +3.23% | |
| Price / MAexp7: | -0.07% | |
| Price / MAexp20: | -0.05% | |
| Price / MAexp50: | +0.24% | |
| Price / MAexp100: | +0.47% |
Quotes :
-
Real time data
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Forex
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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