USD/DKK - Daily - Technical analysis published on 09/01/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
67%
0%
33%
My opinion
Bullish above 7.4228 DKK
My targets
7.5553 DKK (+0.0732)
7.7016 DKK (+0.2195)
My analysis
USD/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 7.4228 DKK. The next resistance located at 7.5553 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 7.7016 DKK. After this resistance, buyers could then target 7.8913 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
0
10
8.2
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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 7.4821 DKK. The price registered an increase of +0.99% on the session and was traded between 7.4013 DKK and 7.4872 DKK over the period. The price is currently at +1.09% from its lowest and -0.07% from its highest.7.4013
7.4872
7.4821
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 (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 Daily chart of USD/DKK indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 12 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near resistance of channel
Type : Bearish
Timeframe : Daily
Near horizontal support
Type : Bullish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
Price
| S3 | S2 | S1 | Price | |
|---|---|---|---|---|
| ProTrendLines | 6.9089 | 7.1545 | 7.4228 | 7.4821 |
| Change (%) | -7.66% | -4.38% | -0.79% | - |
| Change | -0.5732 | -0.3276 | -0.0593 | - |
| Level | Major | Major | Major | - |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.2932 | 7.3361 | 7.3726 | 7.4155 | 7.4520 | 7.4949 | 7.5314 |
| Camarilla | 7.3873 | 7.3945 | 7.4018 | 7.4091 | 7.4164 | 7.4237 | 7.4309 |
| Woodie | 7.2900 | 7.3345 | 7.3694 | 7.4139 | 7.4488 | 7.4933 | 7.5282 |
| Fibonacci | 7.3361 | 7.3664 | 7.3852 | 7.4155 | 7.4458 | 7.4646 | 7.4949 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.2456 | 7.3085 | 7.3861 | 7.4490 | 7.5266 | 7.5895 | 7.6671 |
| Camarilla | 7.4252 | 7.4380 | 7.4509 | 7.4638 | 7.4767 | 7.4896 | 7.5024 |
| Woodie | 7.2531 | 7.3122 | 7.3936 | 7.4527 | 7.5341 | 7.5932 | 7.6746 |
| Fibonacci | 7.3085 | 7.3621 | 7.3953 | 7.4490 | 7.5026 | 7.5358 | 7.5895 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.8833 | 7.0296 | 7.2193 | 7.3656 | 7.5553 | 7.7016 | 7.8913 |
| Camarilla | 7.3167 | 7.3475 | 7.3783 | 7.4091 | 7.4399 | 7.4707 | 7.5015 |
| Woodie | 6.9051 | 7.0405 | 7.2411 | 7.3765 | 7.5771 | 7.7125 | 7.9131 |
| Fibonacci | 7.0296 | 7.1579 | 7.2372 | 7.3656 | 7.4939 | 7.5732 | 7.7016 |
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): | 63.70 | |
| MACD (12,26,9): | 0.0476 | |
| Directional Movement: | 8.1734 | |
| AROON (14): | 50.0000 | |
| DEMA (21): | 7.4505 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.3755 | |
| Elder Ray (13): | 0.0303 | |
| Super Trend (3,10): | 7.2577 | |
| Zig ZAG (10): | 7.4748 | |
| VORTEX (21): | 1.0739 | |
| Stochastique (14,3,5): | 75.43 | |
| TEMA (21): | 7.4608 | |
| Williams %R (14): | -12.61 | |
| Chande Momentum Oscillator (20): | 0.1655 | |
| Repulse (5,40,3): | 1.0119 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0831 | |
| Courbe Coppock: | 4.78 |
| MA7: | 7.4464 | |
| MA20: | 7.3680 | |
| MA50: | 7.3081 | |
| MA100: | 7.1604 | |
| MAexp7: | 7.4388 | |
| MAexp20: | 7.3890 | |
| MAexp50: | 7.2992 | |
| MAexp100: | 7.1647 | |
| Price / MA7: | +0.48% | |
| Price / MA20: | +1.55% | |
| Price / MA50: | +2.38% | |
| Price / MA100: | +4.49% | |
| Price / MAexp7: | +0.58% | |
| Price / MAexp20: | +1.26% | |
| Price / MAexp50: | +2.51% | |
| Price / MAexp100: | +4.43% |
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.
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