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USD/DKK
USD DKK
6.9113 DKK (+0.04%)
03/28/2025 - 08:04 Open Real time data - Forex
Open: 6.9083
Change: +0.0030
Volume: 33,833
Low: 6.9083
High: 6.9202
High / Low range: 0.0119
Type: Forex
Ticker: USDDKK
ISIN:

USD/DKK - Daily - Technical analysis published on 02/05/2023 (GMT)

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  • 02/05/2023 - 23:35
Londinia
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  • Timeframe : Daily
  • - Analysis generated on 02/05/2023 - 23:35
  • Status : INVALID

Summary of the analysis

Trends
Short term: Neutral
Underlying: Bearish
Technical indicators
67%
6%
28%
My opinion
Bearish under 7.0130 DKK
My targets
6.8501 DKK (-0.0472)
6.6290 DKK (-0.2683)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 7.0130 DKK remains possible. It is advisable to trade USD/DKK with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 7.0130 DKK. The next bearish objective for sellers is set at 6.8501 DKK. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 6.6290 DKK. In case of crossing, the next objective would be the support located at 6.4447 DKK. PS: if there is a bullish break in the resistance located at 7.0130 DKK we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.

In the very short term, technical indicators are in opposition with the general bearish 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
1.3

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.

Londinia
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

Additional analysis

Quotes

The USD/DKK rating is 6.8973 DKK. On the day, this instrument gained +0.00% and was traded between 6.8937 DKK and 6.9038 DKK over the period. The price is currently at +0.05% from its lowest and -0.09% from its highest.

6.8937
6.9038
6.8973

The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.

Central Gaps

Opening Gap UP

Type : Bullish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:
Created with Raphaël 2.3.0-10-50510January 1st3 years1 year6 months1 month5 daysToday
The Central Records scanner for higher/lower results shows the following items:

Central Records

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of this Daily chart of USD/DKK indicates that the overall trend is bearish. 75.00% 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. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:

Central Indicators

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : Daily



In fact, 12 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

The Central Indicators scanner found this result concerning these indicators:

Central Indicators

RSI indicator is back under 50

Type : Bearish

Timeframe : Daily



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : Daily


Resistance of channel is broken

Type : Bullish

Timeframe : Daily



The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:

Central Candlesticks

Bearish doji star

Type : Bearish

Timeframe : Daily




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 6.2372 6.4447 6.8501 6.8973 7.0130 7.1545 7.3415
Change (%) -9.57% -6.56% -0.68% - +1.68% +3.73% +6.44%
Change -0.6601 -0.4526 -0.0472 - +0.1157 +0.2572 +0.4442
Level Minor Intermediate Major - Intermediate Major Intermediate



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard6.74156.77306.83526.86676.92896.96047.0226
Camarilla6.87166.88026.88886.89746.90606.91466.9232
Woodie6.75696.78076.85066.87446.94436.96817.0380
Fibonacci6.77306.80886.83096.86676.90256.92466.9604


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard6.63826.69036.79396.84606.94967.00177.1053
Camarilla6.85466.86896.88316.89746.91176.92606.9402
Woodie6.66396.70326.81966.85896.97537.01467.1310
Fibonacci6.69036.74986.78666.84606.90556.94237.0017


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard6.45146.62906.73916.91677.02687.20447.3145
Camarilla6.77016.79656.82286.84926.87566.90206.9283
Woodie6.41776.61216.70546.89986.99317.18757.2808
Fibonacci6.62906.73896.80686.91677.02667.09457.2044

Numerical data


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

Technical indicators
Created with Raphaël 2.3.0Buy12
Moving averages
Created with Raphaël 2.3.0Sell21

RSI (14): 49.98
MACD (12,26,9): -0.0357
Directional Movement: -6.8461
AROON (14): -71.4285
DEMA (21): 6.8193
Parabolic SAR (0,02-0,02-0,2): 6.7456
Elder Ray (13): 0.0413
Super Trend (3,10): 6.9695
Zig ZAG (10): 6.8960
VORTEX (21): 0.9221
Stochastique (14,3,5): 77.83
TEMA (21): 6.8379
Williams %R (14): -8.15
Chande Momentum Oscillator (20): 0.0289
Repulse (5,40,3): 1.0175
ROCnROLL: -1
TRIX (15,9): -0.0980
Courbe Coppock: 1.18
MA7: 6.8457
MA20: 6.8578
MA50: 6.9596
MA100: 7.2120
MAexp7: 6.8556
MAexp20: 6.8737
MAexp50: 6.9749
MAexp100: 7.0860
Price / MA7: +0.75%
Price / MA20: +0.58%
Price / MA50: -0.90%
Price / MA100: -4.36%
Price / MAexp7: +0.61%
Price / MAexp20: +0.34%
Price / MAexp50: -1.11%
Price / MAexp100: -2.66%

Quotes : 02/05/2023 - 23:35 - Real time data - Forex

This member declared not having a position on this financial instrument or a related financial instrument.

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Londinia
Londinia AI

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