USD/DKK

- DKK (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Forex
Ticker:	USDDKK
ISIN:

USD/DKK - Daily - Technical analysis published on 03/03/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Neutral

Technical indicators

67%

33%

My opinion

Bullish above 6.8516 DKK

My targets

7.1545 DKK (+0.1350)

7.3415 DKK (+0.3220)

My analysis

The strong short-term increase of USD/DKK should quickly allow the basic trend to become bullish. As long as the price remains above the support located at 6.8516 DKK, a purchase could be considered. The first bullish objective is located at 7.1545 DKK. The bullish momentum would be boosted by a break in this resistance. Buyers could then target the resistance located at 7.3415 DKK. If there is any crossing, the next objective would be the resistance at 7.4219 DKK. Caution, if there is a return under 6.8516 DKK, it should not be forgotten that the basic trend is not yet clear. Caution would then be required.

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

3.6

Comment on the analysis

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.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The USD/DKK price is 7.0195 DKK. The price is lower by -0.03% since the last closing with the lowest point at 7.0010 DKK and the highest point at 7.0290 DKK. The deviation from the price is +0.26% for the low point and -0.14% for the high point.

7.0010

7.0290

7.0195

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bullish opening

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:

The Central Records scanner for higher/lower results shows the following items:

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in Daily of this USD/DKK chart shows a neutral trend. This indecision could turn into a bullish trend due to the strong bullish signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

The probability of a further increase are moderate given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:

MACD indicator: bearish divergence

Type : Bearish

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	6.7549	6.8516	7.0130	7.0195	7.1545	7.3415	7.4219
Change (%)	-3.77%	-2.39%	-0.09%	-	+1.92%	+4.59%	+5.73%
Change	-0.2646	-0.1679	-0.0065	-	+0.1350	+0.3220	+0.4024
Level	Intermediate	Minor	Major	-	Major	Intermediate	Minor

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	6.9205	6.9464	6.9840	7.0099	7.0475	7.0734	7.1110
Camarilla	7.0040	7.0099	7.0157	7.0215	7.0273	7.0331	7.0390
Woodie	6.9263	6.9493	6.9898	7.0128	7.0533	7.0763	7.1168
Fibonacci	6.9464	6.9707	6.9857	7.0099	7.0342	7.0492	7.0734

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	6.8804	6.9185	6.9886	7.0267	7.0968	7.1349	7.2050
Camarilla	7.0289	7.0388	7.0487	7.0586	7.0685	7.0784	7.0884
Woodie	6.8963	6.9265	7.0045	7.0347	7.1127	7.1429	7.2209
Fibonacci	6.9185	6.9599	6.9854	7.0267	7.0681	7.0936	7.1349

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	6.5070	6.6247	6.8309	6.9486	7.1548	7.2725	7.4787
Camarilla	6.9479	6.9776	7.0073	7.0370	7.0667	7.0964	7.1261
Woodie	6.5512	6.6468	6.8751	6.9707	7.1990	7.2946	7.5229
Fibonacci	6.6247	6.7485	6.8249	6.9486	7.0724	7.1488	7.2725

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):	56.40
MACD (12,26,9):	0.0274
Directional Movement:	3.7939
AROON (14):	64.2857
DEMA (21):	7.0143
Parabolic SAR (0,02-0,02-0,2):	7.0582
Elder Ray (13):	0.0172
Super Trend (3,10):	6.8930
Zig ZAG (10):	7.0168
VORTEX (21):	1.2348
Stochastique (14,3,5):	63.27
TEMA (21):	7.0449
Williams %R (14):	-30.90
Chande Momentum Oscillator (20):	0.0452
Repulse (5,40,3):	0.1004
ROCnROLL:	1
TRIX (15,9):	0.0551
Courbe Coppock:	2.17

MA7:	7.0209
MA20:	6.9824
MA50:	6.9364
MA100:	7.0940
MAexp7:	7.0106
MAexp20:	6.9814
MAexp50:	6.9844
MAexp100:	7.0551
Price / MA7:	-0.02%
Price / MA20:	+0.53%
Price / MA50:	+1.20%
Price / MA100:	-1.05%
Price / MAexp7:	+0.13%
Price / MAexp20:	+0.55%
Price / MAexp50:	+0.50%
Price / MAexp100:	-0.50%

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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