USD/DKK - 1H - Technical analysis published on 04/06/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
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Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Slightly bullish
Technical indicators
39%
17%
44%
My opinion
Bullish above 6.8172 DKK
My targets
6.8511 DKK (+0.0176)
6.8671 DKK (+0.0336)
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 6.8172 DKK. The buyers' bullish objective is set at 6.8511 DKK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 6.8671 DKK. If there is any crossing, the next objective would be the resistance located at 6.9045 DKK. If there is a bearish break in the support located at 6.8172 DKK some indecision would arise.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
2.5
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The USD/DKK rating is 6.8335 DKK. The price registered an increase of +0.00% on the session and was between 6.8240 DKK and 6.8450 DKK. This implies that the price is at +0.14% from its lowest and at -0.17% from its highest.6.8240
6.8450
6.8335
Here is a more detailed summary of the historical variations registered by USD/DKK:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this USD/DKK chart shows a slightly bullish trend. 53.57% 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 bullish signals that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators shows a slightly bullish signal.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
Resistance of triangle is broken
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 6.7538 | 6.7929 | 6.8172 | 6.8335 | 6.8511 | 6.8671 | 6.9045 |
| Change (%) | -1.17% | -0.59% | -0.24% | - | +0.26% | +0.49% | +1.04% |
| Change | -0.0797 | -0.0406 | -0.0163 | - | +0.0176 | +0.0336 | +0.0710 |
| Level | Major | Minor | Intermediate | - | Intermediate | Intermediate | 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 | 6.7544 | 6.7734 | 6.8033 | 6.8223 | 6.8522 | 6.8712 | 6.9011 |
| Camarilla | 6.8198 | 6.8242 | 6.8287 | 6.8332 | 6.8377 | 6.8422 | 6.8467 |
| Woodie | 6.7599 | 6.7761 | 6.8088 | 6.8250 | 6.8577 | 6.8739 | 6.9066 |
| Fibonacci | 6.7734 | 6.7921 | 6.8036 | 6.8223 | 6.8410 | 6.8525 | 6.8712 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.6959 | 6.7566 | 6.8135 | 6.8742 | 6.9311 | 6.9918 | 7.0487 |
| Camarilla | 6.8382 | 6.8489 | 6.8597 | 6.8705 | 6.8813 | 6.8921 | 6.9028 |
| Woodie | 6.6941 | 6.7557 | 6.8117 | 6.8733 | 6.9293 | 6.9909 | 7.0469 |
| Fibonacci | 6.7566 | 6.8015 | 6.8292 | 6.8742 | 6.9191 | 6.9468 | 6.9918 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.4956 | 6.6542 | 6.7624 | 6.9210 | 7.0292 | 7.1878 | 7.2960 |
| Camarilla | 6.7971 | 6.8216 | 6.8460 | 6.8705 | 6.8950 | 6.9194 | 6.9439 |
| Woodie | 6.4703 | 6.6416 | 6.7371 | 6.9084 | 7.0039 | 7.1752 | 7.2707 |
| Fibonacci | 6.6542 | 6.7562 | 6.8191 | 6.9210 | 7.0230 | 7.0859 | 7.1878 |
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): | 55.38 | |
| MACD (12,26,9): | 0.0044 | |
| Directional Movement: | 2.8480 | |
| AROON (14): | -42.8571 | |
| DEMA (21): | 6.8375 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.8438 | |
| Elder Ray (13): | -0.0007 | |
| Super Trend (3,10): | 6.8197 | |
| Zig ZAG (10): | 6.8353 | |
| VORTEX (21): | 1.1853 | |
| Stochastique (14,3,5): | 45.71 | |
| TEMA (21): | 6.8398 | |
| Williams %R (14): | -47.62 | |
| Chande Momentum Oscillator (20): | 0.0063 | |
| Repulse (5,40,3): | 0.0146 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0132 | |
| Courbe Coppock: | 0.14 |
| MA7: | 6.8385 | |
| MA20: | 6.9030 | |
| MA50: | 6.9364 | |
| MA100: | 6.9719 | |
| MAexp7: | 6.8342 | |
| MAexp20: | 6.8312 | |
| MAexp50: | 6.8275 | |
| MAexp100: | 6.8338 | |
| Price / MA7: | -0.07% | |
| Price / MA20: | -1.01% | |
| Price / MA50: | -1.48% | |
| Price / MA100: | -1.99% | |
| Price / MAexp7: | -0.01% | |
| Price / MAexp20: | +0.03% | |
| Price / MAexp50: | +0.09% | |
| Price / MAexp100: | -0.01% |
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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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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