USD/DKK - 1H - Technical analysis published on 05/29/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
39%
33%
28%
My opinion
Bullish above 6.9219 DKK
My targets
6.9575 DKK (+0.0124)
7.0130 DKK (+0.0679)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on USD/DKK as long as the price remains well above 6.9219 DKK. The buyers' bullish objective is set at 6.9575 DKK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 7.0130 DKK. If there is any crossing, the next objective would be the resistance located at 7.1545 DKK. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
5.5
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Additional analysis
Quotes
USD/DKK rating 6.9451 DKK. The price registered a decrease of -0.01% on the session with the lowest point at 6.9336 DKK and the highest point at 6.9521 DKK. The deviation from the price is +0.17% for the low point and -0.10% for the high point.6.9336
6.9521
6.9451
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
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 1H of this USD/DKK chart shows a strongly bullish trend. The signals given by moving averages are 89.29% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
MACD indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near support of channel
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 6.8766 | 6.8953 | 6.9219 | 6.9451 | 6.9575 | 7.0130 | 7.1545 |
| Change (%) | -0.99% | -0.72% | -0.33% | - | +0.18% | +0.98% | +3.02% |
| Change | -0.0685 | -0.0498 | -0.0232 | - | +0.0124 | +0.0679 | +0.2094 |
| Level | Intermediate | Minor | Major | - | Intermediate | Major | Major |
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 | 6.8881 | 6.9055 | 6.9256 | 6.9430 | 6.9631 | 6.9805 | 7.0006 |
| Camarilla | 6.9355 | 6.9389 | 6.9424 | 6.9458 | 6.9492 | 6.9527 | 6.9561 |
| Woodie | 6.8896 | 6.9062 | 6.9271 | 6.9437 | 6.9646 | 6.9812 | 7.0021 |
| Fibonacci | 6.9055 | 6.9198 | 6.9286 | 6.9430 | 6.9573 | 6.9661 | 6.9805 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.8108 | 6.8436 | 6.8947 | 6.9275 | 6.9786 | 7.0114 | 7.0625 |
| Camarilla | 6.9227 | 6.9304 | 6.9381 | 6.9458 | 6.9535 | 6.9612 | 6.9689 |
| Woodie | 6.8200 | 6.8482 | 6.9039 | 6.9321 | 6.9878 | 7.0160 | 7.0717 |
| Fibonacci | 6.8436 | 6.8757 | 6.8955 | 6.9275 | 6.9596 | 6.9794 | 7.0114 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.4989 | 6.6082 | 6.6860 | 6.7953 | 6.8731 | 6.9824 | 7.0602 |
| Camarilla | 6.7125 | 6.7296 | 6.7468 | 6.7639 | 6.7811 | 6.7982 | 6.8154 |
| Woodie | 6.4833 | 6.6003 | 6.6704 | 6.7874 | 6.8575 | 6.9745 | 7.0446 |
| Fibonacci | 6.6082 | 6.6796 | 6.7238 | 6.7953 | 6.8667 | 6.9109 | 6.9824 |
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): | 49.76 | |
| MACD (12,26,9): | -0.0005 | |
| Directional Movement: | -2.6240 | |
| AROON (14): | -71.4285 | |
| DEMA (21): | 6.9421 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.9553 | |
| Elder Ray (13): | -0.0018 | |
| Super Trend (3,10): | 6.9269 | |
| Zig ZAG (10): | 6.9419 | |
| VORTEX (21): | 1.0874 | |
| Stochastique (14,3,5): | 27.54 | |
| TEMA (21): | 6.9402 | |
| Williams %R (14): | -52.97 | |
| Chande Momentum Oscillator (20): | -0.0035 | |
| Repulse (5,40,3): | 0.0887 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0005 | |
| Courbe Coppock: | 0.13 |
| MA7: | 6.9226 | |
| MA20: | 6.8497 | |
| MA50: | 6.8317 | |
| MA100: | 6.8844 | |
| MAexp7: | 6.9410 | |
| MAexp20: | 6.9423 | |
| MAexp50: | 6.9397 | |
| MAexp100: | 6.9297 | |
| Price / MA7: | +0.33% | |
| Price / MA20: | +1.39% | |
| Price / MA50: | +1.66% | |
| Price / MA100: | +0.88% | |
| Price / MAexp7: | +0.06% | |
| Price / MAexp20: | +0.04% | |
| Price / MAexp50: | +0.08% | |
| Price / MAexp100: | +0.23% |
Quotes :
-
Real time data
-
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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