USD/DKK - 1H - Technical analysis published on 06/16/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
56%
22%
My opinion
Bearish under 6.8522 DKK
My targets
6.7549 DKK (-0.0533)
6.6094 DKK (-0.1988)
My analysis
USD/DKK is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 6.8522 DKK. The next support located at 6.7549 DKK is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 6.6094 DKK. Below this support, sellers could then target 6.4447 DKK. With the current pattern, you will need to monitor for possible bearish 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 bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
7.1
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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 price is 6.8082 DKK. The price registered an increase of +0.00% on the session and was traded between 6.8050 DKK and 6.8118 DKK over the period. The price is currently at +0.05% from its lowest and -0.05% from its highest.6.8050
6.8118
6.8082
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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 sharp bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
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:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
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 | 6.4447 | 6.7549 | 6.8037 | 6.8082 | 6.8522 | 6.9072 | 6.9418 |
| Change (%) | -5.34% | -0.78% | -0.07% | - | +0.65% | +1.45% | +1.96% |
| Change | -0.3635 | -0.0533 | -0.0045 | - | +0.0440 | +0.0990 | +0.1336 |
| Level | Intermediate | Major | Intermediate | - | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 6.6809 | 6.7423 | 6.7753 | 6.8367 | 6.8697 | 6.9311 | 6.9641 |
| Camarilla | 6.7823 | 6.7910 | 6.7997 | 6.8083 | 6.8170 | 6.8256 | 6.8343 |
| Woodie | 6.6667 | 6.7352 | 6.7611 | 6.8296 | 6.8555 | 6.9240 | 6.9499 |
| Fibonacci | 6.7423 | 6.7784 | 6.8006 | 6.8367 | 6.8728 | 6.8950 | 6.9311 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.8158 | 6.8612 | 6.8929 | 6.9383 | 6.9700 | 7.0154 | 7.0471 |
| Camarilla | 6.9034 | 6.9105 | 6.9175 | 6.9246 | 6.9317 | 6.9387 | 6.9458 |
| Woodie | 6.8090 | 6.8578 | 6.8861 | 6.9349 | 6.9632 | 7.0120 | 7.0403 |
| Fibonacci | 6.8612 | 6.8907 | 6.9089 | 6.9383 | 6.9678 | 6.9860 | 7.0154 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.5017 | 6.6094 | 6.7867 | 6.8944 | 7.0717 | 7.1794 | 7.3567 |
| Camarilla | 6.8857 | 6.9119 | 6.9380 | 6.9641 | 6.9902 | 7.0164 | 7.0425 |
| Woodie | 6.5366 | 6.6268 | 6.8216 | 6.9118 | 7.1066 | 7.1968 | 7.3916 |
| Fibonacci | 6.6094 | 6.7182 | 6.7855 | 6.8944 | 7.0032 | 7.0705 | 7.1794 |
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): | 28.31 | |
| MACD (12,26,9): | -0.0201 | |
| Directional Movement: | -22.5266 | |
| AROON (14): | -50.0000 | |
| DEMA (21): | 6.8038 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.8186 | |
| Elder Ray (13): | -0.0106 | |
| Super Trend (3,10): | 6.8330 | |
| Zig ZAG (10): | 6.8062 | |
| VORTEX (21): | 0.6311 | |
| Stochastique (14,3,5): | 5.43 | |
| TEMA (21): | 6.7957 | |
| Williams %R (14): | -97.25 | |
| Chande Momentum Oscillator (20): | -0.0312 | |
| Repulse (5,40,3): | -0.0399 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0405 | |
| Courbe Coppock: | 1.87 |
| MA7: | 6.8790 | |
| MA20: | 6.9186 | |
| MA50: | 6.8473 | |
| MA100: | 6.8916 | |
| MAexp7: | 6.8099 | |
| MAexp20: | 6.8296 | |
| MAexp50: | 6.8585 | |
| MAexp100: | 6.8821 | |
| Price / MA7: | -1.03% | |
| Price / MA20: | -1.60% | |
| Price / MA50: | -0.57% | |
| Price / MA100: | -1.21% | |
| Price / MAexp7: | -0.02% | |
| Price / MAexp20: | -0.31% | |
| Price / MAexp50: | -0.73% | |
| Price / MAexp100: | -1.07% |
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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