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 08/28/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

83%

17%

My opinion

Bullish above 6.8501 DKK

My targets

6.9650 DKK (+0.0658)

7.0577 DKK (+0.1585)

My analysis

USD/DKK is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 6.8501 DKK. The next resistance located at 6.9650 DKK is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 7.0577 DKK. After this resistance, buyers could then target 7.1545 DKK. With the current pattern, you will need to monitor for possible bullish 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 bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

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

7.7

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

USD/DKK rating 6.8992 DKK. On the day, this instrument lost -0.01% with the lowest point at 6.8863 DKK and the highest point at 6.9072 DKK. The deviation from the price is +0.19% for the low point and -0.12% for the high point.

6.8863

6.9072

6.8992

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

Here is a more detailed summary of the historical variations registered by USD/DKK:

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

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

Technical analysis of this Daily chart of USD/DKK indicates that the overall trend is strongly bullish. 82.14% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, according to the parameters integrated into the Central Analyzer system, 15 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Near resistance of channel

Type : Bearish

Timeframe : Daily

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	6.6296	6.7549	6.8501	6.8992	6.9650	7.0577	7.1545
Change (%)	-3.91%	-2.09%	-0.71%	-	+0.95%	+2.30%	+3.70%
Change	-0.2696	-0.1443	-0.0491	-	+0.0658	+0.1585	+0.2553
Level	Minor	Minor	Major	-	Major	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	6.8268	6.8508	6.8754	6.8994	6.9240	6.9480	6.9726
Camarilla	6.8865	6.8910	6.8955	6.8999	6.9044	6.9088	6.9133
Woodie	6.8270	6.8510	6.8756	6.8996	6.9242	6.9482	6.9728
Fibonacci	6.8508	6.8694	6.8809	6.8994	6.9180	6.9295	6.9480

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	6.7313	6.7744	6.8372	6.8803	6.9431	6.9862	7.0490
Camarilla	6.8708	6.8805	6.8902	6.8999	6.9096	6.9193	6.9290
Woodie	6.7411	6.7793	6.8470	6.8852	6.9529	6.9911	7.0588
Fibonacci	6.7744	6.8149	6.8399	6.8803	6.9208	6.9458	6.9862

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	6.3631	6.4855	6.6310	6.7534	6.8989	7.0213	7.1668
Camarilla	6.7027	6.7273	6.7518	6.7764	6.8010	6.8255	6.8501
Woodie	6.3746	6.4913	6.6425	6.7592	6.9104	7.0271	7.1783
Fibonacci	6.4855	6.5879	6.6511	6.7534	6.8558	6.9190	7.0213

Numerical data

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

Technical indicators

Moving averages

RSI (14):	66.61
MACD (12,26,9):	0.0315
Directional Movement:	14.5567
AROON (14):	78.5714
DEMA (21):	6.8739
Parabolic SAR (0,02-0,02-0,2):	6.8282
Elder Ray (13):	0.0411
Super Trend (3,10):	6.7682
Zig ZAG (10):	6.8943
VORTEX (21):	1.1567
Stochastique (14,3,5):	89.88
TEMA (21):	6.9027
Williams %R (14):	-15.15
Chande Momentum Oscillator (20):	0.1095
Repulse (5,40,3):	0.2846
ROCnROLL:	1
TRIX (15,9):	0.0519
Courbe Coppock:	2.60

MA7:	6.8743
MA20:	6.8300
MA50:	6.7893
MA100:	6.8180
MAexp7:	6.8773
MAexp20:	6.8374
MAexp50:	6.8165
MAexp100:	6.8443
Price / MA7:	+0.36%
Price / MA20:	+1.01%
Price / MA50:	+1.62%
Price / MA100:	+1.19%
Price / MAexp7:	+0.32%
Price / MAexp20:	+0.91%
Price / MAexp50:	+1.21%
Price / MAexp100:	+0.80%

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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