USD/DKK - 1H - Technical analysis published on 10/09/2023 (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:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
56%
22%
My opinion
Bearish under 7.0674 DKK
My targets
7.0341 DKK (-0.0209)
7.0233 DKK (-0.0317)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on USD/DKK as long as the price remains well below 7.0674 DKK. The sellers' bearish objective is set at 7.0341 DKK. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 7.0233 DKK. In case of crossing, the next objective would be the support located at 6.9641 DKK. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
6.8
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Additional analysis
Quotes
The USD/DKK price is 7.0550 DKK. On the day, this instrument gained +0.00% and was traded between 7.0512 DKK and 7.0891 DKK over the period. The price is currently at +0.05% from its lowest and -0.48% from its highest.7.0512
7.0891
7.0550
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
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of USD/DKK in 1H shows a overall strongly bearish trend. 89.29% 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 to suggest whether the signal given by the technical indicators is more bullish or bearish.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
CCI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
RSI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these bullish signals that could support the hypothesis of a small rebound in the very short term:
Bullish harami
Type : Bullish
Timeframe : 1 hour
Bullish harami cross
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 7.0233 | 7.0341 | 7.0488 | 7.0550 | 7.0581 | 7.0674 | 7.0816 |
| Change (%) | -0.45% | -0.30% | -0.09% | - | +0.04% | +0.18% | +0.38% |
| Change | -0.0317 | -0.0209 | -0.0062 | - | +0.0031 | +0.0124 | +0.0266 |
| Level | Major | Minor | Intermediate | - | Intermediate | Minor | 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 | 6.9421 | 6.9881 | 7.0217 | 7.0677 | 7.1013 | 7.1473 | 7.1809 |
| Camarilla | 7.0334 | 7.0407 | 7.0480 | 7.0553 | 7.0626 | 7.0699 | 7.0772 |
| Woodie | 6.9359 | 6.9850 | 7.0155 | 7.0646 | 7.0951 | 7.1442 | 7.1747 |
| Fibonacci | 6.9881 | 7.0185 | 7.0373 | 7.0677 | 7.0981 | 7.1169 | 7.1473 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.9088 | 6.9714 | 7.0134 | 7.0760 | 7.1180 | 7.1806 | 7.2226 |
| Camarilla | 7.0265 | 7.0361 | 7.0457 | 7.0553 | 7.0649 | 7.0745 | 7.0841 |
| Woodie | 6.8984 | 6.9663 | 7.0030 | 7.0709 | 7.1076 | 7.1755 | 7.2122 |
| Fibonacci | 6.9714 | 7.0114 | 7.0361 | 7.0760 | 7.1160 | 7.1407 | 7.1806 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.6255 | 6.7372 | 6.8951 | 7.0068 | 7.1647 | 7.2764 | 7.4343 |
| Camarilla | 6.9788 | 7.0035 | 7.0282 | 7.0529 | 7.0776 | 7.1023 | 7.1270 |
| Woodie | 6.6485 | 6.7488 | 6.9181 | 7.0184 | 7.1877 | 7.2880 | 7.4573 |
| Fibonacci | 6.7372 | 6.8402 | 6.9039 | 7.0068 | 7.1098 | 7.1735 | 7.2764 |
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): | 41.38 | |
| MACD (12,26,9): | -0.0031 | |
| Directional Movement: | -9.4708 | |
| AROON (14): | -85.7143 | |
| DEMA (21): | 7.0618 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.0437 | |
| Elder Ray (13): | -0.0079 | |
| Super Trend (3,10): | 7.0507 | |
| Zig ZAG (10): | 7.0537 | |
| VORTEX (21): | 1.0064 | |
| Stochastique (14,3,5): | 8.70 | |
| TEMA (21): | 7.0599 | |
| Williams %R (14): | -96.14 | |
| Chande Momentum Oscillator (20): | -0.0289 | |
| Repulse (5,40,3): | -0.0959 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0003 | |
| Courbe Coppock: | 0.43 |
| MA7: | 7.0815 | |
| MA20: | 7.0331 | |
| MA50: | 6.9278 | |
| MA100: | 6.8757 | |
| MAexp7: | 7.0593 | |
| MAexp20: | 7.0648 | |
| MAexp50: | 7.0695 | |
| MAexp100: | 7.0756 | |
| Price / MA7: | -0.37% | |
| Price / MA20: | +0.31% | |
| Price / MA50: | +1.84% | |
| Price / MA100: | +2.61% | |
| Price / MAexp7: | -0.06% | |
| Price / MAexp20: | -0.14% | |
| Price / MAexp50: | -0.21% | |
| Price / MAexp100: | -0.29% |
Quotes :
-
Real time data
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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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