USD/DKK - 15 min. - Technical analysis published on 11/10/2023 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
89%
6%
6%
My opinion
Bullish above 6.9801 DKK
My targets
7.0063 DKK (+0.0105)
7.0215 DKK (+0.0257)
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 6.9801 DKK. The buyers' bullish objective is set at 7.0063 DKK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 7.0215 DKK. If there is any crossing, the next objective would be the resistance located at 7.0477 DKK. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
8.8
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Additional analysis
Quotes
The USD/DKK rating is 6.9958 DKK. On the day, this instrument gained +0.07% with the lowest point at 6.9858 DKK and the highest point at 6.9976 DKK. The deviation from the price is +0.14% for the low point and -0.03% for the high point.6.9858
6.9976
6.9958
The Central Gaps scanner detects a bearish opening. A small advantage for sellers 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 HIGH record (1 year)
Type : Bullish
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 15 min. of this USD/DKK chart shows a strongly bullish trend. 92.86% 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, 16 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 15 minutes
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 15 minutes
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 15 minutes
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : 15 minutes
Resistance of channel is broken
Type : Bullish
Timeframe : 15 minutes
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 6.9344 | 6.9641 | 6.9831 | 6.9958 | 6.9962 | 7.0200 | 7.0479 |
| Change (%) | -0.88% | -0.45% | -0.18% | - | +0.01% | +0.35% | +0.74% |
| Change | -0.0614 | -0.0317 | -0.0127 | - | +0.0004 | +0.0242 | +0.0521 |
| Level | Intermediate | Major | Minor | - | Major | Minor | Minor |
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 | 6.9235 | 6.9387 | 6.9649 | 6.9801 | 7.0063 | 7.0215 | 7.0477 |
| Camarilla | 6.9797 | 6.9835 | 6.9873 | 6.9911 | 6.9949 | 6.9987 | 7.0025 |
| Woodie | 6.9290 | 6.9415 | 6.9704 | 6.9829 | 7.0118 | 7.0243 | 7.0532 |
| Fibonacci | 6.9387 | 6.9545 | 6.9643 | 6.9801 | 6.9959 | 7.0057 | 7.0215 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.7435 | 6.8433 | 6.8979 | 6.9977 | 7.0523 | 7.1521 | 7.2067 |
| Camarilla | 6.9100 | 6.9242 | 6.9384 | 6.9525 | 6.9667 | 6.9808 | 6.9950 |
| Woodie | 6.7209 | 6.8320 | 6.8753 | 6.9864 | 7.0297 | 7.1408 | 7.1841 |
| Fibonacci | 6.8433 | 6.9023 | 6.9387 | 6.9977 | 7.0567 | 7.0931 | 7.1521 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.8172 | 6.8981 | 6.9770 | 7.0579 | 7.1368 | 7.2177 | 7.2966 |
| Camarilla | 7.0121 | 7.0267 | 7.0414 | 7.0560 | 7.0707 | 7.0853 | 7.1000 |
| Woodie | 6.8163 | 6.8976 | 6.9761 | 7.0574 | 7.1359 | 7.2172 | 7.2957 |
| Fibonacci | 6.8981 | 6.9591 | 6.9968 | 7.0579 | 7.1189 | 7.1566 | 7.2177 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 61.88 | |
| MACD (12,26,9): | 0.0011 | |
| Directional Movement: | 11.9593 | |
| AROON (14): | 100.0000 | |
| DEMA (21): | 6.9919 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.9890 | |
| Elder Ray (13): | 0.0026 | |
| Super Trend (3,10): | 6.9867 | |
| Zig ZAG (10): | 6.9933 | |
| VORTEX (21): | 1.1459 | |
| Stochastique (14,3,5): | 80.50 | |
| TEMA (21): | 6.9916 | |
| Williams %R (14): | -2.27 | |
| Chande Momentum Oscillator (20): | 0.0068 | |
| Repulse (5,40,3): | 0.1099 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0017 | |
| Courbe Coppock: | 0.09 |
| MA7: | 6.9807 | |
| MA20: | 7.0269 | |
| MA50: | 7.0222 | |
| MA100: | 6.9080 | |
| MAexp7: | 6.9916 | |
| MAexp20: | 6.9903 | |
| MAexp50: | 6.9870 | |
| MAexp100: | 6.9821 | |
| Price / MA7: | +0.22% | |
| Price / MA20: | -0.44% | |
| Price / MA50: | -0.38% | |
| Price / MA100: | +1.27% | |
| Price / MAexp7: | +0.06% | |
| Price / MAexp20: | +0.08% | |
| Price / MAexp50: | +0.13% | |
| Price / MAexp100: | +0.20% |
Quotes :
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Real time data
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Forex
This member declared not having a position on this financial instrument or a related financial instrument.
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