USD/DKK

- DKK (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Forex
Ticker:	USDDKK
ISIN:

USD/DKK - 1H - Technical analysis published on 07/25/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

39%

22%

39%

My opinion

Bullish above 6.8629 DKK

My targets

6.8918 DKK (+0.0088)

6.8994 DKK (+0.0164)

My analysis

The bullish trend is currently very strong on USD/DKK. As long as the price remains above the support at 6.8629 DKK, you could try to benefit from the boom. The first bullish objective is located at 6.8918 DKK. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 6.8994 DKK as an objective. Crossing it would then enable buyers to target 6.9842 DKK. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.

Force

6.6

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 6.8830 DKK. On the day, this instrument lost -0.04% and was between 6.8725 DKK and 6.8920 DKK. This implies that the price is at +0.15% from its lowest and at -0.13% from its highest.

6.8725

6.8920

6.8830

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:

The study of the highest / lowest by the Central Records scanner shows the following results:

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 1H 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. An assessment of moving averages reveals several bullish signals that could impact this trend:

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : 1 hour

Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : 1 hour

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : 1 hour

The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

RSI indicator is back over 50

Type : Bullish

Timeframe : 1 hour

Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : 1 hour

Ichimoku : price is over the cloud

Type : Bullish

Timeframe : 1 hour

Price is back over the pivot point

Type : Bullish

Timeframe : 1 hour

Momentum indicator is back over 0

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

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	6.8394	6.8629	6.8803	6.8830	6.8918	6.8994	6.9842
Change (%)	-0.63%	-0.29%	-0.04%	-	+0.13%	+0.24%	+1.47%
Change	-0.0436	-0.0201	-0.0027	-	+0.0088	+0.0164	+0.1012
Level	Major	Intermediate	Minor	-	Intermediate	Minor	Intermediate

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	6.8464	6.8567	6.8712	6.8815	6.8960	6.9063	6.9208
Camarilla	6.8789	6.8812	6.8834	6.8857	6.8880	6.8903	6.8925
Woodie	6.8485	6.8578	6.8733	6.8826	6.8981	6.9074	6.9229
Fibonacci	6.8567	6.8662	6.8720	6.8815	6.8910	6.8968	6.9063

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	6.7770	6.7952	6.8265	6.8447	6.8760	6.8942	6.9255
Camarilla	6.8441	6.8486	6.8532	6.8577	6.8622	6.8668	6.8713
Woodie	6.7835	6.7985	6.8330	6.8480	6.8825	6.8975	6.9320
Fibonacci	6.7952	6.8141	6.8258	6.8447	6.8636	6.8753	6.8942

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	6.7055	6.7690	6.8662	6.9297	7.0269	7.0904	7.1876
Camarilla	6.9191	6.9338	6.9486	6.9633	6.9780	6.9928	7.0075
Woodie	6.7223	6.7774	6.8830	6.9381	7.0437	7.0988	7.2044
Fibonacci	6.7690	6.8304	6.8684	6.9297	6.9911	7.0291	7.0904

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):	50.93
MACD (12,26,9):	0.0001
Directional Movement:	6.5936
AROON (14):	-21.4285
DEMA (21):	6.8816
Parabolic SAR (0,02-0,02-0,2):	6.8725
Elder Ray (13):	0.0031
Super Trend (3,10):	6.8726
Zig ZAG (10):	6.8821
VORTEX (21):	1.0096
Stochastique (14,3,5):	40.34
TEMA (21):	6.8797
Williams %R (14):	-47.69
Chande Momentum Oscillator (20):	-0.0033
Repulse (5,40,3):	-0.0134
ROCnROLL:	1
TRIX (15,9):	0.0018
Courbe Coppock:	0.12

MA7:	6.8600
MA20:	6.8810
MA50:	6.8990
MA100:	6.9077
MAexp7:	6.8806
MAexp20:	6.8808
MAexp50:	6.8770
MAexp100:	6.8693
Price / MA7:	+0.34%
Price / MA20:	+0.03%
Price / MA50:	-0.23%
Price / MA100:	-0.36%
Price / MAexp7:	+0.03%
Price / MAexp20:	+0.03%
Price / MAexp50:	+0.09%
Price / MAexp100:	+0.20%

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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Londinia AI

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