USD/DKK - 1H - Technical analysis published on 08/07/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Bearish
Technical indicators
11%
50%
39%
My opinion
Bearish under 6.8394 DKK
My targets
6.8056 DKK (-0.0240)
6.7745 DKK (-0.0551)
My analysis
There is a bearish trend on USD/DKK both at the basic level and in the short term. A sale could be considered, so long as the price remains below 6.8394 DKK. Each support break is a strong signal that the current trend will continue. The first bearish objective would be 6.8056 DKK. Then the price could move towards 6.7745 DKK. Then 6.7112 DKK by extension. Be careful, a return to above the resistance 6.8394 DKK would be a sign of a weakening of the trend and a possible rebound phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend is perhaps more risky.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
5.2
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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 rating is 6.8296 DKK. The price has increased by +0.00% since the last closing with the lowest point at 6.8235 DKK and the highest point at 6.8430 DKK. The deviation from the price is +0.09% for the low point and -0.20% for the high point.6.8235
6.8430
6.8296
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
Technical analysis of this 1H chart of USD/DKK indicates that the overall trend is bearish. 75.00% of the signals given by moving averages are bearish. The overall trend seems to be showing some signs of weakness, as do the tentative bearish signals from short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : 1 hour
In fact, only 9 technical indicators out of 18 studied are currently bearish. The Central Indicators scanner specialised in technical indicators, has not detected anything further.
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
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 | 6.7745 | 6.8056 | 6.8249 | 6.8296 | 6.8394 | 6.8676 | 6.9093 |
| Change (%) | -0.81% | -0.35% | -0.07% | - | +0.14% | +0.56% | +1.17% |
| Change | -0.0551 | -0.0240 | -0.0047 | - | +0.0098 | +0.0380 | +0.0797 |
| Level | Intermediate | Minor | Minor | - | Major | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.7705 | 6.7880 | 6.8089 | 6.8264 | 6.8473 | 6.8648 | 6.8857 |
| Camarilla | 6.8191 | 6.8227 | 6.8262 | 6.8297 | 6.8332 | 6.8367 | 6.8403 |
| Woodie | 6.7721 | 6.7889 | 6.8105 | 6.8273 | 6.8489 | 6.8657 | 6.8873 |
| Fibonacci | 6.7880 | 6.8027 | 6.8118 | 6.8264 | 6.8411 | 6.8502 | 6.8648 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.7102 | 6.7700 | 6.8042 | 6.8640 | 6.8982 | 6.9580 | 6.9922 |
| Camarilla | 6.8127 | 6.8213 | 6.8299 | 6.8385 | 6.8471 | 6.8557 | 6.8644 |
| Woodie | 6.6975 | 6.7636 | 6.7915 | 6.8576 | 6.8855 | 6.9516 | 6.9795 |
| Fibonacci | 6.7700 | 6.8059 | 6.8281 | 6.8640 | 6.8999 | 6.9221 | 6.9580 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.6670 | 6.7403 | 6.8174 | 6.8907 | 6.9678 | 7.0411 | 7.1182 |
| Camarilla | 6.8532 | 6.8670 | 6.8808 | 6.8946 | 6.9084 | 6.9222 | 6.9360 |
| Woodie | 6.6690 | 6.7413 | 6.8194 | 6.8917 | 6.9698 | 7.0421 | 7.1202 |
| Fibonacci | 6.7403 | 6.7977 | 6.8332 | 6.8907 | 6.9481 | 6.9836 | 7.0411 |
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): | 48.86 | |
| MACD (12,26,9): | 0.0003 | |
| Directional Movement: | -1.1681 | |
| AROON (14): | -42.8571 | |
| DEMA (21): | 6.8329 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.8355 | |
| Elder Ray (13): | -0.0013 | |
| Super Trend (3,10): | 6.8224 | |
| Zig ZAG (10): | 6.8310 | |
| VORTEX (21): | 1.0247 | |
| Stochastique (14,3,5): | 45.32 | |
| TEMA (21): | 6.8320 | |
| Williams %R (14): | -57.30 | |
| Chande Momentum Oscillator (20): | -0.0043 | |
| Repulse (5,40,3): | -0.0183 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0022 | |
| Courbe Coppock: | 0.12 |
| MA7: | 6.8608 | |
| MA20: | 6.8599 | |
| MA50: | 6.8962 | |
| MA100: | 6.9106 | |
| MAexp7: | 6.8318 | |
| MAexp20: | 6.8320 | |
| MAexp50: | 6.8324 | |
| MAexp100: | 6.8414 | |
| Price / MA7: | -0.45% | |
| Price / MA20: | -0.44% | |
| Price / MA50: | -0.97% | |
| Price / MA100: | -1.17% | |
| Price / MAexp7: | -0.03% | |
| Price / MAexp20: | -0.04% | |
| Price / MAexp50: | -0.04% | |
| Price / MAexp100: | -0.17% |
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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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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