USD/DKK - 1H - Technical analysis published on 09/25/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
39%
28%
33%
My opinion
Bearish under 6.6794 DKK
My targets
6.6314 DKK (-0.0372)
6.5800 DKK (-0.0886)
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 6.6794 DKK. The sellers' bearish objective is set at 6.6314 DKK. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 6.5800 DKK. In case of crossing, the next objective would be the support located at 6.4954 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
5.4
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This analysis was given by chookich. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The USD/DKK rating is 6.6686 DKK. The price registered an increase of +0.07% on the session and was between 6.6593 DKK and 6.6715 DKK. This implies that the price is at +0.14% from its lowest and at -0.04% from its highest.6.6593
6.6715
6.6686
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:
New LOW record (1 year)
Type : Bearish
Timeframe : Weekly
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of USD/DKK indicates that the overall trend is strongly bearish. 89.29% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators does not currently provide any 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
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 6.4954 | 6.6314 | 6.6661 | 6.6686 | 6.6794 | 6.6948 | 6.7112 |
| Change (%) | -2.60% | -0.56% | -0.04% | - | +0.16% | +0.39% | +0.64% |
| Change | -0.1732 | -0.0372 | -0.0025 | - | +0.0108 | +0.0262 | +0.0426 |
| Level | Minor | Major | Major | - | Minor | 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 | 6.5922 | 6.6279 | 6.6458 | 6.6815 | 6.6994 | 6.7351 | 6.7530 |
| Camarilla | 6.6490 | 6.6539 | 6.6588 | 6.6637 | 6.6686 | 6.6735 | 6.6784 |
| Woodie | 6.5833 | 6.6235 | 6.6369 | 6.6771 | 6.6905 | 6.7307 | 6.7441 |
| Fibonacci | 6.6279 | 6.6484 | 6.6610 | 6.6815 | 6.7020 | 6.7146 | 6.7351 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.5800 | 6.6236 | 6.6525 | 6.6961 | 6.7250 | 6.7686 | 6.7975 |
| Camarilla | 6.6616 | 6.6682 | 6.6749 | 6.6815 | 6.6882 | 6.6948 | 6.7014 |
| Woodie | 6.5728 | 6.6199 | 6.6453 | 6.6924 | 6.7178 | 6.7649 | 6.7903 |
| Fibonacci | 6.6236 | 6.6513 | 6.6684 | 6.6961 | 6.7238 | 6.7409 | 6.7686 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.3693 | 6.5149 | 6.6325 | 6.7781 | 6.8957 | 7.0413 | 7.1589 |
| Camarilla | 6.6777 | 6.7019 | 6.7260 | 6.7501 | 6.7742 | 6.7984 | 6.8225 |
| Woodie | 6.3553 | 6.5079 | 6.6185 | 6.7711 | 6.8817 | 7.0343 | 7.1449 |
| Fibonacci | 6.5149 | 6.6154 | 6.6776 | 6.7781 | 6.8786 | 6.9408 | 7.0413 |
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): | 42.47 | |
| MACD (12,26,9): | -0.0077 | |
| Directional Movement: | -8.6614 | |
| AROON (14): | -57.1429 | |
| DEMA (21): | 6.6609 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.6603 | |
| Elder Ray (13): | 0.0009 | |
| Super Trend (3,10): | 6.6770 | |
| Zig ZAG (10): | 6.6707 | |
| VORTEX (21): | 0.7998 | |
| Stochastique (14,3,5): | 46.73 | |
| TEMA (21): | 6.6585 | |
| Williams %R (14): | -23.53 | |
| Chande Momentum Oscillator (20): | -0.0008 | |
| Repulse (5,40,3): | 0.0931 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0207 | |
| Courbe Coppock: | 0.42 |
| MA7: | 6.6904 | |
| MA20: | 6.7240 | |
| MA50: | 6.7732 | |
| MA100: | 6.8379 | |
| MAexp7: | 6.6658 | |
| MAexp20: | 6.6716 | |
| MAexp50: | 6.6827 | |
| MAexp100: | 6.6909 | |
| Price / MA7: | -0.33% | |
| Price / MA20: | -0.82% | |
| Price / MA50: | -1.54% | |
| Price / MA100: | -2.48% | |
| Price / MAexp7: | +0.04% | |
| Price / MAexp20: | -0.04% | |
| Price / MAexp50: | -0.21% | |
| Price / MAexp100: | -0.33% |
Quotes :
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Real time data
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Forex
News
Don't forget to follow the news on USD/DKK. At the time of publication of this analysis, the latest news was as follows:
USD/DKK Forecast September 11, 2024This member declared not having a position on this financial instrument or a related financial instrument.
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