Londinia Opportunities Analyses - 05/02/2024 (GMT) EUR/DKK - 1H

- DKK (-)

- Real time data - Forex

Type:	Forex
Ticker:	EURDKK
ISIN:

Londinia

I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.

FX/Indices
Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Bullish

Underlying: Strongly bullish

Technical indicators

50%

22%

28%

My opinion

Bullish above 7.4578 DKK

My targets

7.4597 DKK (+0.0011)

7.4617 DKK (+0.0031)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on EUR/DKK as long as the price remains well above 7.4578 DKK. The buyers' bullish objective is set at 7.4597 DKK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 7.4617 DKK. If there is any crossing, the next objective would be the resistance located at 7.4648 DKK. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.

In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.

Force

5.9

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.

Additional analysis

Quotes

The EUR/DKK rating is 7.4586 DKK. On the day, this instrument gained +0.01% and was between 7.4582 DKK and 7.4590 DKK. This implies that the price is at +0.01% from its lowest and at -0.01% from its highest.

7.4582

7.4590

7.4586

A study of price movements over other periods shows the following variations:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new LOW record (5 years)

Type : Bearish

Timeframe : Weekly

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 EUR/DKK in 1H shows a strongly overall bullish trend. The signals given by moving averages are 82.14% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 1 hour

In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 9 are bullish, 5 are neutral and 4 are bearish. The Central Indicators scanner found this result concerning these indicators:

MACD crosses UP its Moving Average

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

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	7.4568	7.4578	7.4582	7.4586	7.4593	7.4597	7.4605
Change (%)	-0.02%	-0.01%	-0.01%	-	+0.01%	+0.01%	+0.03%
Change	-0.0018	-0.0008	-0.0004	-	+0.0007	+0.0011	+0.0019
Level	Major	Minor	Minor	-	Major	Minor	Intermediate

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	7.4563	7.4571	7.4576	7.4584	7.4589	7.4597	7.4602
Camarilla	7.4578	7.4580	7.4581	7.4582	7.4583	7.4584	7.4586
Woodie	7.4563	7.4570	7.4576	7.4583	7.4589	7.4596	7.4602
Fibonacci	7.4571	7.4576	7.4579	7.4584	7.4589	7.4592	7.4597

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	7.4506	7.4536	7.4557	7.4587	7.4608	7.4638	7.4659
Camarilla	7.4564	7.4569	7.4573	7.4578	7.4583	7.4587	7.4592
Woodie	7.4502	7.4534	7.4553	7.4585	7.4604	7.4636	7.4655
Fibonacci	7.4536	7.4556	7.4568	7.4587	7.4607	7.4619	7.4638

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	7.4500	7.4533	7.4559	7.4592	7.4618	7.4651	7.4677
Camarilla	7.4569	7.4574	7.4580	7.4585	7.4590	7.4596	7.4601
Woodie	7.4497	7.4531	7.4556	7.4590	7.4615	7.4649	7.4674
Fibonacci	7.4533	7.4556	7.4570	7.4592	7.4615	7.4629	7.4651

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):	55.49
MACD (12,26,9):	0.0001
Directional Movement:	9.5484
AROON (14):	7.1429
DEMA (21):	7.4586
Parabolic SAR (0,02-0,02-0,2):	7.4581
Elder Ray (13):	0.0002
Super Trend (3,10):	7.4576
Zig ZAG (10):	7.4587
VORTEX (21):	1.0404
Stochastique (14,3,5):	55.34
TEMA (21):	7.4585
Williams %R (14):	-41.67
Chande Momentum Oscillator (20):	-0.0002
Repulse (5,40,3):	-0.0004
ROCnROLL:	1
TRIX (15,9):	0.0001
Courbe Coppock:	0.00

MA7:	7.4580
MA20:	7.4594
MA50:	7.4577
MA100:	7.4568
MAexp7:	7.4585
MAexp20:	7.4585
MAexp50:	7.4583
MAexp100:	7.4584
Price / MA7:	+0.01%
Price / MA20:	-0.01%
Price / MA50:	+0.01%
Price / MA100:	+0.02%
Price / MAexp7:	+0.00%
Price / MAexp20:	+0.00%
Price / MAexp50:	+0.00%
Price / MAexp100:	+0.00%

Quotes : - Real time data - Forex