Londinia Opportunities Analyses - 09/06/2024 (GMT) AUD/DKK - 1H

- DKK (-)

- Real time data - Forex

Type:	Forex
Ticker:	AUDDKK
ISIN:

Londinia

I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.

FX/Indices
Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

11%

78%

11%

My opinion

Bearish under 4.5330 DKK

My targets

4.4901 DKK (-0.0263)

4.4638 DKK (-0.0526)

My analysis

The bearish trend is currently very strong for AUD/DKK. As long as the price remains below the resistance at 4.5330 DKK, you could try to take advantage of the bearish rally. The first bearish objective is located at 4.4901 DKK. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 4.4638 DKK as an objective. Crossing it would then enable sellers to target 4.4393 DKK. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.

Force

8.2

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Additional analysis

Quotes

The AUD/DKK rating is 4.5164 DKK. The price registered a decrease of -0.21% on the session with the lowest point at 4.5156 DKK and the highest point at 4.5278 DKK. The deviation from the price is +0.02% for the low point and -0.25% for the high point.

4.5156

4.5278

4.5164

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

Here is a more detailed summary of the historical variations registered by AUD/DKK:

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

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of AUD/DKK indicates that the overall trend is strongly bearish. 92.86% 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 market scanner currently does not detect any result that concerns moving averages.

The probability of a further decline is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour

Previous candle closed under Bollinger bands

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

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

Pivot points : price is under support 1

Type : Neutral

Timeframe : 1 hour

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Near horizontal support

Type : Bullish

Timeframe : 1 hour

Support of channel is broken

Type : Bearish

Timeframe : 1 hour

For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:

Grip bottom and hammer

Type : Bullish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	4.4393	4.4638	4.4901	4.5164	4.5209	4.5330	4.5540
Change (%)	-1.71%	-1.16%	-0.58%	-	+0.10%	+0.37%	+0.83%
Change	-0.0771	-0.0526	-0.0263	-	+0.0045	+0.0166	+0.0376
Level	Minor	Major	Intermediate	-	Major	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	4.5007	4.5086	4.5173	4.5252	4.5339	4.5418	4.5505
Camarilla	4.5215	4.5231	4.5246	4.5261	4.5276	4.5291	4.5307
Woodie	4.5012	4.5088	4.5178	4.5254	4.5344	4.5420	4.5510
Fibonacci	4.5086	4.5149	4.5188	4.5252	4.5315	4.5354	4.5418

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	4.4574	4.4875	4.5274	4.5575	4.5974	4.6275	4.6674
Camarilla	4.5481	4.5545	4.5609	4.5673	4.5737	4.5801	4.5866
Woodie	4.4623	4.4900	4.5323	4.5600	4.6023	4.6300	4.6723
Fibonacci	4.4875	4.5142	4.5308	4.5575	4.5842	4.6008	4.6275

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	4.1754	4.2619	4.4146	4.5011	4.6538	4.7403	4.8930
Camarilla	4.5015	4.5235	4.5454	4.5673	4.5892	4.6112	4.6331
Woodie	4.2085	4.2785	4.4477	4.5177	4.6869	4.7569	4.9261
Fibonacci	4.2619	4.3533	4.4097	4.5011	4.5925	4.6489	4.7403

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):	32.64
MACD (12,26,9):	-0.0021
Directional Movement:	-11.9758
AROON (14):	-100.0000
DEMA (21):	4.5208
Parabolic SAR (0,02-0,02-0,2):	4.5312
Elder Ray (13):	-0.0063
Super Trend (3,10):	4.5285
Zig ZAG (10):	4.5170
VORTEX (21):	0.9703
Stochastique (14,3,5):	5.79
TEMA (21):	4.5208
Williams %R (14):	-88.89
Chande Momentum Oscillator (20):	-0.0079
Repulse (5,40,3):	-0.0972
ROCnROLL:	2
TRIX (15,9):	-0.0033
Courbe Coppock:	0.16

MA7:	4.5447
MA20:	4.5249
MA50:	4.5470
MA100:	4.5637
MAexp7:	4.5206
MAexp20:	4.5234
MAexp50:	4.5282
MAexp100:	4.5357
Price / MA7:	-0.62%
Price / MA20:	-0.19%
Price / MA50:	-0.67%
Price / MA100:	-1.04%
Price / MAexp7:	-0.09%
Price / MAexp20:	-0.15%
Price / MAexp50:	-0.26%
Price / MAexp100:	-0.43%

Quotes : - Real time data - Forex