Londinia Opportunities Analyses - 12/19/2024 (GMT) EUR/DKK - 1H
- FX/Indices
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
50%
11%
39%
My opinion
Bullish above 7.4600 DKK
My targets
7.4635 DKK (+0.0024)
7.4691 DKK (+0.0080)
My analysis
The bullish trend is currently very strong on EUR/DKK. As long as the price remains above the support at 7.4600 DKK, you could try to benefit from the boom. The first bullish objective is located at 7.4635 DKK. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 7.4691 DKK as an objective. Crossing it would then enable buyers to target 7.4746 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 confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.3
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Additional analysis
Quotes
The EUR/DKK price is 7.4611 DKK. On the day, this instrument gained +0.00% and was between 7.4604 DKK and 7.4612 DKK. This implies that the price is at +0.01% from its lowest and at +0.00% from its highest.7.4604
7.4612
7.4611
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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 this 1H chart of EUR/DKK indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being 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 increase is slight given the direction of the technical indicators.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near support of channel
Type : Bullish
Timeframe : 1 hour
From the Japanese candlestick perspective, the Central Candlesticks scanner notes the presence of these results that could impact the short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
Bearish harami cross
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 7.4593 | 7.4600 | 7.4608 | 7.4611 | 7.4620 | 7.4635 | 7.4647 |
| Change (%) | -0.02% | -0.01% | +0.00% | - | +0.01% | +0.03% | +0.05% |
| Change | -0.0018 | -0.0011 | -0.0003 | - | +0.0009 | +0.0024 | +0.0036 |
| Level | Major | Minor | Minor | - | Intermediate | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.4563 | 7.4577 | 7.4593 | 7.4607 | 7.4623 | 7.4637 | 7.4653 |
| Camarilla | 7.4602 | 7.4605 | 7.4607 | 7.4610 | 7.4613 | 7.4616 | 7.4618 |
| Woodie | 7.4565 | 7.4578 | 7.4595 | 7.4608 | 7.4625 | 7.4638 | 7.4655 |
| Fibonacci | 7.4577 | 7.4588 | 7.4595 | 7.4607 | 7.4618 | 7.4625 | 7.4637 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.4538 | 7.4552 | 7.4563 | 7.4577 | 7.4588 | 7.4602 | 7.4613 |
| Camarilla | 7.4568 | 7.4570 | 7.4573 | 7.4575 | 7.4577 | 7.4580 | 7.4582 |
| Woodie | 7.4538 | 7.4551 | 7.4563 | 7.4576 | 7.4588 | 7.4601 | 7.4613 |
| Fibonacci | 7.4552 | 7.4561 | 7.4567 | 7.4577 | 7.4586 | 7.4592 | 7.4602 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.4509 | 7.4532 | 7.4561 | 7.4584 | 7.4613 | 7.4636 | 7.4665 |
| Camarilla | 7.4575 | 7.4580 | 7.4584 | 7.4589 | 7.4594 | 7.4599 | 7.4603 |
| Woodie | 7.4511 | 7.4534 | 7.4563 | 7.4586 | 7.4615 | 7.4638 | 7.4667 |
| Fibonacci | 7.4532 | 7.4552 | 7.4565 | 7.4584 | 7.4604 | 7.4617 | 7.4636 |
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): | 58.32 | |
| MACD (12,26,9): | 0.0002 | |
| Directional Movement: | 5.2966 | |
| AROON (14): | -28.5714 | |
| DEMA (21): | 7.4610 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.4614 | |
| Elder Ray (13): | 0.0003 | |
| Super Trend (3,10): | 7.4599 | |
| Zig ZAG (10): | 7.4610 | |
| VORTEX (21): | 1.0588 | |
| Stochastique (14,3,5): | 43.80 | |
| TEMA (21): | 7.4609 | |
| Williams %R (14): | -50.00 | |
| Chande Momentum Oscillator (20): | -0.0003 | |
| Repulse (5,40,3): | 0.0057 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0005 | |
| Courbe Coppock: | 0.00 |
| MA7: | 7.4589 | |
| MA20: | 7.4584 | |
| MA50: | 7.4588 | |
| MA100: | 7.4595 | |
| MAexp7: | 7.4609 | |
| MAexp20: | 7.4608 | |
| MAexp50: | 7.4602 | |
| MAexp100: | 7.4595 | |
| Price / MA7: | +0.03% | |
| Price / MA20: | +0.04% | |
| Price / MA50: | +0.03% | |
| Price / MA100: | +0.02% | |
| Price / MAexp7: | +0.00% | |
| Price / MAexp20: | +0.00% | |
| Price / MAexp50: | +0.01% | |
| Price / MAexp100: | +0.02% |
Quotes :
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Real time data
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Forex