JPY/DKK

- DKK (-)

- Real time data - Forex

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Change:	-
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Type:	Forex
Ticker:	JPYDKK
ISIN:

JPY/DKK - 1H - Technical analysis published on 01/30/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

83%

17%

My opinion

Bullish above 0.04663 DKK

My targets

0.04695 DKK (+0.00016)

0.04722 DKK (+0.00043)

My analysis

The bullish trend is currently very strong on JPY/DKK. As long as the price remains above the support at 0.04663 DKK, you could try to benefit from the boom. The first bullish objective is located at 0.04695 DKK. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.04722 DKK as an objective. Crossing it would then enable buyers to target 0.04794 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

8.8

Comment on the analysis

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.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

JPY/DKK rating 0.04679 DKK. On the day, this instrument gained +0.30% and was between 0.04665 DKK and 0.04682 DKK. This implies that the price is at +0.30% from its lowest and at -0.06% from its highest.

0.04665

0.04682

0.04679

So that you have an overall view of the price change, here is a table showing the variations over several periods:

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

Near a new LOW record (5 years)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 year)

Type : Bearish

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 JPY/DKK indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

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

Near resistance of channel

Type : Bearish

Timeframe : 1 hour

Horizontal resistance is broken

Type : Bullish

Timeframe : 1 hour

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.04649	0.04663	0.04676	0.04679	0.04722	0.04794	0.04888
Change (%)	-0.64%	-0.34%	-0.06%	-	+0.92%	+2.46%	+4.47%
Change	-0.00030	-0.00016	-0.00003	-	+0.00043	+0.00115	+0.00209
Level	Minor	Intermediate	Intermediate	-	Major	Minor	Minor

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	0.04600	0.04618	0.04641	0.04659	0.04682	0.04700	0.04723
Camarilla	0.04654	0.04658	0.04661	0.04665	0.04669	0.04673	0.04676
Woodie	0.04604	0.04619	0.04645	0.04660	0.04686	0.04701	0.04727
Fibonacci	0.04618	0.04633	0.04643	0.04659	0.04674	0.04684	0.04700

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.04553	0.04583	0.04609	0.04639	0.04665	0.04695	0.04721
Camarilla	0.04621	0.04626	0.04631	0.04636	0.04641	0.04646	0.04651
Woodie	0.04552	0.04582	0.04608	0.04638	0.04664	0.04694	0.04720
Fibonacci	0.04583	0.04604	0.04617	0.04639	0.04660	0.04673	0.04695

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.04203	0.04406	0.04600	0.04803	0.04997	0.05200	0.05394
Camarilla	0.04685	0.04721	0.04758	0.04794	0.04830	0.04867	0.04903
Woodie	0.04199	0.04404	0.04596	0.04801	0.04993	0.05198	0.05390
Fibonacci	0.04406	0.04558	0.04651	0.04803	0.04955	0.05048	0.05200

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):	72.01
MACD (12,26,9):	0.0001
Directional Movement:	23.12181
AROON (14):	57.14286
DEMA (21):	0.04675
Parabolic SAR (0,02-0,02-0,2):	0.04664
Elder Ray (13):	0.00008
Super Trend (3,10):	0.04663
Zig ZAG (10):	0.04681
VORTEX (21):	1.1379
Stochastique (14,3,5):	86.11
TEMA (21):	0.04677
Williams %R (14):	-5.26
Chande Momentum Oscillator (20):	0.00015
Repulse (5,40,3):	0.2561
ROCnROLL:	1
TRIX (15,9):	0.0175
Courbe Coppock:	0.28

MA7:	0.04648
MA20:	0.04671
MA50:	0.04690
MA100:	0.04693
MAexp7:	0.04673
MAexp20:	0.04667
MAexp50:	0.04659
MAexp100:	0.04652
Price / MA7:	+0.67%
Price / MA20:	+0.17%
Price / MA50:	-0.23%
Price / MA100:	-0.30%
Price / MAexp7:	+0.13%
Price / MAexp20:	+0.26%
Price / MAexp50:	+0.43%
Price / MAexp100:	+0.58%

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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