AUD/DKK - 1H - Technical analysis published on 04/23/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 4.3829 DKK
My targets
4.4904 DKK (+0.0942)
4.5822 DKK (+0.1860)
My analysis
The bullish trend is currently very strong on AUD/DKK. As long as the price remains above the support at 4.3829 DKK, you could try to benefit from the boom. The first bullish objective is located at 4.4904 DKK. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 4.5822 DKK as an objective. Crossing it would then enable buyers to target 4.6608 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, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
FORCE
0
10
8.4
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The AUD/DKK rating is 4.3962 DKK. The price has increased by +1.15% since the last closing and was between 4.3369 DKK and 4.3970 DKK. This implies that the price is at +1.37% from its lowest and at -0.02% from its highest.4.3369
4.3970
4.3962
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
The Central Volumes scanner detects abnormal volumes on the asset:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in 1H of this AUD/DKK chart shows a strongly bullish trend. 89.29% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 15 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Bullish engulfing lines
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4.3614 | 4.3738 | 4.3829 | 4.3962 | 4.4904 | 4.5822 | 4.6608 |
| Change (%) | -0.79% | -0.51% | -0.30% | - | +2.14% | +4.23% | +6.02% |
| Change | -0.0348 | -0.0224 | -0.0133 | - | +0.0942 | +0.1860 | +0.2646 |
| Level | Minor | Intermediate | Major | - | Minor | Major | Major |
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 | 4.2772 | 4.2971 | 4.3216 | 4.3415 | 4.3660 | 4.3859 | 4.4104 |
| Camarilla | 4.3339 | 4.3380 | 4.3420 | 4.3461 | 4.3502 | 4.3542 | 4.3583 |
| Woodie | 4.2795 | 4.2983 | 4.3239 | 4.3427 | 4.3683 | 4.3871 | 4.4127 |
| Fibonacci | 4.2971 | 4.3141 | 4.3245 | 4.3415 | 4.3585 | 4.3689 | 4.3859 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.0342 | 3.4043 | 3.9826 | 4.3527 | 4.9310 | 5.3011 | 5.8794 |
| Camarilla | 4.3001 | 4.3870 | 4.4740 | 4.5609 | 4.6478 | 4.7348 | 4.8217 |
| Woodie | 3.1383 | 3.4564 | 4.0867 | 4.4048 | 5.0351 | 5.3532 | 5.9835 |
| Fibonacci | 3.4043 | 3.7666 | 3.9904 | 4.3527 | 4.7150 | 4.9388 | 5.3011 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.3446 | 3.5595 | 4.1339 | 4.3488 | 4.9232 | 5.1381 | 5.7125 |
| Camarilla | 4.4912 | 4.5636 | 4.6360 | 4.7083 | 4.7807 | 4.8530 | 4.9254 |
| Woodie | 3.5244 | 3.6494 | 4.3137 | 4.4387 | 5.1030 | 5.2280 | 5.8923 |
| Fibonacci | 3.5595 | 3.8610 | 4.0473 | 4.3488 | 4.6503 | 4.8366 | 5.1381 |
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): | 73.26 | |
| MACD (12,26,9): | 0.0092 | |
| Directional Movement: | 23.6635 | |
| AROON (14): | 64.2857 | |
| DEMA (21): | 4.3723 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.3604 | |
| Elder Ray (13): | 0.0197 | |
| Super Trend (3,10): | 4.3555 | |
| Zig ZAG (10): | 4.3923 | |
| VORTEX (21): | 1.2423 | |
| Stochastique (14,3,5): | 90.70 | |
| TEMA (21): | 4.3835 | |
| Williams %R (14): | -2.26 | |
| Chande Momentum Oscillator (20): | 0.0406 | |
| Repulse (5,40,3): | 0.4609 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0249 | |
| Courbe Coppock: | 1.07 |
| MA7: | 4.4341 | |
| MA20: | 4.3244 | |
| MA50: | 4.3099 | |
| MA100: | 4.4634 | |
| MAexp7: | 4.3713 | |
| MAexp20: | 4.3602 | |
| MAexp50: | 4.3505 | |
| MAexp100: | 4.3471 | |
| Price / MA7: | -0.85% | |
| Price / MA20: | +1.66% | |
| Price / MA50: | +2.00% | |
| Price / MA100: | -1.51% | |
| Price / MAexp7: | +0.57% | |
| Price / MAexp20: | +0.83% | |
| Price / MAexp50: | +1.05% | |
| Price / MAexp100: | +1.13% |
This member declared not having a position on this financial instrument or a related financial instrument.
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