AUD/DKK - 1H - Technical analysis published on 06/30/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Bearish
Technical indicators
50%
17%
33%
My opinion
Bearish under 4.5652 DKK
My targets
4.5510 DKK (-0.0053)
4.5464 DKK (-0.0099)
My analysis
In a bearish trend, the price of AUD/DKK tries to inflate a little with a slight short-term rebound. At this stage, no trend reversal is in sight. Globally, sellers have the upper hand. Traders may allow themselves to trade short positions (for sale) as long as the price remains below the resistance located at 4.5652 DKK. A bearish break in the support located at 4.5510 DKK would revive the bearish momentum and fuel the basic trend. Then the price could move towards 4.5464 DKK. Then 4.5409 DKK by extension. It would be safer to wait for a bearish break in the support located at 4.5510 DKK before allowing yourself to re trade short positions (for sale) on AUD/DKK. PS: if there is a bullish break in the resistance located at 4.5652 DKK we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
1.1
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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 4.5563 DKK. The price registered an increase of +0.06% on the session with the lowest point at 4.5500 DKK and the highest point at 4.5648 DKK. The deviation from the price is +0.14% for the low point and -0.19% for the high point.4.5500
4.5648
4.5563
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
Abnormal volumes on AUD/DKK were detected by the Central Volumes scanner:
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in 1H of this AUD/DKK chart shows a bearish trend. The signals given by moving averages are at 71.43% bearish. This bearish trend could slow down given the slightly bullish signals currently being given by short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:
Bearish trend reversal : adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
Bearish trend reversal : adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with Moving Average 100
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
The probability of a further increase is slight given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : 1 hour
Ichimoku : price is under the cloud
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is back under -50
Type : Bearish
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
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4.5409 | 4.5464 | 4.5510 | 4.5563 | 4.5652 | 4.5822 | 4.5877 |
| Change (%) | -0.34% | -0.22% | -0.12% | - | +0.20% | +0.57% | +0.69% |
| Change | -0.0154 | -0.0099 | -0.0053 | - | +0.0089 | +0.0259 | +0.0314 |
| Level | Minor | Intermediate | Intermediate | - | Intermediate | Major | 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 | 4.5026 | 4.5173 | 4.5355 | 4.5502 | 4.5684 | 4.5831 | 4.6013 |
| Camarilla | 4.5446 | 4.5476 | 4.5506 | 4.5536 | 4.5566 | 4.5596 | 4.5627 |
| Woodie | 4.5043 | 4.5182 | 4.5372 | 4.5511 | 4.5701 | 4.5840 | 4.6030 |
| Fibonacci | 4.5173 | 4.5299 | 4.5377 | 4.5502 | 4.5628 | 4.5706 | 4.5831 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.4881 | 4.5133 | 4.5372 | 4.5624 | 4.5863 | 4.6115 | 4.6354 |
| Camarilla | 4.5475 | 4.5520 | 4.5565 | 4.5610 | 4.5655 | 4.5700 | 4.5745 |
| Woodie | 4.4874 | 4.5130 | 4.5365 | 4.5621 | 4.5856 | 4.6112 | 4.6347 |
| Fibonacci | 4.5133 | 4.5321 | 4.5437 | 4.5624 | 4.5812 | 4.5928 | 4.6115 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.1730 | 4.2560 | 4.3672 | 4.4502 | 4.5614 | 4.6444 | 4.7556 |
| Camarilla | 4.4250 | 4.4428 | 4.4606 | 4.4784 | 4.4962 | 4.5140 | 4.5318 |
| Woodie | 4.1871 | 4.2631 | 4.3813 | 4.4573 | 4.5755 | 4.6515 | 4.7697 |
| Fibonacci | 4.2560 | 4.3302 | 4.3760 | 4.4502 | 4.5244 | 4.5702 | 4.6444 |
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): | 49.49 | |
| MACD (12,26,9): | 0.0012 | |
| Directional Movement: | -4.6597 | |
| AROON (14): | 85.7143 | |
| DEMA (21): | 4.5550 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.5648 | |
| Elder Ray (13): | -0.0007 | |
| Super Trend (3,10): | 4.5467 | |
| Zig ZAG (10): | 4.5554 | |
| VORTEX (21): | 1.0483 | |
| Stochastique (14,3,5): | 61.45 | |
| TEMA (21): | 4.5577 | |
| Williams %R (14): | -60.69 | |
| Chande Momentum Oscillator (20): | 0.0044 | |
| Repulse (5,40,3): | -0.1132 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0008 | |
| Courbe Coppock: | 0.52 |
| MA7: | 4.5635 | |
| MA20: | 4.5675 | |
| MA50: | 4.5016 | |
| MA100: | 4.4107 | |
| MAexp7: | 4.5566 | |
| MAexp20: | 4.5544 | |
| MAexp50: | 4.5561 | |
| MAexp100: | 4.5590 | |
| Price / MA7: | -0.16% | |
| Price / MA20: | -0.25% | |
| Price / MA50: | +1.22% | |
| Price / MA100: | +3.30% | |
| Price / MAexp7: | -0.01% | |
| Price / MAexp20: | +0.04% | |
| Price / MAexp50: | +0.00% | |
| Price / MAexp100: | -0.06% |
Quotes :
2020-06-30 06:54:11
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Real time data
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Forex
This member declared not having a position on this financial instrument or a related financial instrument.
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