AUD/DKK - 1H - Technical analysis published on 12/03/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Slightly bearish
Technical indicators
78%
0%
22%
My opinion
Bullish above 4.5415 DKK
My targets
4.5822 DKK (+0.0228)
4.5998 DKK (+0.0404)
My analysis
The current short-term bullish trend is expected to quickly reset the neutral or bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for AUD/DKK as long as the price remains well above 4.5415 DKK. The buyers” bullish objective is set at 4.5822 DKK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 4.5998 DKK. If there is any crossing, the next objective would be the resistance located at 4.6087 DKK. As the basic trend is not clearly displayed, attention should be paid to the price reaction to the resistance at 4.5822 DKK. On this resistance, against the trend traders who would like to go short on AUD/DKK with a bearish signal from their trading strategy, should not hesitate to act.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
2.9
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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 4.5594 DKK. On the day, this instrument gained +0.06% and was traded between 4.5464 DKK and 4.5654 DKK over the period. The price is currently at +0.29% from its lowest and -0.13% from its highest.4.5464
4.5654
4.5594
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of AUD/DKK indicates that the overall trend is slightly bearish. Only 57.14% of the signals given by moving averages are bearish. This slightly bearish trend could quickly be reversed due to the strong bullish signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
In fact, 14 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Three white soldiers
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4.5039 | 4.5336 | 4.5415 | 4.5594 | 4.5623 | 4.5822 | 4.5998 |
| Change (%) | -1.22% | -0.57% | -0.39% | - | +0.06% | +0.50% | +0.89% |
| Change | -0.0555 | -0.0258 | -0.0179 | - | +0.0029 | +0.0228 | +0.0404 |
| Level | Major | Intermediate | Minor | - | Minor | Major | Minor |
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 | 4.5108 | 4.5222 | 4.5395 | 4.5509 | 4.5682 | 4.5796 | 4.5969 |
| Camarilla | 4.5489 | 4.5515 | 4.5542 | 4.5568 | 4.5594 | 4.5621 | 4.5647 |
| Woodie | 4.5138 | 4.5237 | 4.5425 | 4.5524 | 4.5712 | 4.5811 | 4.5999 |
| Fibonacci | 4.5222 | 4.5332 | 4.5399 | 4.5509 | 4.5619 | 4.5686 | 4.5796 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.5349 | 4.5560 | 4.5753 | 4.5964 | 4.6157 | 4.6368 | 4.6561 |
| Camarilla | 4.5836 | 4.5873 | 4.5910 | 4.5947 | 4.5984 | 4.6021 | 4.6058 |
| Woodie | 4.5341 | 4.5556 | 4.5745 | 4.5960 | 4.6149 | 4.6364 | 4.6553 |
| Fibonacci | 4.5560 | 4.5714 | 4.5809 | 4.5964 | 4.6118 | 4.6213 | 4.6368 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.3597 | 4.4170 | 4.5028 | 4.5601 | 4.6459 | 4.7032 | 4.7890 |
| Camarilla | 4.5493 | 4.5624 | 4.5755 | 4.5886 | 4.6017 | 4.6148 | 4.6280 |
| Woodie | 4.3740 | 4.4241 | 4.5171 | 4.5672 | 4.6602 | 4.7103 | 4.8033 |
| Fibonacci | 4.4170 | 4.4717 | 4.5054 | 4.5601 | 4.6148 | 4.6485 | 4.7032 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 56.28 | |
| MACD (12,26,9): | 0.0009 | |
| Directional Movement: | 11.7847 | |
| AROON (14): | 35.7142 | |
| DEMA (21): | 4.5541 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.5509 | |
| Elder Ray (13): | 0.0066 | |
| Super Trend (3,10): | 4.5434 | |
| Zig ZAG (10): | 4.5581 | |
| VORTEX (21): | 1.0456 | |
| Stochastique (14,3,5): | 79.61 | |
| TEMA (21): | 4.5580 | |
| Williams %R (14): | -36.84 | |
| Chande Momentum Oscillator (20): | 0.0035 | |
| Repulse (5,40,3): | 0.0203 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0009 | |
| Courbe Coppock: | 0.23 |
| MA7: | 4.5783 | |
| MA20: | 4.5817 | |
| MA50: | 4.5414 | |
| MA100: | 4.5461 | |
| MAexp7: | 4.5549 | |
| MAexp20: | 4.5540 | |
| MAexp50: | 4.5581 | |
| MAexp100: | 4.5677 | |
| Price / MA7: | -0.41% | |
| Price / MA20: | -0.49% | |
| Price / MA50: | +0.40% | |
| Price / MA100: | +0.29% | |
| Price / MAexp7: | +0.10% | |
| Price / MAexp20: | +0.12% | |
| Price / MAexp50: | +0.03% | |
| Price / MAexp100: | -0.18% |
Quotes :
2020-12-03 08:38:08
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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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