AUD/DKK - 1H - Technical analysis published on 07/14/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
17%
39%
44%
My opinion
Bullish above 4.5665 DKK
My targets
4.5842 DKK (+0.0115)
4.5911 DKK (+0.0184)
My analysis
The basic bullish trend is very strong on AUD/DKK but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 4.5665 DKK. Crossing the first resistance at 4.5842 DKK would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 4.5911 DKK as an objective. Crossing it would then enable buyers to target 4.6836 DKK. Caution, a return to below 4.5665 DKK would be a sign of a consolidation phase in the short-term basic trend. 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 are in opposition with the general bullish 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
3.6
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The AUD/DKK price is 4.5727 DKK. The price is lower by -0.01% since the last closing and was between 4.5660 DKK and 4.5761 DKK. This implies that the price is at +0.15% from its lowest and at -0.07% from its highest.4.5660
4.5761
4.5727
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this AUD/DKK chart shows a strongly bullish trend. 82.14% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, only 7 technical indicators out of 18 studied are currently positioned bearish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near support of channel
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4.5373 | 4.5540 | 4.5665 | 4.5727 | 4.5736 | 4.5842 | 4.5911 |
| Change (%) | -0.77% | -0.41% | -0.14% | - | +0.02% | +0.25% | +0.40% |
| Change | -0.0354 | -0.0187 | -0.0062 | - | +0.0009 | +0.0115 | +0.0184 |
| Level | Intermediate | Major | Minor | - | Minor | Major | Major |
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 | 4.4957 | 4.5181 | 4.5457 | 4.5681 | 4.5957 | 4.6181 | 4.6457 |
| Camarilla | 4.5596 | 4.5641 | 4.5687 | 4.5733 | 4.5779 | 4.5825 | 4.5871 |
| Woodie | 4.4983 | 4.5194 | 4.5483 | 4.5694 | 4.5983 | 4.6194 | 4.6483 |
| Fibonacci | 4.5181 | 4.5372 | 4.5490 | 4.5681 | 4.5872 | 4.5990 | 4.6181 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.4594 | 4.4924 | 4.5181 | 4.5511 | 4.5768 | 4.6098 | 4.6355 |
| Camarilla | 4.5276 | 4.5329 | 4.5383 | 4.5437 | 4.5491 | 4.5545 | 4.5598 |
| Woodie | 4.4557 | 4.4906 | 4.5144 | 4.5493 | 4.5731 | 4.6080 | 4.6318 |
| Fibonacci | 4.4924 | 4.5149 | 4.5287 | 4.5511 | 4.5736 | 4.5874 | 4.6098 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.2572 | 4.3774 | 4.4622 | 4.5824 | 4.6672 | 4.7874 | 4.8722 |
| Camarilla | 4.4905 | 4.5093 | 4.5281 | 4.5469 | 4.5657 | 4.5845 | 4.6033 |
| Woodie | 4.2394 | 4.3686 | 4.4444 | 4.5736 | 4.6494 | 4.7786 | 4.8544 |
| Fibonacci | 4.3774 | 4.4557 | 4.5041 | 4.5824 | 4.6607 | 4.7091 | 4.7874 |
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): | 52.97 | |
| MACD (12,26,9): | 0.0031 | |
| Directional Movement: | 2.9570 | |
| AROON (14): | -71.4286 | |
| DEMA (21): | 4.5751 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.5745 | |
| Elder Ray (13): | -0.0008 | |
| Super Trend (3,10): | 4.5628 | |
| Zig ZAG (10): | 4.5703 | |
| VORTEX (21): | 1.0219 | |
| Stochastique (14,3,5): | 24.10 | |
| TEMA (21): | 4.5716 | |
| Williams %R (14): | -68.75 | |
| Chande Momentum Oscillator (20): | -0.0051 | |
| Repulse (5,40,3): | -0.0059 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0165 | |
| Courbe Coppock: | 0.32 |
| MA7: | 4.5451 | |
| MA20: | 4.5635 | |
| MA50: | 4.5828 | |
| MA100: | 4.5884 | |
| MAexp7: | 4.5706 | |
| MAexp20: | 4.5696 | |
| MAexp50: | 4.5596 | |
| MAexp100: | 4.5510 | |
| Price / MA7: | +0.61% | |
| Price / MA20: | +0.20% | |
| Price / MA50: | -0.22% | |
| Price / MA100: | -0.34% | |
| Price / MAexp7: | +0.05% | |
| Price / MAexp20: | +0.07% | |
| Price / MAexp50: | +0.29% | |
| Price / MAexp100: | +0.48% |
Quotes :
-
Real time data
-
Forex
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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