AUD/DKK - 1H - Technical analysis published on 08/29/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
33%
44%
22%
My opinion
Bearish under 4.4335 DKK
My targets
4.4136 DKK (-0.0109)
4.3956 DKK (-0.0289)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on AUD/DKK as long as the price remains well below 4.4335 DKK. The sellers' bearish objective is set at 4.4136 DKK. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 4.3956 DKK. In case of crossing, the next objective would be the support located at 4.3853 DKK.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
4.6
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Additional analysis
Quotes
AUD/DKK rating 4.4245 DKK. The price is lower by -0.01% since the last closing and was between 4.4218 DKK and 4.4488 DKK. This implies that the price is at +0.06% from its lowest and at -0.55% from its highest.4.4218
4.4488
4.4245
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
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
Abnormal volumes on AUD/DKK were detected by the Central Volumes scanner:
Abnormal volumes
Timeframe : 20 days
Technical
A technical analysis in 1H of this AUD/DKK chart shows a bearish trend. 75.00% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:
Bearish trend reversal : adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
On the 18 technical indicators analysed, 6 are bullish, 4 are neutral and 8 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
SuperTrend indicator bearish reversal
Type : Bearish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
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 | 4.3956 | 4.4136 | 4.4221 | 4.4245 | 4.4335 | 4.4484 | 4.4597 |
| Change (%) | -0.65% | -0.25% | -0.05% | - | +0.20% | +0.54% | +0.80% |
| Change | -0.0289 | -0.0109 | -0.0024 | - | +0.0090 | +0.0239 | +0.0352 |
| Level | Minor | Major | Minor | - | Minor | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.3862 | 4.4000 | 4.4125 | 4.4263 | 4.4388 | 4.4526 | 4.4651 |
| Camarilla | 4.4178 | 4.4202 | 4.4226 | 4.4250 | 4.4274 | 4.4298 | 4.4322 |
| Woodie | 4.3856 | 4.3997 | 4.4119 | 4.4260 | 4.4382 | 4.4523 | 4.4645 |
| Fibonacci | 4.4000 | 4.4101 | 4.4163 | 4.4263 | 4.4364 | 4.4426 | 4.4526 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.3043 | 4.3385 | 4.3799 | 4.4141 | 4.4555 | 4.4897 | 4.5311 |
| Camarilla | 4.4004 | 4.4073 | 4.4143 | 4.4212 | 4.4281 | 4.4351 | 4.4420 |
| Woodie | 4.3078 | 4.3403 | 4.3834 | 4.4159 | 4.4590 | 4.4915 | 4.5346 |
| Fibonacci | 4.3385 | 4.3674 | 4.3853 | 4.4141 | 4.4430 | 4.4609 | 4.4897 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.3927 | 4.4402 | 4.4955 | 4.5430 | 4.5983 | 4.6458 | 4.7011 |
| Camarilla | 4.5225 | 4.5320 | 4.5414 | 4.5508 | 4.5602 | 4.5697 | 4.5791 |
| Woodie | 4.3966 | 4.4422 | 4.4994 | 4.5450 | 4.6022 | 4.6478 | 4.7050 |
| Fibonacci | 4.4402 | 4.4795 | 4.5037 | 4.5430 | 4.5823 | 4.6065 | 4.6458 |
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): | 44.10 | |
| MACD (12,26,9): | 0.0013 | |
| Directional Movement: | -2.2544 | |
| AROON (14): | 71.4286 | |
| DEMA (21): | 4.4342 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.4488 | |
| Elder Ray (13): | -0.0064 | |
| Super Trend (3,10): | 4.4486 | |
| Zig ZAG (10): | 4.4252 | |
| VORTEX (21): | 0.9701 | |
| Stochastique (14,3,5): | 26.18 | |
| TEMA (21): | 4.4348 | |
| Williams %R (14): | -90.42 | |
| Chande Momentum Oscillator (20): | 0.0005 | |
| Repulse (5,40,3): | -0.3288 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0068 | |
| Courbe Coppock: | 0.29 |
| MA7: | 4.4204 | |
| MA20: | 4.4248 | |
| MA50: | 4.4952 | |
| MA100: | 4.5343 | |
| MAexp7: | 4.4325 | |
| MAexp20: | 4.4322 | |
| MAexp50: | 4.4302 | |
| MAexp100: | 4.4268 | |
| Price / MA7: | +0.09% | |
| Price / MA20: | -0.01% | |
| Price / MA50: | -1.57% | |
| Price / MA100: | -2.42% | |
| Price / MAexp7: | -0.18% | |
| Price / MAexp20: | -0.17% | |
| Price / MAexp50: | -0.13% | |
| Price / MAexp100: | -0.05% |
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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