AUD/DKK - 1H - Technical analysis published on 03/26/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Slightly bearish
Technical indicators
17%
56%
28%
My opinion
Bearish under 4.5046 DKK
My targets
4.4892 DKK (-0.0100)
4.4774 DKK (-0.0218)
My analysis
The short-term decline is currently reinforcing the basic trend, which is only slightly bearish. It would be possible for traders to only trade short positions (for sale) on AUD/DKK as long as the price remains well below 4.5046 DKK. The next bearish objective for sellers is set at 4.4892 DKK. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 4.4774 DKK. In case of crossing, the next objective would be the support located at 4.4706 DKK.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
4.1
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The AUD/DKK rating is 4.4992 DKK. The price registered a decrease of -0.01% on the session and was between 4.4954 DKK and 4.5072 DKK. This implies that the price is at +0.08% from its lowest and at -0.18% from its highest.4.4954
4.5072
4.4992
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by AUD/DKK:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of AUD/DKK in 1H shows an overall slightly bearish trend. 60.71% of the signals given by moving averages are bearish. The overall trend could accelerate as a result of the strong bearish signals from short-term moving averages. The Central Indicators scanner detects bullish and bearish signals on moving averages 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
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Technical indicators are bearish. There is still some doubt about the decline in the price.
The Central Indicators scanner found this result concerning these indicators:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Bullish harami
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4.4706 | 4.4774 | 4.4892 | 4.4992 | 4.5003 | 4.5046 | 4.5098 |
| Change (%) | -0.64% | -0.48% | -0.22% | - | +0.02% | +0.12% | +0.24% |
| Change | -0.0286 | -0.0218 | -0.0100 | - | +0.0011 | +0.0054 | +0.0106 |
| Level | Minor | Minor | Major | - | Major | 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 | 4.4761 | 4.4849 | 4.4923 | 4.5011 | 4.5085 | 4.5173 | 4.5247 |
| Camarilla | 4.4954 | 4.4968 | 4.4983 | 4.4998 | 4.5013 | 4.5028 | 4.5043 |
| Woodie | 4.4755 | 4.4846 | 4.4917 | 4.5008 | 4.5079 | 4.5170 | 4.5241 |
| Fibonacci | 4.4849 | 4.4911 | 4.4949 | 4.5011 | 4.5073 | 4.5111 | 4.5173 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.4136 | 4.4421 | 4.4690 | 4.4975 | 4.5244 | 4.5529 | 4.5798 |
| Camarilla | 4.4807 | 4.4857 | 4.4908 | 4.4959 | 4.5010 | 4.5061 | 4.5111 |
| Woodie | 4.4128 | 4.4417 | 4.4682 | 4.4971 | 4.5236 | 4.5525 | 4.5790 |
| Fibonacci | 4.4421 | 4.4633 | 4.4763 | 4.4975 | 4.5187 | 4.5317 | 4.5529 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.3829 | 4.4235 | 4.4537 | 4.4943 | 4.5245 | 4.5651 | 4.5953 |
| Camarilla | 4.4644 | 4.4709 | 4.4774 | 4.4839 | 4.4904 | 4.4969 | 4.5034 |
| Woodie | 4.3777 | 4.4209 | 4.4485 | 4.4917 | 4.5193 | 4.5625 | 4.5901 |
| Fibonacci | 4.4235 | 4.4506 | 4.4673 | 4.4943 | 4.5214 | 4.5381 | 4.5651 |
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): | 48.04 | |
| MACD (12,26,9): | 0.0001 | |
| Directional Movement: | -0.5283 | |
| AROON (14): | -21.4286 | |
| DEMA (21): | 4.5006 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.5051 | |
| Elder Ray (13): | -0.0009 | |
| Super Trend (3,10): | 4.4933 | |
| Zig ZAG (10): | 4.4991 | |
| VORTEX (21): | 0.9918 | |
| Stochastique (14,3,5): | 40.19 | |
| TEMA (21): | 4.5005 | |
| Williams %R (14): | -65.42 | |
| Chande Momentum Oscillator (20): | 0.0002 | |
| Repulse (5,40,3): | -0.0602 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0007 | |
| Courbe Coppock: | 0.05 |
| MA7: | 4.4977 | |
| MA20: | 4.4951 | |
| MA50: | 4.5059 | |
| MA100: | 4.5199 | |
| MAexp7: | 4.5005 | |
| MAexp20: | 4.5005 | |
| MAexp50: | 4.5002 | |
| MAexp100: | 4.4997 | |
| Price / MA7: | +0.03% | |
| Price / MA20: | +0.09% | |
| Price / MA50: | -0.15% | |
| Price / MA100: | -0.46% | |
| Price / MAexp7: | -0.03% | |
| Price / MAexp20: | -0.03% | |
| Price / MAexp50: | -0.02% | |
| Price / MAexp100: | -0.01% |
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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