AUD/DKK - 1H - Technical analysis published on 04/18/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
44%
39%
My opinion
Bearish under 4.5141 DKK
My targets
4.4903 DKK (-0.0113)
4.4628 DKK (-0.0388)
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 4.5141 DKK. The sellers' bearish objective is set at 4.4903 DKK. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 4.4628 DKK. In case of crossing, the next objective would be the support located at 4.4320 DKK. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
5.9
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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 rating is 4.5016 DKK. The price registered a decrease of -0.02% on the session and was between 4.4975 DKK and 4.5114 DKK. This implies that the price is at +0.09% from its lowest and at -0.22% from its highest.4.4975
4.5114
4.5016
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 (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
A technical analysis in 1H of this AUD/DKK chart shows a sharp bearish trend. 82.14% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, according to the parameters integrated into the Central Analyzer system, only 8 technical indicators out of 18 analysed are currently bearish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
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 | 4.4320 | 4.4628 | 4.4903 | 4.5016 | 4.5022 | 4.5141 | 4.5384 |
| Change (%) | -1.55% | -0.86% | -0.25% | - | +0.01% | +0.28% | +0.82% |
| Change | -0.0696 | -0.0388 | -0.0113 | - | +0.0006 | +0.0125 | +0.0368 |
| Level | Minor | Major | Major | - | Minor | Major | Major |
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 | 4.4775 | 4.4862 | 4.4944 | 4.5031 | 4.5113 | 4.5200 | 4.5282 |
| Camarilla | 4.4981 | 4.4996 | 4.5012 | 4.5027 | 4.5043 | 4.5058 | 4.5074 |
| Woodie | 4.4774 | 4.4861 | 4.4943 | 4.5030 | 4.5112 | 4.5199 | 4.5281 |
| Fibonacci | 4.4862 | 4.4926 | 4.4966 | 4.5031 | 4.5095 | 4.5135 | 4.5200 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.4717 | 4.4938 | 4.5122 | 4.5343 | 4.5527 | 4.5748 | 4.5932 |
| Camarilla | 4.5196 | 4.5233 | 4.5270 | 4.5307 | 4.5344 | 4.5381 | 4.5418 |
| Woodie | 4.4700 | 4.4929 | 4.5105 | 4.5334 | 4.5510 | 4.5739 | 4.5915 |
| Fibonacci | 4.4938 | 4.5092 | 4.5188 | 4.5343 | 4.5497 | 4.5593 | 4.5748 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.3780 | 4.4148 | 4.4610 | 4.4978 | 4.5440 | 4.5808 | 4.6270 |
| Camarilla | 4.4845 | 4.4921 | 4.4997 | 4.5073 | 4.5149 | 4.5225 | 4.5301 |
| Woodie | 4.3828 | 4.4172 | 4.4658 | 4.5002 | 4.5488 | 4.5832 | 4.6318 |
| Fibonacci | 4.4148 | 4.4465 | 4.4661 | 4.4978 | 4.5295 | 4.5491 | 4.5808 |
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): | 45.42 | |
| MACD (12,26,9): | -0.0008 | |
| Directional Movement: | 0.3844 | |
| AROON (14): | -28.5714 | |
| DEMA (21): | 4.5026 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.5081 | |
| Elder Ray (13): | -0.0011 | |
| Super Trend (3,10): | 4.4945 | |
| Zig ZAG (10): | 4.5013 | |
| VORTEX (21): | 1.0053 | |
| Stochastique (14,3,5): | 28.39 | |
| TEMA (21): | 4.5025 | |
| Williams %R (14): | -67.97 | |
| Chande Momentum Oscillator (20): | -0.0035 | |
| Repulse (5,40,3): | 0.0093 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0003 | |
| Courbe Coppock: | 0.13 |
| MA7: | 4.5186 | |
| MA20: | 4.5164 | |
| MA50: | 4.5077 | |
| MA100: | 4.5279 | |
| MAexp7: | 4.5021 | |
| MAexp20: | 4.5034 | |
| MAexp50: | 4.5056 | |
| MAexp100: | 4.5119 | |
| Price / MA7: | -0.38% | |
| Price / MA20: | -0.33% | |
| Price / MA50: | -0.14% | |
| Price / MA100: | -0.58% | |
| Price / MAexp7: | -0.01% | |
| Price / MAexp20: | -0.04% | |
| Price / MAexp50: | -0.09% | |
| Price / MAexp100: | -0.23% |
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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