AUD/DKK - 1H - Technical analysis published on 09/23/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Bearish
Technical indicators
67%
0%
33%
My opinion
Bearish under 4.6023 DKK
My targets
4.5793 DKK (-0.25%)
4.5485 DKK (-0.92%)
My analysis
In a bearish trend, the price of AUD/DKK tries to inflate a little with a slight short-term rebound. At this stage, no trend reversal is in sight. Globally, sellers have the upper hand. Traders may allow themselves to trade short positions (for sale) as long as the price remains below the resistance located at 4.6023 DKK. A bearish break in the support located at 4.5793 DKK would revive the bearish momentum and fuel the basic trend. Then the price could move towards 4.5485 DKK. Then 4.5197 DKK by extension. It would be safer to wait for a bearish break in the support located at 4.5793 DKK before allowing yourself to re trade short positions (for sale) on AUD/DKK. PS: if there is a bullish break in the resistance located at 4.6023 DKK we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
FORCE
0
10
0
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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
AUD/DKK rating 4.5909 DKK. The price registered an increase of +0.09% on the session with the lowest point at 4.5853 DKK and the highest point at 4.5941 DKK. The deviation from the price is +0.12% for the low point and -0.07% for the high point.4.5853
4.5941
4.5909
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by AUD/DKK:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of AUD/DKK in 1H shows an overall bearish trend. 71.43% of the signals given by moving averages are bearish. Caution: the slightly bullish signals currently given by short-term moving averages show a possible weakening of the global trend. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : 1 hour
The technical indicators are bullish. There is still some doubt about the price increase.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 4.5197 | 4.5485 | 4.5793 | 4.5909 | 4.6023 | 4.6283 | 4.6386 |
Change (%) | -1.55% | -0.92% | -0.25% | - | +0.25% | +0.81% | +1.04% |
Change | -0.0712 | -0.0424 | -0.0116 | - | +0.0114 | +0.0374 | +0.0477 |
Level | Minor | Intermediate | Major | - | Minor | Intermediate | Intermediate |
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 | 4.5578 | 4.5699 | 4.5782 | 4.5903 | 4.5986 | 4.6107 | 4.6190 |
Camarilla | 4.5810 | 4.5829 | 4.5847 | 4.5866 | 4.5885 | 4.5903 | 4.5922 |
Woodie | 4.5560 | 4.5690 | 4.5764 | 4.5894 | 4.5968 | 4.6098 | 4.6172 |
Fibonacci | 4.5699 | 4.5777 | 4.5825 | 4.5903 | 4.5981 | 4.6029 | 4.6107 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 4.4764 | 4.5285 | 4.5575 | 4.6096 | 4.6386 | 4.6907 | 4.7197 |
Camarilla | 4.5643 | 4.5717 | 4.5792 | 4.5866 | 4.5940 | 4.6015 | 4.6089 |
Woodie | 4.4650 | 4.5227 | 4.5461 | 4.6038 | 4.6272 | 4.6849 | 4.7083 |
Fibonacci | 4.5285 | 4.5595 | 4.5786 | 4.6096 | 4.6406 | 4.6597 | 4.6907 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 4.2800 | 4.3641 | 4.4673 | 4.5514 | 4.6546 | 4.7387 | 4.8419 |
Camarilla | 4.5191 | 4.5363 | 4.5534 | 4.5706 | 4.5878 | 4.6049 | 4.6221 |
Woodie | 4.2897 | 4.3689 | 4.4770 | 4.5562 | 4.6643 | 4.7435 | 4.8516 |
Fibonacci | 4.3641 | 4.4356 | 4.4798 | 4.5514 | 4.6229 | 4.6671 | 4.7387 |
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): | 51.33 | |
MACD (12,26,9): | -0.0003 | |
Directional Movement: | 0.1078 | |
AROON (14): | 57.1428 | |
DEMA (21): | 4.5895 | |
Parabolic SAR (0,02-0,02-0,2): | 4.5942 | |
Elder Ray (13): | 0.0010 | |
Super Trend (3,10): | 4.5997 | |
Zig ZAG (10): | 4.5913 | |
VORTEX (21): | 0.9979 | |
Stochastique (14,3,5): | 82.80 | |
TEMA (21): | 4.5916 | |
Williams %R (14): | -15.83 | |
Chande Momentum Oscillator (20): | 0.0081 | |
Repulse (5,40,3): | 0.0239 | |
ROCnROLL: | -1 | |
TRIX (15,9): | -0.0028 | |
Courbe Coppock: | 0.06 |
MA7: | 4.6167 | |
MA20: | 4.6027 | |
MA50: | 4.5916 | |
MA100: | 4.6030 | |
MAexp7: | 4.5911 | |
MAexp20: | 4.5903 | |
MAexp50: | 4.5945 | |
MAexp100: | 4.6045 | |
Price / MA7: | -0.56% | |
Price / MA20: | -0.26% | |
Price / MA50: | -0.02% | |
Price / MA100: | -0.26% | |
Price / MAexp7: | -0.00% | |
Price / MAexp20: | +0.01% | |
Price / MAexp50: | -0.08% | |
Price / MAexp100: | -0.30% |
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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