AUD/DKK - 1H - Technical analysis published on 10/22/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 4.6058 DKK
My targets
4.6386 DKK (+0.66%)
4.6884 DKK (+1.74%)
My analysis
The bullish trend is currently very strong on AUD/DKK. As long as the price remains above the support at 4.6058 DKK, you could try to benefit from the boom. The first bullish objective is located at 4.6386 DKK. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 4.6884 DKK as an objective. Crossing it would then enable buyers to target 4.7492 DKK. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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 confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
8.2
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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 4.6082 DKK. On the day, this instrument gained +0.12% with the lowest point at 4.5997 DKK and the highest point at 4.6091 DKK. The deviation from the price is +0.18% for the low point and -0.02% for the high point.4.5997
4.6091
4.6082
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 LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of AUD/DKK indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 13 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
CCI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
MACD indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Bullish engulfing lines
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4.5793 | 4.5945 | 4.6058 | 4.6082 | 4.6386 | 4.6884 | 4.7492 |
| Change (%) | -0.63% | -0.30% | -0.05% | - | +0.66% | +1.74% | +3.06% |
| Change | -0.0289 | -0.0137 | -0.0024 | - | +0.0304 | +0.0802 | +0.1410 |
| Level | Major | Intermediate | Intermediate | - | Intermediate | 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 | 4.5649 | 4.5737 | 4.5881 | 4.5969 | 4.6113 | 4.6201 | 4.6345 |
| Camarilla | 4.5961 | 4.5983 | 4.6004 | 4.6025 | 4.6046 | 4.6068 | 4.6089 |
| Woodie | 4.5677 | 4.5751 | 4.5909 | 4.5983 | 4.6141 | 4.6215 | 4.6373 |
| Fibonacci | 4.5737 | 4.5826 | 4.5880 | 4.5969 | 4.6058 | 4.6112 | 4.6201 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.4950 | 4.5207 | 4.5532 | 4.5789 | 4.6114 | 4.6371 | 4.6696 |
| Camarilla | 4.5697 | 4.5750 | 4.5804 | 4.5857 | 4.5910 | 4.5964 | 4.6017 |
| Woodie | 4.4984 | 4.5224 | 4.5566 | 4.5806 | 4.6148 | 4.6388 | 4.6730 |
| Fibonacci | 4.5207 | 4.5429 | 4.5567 | 4.5789 | 4.6011 | 4.6149 | 4.6371 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.4281 | 4.4940 | 4.5591 | 4.6250 | 4.6901 | 4.7560 | 4.8211 |
| Camarilla | 4.5882 | 4.6002 | 4.6122 | 4.6242 | 4.6362 | 4.6482 | 4.6602 |
| Woodie | 4.4277 | 4.4938 | 4.5587 | 4.6248 | 4.6897 | 4.7558 | 4.8207 |
| Fibonacci | 4.4940 | 4.5440 | 4.5750 | 4.6250 | 4.6750 | 4.7060 | 4.7560 |
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): | 62.57 | |
| MACD (12,26,9): | 0.0029 | |
| Directional Movement: | 17.6571 | |
| AROON (14): | 57.1428 | |
| DEMA (21): | 4.6062 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.6004 | |
| Elder Ray (13): | 0.0014 | |
| Super Trend (3,10): | 4.5955 | |
| Zig ZAG (10): | 4.6059 | |
| VORTEX (21): | 1.0461 | |
| Stochastique (14,3,5): | 71.56 | |
| TEMA (21): | 4.6065 | |
| Williams %R (14): | -23.00 | |
| Chande Momentum Oscillator (20): | 0.0051 | |
| Repulse (5,40,3): | 0.0723 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0090 | |
| Courbe Coppock: | 0.17 |
| MA7: | 4.5855 | |
| MA20: | 4.5911 | |
| MA50: | 4.5877 | |
| MA100: | 4.5955 | |
| MAexp7: | 4.6055 | |
| MAexp20: | 4.6022 | |
| MAexp50: | 4.5964 | |
| MAexp100: | 4.5907 | |
| Price / MA7: | +0.50% | |
| Price / MA20: | +0.37% | |
| Price / MA50: | +0.45% | |
| Price / MA100: | +0.28% | |
| Price / MAexp7: | +0.06% | |
| Price / MAexp20: | +0.13% | |
| Price / MAexp50: | +0.26% | |
| Price / MAexp100: | +0.38% |
This member declared not having a position on this financial instrument or a related financial instrument.
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