AUD/DKK - 1H - Technical analysis published on 11/12/2019 (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:
Slightly bearish
Technical indicators
67%
0%
33%
My opinion
Bullish above 4.6427 DKK
My targets
4.6569 DKK (+0.28%)
4.6710 DKK (+0.58%)
My analysis
The strong short-term increase in AUD/DKK calls into question the currently slightly bearish basic trend. A trend reversal is likely. As long as the price remains above 4.6427 DKK, you could consider taking advantage of the short-term movement. The first bullish objective is located at 4.6569 DKK. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 4.6710 DKK as an objective. Crossing it would then enable buyers to target 4.6779 DKK. Caution, a return under 4.6427 DKK could jeopardize the reversal.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
FORCE
0
10
2.1
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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
The AUD/DKK price is 4.6441 DKK. On the day, this instrument gained +0.15% with the lowest point at 4.6294 DKK and the highest point at 4.6467 DKK. The deviation from the price is +0.32% for the low point and -0.06% for the high point.4.6294
4.6467
4.6441
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
A technical analysis in 1H of this AUD/DKK chart shows a slightly bearish trend. 60.71% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages indicate that this slightly bearish trend could quickly be reversed. An assessment of moving averages reveals several bullish signals that could impact this trend:
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, 12 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 4.6303 | 4.6358 | 4.6427 | 4.6441 | 4.6569 | 4.6710 | 4.6779 |
| Change (%) | -0.30% | -0.18% | -0.03% | - | +0.28% | +0.58% | +0.73% |
| Change | -0.0138 | -0.0083 | -0.0014 | - | +0.0128 | +0.0269 | +0.0338 |
| Level | Minor | Major | Minor | - | Major | Minor | 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 | 4.6157 | 4.6258 | 4.6315 | 4.6416 | 4.6473 | 4.6574 | 4.6631 |
| Camarilla | 4.6329 | 4.6343 | 4.6358 | 4.6372 | 4.6387 | 4.6401 | 4.6416 |
| Woodie | 4.6135 | 4.6247 | 4.6293 | 4.6405 | 4.6451 | 4.6563 | 4.6609 |
| Fibonacci | 4.6258 | 4.6318 | 4.6356 | 4.6416 | 4.6476 | 4.6514 | 4.6574 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.5582 | 4.5876 | 4.6191 | 4.6485 | 4.6800 | 4.7094 | 4.7409 |
| Camarilla | 4.6339 | 4.6394 | 4.6450 | 4.6506 | 4.6562 | 4.6618 | 4.6674 |
| Woodie | 4.5593 | 4.5881 | 4.6202 | 4.6490 | 4.6811 | 4.7099 | 4.7420 |
| Fibonacci | 4.5876 | 4.6109 | 4.6252 | 4.6485 | 4.6718 | 4.6861 | 4.7094 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.4708 | 4.5086 | 4.5621 | 4.5999 | 4.6534 | 4.6912 | 4.7447 |
| Camarilla | 4.5905 | 4.5989 | 4.6072 | 4.6156 | 4.6240 | 4.6323 | 4.6407 |
| Woodie | 4.4787 | 4.5125 | 4.5700 | 4.6038 | 4.6613 | 4.6951 | 4.7526 |
| Fibonacci | 4.5086 | 4.5435 | 4.5650 | 4.5999 | 4.6348 | 4.6563 | 4.6912 |
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): | 51.85 | |
| MACD (12,26,9): | -0.0002 | |
| Directional Movement: | -1.3904 | |
| AROON (14): | 78.5714 | |
| DEMA (21): | 4.6392 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.6347 | |
| Elder Ray (13): | 0.0014 | |
| Super Trend (3,10): | 4.6450 | |
| Zig ZAG (10): | 4.6420 | |
| VORTEX (21): | 0.9863 | |
| Stochastique (14,3,5): | 69.34 | |
| TEMA (21): | 4.6410 | |
| Williams %R (14): | -27.74 | |
| Chande Momentum Oscillator (20): | 0.0066 | |
| Repulse (5,40,3): | 0.0961 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0035 | |
| Courbe Coppock: | 0.14 |
| MA7: | 4.6443 | |
| MA20: | 4.6151 | |
| MA50: | 4.6102 | |
| MA100: | 4.6015 | |
| MAexp7: | 4.6411 | |
| MAexp20: | 4.6399 | |
| MAexp50: | 4.6422 | |
| MAexp100: | 4.6433 | |
| Price / MA7: | -0.00% | |
| Price / MA20: | +0.63% | |
| Price / MA50: | +0.74% | |
| Price / MA100: | +0.93% | |
| Price / MAexp7: | +0.06% | |
| Price / MAexp20: | +0.09% | |
| Price / MAexp50: | +0.04% | |
| Price / MAexp100: | +0.02% |
This member declared not having a position on this financial instrument or a related financial instrument.
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