AUD/DKK
AUD DKK
- DKK (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: AUDDKK
ISIN:

AUD/DKK - 1H - Technical analysis published on 03/03/2020 (GMT)

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  • Timeframe : 1H
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  • Status : TARGET REACHED

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Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Slightly bearish
Technical indicators
94%
0%
6%
My opinion
Bullish above 4.3636 DKK
My targets
4.4272 DKK (+0.0066)
4.4508 DKK (+0.0302)
My analysis
The current short-term bullish trend is expected to quickly reset the neutral or bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for AUD/DKK as long as the price remains well above 4.3636 DKK. The buyers” bullish objective is set at 4.4272 DKK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 4.4508 DKK. If there is any crossing, the next objective would be the resistance located at 4.5054 DKK. As the basic trend is not clearly displayed, attention should be paid to the price reaction to the resistance at 4.4272 DKK. On this resistance, against the trend traders who would like to go short on AUD/DKK with a bearish signal from their trading strategy, should not hesitate to act.

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
3.4

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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The AUD/DKK rating is 4.4206 DKK. On the day, this instrument lost +0.68% and was between 4.3697 DKK and 4.4250 DKK. This implies that the price is at +1.16% from its lowest and at -0.10% from its highest.

4.3697
4.4250
4.4206

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by AUD/DKK:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

New LOW record (5 years)

Type : Bearish

Timeframe : Weekly


Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly


Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of this 1H chart of AUD/DKK indicates that the overall trend is slightly bearish. 57.14% 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.

An assessment of technical indicators shows a strong bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Central Indicators

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Central Patterns

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour


Horizontal support is broken

Type : Bearish

Timeframe : 1 hour



The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:

Central Candlesticks

Doji

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S2
S1
R1
R2
R3
Price


S2S1PriceR1R2R3
ProTrendLines 3.5742 4.3636 4.4206 4.4272 4.5054 4.5445
Change (%) -19.15% -1.29% - +0.15% +1.92% +2.80%
Change -0.8464 -0.0570 - +0.0066 +0.0848 +0.1239
Level Intermediate Intermediate - Intermediate Major Intermediate



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard4.29704.33034.36064.39394.42424.45754.4878
Camarilla4.37344.37924.38514.39094.39674.40264.4084
Woodie4.29554.32964.35914.39324.42274.45684.4863
Fibonacci4.33034.35464.36964.39394.41824.43324.4575


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard4.15264.26544.33804.45084.52344.63624.7088
Camarilla4.35954.37654.39354.41054.42754.44454.4615
Woodie4.13244.25544.31784.44084.50324.62624.6886
Fibonacci4.26544.33634.38004.45084.52174.56544.6362


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard4.04474.21154.31104.47784.57734.74414.8436
Camarilla4.33734.36174.38614.41054.43494.45934.4837
Woodie4.01114.19474.27744.46104.54374.72734.8100
Fibonacci4.21154.31324.37614.47784.57954.64244.7441

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): 60.20
MACD (12,26,9): 0.0046
Directional Movement: 14.5283
AROON (14): 85.7143
DEMA (21): 4.4039
Parabolic SAR (0,02-0,02-0,2): 4.3863
Elder Ray (13): 0.0130
Super Trend (3,10): 4.3834
Zig ZAG (10): 4.4197
VORTEX (21): 1.2206
Stochastique (14,3,5): 97.15
TEMA (21): 4.4151
Williams %R (14): -2.92
Chande Momentum Oscillator (20): 0.0465
Repulse (5,40,3): 0.3376
ROCnROLL: 1
TRIX (15,9): 0.0000
Courbe Coppock: 1.37
MA7: 4.4683
MA20: 4.5531
MA50: 4.5928
MA100: 4.6027
MAexp7: 4.4117
MAexp20: 4.4002
MAexp50: 4.4077
MAexp100: 4.4356
Price / MA7: -1.07%
Price / MA20: -2.91%
Price / MA50: -3.75%
Price / MA100: -3.96%
Price / MAexp7: +0.20%
Price / MAexp20: +0.46%
Price / MAexp50: +0.29%
Price / MAexp100: -0.34%

This member declared not having a position on this financial instrument or a related financial instrument.

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