AUD/DKK - 1H - Technical analysis published on 03/03/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
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:
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.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by AUD/DKK:
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:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
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:
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:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S2
S1
R1
R2
R3
Price
S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|
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 |
---|---|---|---|---|---|---|---|
Standard | 4.2970 | 4.3303 | 4.3606 | 4.3939 | 4.4242 | 4.4575 | 4.4878 |
Camarilla | 4.3734 | 4.3792 | 4.3851 | 4.3909 | 4.3967 | 4.4026 | 4.4084 |
Woodie | 4.2955 | 4.3296 | 4.3591 | 4.3932 | 4.4227 | 4.4568 | 4.4863 |
Fibonacci | 4.3303 | 4.3546 | 4.3696 | 4.3939 | 4.4182 | 4.4332 | 4.4575 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 4.1526 | 4.2654 | 4.3380 | 4.4508 | 4.5234 | 4.6362 | 4.7088 |
Camarilla | 4.3595 | 4.3765 | 4.3935 | 4.4105 | 4.4275 | 4.4445 | 4.4615 |
Woodie | 4.1324 | 4.2554 | 4.3178 | 4.4408 | 4.5032 | 4.6262 | 4.6886 |
Fibonacci | 4.2654 | 4.3363 | 4.3800 | 4.4508 | 4.5217 | 4.5654 | 4.6362 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 4.0447 | 4.2115 | 4.3110 | 4.4778 | 4.5773 | 4.7441 | 4.8436 |
Camarilla | 4.3373 | 4.3617 | 4.3861 | 4.4105 | 4.4349 | 4.4593 | 4.4837 |
Woodie | 4.0111 | 4.1947 | 4.2774 | 4.4610 | 4.5437 | 4.7273 | 4.8100 |
Fibonacci | 4.2115 | 4.3132 | 4.3761 | 4.4778 | 4.5795 | 4.6424 | 4.7441 |
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.
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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