AUD/DKK - 1H - Technical analysis published on 03/16/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
39%
33%
28%
My opinion
Bearish under 4.1552 DKK
My targets
4.1030 DKK (-0.0143)
4.0527 DKK (-0.0646)
My analysis
AUD/DKK is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 4.1552 DKK. The next support located at 4.1030 DKK is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 4.0527 DKK. Below this support, sellers could then target 3.5742 DKK. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
FORCE
0
10
5.9
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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 4.1173 DKK. The price registered a decrease of -1.06% on the session with the lowest point at 4.0787 DKK and the highest point at 4.2117 DKK. The deviation from the price is +0.95% for the low point and -2.24% for the high point.4.0787
4.2117
4.1173
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
New LOW record (1 year)
Type : Bearish
Timeframe : Weekly
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this AUD/DKK chart shows a sharp bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, of the 18 technical indicators analysed by Central Analyzer, 7 are bullish, 5 are neutral and 6 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
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:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 3.5742 | 4.1030 | 4.1173 | 4.1552 | 4.2893 | 4.3221 |
| Change (%) | -13.19% | -0.35% | - | +0.92% | +4.18% | +4.97% |
| Change | -0.5431 | -0.0143 | - | +0.0379 | +0.1720 | +0.2048 |
| Level | Intermediate | Minor | - | Intermediate | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.0043 | 4.0656 | 4.1135 | 4.1748 | 4.2227 | 4.2840 | 4.3319 |
| Camarilla | 4.1313 | 4.1413 | 4.1513 | 4.1613 | 4.1713 | 4.1813 | 4.1913 |
| Woodie | 3.9975 | 4.0623 | 4.1067 | 4.1715 | 4.2159 | 4.2807 | 4.3251 |
| Fibonacci | 4.0656 | 4.1074 | 4.1331 | 4.1748 | 4.2166 | 4.2423 | 4.2840 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.7851 | 3.9440 | 4.0527 | 4.2116 | 4.3203 | 4.4792 | 4.5879 |
| Camarilla | 4.0877 | 4.1122 | 4.1368 | 4.1613 | 4.1858 | 4.2104 | 4.2349 |
| Woodie | 3.7599 | 3.9315 | 4.0275 | 4.1991 | 4.2951 | 4.4667 | 4.5627 |
| Fibonacci | 3.9440 | 4.0463 | 4.1094 | 4.2116 | 4.3139 | 4.3770 | 4.4792 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 44.42 | |
| MACD (12,26,9): | -0.0183 | |
| Directional Movement: | -10.2325 | |
| AROON (14): | -64.2857 | |
| DEMA (21): | 4.1051 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.1627 | |
| Elder Ray (13): | -0.0051 | |
| Super Trend (3,10): | 4.1748 | |
| Zig ZAG (10): | 4.1157 | |
| VORTEX (21): | 0.9252 | |
| Stochastique (14,3,5): | 51.07 | |
| TEMA (21): | 4.1054 | |
| Williams %R (14): | -50.59 | |
| Chande Momentum Oscillator (20): | -0.0295 | |
| Repulse (5,40,3): | -0.0347 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0725 | |
| Courbe Coppock: | 1.38 |
| MA7: | 4.2531 | |
| MA20: | 4.4136 | |
| MA50: | 4.5253 | |
| MA100: | 4.5757 | |
| MAexp7: | 4.1150 | |
| MAexp20: | 4.1306 | |
| MAexp50: | 4.1687 | |
| MAexp100: | 4.2152 | |
| Price / MA7: | -3.19% | |
| Price / MA20: | -6.71% | |
| Price / MA50: | -9.02% | |
| Price / MA100: | -10.02% | |
| Price / MAexp7: | +0.06% | |
| Price / MAexp20: | -0.32% | |
| Price / MAexp50: | -1.23% | |
| Price / MAexp100: | -2.32% |
This member declared not having a position on this financial instrument or a related financial instrument.
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