EUR/DKK - 1H - Technical analysis published on 05/05/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
17%
33%
50%
My opinion
Bearish under 7.4365 DKK
My targets
7.4352 DKK (-0.0008)
7.4278 DKK (-0.0082)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on EUR/DKK. As long as you are under the resistance located at 7.4365 DKK, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 7.4352 DKK would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 7.4278 DKK as an objective. If the resistance 7.4365 DKK were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
4.1
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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
EUR/DKK rating 7.4360 DKK. The price registered an increase of +0.00% on the session and was traded between 7.4359 DKK and 7.4362 DKK over the period. The price is currently at +0.00% from its lowest and +0.00% from its highest.7.4359
7.4362
7.4360
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of EUR/DKK in 1H shows an overall bearish trend. 64.29% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 1 hour
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Support of triangle is broken
Type : Bearish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 7.4329 | 7.4352 | 7.4359 | 7.4360 | 7.4363 | 7.4365 | 7.4367 |
| Change (%) | -0.04% | -0.01% | +0.00% | - | +0.00% | +0.01% | +0.01% |
| Change | -0.0031 | -0.0008 | -0.0001 | - | +0.0003 | +0.0005 | +0.0007 |
| Level | Major | Minor | Major | - | Major | 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 | 7.4351 | 7.4355 | 7.4358 | 7.4362 | 7.4365 | 7.4369 | 7.4372 |
| Camarilla | 7.4360 | 7.4361 | 7.4361 | 7.4362 | 7.4363 | 7.4363 | 7.4364 |
| Woodie | 7.4352 | 7.4355 | 7.4359 | 7.4362 | 7.4366 | 7.4369 | 7.4373 |
| Fibonacci | 7.4355 | 7.4357 | 7.4359 | 7.4362 | 7.4364 | 7.4366 | 7.4369 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.4341 | 7.4348 | 7.4356 | 7.4363 | 7.4371 | 7.4378 | 7.4386 |
| Camarilla | 7.4360 | 7.4361 | 7.4363 | 7.4364 | 7.4365 | 7.4367 | 7.4368 |
| Woodie | 7.4342 | 7.4348 | 7.4357 | 7.4363 | 7.4372 | 7.4378 | 7.4387 |
| Fibonacci | 7.4348 | 7.4354 | 7.4357 | 7.4363 | 7.4369 | 7.4372 | 7.4378 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.3510 | 7.3931 | 7.4147 | 7.4568 | 7.4784 | 7.5205 | 7.5421 |
| Camarilla | 7.4189 | 7.4247 | 7.4306 | 7.4364 | 7.4422 | 7.4481 | 7.4539 |
| Woodie | 7.3409 | 7.3880 | 7.4046 | 7.4517 | 7.4683 | 7.5154 | 7.5320 |
| Fibonacci | 7.3931 | 7.4174 | 7.4324 | 7.4568 | 7.4811 | 7.4961 | 7.5205 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 45.48 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | 6.3537 | |
| AROON (14): | 7.1429 | |
| DEMA (21): | 7.4360 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.4359 | |
| Elder Ray (13): | 0.0001 | |
| Super Trend (3,10): | 7.4365 | |
| Zig ZAG (10): | 7.4360 | |
| VORTEX (21): | 1.0222 | |
| Stochastique (14,3,5): | 27.78 | |
| TEMA (21): | 7.4360 | |
| Williams %R (14): | -66.67 | |
| Chande Momentum Oscillator (20): | 0.0000 | |
| Repulse (5,40,3): | -0.0018 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0001 | |
| Courbe Coppock: | 0.00 |
| MA7: | 7.4361 | |
| MA20: | 7.4365 | |
| MA50: | 7.4366 | |
| MA100: | 7.4375 | |
| MAexp7: | 7.4360 | |
| MAexp20: | 7.4361 | |
| MAexp50: | 7.4361 | |
| MAexp100: | 7.4361 | |
| Price / MA7: | +0.00% | |
| Price / MA20: | -0.01% | |
| Price / MA50: | -0.01% | |
| Price / MA100: | -0.02% | |
| Price / MAexp7: | -0% | |
| Price / MAexp20: | +0.00% | |
| Price / MAexp50: | +0.00% | |
| Price / MAexp100: | +0.00% |
Quotes :
-
Real time data
-
Forex
This member declared not having a position on this financial instrument or a related financial instrument.
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