EUR/DKK - 1H - Technical analysis published on 10/20/2021 (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:
Bullish
Underlying:
Bullish
Technical indicators
33%
11%
56%
My opinion
Bullish above 7.4398 DKK
My targets
7.4415 DKK (+0.0008)
7.4424 DKK (+0.0017)
My analysis
All elements being rather bullish, it would be possible for traders to only trade long positions (at the time of purchase) on EUR/DKK as long as the price remains well above 7.4398 DKK. The buyers' bullish objective is set at 7.4415 DKK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 7.4424 DKK. If there is any crossing, the next objective would be the resistance located at 7.4486 DKK. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bullish, basic trend. If you have another key point closer to the current price, it would be better to only trade long positions (at the time of purchase) above that key point.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
5
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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 EUR/DKK rating is 7.4407 DKK. On the day, this instrument gained +0.00% and was traded between 7.4403 DKK and 7.4415 DKK over the period. The price is currently at +0.01% from its lowest and -0.01% from its highest.7.4403
7.4415
7.4407
Here is a more detailed summary of the historical variations registered by EUR/DKK:
Technical
Technical analysis of this 1H chart of EUR/DKK indicates that the overall trend is bullish. 64.29% of the signals given by moving averages are bullish. This bullish trend shows slight signs of slowing down given the slightly bullish signals given by the short-term moving averages. The Central Indicators scanner detects bullish and bearish signals on moving averages that could impact this trend:
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with Moving Average 100
Type : Bearish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
In fact, of the 18 technical indicators analysed by Central Analyzer, 6 are bullish, 10 are neutral and 2 are bearish. Caution: the Central Indicators scanner currently detects an excess:
MACD indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
RSI indicator is back under 50
Type : Bearish
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 triangle is broken
Type : Bullish
Timeframe : 1 hour
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
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 | 7.4394 | 7.4398 | 7.4404 | 7.4407 | 7.4411 | 7.4415 | 7.4420 |
| Change (%) | -0.02% | -0.01% | +0.00% | - | +0.01% | +0.01% | +0.02% |
| Change | -0.0013 | -0.0009 | -0.0003 | - | +0.0004 | +0.0008 | +0.0013 |
| Level | Minor | Major | Minor | - | Major | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.4390 | 7.4395 | 7.4400 | 7.4405 | 7.4410 | 7.4415 | 7.4420 |
| Camarilla | 7.4402 | 7.4403 | 7.4404 | 7.4405 | 7.4406 | 7.4407 | 7.4408 |
| Woodie | 7.4390 | 7.4395 | 7.4400 | 7.4405 | 7.4410 | 7.4415 | 7.4420 |
| Fibonacci | 7.4395 | 7.4399 | 7.4401 | 7.4405 | 7.4409 | 7.4411 | 7.4415 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.4367 | 7.4381 | 7.4393 | 7.4407 | 7.4419 | 7.4433 | 7.4445 |
| Camarilla | 7.4399 | 7.4401 | 7.4404 | 7.4406 | 7.4408 | 7.4411 | 7.4413 |
| Woodie | 7.4367 | 7.4381 | 7.4393 | 7.4407 | 7.4419 | 7.4433 | 7.4445 |
| Fibonacci | 7.4381 | 7.4391 | 7.4397 | 7.4407 | 7.4417 | 7.4423 | 7.4433 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.4326 | 7.4340 | 7.4353 | 7.4367 | 7.4380 | 7.4394 | 7.4407 |
| Camarilla | 7.4359 | 7.4361 | 7.4364 | 7.4366 | 7.4369 | 7.4371 | 7.4373 |
| Woodie | 7.4326 | 7.4340 | 7.4353 | 7.4367 | 7.4380 | 7.4394 | 7.4407 |
| Fibonacci | 7.4340 | 7.4350 | 7.4357 | 7.4367 | 7.4377 | 7.4384 | 7.4394 |
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): | 50.16 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | 5.0484 | |
| AROON (14): | -50.0000 | |
| DEMA (21): | 7.4406 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.4414 | |
| Elder Ray (13): | 0 | |
| Super Trend (3,10): | 7.4412 | |
| Zig ZAG (10): | 7.4407 | |
| VORTEX (21): | 1.0833 | |
| Stochastique (14,3,5): | 25.00 | |
| TEMA (21): | 7.4406 | |
| Williams %R (14): | -66.67 | |
| Chande Momentum Oscillator (20): | 0.0001 | |
| Repulse (5,40,3): | 0.0036 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.00 |
| MA7: | 7.4407 | |
| MA20: | 7.4388 | |
| MA50: | 7.4373 | |
| MA100: | 7.4371 | |
| MAexp7: | 7.4406 | |
| MAexp20: | 7.4406 | |
| MAexp50: | 7.4406 | |
| MAexp100: | 7.4406 | |
| Price / MA7: | -0% | |
| Price / MA20: | +0.03% | |
| Price / MA50: | +0.05% | |
| Price / MA100: | +0.05% | |
| Price / MAexp7: | +0.00% | |
| Price / MAexp20: | +0.00% | |
| Price / MAexp50: | +0.00% | |
| Price / MAexp100: | +0.00% |
Quotes :
-
Real time data
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Forex
This member declared not having a position on this financial instrument or a related financial instrument.
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