EUR/DKK - Daily - Technical analysis published on 03/23/2022 (GMT)
- 227
- 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
22%
56%
22%
My opinion
Bearish under 7.4396 DKK
My targets
7.4358 DKK (-0.0018)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on EUR/DKK as long as the price remains well below 7.4396 DKK. The sellers' bearish objective is set at 7.4358 DKK. A bearish break of this support would revive the bearish momentum.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
5.4
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
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 7.4376 DKK. The price is lower by -0.03% since the last closing and was traded between 7.4371 DKK and 7.4408 DKK over the period. The price is currently at +0.01% from its lowest and -0.04% from its highest.7.4371
7.4408
7.4376
A study of price movements over other periods shows the following variations:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of EUR/DKK indicates that the overall trend is bearish. The signals given by moving averages are 75.00% bearish. This bearish trend is reinforced by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:
Bearish trend reversal : Moving Average 50
Type : Bearish
Timeframe : Daily
Bearish price crossover with Moving Average 100
Type : Bearish
Timeframe : Daily
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : Daily
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Ichimoku : price is under the cloud
Type : Bearish
Timeframe : Daily
SuperTrend indicator bearish reversal
Type : Bearish
Timeframe : Daily
MACD indicator is back under 0
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Momentum indicator is back under 0
Type : Bearish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Horizontal support is broken
Type : Bearish
Timeframe : Daily
Support of channel is broken
Type : Bearish
Timeframe : Daily
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 | 7.4329 | 7.4358 | 7.4370 | 7.4376 | 7.4385 | 7.4396 | 7.4411 |
| Change (%) | -0.06% | -0.02% | -0.01% | - | +0.01% | +0.03% | +0.05% |
| Change | -0.0047 | -0.0018 | -0.0006 | - | +0.0009 | +0.0020 | +0.0035 |
| Level | Major | Major | Intermediate | - | Major | Major | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.4337 | 7.4355 | 7.4376 | 7.4394 | 7.4415 | 7.4433 | 7.4454 |
| Camarilla | 7.4387 | 7.4391 | 7.4394 | 7.4398 | 7.4402 | 7.4405 | 7.4409 |
| Woodie | 7.4340 | 7.4356 | 7.4379 | 7.4395 | 7.4418 | 7.4434 | 7.4457 |
| Fibonacci | 7.4355 | 7.4370 | 7.4379 | 7.4394 | 7.4409 | 7.4418 | 7.4433 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.4311 | 7.4343 | 7.4382 | 7.4414 | 7.4453 | 7.4485 | 7.4524 |
| Camarilla | 7.4402 | 7.4408 | 7.4415 | 7.4421 | 7.4428 | 7.4434 | 7.4441 |
| Woodie | 7.4315 | 7.4345 | 7.4386 | 7.4416 | 7.4457 | 7.4487 | 7.4528 |
| Fibonacci | 7.4343 | 7.4370 | 7.4387 | 7.4414 | 7.4441 | 7.4458 | 7.4485 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.4238 | 7.4303 | 7.4341 | 7.4406 | 7.4444 | 7.4509 | 7.4547 |
| Camarilla | 7.4350 | 7.4359 | 7.4369 | 7.4378 | 7.4387 | 7.4397 | 7.4406 |
| Woodie | 7.4224 | 7.4296 | 7.4327 | 7.4399 | 7.4430 | 7.4502 | 7.4533 |
| Fibonacci | 7.4303 | 7.4343 | 7.4367 | 7.4406 | 7.4446 | 7.4470 | 7.4509 |
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): | 41.39 | |
| MACD (12,26,9): | -0.0002 | |
| Directional Movement: | -4.2384 | |
| AROON (14): | 14.2857 | |
| DEMA (21): | 7.4404 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.4469 | |
| Elder Ray (13): | -0.0016 | |
| Super Trend (3,10): | 7.4506 | |
| Zig ZAG (10): | 7.4373 | |
| VORTEX (21): | 0.9900 | |
| Stochastique (14,3,5): | 22.75 | |
| TEMA (21): | 7.4402 | |
| Williams %R (14): | -98.11 | |
| Chande Momentum Oscillator (20): | -0.0049 | |
| Repulse (5,40,3): | -0.0573 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0001 | |
| Courbe Coppock: | 0.01 |
| MA7: | 7.4408 | |
| MA20: | 7.4406 | |
| MA50: | 7.4413 | |
| MA100: | 7.4391 | |
| MAexp7: | 7.4402 | |
| MAexp20: | 7.4406 | |
| MAexp50: | 7.4404 | |
| MAexp100: | 7.4397 | |
| Price / MA7: | -0.04% | |
| Price / MA20: | -0.04% | |
| Price / MA50: | -0.05% | |
| Price / MA100: | -0.02% | |
| Price / MAexp7: | -0.03% | |
| Price / MAexp20: | -0.04% | |
| Price / MAexp50: | -0.04% | |
| Price / MAexp100: | -0.03% |
Quotes :
-
Real time data
-
Forex
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
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…
Add a comment
Comments
0 comments on the analysis EUR/DKK - Daily