EUR/DKK - 1H - Technical analysis published on 04/19/2022 (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
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 7.4378 DKK
My targets
7.4396 DKK (+0.0006)
7.4424 DKK (+0.0034)
My analysis
EUR/DKK is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 7.4378 DKK. The next resistance located at 7.4396 DKK is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 7.4424 DKK. After this resistance, buyers could then target 7.4439 DKK. With the current pattern, you will need to monitor for possible bullish 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 bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.4
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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
EUR/DKK rating 7.4390 DKK. On the day, this instrument gained +0.01% and was between 7.4382 DKK and 7.4391 DKK. This implies that the price is at +0.01% from its lowest and at +0.00% from its highest.7.4382
7.4391
7.4390
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by EUR/DKK:
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
A technical analysis in 1H of this EUR/DKK chart shows a strongly bullish trend. 85.71% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 16 technical indicators on 18 studied are currently bullish. 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
Momentum indicator is back over 0
Type : Bullish
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:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
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 | 7.4378 | 7.4385 | 7.4390 | 7.4390 | 7.4396 | 7.4411 | 7.4424 |
| Change (%) | -0.02% | -0.01% | 0% | - | +0.01% | +0.03% | +0.05% |
| Change | -0.0012 | -0.0005 | 0 | - | +0.0006 | +0.0021 | +0.0034 |
| Level | Intermediate | Minor | Intermediate | - | Major | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.4354 | 7.4362 | 7.4373 | 7.4381 | 7.4392 | 7.4400 | 7.4411 |
| Camarilla | 7.4378 | 7.4380 | 7.4381 | 7.4383 | 7.4385 | 7.4387 | 7.4388 |
| Woodie | 7.4355 | 7.4363 | 7.4374 | 7.4382 | 7.4393 | 7.4401 | 7.4412 |
| Fibonacci | 7.4362 | 7.4370 | 7.4374 | 7.4381 | 7.4389 | 7.4393 | 7.4400 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.4287 | 7.4311 | 7.4349 | 7.4373 | 7.4411 | 7.4435 | 7.4473 |
| Camarilla | 7.4369 | 7.4375 | 7.4380 | 7.4386 | 7.4392 | 7.4397 | 7.4403 |
| Woodie | 7.4293 | 7.4315 | 7.4355 | 7.4377 | 7.4417 | 7.4439 | 7.4479 |
| Fibonacci | 7.4311 | 7.4335 | 7.4350 | 7.4373 | 7.4397 | 7.4412 | 7.4435 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.4230 | 7.4297 | 7.4343 | 7.4410 | 7.4456 | 7.4523 | 7.4569 |
| Camarilla | 7.4358 | 7.4368 | 7.4379 | 7.4389 | 7.4399 | 7.4410 | 7.4420 |
| Woodie | 7.4220 | 7.4292 | 7.4333 | 7.4405 | 7.4446 | 7.4518 | 7.4559 |
| Fibonacci | 7.4297 | 7.4340 | 7.4367 | 7.4410 | 7.4453 | 7.4480 | 7.4523 |
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): | 60.11 | |
| MACD (12,26,9): | 0.0001 | |
| Directional Movement: | 2.9716 | |
| AROON (14): | 85.7143 | |
| DEMA (21): | 7.4386 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.4376 | |
| Elder Ray (13): | 0.0004 | |
| Super Trend (3,10): | 7.4391 | |
| Zig ZAG (10): | 7.4390 | |
| VORTEX (21): | 1.1019 | |
| Stochastique (14,3,5): | 95.83 | |
| TEMA (21): | 7.4388 | |
| Williams %R (14): | 0.00 | |
| Chande Momentum Oscillator (20): | 0.0005 | |
| Repulse (5,40,3): | 0.0088 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0001 | |
| Courbe Coppock: | 0.01 |
| MA7: | 7.4381 | |
| MA20: | 7.4382 | |
| MA50: | 7.4397 | |
| MA100: | 7.4394 | |
| MAexp7: | 7.4387 | |
| MAexp20: | 7.4385 | |
| MAexp50: | 7.4384 | |
| MAexp100: | 7.4383 | |
| Price / MA7: | +0.01% | |
| Price / MA20: | +0.01% | |
| Price / MA50: | -0.01% | |
| Price / MA100: | -0.01% | |
| Price / MAexp7: | +0.00% | |
| Price / MAexp20: | +0.01% | |
| Price / MAexp50: | +0.01% | |
| Price / MAexp100: | +0.01% |
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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