EUR/DKK
EUR DKK
- DKK (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: EURDKK
ISIN:

EUR/DKK - Daily - Technical analysis published on 03/14/2023 (GMT)

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  • Timeframe : Daily
  • - Analysis generated on
  • Status : TARGET REACHED

Summary of the analysis

Trends
Short term: Bullish
Underlying: Strongly bullish
Technical indicators
67%
11%
22%
My opinion
Bullish above 7.4386 DKK
My targets
7.4517 DKK (+0.0072)
7.4593 DKK (+0.0148)
My analysis
The basic bullish trend is very strong on EUR/DKK but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 7.4386 DKK. Crossing the first resistance at 7.4517 DKK would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 7.4593 DKK as an objective. Crossing it would then enable buyers to target 7.4643 DKK. Caution, a return to below 7.4386 DKK would be a sign of a consolidation phase in the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
7.1

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 Londinia. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

Additional analysis

Quotes

The EUR/DKK rating is 7.4445 DKK. The price has increased by +0.00% since the last closing with the lowest point at 7.4443 DKK and the highest point at 7.4449 DKK. The deviation from the price is +0.00% for the low point and -0.01% for the high point.

7.4443
7.4449
7.4445

So that you have an overall view of the price change, here is a table showing the variations over several periods:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

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 strongly bullish. The signals given by moving averages are 89.29% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Central Indicators

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : Daily



The probability of a further increase are moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

RSI indicator: bearish divergence

Type : Bearish

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly


Momentum indicator is back over 0

Type : Bullish

Timeframe : Daily



An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Central Patterns

Horizontal resistance is broken

Type : Bullish

Timeframe : Daily



The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 7.4361 7.4386 7.4423 7.4445 7.4460 7.4517 7.4554
Change (%) -0.11% -0.08% -0.03% - +0.02% +0.10% +0.15%
Change -0.0084 -0.0059 -0.0022 - +0.0015 +0.0072 +0.0109
Level Major Intermediate Major - Major Minor Minor



To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard7.43587.43827.44157.44397.44727.44967.4529
Camarilla7.44327.44387.44437.44487.44537.44597.4464
Woodie7.43637.43847.44207.44417.44777.44987.4534
Fibonacci7.43827.44047.44177.44397.44617.44747.4496


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard7.43337.43637.43967.44267.44597.44897.4522
Camarilla7.44127.44187.44237.44297.44357.44417.4446
Woodie7.43357.43647.43987.44277.44617.44907.4524
Fibonacci7.43637.43877.44027.44267.44507.44657.4489


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard7.42027.42917.43607.44497.45187.46077.4676
Camarilla7.43877.44017.44167.44307.44457.44597.4474
Woodie7.41937.42867.43517.44447.45097.46027.4667
Fibonacci7.42917.43517.43887.44497.45097.45467.4607

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): 54.96
MACD (12,26,9): 0.0002
Directional Movement: 2.8218
AROON (14): -64.2857
DEMA (21): 7.4438
Parabolic SAR (0,02-0,02-0,2): 7.4397
Elder Ray (13): 0.0012
Super Trend (3,10): 7.4400
Zig ZAG (10): 7.4445
VORTEX (21): 0.9724
Stochastique (14,3,5): 60.12
TEMA (21): 7.4431
Williams %R (14): -29.73
Chande Momentum Oscillator (20): 0.0004
Repulse (5,40,3): 0.0321
ROCnROLL: 1
TRIX (15,9): 0.0006
Courbe Coppock: 0.08
MA7: 7.4431
MA20: 7.4441
MA50: 7.4418
MA100: 7.4401
MAexp7: 7.4435
MAexp20: 7.4434
MAexp50: 7.4422
MAexp100: 7.4409
Price / MA7: +0.02%
Price / MA20: +0.01%
Price / MA50: +0.04%
Price / MA100: +0.06%
Price / MAexp7: +0.01%
Price / MAexp20: +0.01%
Price / MAexp50: +0.03%
Price / MAexp100: +0.05%

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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