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

EUR/DKK - 1H - Technical analysis published on 05/03/2023 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Bearish
Technical indicators
22%
28%
50%
My opinion
Bearish under 7.4544 DKK
My targets
7.4517 DKK (-0.0015)
7.4500 DKK (-0.0032)
My analysis
In the short term, we can see an acceleration in the bearish trend on EUR/DKK, which is a positive signal for sellers. As long as the price remains above 7.4544 DKK, a sale could be considered. The first bearish objective is located at 7.4517 DKK. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 7.4500 DKK as an objective. Crossing it would then enable sellers to target 7.4460 DKK. If the price were to return above 7.4544 DKK, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be risky.

In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
4.8

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. Daily Weekly

Additional analysis

Quotes

The EUR/DKK rating is 7.4532 DKK. The price registered an increase of +0.00% on the session and was traded between 7.4531 DKK and 7.4545 DKK over the period. The price is currently at +0.00% from its lowest and -0.02% from its highest.

7.4531
7.4545
7.4532

So that you have an overall view of the price change, here is a table showing the variations over several periods:
The Central Records scanner for higher/lower results shows the following items:

Central Records

Near a new LOW record (5 years)

Type : Bearish

Timeframe : Weekly


Near a new LOW record (1 year)

Type : Bearish

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 bearish trend. 75.00% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish signals given by short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:

Central Indicators

Bearish trend reversal : Moving Average 50

Type : Bearish

Timeframe : 1 hour


Bearish trend reversal : adaptative moving average 50

Type : Bearish

Timeframe : 1 hour


Bearish trend reversal : adaptative moving average 100

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with Moving Average 50

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with Moving Average 100

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with adaptative moving average 50

Type : Bearish

Timeframe : 1 hour



In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 9 are neutral and 5 are bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

RSI indicator is back under 50

Type : Bearish

Timeframe : 1 hour


MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : 1 hour


Price is back under the pivot point

Type : Bearish

Timeframe : 1 hour


Momentum indicator is back under 0

Type : Bearish

Timeframe : 1 hour


Williams %R indicator is back under -50

Type : Bearish

Timeframe : 1 hour



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Central Patterns

Near resistance of channel

Type : Bearish

Timeframe : 1 hour


Near resistance of triangle

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


S3S2S1PriceR1R2R3
ProTrendLines 7.4506 7.4517 7.4527 7.4532 7.4536 7.4544 7.4554
Change (%) -0.03% -0.02% -0.01% - +0.01% +0.02% +0.03%
Change -0.0026 -0.0015 -0.0005 - +0.0004 +0.0012 +0.0022
Level Minor Major Major - Minor Intermediate Major



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
Standard7.45107.45187.45277.45357.45447.45527.4561
Camarilla7.45307.45327.45337.45357.45377.45387.4540
Woodie7.45107.45187.45277.45357.45447.45527.4561
Fibonacci7.45187.45257.45297.45357.45427.45467.4552


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard7.44477.44777.45057.45357.45637.45937.4621
Camarilla7.45177.45227.45287.45337.45387.45447.4549
Woodie7.44467.44777.45047.45357.45627.45937.4620
Fibonacci7.44777.44997.45137.45357.45577.45717.4593


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard7.44097.44467.44907.45277.45717.46087.4652
Camarilla7.45117.45187.45267.45337.45407.45487.4555
Woodie7.44127.44487.44937.45297.45747.46107.4655
Fibonacci7.44467.44777.44967.45277.45587.45777.4608

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): 44.95
MACD (12,26,9): 0.0001
Directional Movement: -6.1807
AROON (14): 35.7143
DEMA (21): 7.4538
Parabolic SAR (0,02-0,02-0,2): 7.4529
Elder Ray (13): -0.0003
Super Trend (3,10): 7.4529
Zig ZAG (10): 7.4533
VORTEX (21): 0.9727
Stochastique (14,3,5): 52.94
TEMA (21): 7.4538
Williams %R (14): -70.59
Chande Momentum Oscillator (20): -0.0003
Repulse (5,40,3): -0.0085
ROCnROLL: 2
TRIX (15,9): 0.0001
Courbe Coppock: 0.00
MA7: 7.4535
MA20: 7.4522
MA50: 7.4485
MA100: 7.4443
MAexp7: 7.4537
MAexp20: 7.4537
MAexp50: 7.4536
MAexp100: 7.4536
Price / MA7: +0.00%
Price / MA20: +0.01%
Price / MA50: +0.06%
Price / MA100: +0.12%
Price / MAexp7: -0.01%
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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