EUR/DKK - 1H - Technical analysis published on 05/18/2023 (GMT)
- 150
- 0
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
Click here for a new analysis!
Click here for a new analysis!
- 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:
Strongly bullish
Technical indicators
39%
17%
44%
My opinion
Bullish above 7.4439 DKK
My targets
7.4495 DKK (+0.0014)
7.4554 DKK (+0.0073)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on EUR/DKK as long as the price remains well above 7.4439 DKK. The buyers' bullish objective is set at 7.4495 DKK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 7.4554 DKK. If there is any crossing, the next objective would be the resistance located at 7.4593 DKK. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
6.1
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:
Additional analysis
Quotes
The EUR/DKK price is 7.4481 DKK. The price has increased by +0.00% since the last closing with the lowest point at 7.4471 DKK and the highest point at 7.4485 DKK. The deviation from the price is +0.01% for the low point and -0.01% for the high point.7.4471
7.4485
7.4481
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
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 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
Technical analysis of this 1H chart of EUR/DKK indicates that the overall trend is strongly bullish. The signals given by moving averages are 82.14% 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 scanner detects bullish signals on moving averages that could impact this trend:
Bullish trend reversal : Moving Average 50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 100
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, only 7 technical indicators out of 18 analysed are currently bullish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
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 support
Type : Bullish
Timeframe : 1 hour
Near support of triangle
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 7.4423 | 7.4439 | 7.4460 | 7.4481 | 7.4485 | 7.4495 | 7.4517 |
| Change (%) | -0.08% | -0.06% | -0.03% | - | +0.01% | +0.02% | +0.05% |
| Change | -0.0058 | -0.0042 | -0.0021 | - | +0.0004 | +0.0014 | +0.0036 |
| Level | Intermediate | Minor | Major | - | Minor | Major | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.4436 | 7.4449 | 7.4467 | 7.4480 | 7.4498 | 7.4511 | 7.4529 |
| Camarilla | 7.4476 | 7.4478 | 7.4481 | 7.4484 | 7.4487 | 7.4490 | 7.4493 |
| Woodie | 7.4438 | 7.4450 | 7.4469 | 7.4481 | 7.4500 | 7.4512 | 7.4531 |
| Fibonacci | 7.4449 | 7.4461 | 7.4469 | 7.4480 | 7.4492 | 7.4500 | 7.4511 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.4372 | 7.4406 | 7.4440 | 7.4474 | 7.4508 | 7.4542 | 7.4576 |
| Camarilla | 7.4456 | 7.4463 | 7.4469 | 7.4475 | 7.4481 | 7.4488 | 7.4494 |
| Woodie | 7.4373 | 7.4406 | 7.4441 | 7.4474 | 7.4509 | 7.4542 | 7.4577 |
| Fibonacci | 7.4406 | 7.4432 | 7.4448 | 7.4474 | 7.4500 | 7.4516 | 7.4542 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.4409 | 7.4446 | 7.4490 | 7.4527 | 7.4571 | 7.4608 | 7.4652 |
| Camarilla | 7.4511 | 7.4518 | 7.4526 | 7.4533 | 7.4540 | 7.4548 | 7.4555 |
| Woodie | 7.4412 | 7.4448 | 7.4493 | 7.4529 | 7.4574 | 7.4610 | 7.4655 |
| Fibonacci | 7.4446 | 7.4477 | 7.4496 | 7.4527 | 7.4558 | 7.4577 | 7.4608 |
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): | 52.99 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | 6.4280 | |
| AROON (14): | 7.1429 | |
| DEMA (21): | 7.4477 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.4470 | |
| Elder Ray (13): | -0.0001 | |
| Super Trend (3,10): | 7.4485 | |
| Zig ZAG (10): | 7.4480 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 30.95 | |
| TEMA (21): | 7.4477 | |
| Williams %R (14): | -50.00 | |
| Chande Momentum Oscillator (20): | -0.0001 | |
| Repulse (5,40,3): | 0.0060 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0001 | |
| Courbe Coppock: | 0.01 |
| MA7: | 7.4476 | |
| MA20: | 7.4501 | |
| MA50: | 7.4495 | |
| MA100: | 7.4455 | |
| MAexp7: | 7.4477 | |
| MAexp20: | 7.4477 | |
| MAexp50: | 7.4476 | |
| MAexp100: | 7.4476 | |
| Price / MA7: | +0.01% | |
| Price / MA20: | -0.03% | |
| Price / MA50: | -0.02% | |
| Price / MA100: | +0.03% | |
| 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.
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 - 1H