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 05/18/2023 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

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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:
15 min. Daily Weekly

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.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by EUR/DKK:
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 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:

Central Indicators

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:

Central Indicators

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:

Central Patterns

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


S3S2S1PriceR1R2R3
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
Standard7.44367.44497.44677.44807.44987.45117.4529
Camarilla7.44767.44787.44817.44847.44877.44907.4493
Woodie7.44387.44507.44697.44817.45007.45127.4531
Fibonacci7.44497.44617.44697.44807.44927.45007.4511


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard7.43727.44067.44407.44747.45087.45427.4576
Camarilla7.44567.44637.44697.44757.44817.44887.4494
Woodie7.43737.44067.44417.44747.45097.45427.4577
Fibonacci7.44067.44327.44487.44747.45007.45167.4542


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): 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.

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