EUR/DKK - 1H - Technical analysis published on 06/27/2023 (GMT)
- 103
- 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:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
56%
22%
My opinion
Bearish under 7.4493 DKK
My targets
7.4447 DKK (-0.0014)
7.4395 DKK (-0.0066)
My analysis
EUR/DKK is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 7.4493 DKK. The next support located at 7.4447 DKK is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 7.4395 DKK. Below this support, sellers could then target 7.4363 DKK. With the current pattern, you will need to monitor for possible bearish 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 bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
6.8
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:
Additional analysis
Quotes
The EUR/DKK rating is 7.4461 DKK. On the day, this instrument lost -0.01% and was traded between 7.4452 DKK and 7.4481 DKK over the period. The price is currently at +0.01% from its lowest and -0.03% from its highest.7.4452
7.4481
7.4461
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
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 sharp bearish trend. 89.29% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 4 are neutral and 10 are bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
CCI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 7.4423 | 7.4447 | 7.4460 | 7.4461 | 7.4475 | 7.4493 | 7.4500 |
| Change (%) | -0.05% | -0.02% | +0.00% | - | +0.02% | +0.04% | +0.05% |
| Change | -0.0038 | -0.0014 | -0.0001 | - | +0.0014 | +0.0032 | +0.0039 |
| Level | Intermediate | Minor | Major | - | Major | Minor | Minor |
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 | 7.4421 | 7.4434 | 7.4452 | 7.4465 | 7.4483 | 7.4496 | 7.4514 |
| Camarilla | 7.4462 | 7.4464 | 7.4467 | 7.4470 | 7.4473 | 7.4476 | 7.4479 |
| Woodie | 7.4424 | 7.4435 | 7.4455 | 7.4466 | 7.4486 | 7.4497 | 7.4517 |
| Fibonacci | 7.4434 | 7.4446 | 7.4453 | 7.4465 | 7.4477 | 7.4484 | 7.4496 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.4381 | 7.4417 | 7.4444 | 7.4480 | 7.4507 | 7.4543 | 7.4570 |
| Camarilla | 7.4453 | 7.4459 | 7.4464 | 7.4470 | 7.4476 | 7.4482 | 7.4487 |
| Woodie | 7.4376 | 7.4415 | 7.4439 | 7.4478 | 7.4502 | 7.4541 | 7.4565 |
| Fibonacci | 7.4417 | 7.4441 | 7.4456 | 7.4480 | 7.4504 | 7.4519 | 7.4543 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.4318 | 7.4378 | 7.4427 | 7.4487 | 7.4536 | 7.4596 | 7.4645 |
| Camarilla | 7.4445 | 7.4455 | 7.4465 | 7.4475 | 7.4485 | 7.4495 | 7.4505 |
| Woodie | 7.4312 | 7.4375 | 7.4421 | 7.4484 | 7.4530 | 7.4593 | 7.4639 |
| Fibonacci | 7.4378 | 7.4420 | 7.4446 | 7.4487 | 7.4529 | 7.4555 | 7.4596 |
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): | 40.93 | |
| MACD (12,26,9): | -0.0003 | |
| Directional Movement: | 3.8655 | |
| AROON (14): | -14.2857 | |
| DEMA (21): | 7.4462 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.4481 | |
| Elder Ray (13): | -0.0008 | |
| Super Trend (3,10): | 7.4477 | |
| Zig ZAG (10): | 7.4456 | |
| VORTEX (21): | 0.8936 | |
| Stochastique (14,3,5): | 9.54 | |
| TEMA (21): | 7.4459 | |
| Williams %R (14): | -79.31 | |
| Chande Momentum Oscillator (20): | -0.0015 | |
| Repulse (5,40,3): | -0.0120 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0001 | |
| Courbe Coppock: | 0.03 |
| MA7: | 7.4478 | |
| MA20: | 7.4493 | |
| MA50: | 7.4496 | |
| MA100: | 7.4483 | |
| MAexp7: | 7.4460 | |
| MAexp20: | 7.4465 | |
| MAexp50: | 7.4467 | |
| MAexp100: | 7.4473 | |
| Price / MA7: | -0.02% | |
| Price / MA20: | -0.04% | |
| Price / MA50: | -0.05% | |
| Price / MA100: | -0.03% | |
| Price / MAexp7: | +0.00% | |
| Price / MAexp20: | -0.01% | |
| Price / MAexp50: | -0.01% | |
| Price / MAexp100: | -0.02% |
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