EUR/DKK - 1H - Technical analysis published on 07/16/2023 (GMT)
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- 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
39%
33%
28%
My opinion
Bearish under 7.4517 DKK
My targets
7.4481 DKK (-0.0015)
7.4423 DKK (-0.0073)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on EUR/DKK as long as the price remains well below 7.4517 DKK. The sellers' bearish objective is set at 7.4481 DKK. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 7.4423 DKK. In case of crossing, the next objective would be the support located at 7.4395 DKK. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
5.9
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Additional analysis
Quotes
The EUR/DKK price is 7.4496 DKK. On the day, this instrument lost -0.01% and was traded between 7.4477 DKK and 7.4501 DKK over the period. The price is currently at +0.03% from its lowest and -0.01% from its highest.7.4477
7.4501
7.4496
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 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 EUR/DKK in 1H shows a overall strongly bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
On the 18 technical indicators analysed, 7 are bullish, 5 are neutral and 6 are bearish. The Central Indicators scanner found this result concerning these indicators:
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 7.4460 | 7.4481 | 7.4492 | 7.4496 | 7.4505 | 7.4517 | 7.4531 |
| Change (%) | -0.05% | -0.02% | -0.01% | - | +0.01% | +0.03% | +0.05% |
| Change | -0.0036 | -0.0015 | -0.0004 | - | +0.0009 | +0.0021 | +0.0035 |
| Level | Major | Major | Minor | - | Minor | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.4419 | 7.4447 | 7.4474 | 7.4502 | 7.4529 | 7.4557 | 7.4584 |
| Camarilla | 7.4485 | 7.4490 | 7.4495 | 7.4500 | 7.4505 | 7.4510 | 7.4515 |
| Woodie | 7.4418 | 7.4447 | 7.4473 | 7.4502 | 7.4528 | 7.4557 | 7.4583 |
| Fibonacci | 7.4447 | 7.4468 | 7.4481 | 7.4502 | 7.4523 | 7.4536 | 7.4557 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.4409 | 7.4443 | 7.4471 | 7.4505 | 7.4533 | 7.4567 | 7.4595 |
| Camarilla | 7.4483 | 7.4489 | 7.4494 | 7.4500 | 7.4506 | 7.4511 | 7.4517 |
| Woodie | 7.4407 | 7.4442 | 7.4469 | 7.4504 | 7.4531 | 7.4566 | 7.4593 |
| Fibonacci | 7.4443 | 7.4466 | 7.4481 | 7.4505 | 7.4528 | 7.4543 | 7.4567 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.4232 | 7.4337 | 7.4392 | 7.4497 | 7.4552 | 7.4657 | 7.4712 |
| Camarilla | 7.4403 | 7.4418 | 7.4432 | 7.4447 | 7.4462 | 7.4476 | 7.4491 |
| Woodie | 7.4207 | 7.4325 | 7.4367 | 7.4485 | 7.4527 | 7.4645 | 7.4687 |
| Fibonacci | 7.4337 | 7.4398 | 7.4436 | 7.4497 | 7.4558 | 7.4596 | 7.4657 |
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): | 41.72 | |
| MACD (12,26,9): | -0.0005 | |
| Directional Movement: | -25.8191 | |
| AROON (14): | -21.4286 | |
| DEMA (21): | 7.4497 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.4504 | |
| Elder Ray (13): | -0.0003 | |
| Super Trend (3,10): | 7.4483 | |
| Zig ZAG (10): | 7.4499 | |
| VORTEX (21): | 0.8441 | |
| Stochastique (14,3,5): | 57.72 | |
| TEMA (21): | 7.4495 | |
| Williams %R (14): | -44.74 | |
| Chande Momentum Oscillator (20): | 0.0006 | |
| Repulse (5,40,3): | 0.0158 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0011 | |
| Courbe Coppock: | 0.04 |
| MA7: | 7.4514 | |
| MA20: | 7.4489 | |
| MA50: | 7.4489 | |
| MA100: | 7.4488 | |
| MAexp7: | 7.4499 | |
| MAexp20: | 7.4503 | |
| MAexp50: | 7.4511 | |
| MAexp100: | 7.4513 | |
| Price / MA7: | -0.02% | |
| Price / MA20: | +0.01% | |
| Price / MA50: | +0.01% | |
| Price / MA100: | +0.01% | |
| Price / MAexp7: | +0.00% | |
| Price / MAexp20: | -0.01% | |
| Price / MAexp50: | -0.02% | |
| 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
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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…
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