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

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 7.4496 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.

Central Gaps

Bearish opening

Type : Bearish

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 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:

Central 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:

Central Candlesticks

Doji

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
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
Standard7.44197.44477.44747.45027.45297.45577.4584
Camarilla7.44857.44907.44957.45007.45057.45107.4515
Woodie7.44187.44477.44737.45027.45287.45577.4583
Fibonacci7.44477.44687.44817.45027.45237.45367.4557


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard7.44097.44437.44717.45057.45337.45677.4595
Camarilla7.44837.44897.44947.45007.45067.45117.4517
Woodie7.44077.44427.44697.45047.45317.45667.4593
Fibonacci7.44437.44667.44817.45057.45287.45437.4567


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard7.42327.43377.43927.44977.45527.46577.4712
Camarilla7.44037.44187.44327.44477.44627.44767.4491
Woodie7.42077.43257.43677.44857.45277.46457.4687
Fibonacci7.43377.43987.44367.44977.45587.45967.4657

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.

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