EUR/DKK - Daily - Technical analysis published on 07/21/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
56%
0%
44%
My opinion
Bullish above 7.4460 DKK
My targets
7.4541 DKK (+0.0033)
7.4643 DKK (+0.0135)
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 7.4460 DKK. The buyers' bullish objective is set at 7.4541 DKK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 7.4643 DKK. If there is any crossing, the next objective would be the resistance located at 7.4694 DKK. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
7.7
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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 7.4508 DKK. On the day, this instrument lost -0.01% and was between 7.4497 DKK and 7.4514 DKK. This implies that the price is at +0.01% from its lowest and at -0.01% from its highest.7.4497
7.4514
7.4508
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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
A technical analysis in Daily of this EUR/DKK chart shows a strongly bullish trend. 89.29% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish 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, according to the parameters integrated into the Central Analyzer system, 10 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
MACD indicator: bearish divergence
Type : Bearish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near resistance of channel
Type : Bearish
Timeframe : Daily
Near resistance of triangle
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 7.4423 | 7.4460 | 7.4500 | 7.4508 | 7.4517 | 7.4541 | 7.4593 |
| Change (%) | -0.11% | -0.06% | -0.01% | - | +0.01% | +0.04% | +0.11% |
| Change | -0.0085 | -0.0048 | -0.0008 | - | +0.0009 | +0.0033 | +0.0085 |
| Level | Minor | Major | Minor | - | Major | Major | 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 | 7.4486 | 7.4493 | 7.4503 | 7.4510 | 7.4520 | 7.4527 | 7.4537 |
| Camarilla | 7.4508 | 7.4510 | 7.4511 | 7.4513 | 7.4515 | 7.4516 | 7.4518 |
| Woodie | 7.4488 | 7.4494 | 7.4505 | 7.4511 | 7.4522 | 7.4528 | 7.4539 |
| Fibonacci | 7.4493 | 7.4500 | 7.4504 | 7.4510 | 7.4517 | 7.4521 | 7.4527 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 54.50 | |
| MACD (12,26,9): | 0.0006 | |
| Directional Movement: | 5.3938 | |
| AROON (14): | 28.5714 | |
| DEMA (21): | 7.4509 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.4476 | |
| Elder Ray (13): | 0.0001 | |
| Super Trend (3,10): | 7.4557 | |
| Zig ZAG (10): | 7.4512 | |
| VORTEX (21): | 1.0211 | |
| Stochastique (14,3,5): | 63.07 | |
| TEMA (21): | 7.4514 | |
| Williams %R (14): | -40.28 | |
| Chande Momentum Oscillator (20): | 0.0029 | |
| Repulse (5,40,3): | 0.0264 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0009 | |
| Courbe Coppock: | 0.10 |
| MA7: | 7.4508 | |
| MA20: | 7.4495 | |
| MA50: | 7.4492 | |
| MA100: | 7.4492 | |
| MAexp7: | 7.4509 | |
| MAexp20: | 7.4502 | |
| MAexp50: | 7.4495 | |
| MAexp100: | 7.4483 | |
| Price / MA7: | -0% | |
| Price / MA20: | +0.02% | |
| Price / MA50: | +0.02% | |
| Price / MA100: | +0.02% | |
| Price / MAexp7: | +0.00% | |
| Price / MAexp20: | +0.01% | |
| Price / MAexp50: | +0.02% | |
| Price / MAexp100: | +0.03% |
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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