EUR/DKK - Daily - Technical analysis published on 07/30/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 7.4460 DKK
My targets
7.4593 DKK (+0.0073)
7.4694 DKK (+0.0174)
My analysis
EUR/DKK is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 7.4460 DKK. The next resistance located at 7.4593 DKK is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 7.4694 DKK. After this resistance, buyers could then target 7.4746 DKK. With the current pattern, you will need to monitor for possible bullish 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 bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
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
8
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
EUR/DKK rating 7.4520 DKK. The price is lower by -0.01% since the last closing and was between 7.4515 DKK and 7.4554 DKK. This implies that the price is at +0.01% from its lowest and at -0.05% from its highest.7.4515
7.4554
7.4520
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by EUR/DKK:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of EUR/DKK in Daily shows a strongly overall bullish trend. The signals given by the moving averages are 89.29% bullish. This strong bullish 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.
In fact, 13 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Ichimoku : price is under the cloud
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Bearish engulfing lines
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 7.4423 | 7.4460 | 7.4509 | 7.4520 | 7.4541 | 7.4593 | 7.4643 |
| Change (%) | -0.13% | -0.08% | -0.01% | - | +0.03% | +0.10% | +0.17% |
| Change | -0.0097 | -0.0060 | -0.0011 | - | +0.0021 | +0.0073 | +0.0123 |
| Level | Minor | Major | Major | - | Major | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.4490 | 7.4502 | 7.4514 | 7.4526 | 7.4538 | 7.4550 | 7.4562 |
| Camarilla | 7.4518 | 7.4521 | 7.4523 | 7.4525 | 7.4527 | 7.4529 | 7.4532 |
| Woodie | 7.4489 | 7.4502 | 7.4513 | 7.4526 | 7.4537 | 7.4550 | 7.4561 |
| Fibonacci | 7.4502 | 7.4512 | 7.4517 | 7.4526 | 7.4536 | 7.4541 | 7.4550 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.4466 | 7.4484 | 7.4504 | 7.4522 | 7.4542 | 7.4560 | 7.4580 |
| Camarilla | 7.4515 | 7.4518 | 7.4522 | 7.4525 | 7.4529 | 7.4532 | 7.4536 |
| Woodie | 7.4468 | 7.4485 | 7.4506 | 7.4523 | 7.4544 | 7.4561 | 7.4582 |
| Fibonacci | 7.4484 | 7.4498 | 7.4507 | 7.4522 | 7.4536 | 7.4545 | 7.4560 |
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): | 55.42 | |
| MACD (12,26,9): | 0.0007 | |
| Directional Movement: | 15.2875 | |
| AROON (14): | 78.5714 | |
| DEMA (21): | 7.4518 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.4491 | |
| Elder Ray (13): | 0.0022 | |
| Super Trend (3,10): | 7.4557 | |
| Zig ZAG (10): | 7.4517 | |
| VORTEX (21): | 1.1101 | |
| Stochastique (14,3,5): | 66.46 | |
| TEMA (21): | 7.4523 | |
| Williams %R (14): | -47.44 | |
| Chande Momentum Oscillator (20): | 0.0000 | |
| Repulse (5,40,3): | -0.0395 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0013 | |
| Courbe Coppock: | 0.03 |
| MA7: | 7.4517 | |
| MA20: | 7.4510 | |
| MA50: | 7.4497 | |
| MA100: | 7.4497 | |
| MAexp7: | 7.4517 | |
| MAexp20: | 7.4509 | |
| MAexp50: | 7.4500 | |
| MAexp100: | 7.4486 | |
| Price / MA7: | +0.00% | |
| Price / MA20: | +0.01% | |
| Price / MA50: | +0.03% | |
| Price / MA100: | +0.03% | |
| Price / MAexp7: | +0.00% | |
| Price / MAexp20: | +0.01% | |
| Price / MAexp50: | +0.03% | |
| Price / MAexp100: | +0.05% |
Quotes :
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Real time data
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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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