EUR/DKK
EUR DKK
- DKK (-)
- Real time data - Forex
Open: -
Change: -
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High: -
High / Low range: -
Type: Forex
Ticker: EURDKK
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EUR/DKK - 1H - Technical analysis published on 08/06/2023 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

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Summary of the analysis

Trends
Short term: Bearish
Underlying: Bearish
Technical indicators
33%
28%
39%
My opinion
Bearish under 7.4525 DKK
My targets
7.4500 DKK (-0.0013)
7.4423 DKK (-0.0090)
My analysis
All elements being rather 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 7.4525 DKK. The next bearish objective for sellers is set at 7.4500 DKK. A bearish break of this support would revive the bearish momentum. Sellers could then target the next support located at 7.4423 DKK. If there is any crossing, the next objective would be the support located at 7.4395 DKK. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bearish, basic trend. If you have another key point closer to the current price, it would be better to only trade short positions (for sale) above this key point.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
4.1

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 7.4513 DKK. On the day, this instrument gained +0.00% and was between 7.4512 DKK and 7.4520 DKK. This implies that the price is at +0.00% from its lowest and at -0.01% from its highest.

7.4512
7.4520
7.4513

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

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 this 1H chart of EUR/DKK indicates that the overall trend is bearish. 75.00% of the signals given by moving averages are bearish. This bearish trend is slowing down slightly given the slightly bearish signals given by 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: 6 are bullish, 7 are neutral and 5 are bearish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found this result concerning these indicators:

Central Indicators

MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : 1 hour



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Central Patterns

Near horizontal support

Type : Bullish

Timeframe : 1 hour


Support of channel is broken

Type : Bearish

Timeframe : 1 hour



Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:

Central Candlesticks

Doji

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 7.4460 7.4500 7.4510 7.4513 7.4517 7.4525 7.4539
Change (%) -0.07% -0.02% +0.00% - +0.01% +0.02% +0.03%
Change -0.0053 -0.0013 -0.0003 - +0.0004 +0.0012 +0.0026
Level Intermediate Major Intermediate - 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
Standard7.44767.44887.45027.45147.45287.45407.4554
Camarilla7.45087.45107.45137.45157.45177.45207.4522
Woodie7.44767.44897.45027.45157.45287.45417.4554
Fibonacci7.44887.44987.45047.45147.45247.45307.4540


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard7.44407.44707.44937.45237.45467.45767.4599
Camarilla7.45007.45057.45107.45157.45207.45257.4530
Woodie7.44367.44687.44897.45217.45427.45747.4595
Fibonacci7.44707.44917.45037.45237.45447.45567.4576


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard7.43697.44137.44667.45107.45637.46077.4660
Camarilla7.44927.45017.45107.45197.45287.45377.4546
Woodie7.43747.44157.44717.45127.45687.46097.4665
Fibonacci7.44137.44507.44737.45107.45477.45707.4607

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): 46.88
MACD (12,26,9): 0.0001
Directional Movement: 3.9459
AROON (14): 50.0000
DEMA (21): 7.4517
Parabolic SAR (0,02-0,02-0,2): 7.4512
Elder Ray (13): -0.0001
Super Trend (3,10): 7.4507
Zig ZAG (10): 7.4513
VORTEX (21): 1.0806
Stochastique (14,3,5): 20.97
TEMA (21): 7.4518
Williams %R (14): -93.33
Chande Momentum Oscillator (20): -0.0003
Repulse (5,40,3): -0.0116
ROCnROLL: 2
TRIX (15,9): 0.0003
Courbe Coppock: 0.02
MA7: 7.4517
MA20: 7.4515
MA50: 7.4500
MA100: 7.4500
MAexp7: 7.4516
MAexp20: 7.4516
MAexp50: 7.4515
MAexp100: 7.4516
Price / MA7: -0.01%
Price / MA20: +0.00%
Price / MA50: +0.02%
Price / MA100: +0.02%
Price / MAexp7: +0.00%
Price / MAexp20: +0.00%
Price / MAexp50: +0.00%
Price / MAexp100: +0.00%

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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