EUR/DKK
EUR DKK
- DKK (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
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High: -
High / Low range: -
Type: Forex
Ticker: EURDKK
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EUR/DKK - 1H - Technical analysis published on 08/11/2023 (GMT)

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

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Summary of the analysis

Trends
Short term: Bullish
Underlying: Slightly bullish
Technical indicators
50%
17%
33%
My opinion
Bullish above 7.4503 DKK
My targets
7.4534 DKK (+0.0020)
7.4593 DKK (+0.0079)
My analysis
The basic trend is currently slightly bullish on EUR/DKK and the short term does not seem to show any sign of improvement. Buyers are struggling to get their hands on this instrument. However, as long as the price remains above 7.4503 DKK, purchases could be favourable. The first bullish objective would be the resistance located at 7.4534 DKK. Then the price could move towards 7.4593 DKK. Then 7.4668 DKK by extension. A return under the support to 7.4503 DKK could jeopardize this fragile bullish trend. Indecision would then be total and in this case you could keep away.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
4.3

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

EUR/DKK rating 7.4514 DKK. The price registered an increase of +0.00% on the session and was between 7.4513 DKK and 7.4515 DKK. This implies that the price is at +0.00% from its lowest and at +0.00% from its highest.

7.4513
7.4515
7.4514

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



The Central Volumes scanner notes the presence of abnormal volumes:

Central Volumes

Abnormal volumes

Timeframe : 5 days

Technical


A technical analysis in 1H of this EUR/DKK chart shows a slightly bullish trend. 60.71% of the signals given by moving averages are bullish. The slightly bullish signals given by short-term moving averages do not show a strengthening of this global trend. An assessment of moving averages reveals several bullish signals that could impact this trend:

Central Indicators

Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : 1 hour



An assessment of technical indicators shows a slightly bullish signal.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour


MACD crosses UP its Moving Average

Type : Bullish

Timeframe : 1 hour



An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Central Patterns

Horizontal support is broken

Type : Bearish

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 7.4503 7.4509 7.4514 7.4521 7.4534 7.4554
Change (%) -0.07% -0.01% -0.01% - +0.01% +0.03% +0.05%
Change -0.0054 -0.0011 -0.0005 - +0.0007 +0.0020 +0.0040
Level Intermediate Intermediate Major - Major Minor Major



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard7.44827.44927.45047.45147.45267.45367.4548
Camarilla7.45097.45117.45137.45157.45177.45197.4521
Woodie7.44827.44937.45047.45157.45267.45377.4548
Fibonacci7.44927.45017.45067.45147.45237.45287.4536


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 the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators
Moving averages

RSI (14): 54.47
MACD (12,26,9): 0.0000
Directional Movement: 15.7798
AROON (14): -64.2857
DEMA (21): 7.4511
Parabolic SAR (0,02-0,02-0,2): 7.4518
Elder Ray (13): 0.0004
Super Trend (3,10): 7.4503
Zig ZAG (10): 7.4514
VORTEX (21): 1.0476
Stochastique (14,3,5): 43.43
TEMA (21): 7.4511
Williams %R (14): -33.33
Chande Momentum Oscillator (20): 0.0003
Repulse (5,40,3): 0.0096
ROCnROLL: 1
TRIX (15,9): -0.0001
Courbe Coppock: 0.01
MA7: 7.4514
MA20: 7.4513
MA50: 7.4502
MA100: 7.4501
MAexp7: 7.4511
MAexp20: 7.4511
MAexp50: 7.4511
MAexp100: 7.4512
Price / MA7: -0%
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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