EUR/DKK - 1H - Technical analysis published on 08/11/2023 (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:
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
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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:
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:
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:
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:
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:
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:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| 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 |
|---|---|---|---|---|---|---|---|
| Standard | 7.4482 | 7.4492 | 7.4504 | 7.4514 | 7.4526 | 7.4536 | 7.4548 |
| Camarilla | 7.4509 | 7.4511 | 7.4513 | 7.4515 | 7.4517 | 7.4519 | 7.4521 |
| Woodie | 7.4482 | 7.4493 | 7.4504 | 7.4515 | 7.4526 | 7.4537 | 7.4548 |
| Fibonacci | 7.4492 | 7.4501 | 7.4506 | 7.4514 | 7.4523 | 7.4528 | 7.4536 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.4440 | 7.4470 | 7.4493 | 7.4523 | 7.4546 | 7.4576 | 7.4599 |
| Camarilla | 7.4500 | 7.4505 | 7.4510 | 7.4515 | 7.4520 | 7.4525 | 7.4530 |
| Woodie | 7.4436 | 7.4468 | 7.4489 | 7.4521 | 7.4542 | 7.4574 | 7.4595 |
| Fibonacci | 7.4470 | 7.4491 | 7.4503 | 7.4523 | 7.4544 | 7.4556 | 7.4576 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.4369 | 7.4413 | 7.4466 | 7.4510 | 7.4563 | 7.4607 | 7.4660 |
| Camarilla | 7.4492 | 7.4501 | 7.4510 | 7.4519 | 7.4528 | 7.4537 | 7.4546 |
| Woodie | 7.4374 | 7.4415 | 7.4471 | 7.4512 | 7.4568 | 7.4609 | 7.4665 |
| Fibonacci | 7.4413 | 7.4450 | 7.4473 | 7.4510 | 7.4547 | 7.4570 | 7.4607 |
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.
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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