EUR/DKK - Daily - Technical analysis published on 09/04/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
39%
11%
50%
My opinion
Bullish above 7.4459 DKK
My targets
7.4593 DKK (+0.0074)
7.4746 DKK (+0.0227)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 7.4459 DKK remains possible. It is advisable to trade EUR/DKK with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 7.4459 DKK. The next bullish objective for buyers is set at 7.4593 DKK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 7.4746 DKK. PS: if there is a bearish break in the support located at 7.4459 DKK we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
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
4.1
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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 7.4519 DKK. On the day, this instrument lost -0.01% and was traded between 7.4460 DKK and 7.4541 DKK over the period. The price is currently at +0.08% from its lowest and -0.03% from its highest.7.4460
7.4541
7.4519
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
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
Technical
Technical analysis of this Daily chart of EUR/DKK indicates that the overall trend is bullish. The signals given by moving averages are 75.00% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : Daily
The probability of a further increase is slight given the direction of the technical indicators.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:
RSI indicator is back under 50
Type : Bearish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near support of channel
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 7.4423 | 7.4459 | 7.4517 | 7.4519 | 7.4554 | 7.4593 | 7.4668 |
| Change (%) | -0.13% | -0.08% | +0.00% | - | +0.05% | +0.10% | +0.20% |
| Change | -0.0096 | -0.0060 | -0.0002 | - | +0.0035 | +0.0074 | +0.0149 |
| Level | Major | 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 | 7.4478 | 7.4494 | 7.4511 | 7.4527 | 7.4544 | 7.4560 | 7.4577 |
| Camarilla | 7.4518 | 7.4521 | 7.4524 | 7.4527 | 7.4530 | 7.4533 | 7.4536 |
| Woodie | 7.4478 | 7.4494 | 7.4511 | 7.4527 | 7.4544 | 7.4560 | 7.4577 |
| Fibonacci | 7.4494 | 7.4507 | 7.4515 | 7.4527 | 7.4540 | 7.4548 | 7.4560 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.4452 | 7.4482 | 7.4504 | 7.4534 | 7.4556 | 7.4586 | 7.4608 |
| Camarilla | 7.4513 | 7.4518 | 7.4522 | 7.4527 | 7.4532 | 7.4537 | 7.4541 |
| Woodie | 7.4449 | 7.4480 | 7.4501 | 7.4532 | 7.4553 | 7.4584 | 7.4605 |
| Fibonacci | 7.4482 | 7.4502 | 7.4514 | 7.4534 | 7.4554 | 7.4566 | 7.4586 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.4440 | 7.4471 | 7.4502 | 7.4533 | 7.4564 | 7.4595 | 7.4626 |
| Camarilla | 7.4517 | 7.4523 | 7.4528 | 7.4534 | 7.4540 | 7.4545 | 7.4551 |
| Woodie | 7.4441 | 7.4471 | 7.4503 | 7.4533 | 7.4565 | 7.4595 | 7.4627 |
| Fibonacci | 7.4471 | 7.4494 | 7.4509 | 7.4533 | 7.4556 | 7.4571 | 7.4595 |
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): | 47.43 | |
| MACD (12,26,9): | 0.0004 | |
| Directional Movement: | -7.5615 | |
| AROON (14): | -35.7142 | |
| DEMA (21): | 7.4530 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.4558 | |
| Elder Ray (13): | -0.0002 | |
| Super Trend (3,10): | 7.4557 | |
| Zig ZAG (10): | 7.4518 | |
| VORTEX (21): | 1.0169 | |
| Stochastique (14,3,5): | 53.38 | |
| TEMA (21): | 7.4529 | |
| Williams %R (14): | -43.69 | |
| Chande Momentum Oscillator (20): | 0.0001 | |
| Repulse (5,40,3): | 0.0509 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0010 | |
| Courbe Coppock: | 0.03 |
| MA7: | 7.4527 | |
| MA20: | 7.4524 | |
| MA50: | 7.4513 | |
| MA100: | 7.4505 | |
| MAexp7: | 7.4526 | |
| MAexp20: | 7.4524 | |
| MAexp50: | 7.4515 | |
| MAexp100: | 7.4501 | |
| Price / MA7: | -0.01% | |
| Price / MA20: | -0.01% | |
| Price / MA50: | +0.01% | |
| Price / MA100: | +0.02% | |
| Price / MAexp7: | -0.01% | |
| Price / MAexp20: | -0.01% | |
| Price / MAexp50: | +0.01% | |
| Price / MAexp100: | +0.02% |
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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