EUR/DKK
EUR DKK
- DKK (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: EURDKK
ISIN:

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

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. 1H Weekly

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.

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 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:

Central Indicators

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:

Central Indicators

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:

Central Patterns

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


S3S2S1PriceR1R2R3
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
Standard7.44787.44947.45117.45277.45447.45607.4577
Camarilla7.45187.45217.45247.45277.45307.45337.4536
Woodie7.44787.44947.45117.45277.45447.45607.4577
Fibonacci7.44947.45077.45157.45277.45407.45487.4560


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard7.44527.44827.45047.45347.45567.45867.4608
Camarilla7.45137.45187.45227.45277.45327.45377.4541
Woodie7.44497.44807.45017.45327.45537.45847.4605
Fibonacci7.44827.45027.45147.45347.45547.45667.4586


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard7.44407.44717.45027.45337.45647.45957.4626
Camarilla7.45177.45237.45287.45347.45407.45457.4551
Woodie7.44417.44717.45037.45337.45657.45957.4627
Fibonacci7.44717.44947.45097.45337.45567.45717.4595

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.

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