EUR/DKK - 1H - Technical analysis published on 09/20/2023 (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:
Bearish
Underlying:
Strongly bearish
Technical indicators
33%
17%
50%
My opinion
Bearish under 7.4554 DKK
My targets
7.4459 DKK (-0.0073)
7.4386 DKK (-0.0146)
My analysis
The bearish basic trend is very strong on EUR/DKK but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 7.4554 DKK. Crossing the first support at 7.4459 DKK would be a sign of a further potential price plummet. Sellers would then use the next support located at 7.4386 DKK as an objective. Crossing it would then enable sellers to target 7.4329 DKK. Caution, a return to above the resistance located at 7.4554 DKK would be a sign of a possible consolidation phase of the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
4.8
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
EUR/DKK rating 7.4532 DKK. The price registered an increase of +0.00% on the session and was between 7.4522 DKK and 7.4547 DKK. This implies that the price is at +0.01% from its lowest and at -0.02% from its highest.7.4522
7.4547
7.4532
A study of price movements over other periods shows the following variations:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
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 strongly bearish. 85.71% of the signals given by moving averages are bearish. This strongly bearish trend is showing signs of slowing down given the slightly bearish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 6 are bullish, 9 are neutral and 3 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 7.4423 | 7.4459 | 7.4524 | 7.4532 | 7.4534 | 7.4554 | 7.4577 |
| Change (%) | -0.15% | -0.10% | -0.01% | - | +0.00% | +0.03% | +0.06% |
| Change | -0.0109 | -0.0073 | -0.0008 | - | +0.0002 | +0.0022 | +0.0045 |
| Level | Major | Intermediate | Major | - | Intermediate | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 7.4511 | 7.4522 | 7.4529 | 7.4540 | 7.4547 | 7.4558 | 7.4565 |
| Camarilla | 7.4530 | 7.4532 | 7.4533 | 7.4535 | 7.4537 | 7.4538 | 7.4540 |
| Woodie | 7.4508 | 7.4521 | 7.4526 | 7.4539 | 7.4544 | 7.4557 | 7.4562 |
| Fibonacci | 7.4522 | 7.4529 | 7.4534 | 7.4540 | 7.4547 | 7.4552 | 7.4558 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.4432 | 7.4476 | 7.4531 | 7.4575 | 7.4630 | 7.4674 | 7.4729 |
| Camarilla | 7.4558 | 7.4567 | 7.4576 | 7.4585 | 7.4594 | 7.4603 | 7.4612 |
| Woodie | 7.4437 | 7.4479 | 7.4536 | 7.4578 | 7.4635 | 7.4677 | 7.4734 |
| Fibonacci | 7.4476 | 7.4514 | 7.4538 | 7.4575 | 7.4613 | 7.4637 | 7.4674 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 45.60 | |
| MACD (12,26,9): | -0.0002 | |
| Directional Movement: | 11.7270 | |
| AROON (14): | -21.4286 | |
| DEMA (21): | 7.4529 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.4525 | |
| Elder Ray (13): | 0 | |
| Super Trend (3,10): | 7.4542 | |
| Zig ZAG (10): | 7.4531 | |
| VORTEX (21): | 0.9677 | |
| Stochastique (14,3,5): | 41.89 | |
| TEMA (21): | 7.4531 | |
| Williams %R (14): | -62.50 | |
| Chande Momentum Oscillator (20): | 0.0002 | |
| Repulse (5,40,3): | -0.0070 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0005 | |
| Courbe Coppock: | 0.01 |
| MA7: | 7.4569 | |
| MA20: | 7.4555 | |
| MA50: | 7.4532 | |
| MA100: | 7.4510 | |
| MAexp7: | 7.4532 | |
| MAexp20: | 7.4533 | |
| MAexp50: | 7.4539 | |
| MAexp100: | 7.4551 | |
| Price / MA7: | -0.05% | |
| Price / MA20: | -0.03% | |
| Price / MA50: | -0% | |
| Price / MA100: | +0.03% | |
| Price / MAexp7: | -0% | |
| Price / MAexp20: | +0.00% | |
| Price / MAexp50: | -0.01% | |
| Price / MAexp100: | -0.03% |
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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