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

EUR/DKK - 1H - Technical analysis published on 09/20/2023 (GMT)

  • 113
  • 0
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
Click here for a new analysis!
  • Timeframe : 1H
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

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

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 7.4532 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:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

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:

Central Indicators

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:

Central Indicators

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


S3S2S1PriceR1R2R3
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
Standard7.45117.45227.45297.45407.45477.45587.4565
Camarilla7.45307.45327.45337.45357.45377.45387.4540
Woodie7.45087.45217.45267.45397.45447.45577.4562
Fibonacci7.45227.45297.45347.45407.45477.45527.4558


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard7.44327.44767.45317.45757.46307.46747.4729
Camarilla7.45587.45677.45767.45857.45947.46037.4612
Woodie7.44377.44797.45367.45787.46357.46777.4734
Fibonacci7.44767.45147.45387.45757.46137.46377.4674


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 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.

About author

Online

Overall rating :
15072
Number of analyses :
Followers :
0
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…

Add a comment

no pic

Comments

0 comments on the analysis EUR/DKK - 1H