EUR/DKK - 1H - Technical analysis published on 05/16/2024 (GMT)
- 92
- 0
- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Slightly bullish
Technical indicators
17%
33%
50%
My opinion
Neutral between 7.4593 DKK and 7.4617 DKK
My targets
-
My analysis
The short-term decline on EUR/DKK remains moderate but it could call into question the slightly bullish basic trend. It is difficult to advise a trading direction under these conditions. The first support is located at 7.4593 DKK. The first resistance is located at 7.4617 DKK. You could remain on the sidelines waiting for a more pronounced price movement on this instrument. A new analysis could then be carried out to provide clearer signals.
In the very short term, technical indicators are neutral and are not able to influence the opinion of this analysis.
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:
Additional analysis
Quotes
The EUR/DKK rating is 7.4610 DKK. The price has increased by +0.00% since the last closing with the lowest point at 7.4605 DKK and the highest point at 7.4618 DKK. The deviation from the price is +0.01% for the low point and -0.01% for the high point.7.4605
7.4618
7.4610
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
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 HIGH record (1 year)
Type : Bullish
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
A technical analysis in 1H of this EUR/DKK chart shows a slightly bullish trend. Only 53.57% of the signals given by moving averages are bullish. This slightly bullish trend could turn neutral or reverse given the slightly bearish signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, of the 18 technical indicators analysed by Central Analyzer, 3 are bullish, 9 are neutral and 6 are bearish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | R1 | Price | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 7.4582 | 7.4593 | 7.4605 | 7.4610 | 7.4610 | 7.4617 | 7.4622 |
| Change (%) | -0.04% | -0.02% | -0.01% | 0% | - | +0.01% | +0.02% |
| Change | -0.0028 | -0.0017 | -0.0005 | 0 | - | +0.0007 | +0.0012 |
| Level | Minor | Major | Minor | Intermediate | - | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.4593 | 7.4600 | 7.4607 | 7.4614 | 7.4621 | 7.4628 | 7.4635 |
| Camarilla | 7.4609 | 7.4610 | 7.4612 | 7.4613 | 7.4614 | 7.4616 | 7.4617 |
| Woodie | 7.4592 | 7.4600 | 7.4606 | 7.4614 | 7.4620 | 7.4628 | 7.4634 |
| Fibonacci | 7.4600 | 7.4606 | 7.4609 | 7.4614 | 7.4620 | 7.4623 | 7.4628 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.4551 | 7.4564 | 7.4583 | 7.4596 | 7.4615 | 7.4628 | 7.4647 |
| Camarilla | 7.4592 | 7.4595 | 7.4598 | 7.4601 | 7.4604 | 7.4607 | 7.4610 |
| Woodie | 7.4553 | 7.4566 | 7.4585 | 7.4598 | 7.4617 | 7.4630 | 7.4649 |
| Fibonacci | 7.4564 | 7.4577 | 7.4584 | 7.4596 | 7.4609 | 7.4616 | 7.4628 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.4500 | 7.4533 | 7.4559 | 7.4592 | 7.4618 | 7.4651 | 7.4677 |
| Camarilla | 7.4569 | 7.4574 | 7.4580 | 7.4585 | 7.4590 | 7.4596 | 7.4601 |
| Woodie | 7.4497 | 7.4531 | 7.4556 | 7.4590 | 7.4615 | 7.4649 | 7.4674 |
| Fibonacci | 7.4533 | 7.4556 | 7.4570 | 7.4592 | 7.4615 | 7.4629 | 7.4651 |
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): | 49.96 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | 0.9918 | |
| AROON (14): | 7.1429 | |
| DEMA (21): | 7.4610 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.4617 | |
| Elder Ray (13): | 0.0001 | |
| Super Trend (3,10): | 7.4617 | |
| Zig ZAG (10): | 7.4610 | |
| VORTEX (21): | 0.9775 | |
| Stochastique (14,3,5): | 30.77 | |
| TEMA (21): | 7.4609 | |
| Williams %R (14): | -61.54 | |
| Chande Momentum Oscillator (20): | -0.0003 | |
| Repulse (5,40,3): | 0.0000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0001 | |
| Courbe Coppock: | 0.00 |
| MA7: | 7.4604 | |
| MA20: | 7.4594 | |
| MA50: | 7.4588 | |
| MA100: | 7.4573 | |
| MAexp7: | 7.4610 | |
| MAexp20: | 7.4611 | |
| MAexp50: | 7.4611 | |
| MAexp100: | 7.4608 | |
| Price / MA7: | +0.01% | |
| Price / MA20: | +0.02% | |
| Price / MA50: | +0.03% | |
| Price / MA100: | +0.05% | |
| Price / MAexp7: | -0% | |
| 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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