EUR/DKK

- DKK (-)

- Real time data - Forex

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Change:	-
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High / Low range:	-

Type:	Forex
Ticker:	EURDKK
ISIN:

EUR/DKK - 1H - Technical analysis published on 07/03/2024 (GMT)

Londinia

I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Bearish

Technical indicators

11%

50%

39%

My opinion

Bearish under 7.4593 DKK

My targets

7.4579 DKK (-0.0005)

7.4572 DKK (-0.0012)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on EUR/DKK as long as the price remains well below 7.4593 DKK. The sellers' bearish objective is set at 7.4579 DKK. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 7.4572 DKK. In case of crossing, the next objective would be the support located at 7.4554 DKK.

Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.

Force

5.4

Comment on the 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

EUR/DKK rating 7.4584 DKK. The price is lower by -0.01% since the last closing and was between 7.4581 DKK and 7.4597 DKK. This implies that the price is at +0.00% from its lowest and at -0.02% from its highest.

7.4581

7.4597

7.4584

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner for higher/lower results shows the following items:

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

Technical analysis of this 1H chart of EUR/DKK indicates that the overall trend is bearish. 71.43% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:

Bearish trend reversal : Moving Average 20

Type : Bearish

Timeframe : 1 hour

Bearish trend reversal : Moving Average 100

Type : Bearish

Timeframe : 1 hour

Bearish trend reversal : adaptative moving average 20

Type : Bearish

Timeframe : 1 hour

Bearish trend reversal : adaptative moving average 50

Type : Bearish

Timeframe : 1 hour

Bearish trend reversal : adaptative moving average 100

Type : Bearish

Timeframe : 1 hour

In fact, according to the parameters integrated into the Central Analyzer system, only 9 technical indicators out of 18 analysed are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

MACD indicator is back under 0

Type : Bearish

Timeframe : 1 hour

Momentum indicator is back over 0

Type : Bullish

Timeframe : 1 hour

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

Resistance of triangle is broken

Type : Bullish

Timeframe : 1 hour

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:

Doji

Type : Neutral

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	7.4575	7.4579	7.4582	7.4584	7.4585	7.4593	7.4599
Change (%)	-0.01%	-0.01%	+0.00%	-	+0.00%	+0.01%	+0.02%
Change	-0.0009	-0.0005	-0.0002	-	+0.0001	+0.0009	+0.0015
Level	Minor	Intermediate	Minor	-	Intermediate	Major	Minor

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	7.4566	7.4573	7.4580	7.4587	7.4594	7.4601	7.4608
Camarilla	7.4584	7.4585	7.4587	7.4588	7.4589	7.4591	7.4592
Woodie	7.4567	7.4573	7.4581	7.4587	7.4595	7.4601	7.4609
Fibonacci	7.4573	7.4578	7.4581	7.4587	7.4592	7.4595	7.4601

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	7.4539	7.4555	7.4567	7.4583	7.4595	7.4611	7.4623
Camarilla	7.4571	7.4574	7.4576	7.4579	7.4582	7.4584	7.4587
Woodie	7.4537	7.4554	7.4565	7.4582	7.4593	7.4610	7.4621
Fibonacci	7.4555	7.4566	7.4572	7.4583	7.4594	7.4600	7.4611

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	7.4514	7.4542	7.4561	7.4589	7.4608	7.4636	7.4655
Camarilla	7.4566	7.4570	7.4575	7.4579	7.4583	7.4588	7.4592
Woodie	7.4509	7.4540	7.4556	7.4587	7.4603	7.4634	7.4650
Fibonacci	7.4542	7.4560	7.4571	7.4589	7.4607	7.4618	7.4636

Numerical data

The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	45.83
MACD (12,26,9):	0.0000
Directional Movement:	0.1884
AROON (14):	-35.7143
DEMA (21):	7.4587
Parabolic SAR (0,02-0,02-0,2):	7.4597
Elder Ray (13):	-0.0004
Super Trend (3,10):	7.4579
Zig ZAG (10):	7.4584
VORTEX (21):	0.9451
Stochastique (14,3,5):	20.54
TEMA (21):	7.4587
Williams %R (14):	-81.25
Chande Momentum Oscillator (20):	0.0001
Repulse (5,40,3):	-0.0054
ROCnROLL:	2
TRIX (15,9):	0.0001
Courbe Coppock:	0.00

MA7:	7.4586
MA20:	7.4592
MA50:	7.4596
MA100:	7.4584
MAexp7:	7.4587
MAexp20:	7.4587
MAexp50:	7.4586
MAexp100:	7.4586
Price / MA7:	+0.00%
Price / MA20:	-0.01%
Price / MA50:	-0.02%
Price / MA100:	-0%
Price / MAexp7:	+0.00%
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.

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Londinia AI

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