EUR/DKK - 1H - Technical analysis published on 09/23/2024 (GMT)
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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:
Neutral
Underlying:
Bearish
Technical indicators
44%
17%
39%
My opinion
Bearish under 7.4602 DKK
My targets
7.4554 DKK (-0.0033)
7.4459 DKK (-0.0128)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on EUR/DKK. As long as you are under the resistance located at 7.4602 DKK, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 7.4554 DKK would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 7.4459 DKK as an objective. Crossing it would then enable sellers to target 7.4423 DKK. If the resistance 7.4602 DKK were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
3
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EUR/DKK price is 7.4587 DKK. The price has increased by +0.00% since the last closing with the lowest point at 7.4570 DKK and the highest point at 7.4599 DKK. The deviation from the price is +0.02% for the low point and -0.02% for the high point.7.4570
7.4599
7.4587
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
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
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this EUR/DKK chart shows a bearish trend. 75.00% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, only 8 technical indicators out of 18 analysed are currently bullish. The Central Indicators scanner found this result concerning these indicators:
RSI indicator is back under 50
Type : Bearish
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
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 | 7.4537 | 7.4554 | 7.4584 | 7.4587 | 7.4593 | 7.4602 | 7.4608 |
| Change (%) | -0.07% | -0.04% | +0.00% | - | +0.01% | +0.02% | +0.03% |
| Change | -0.0050 | -0.0033 | -0.0003 | - | +0.0006 | +0.0015 | +0.0021 |
| Level | Major | Major | Intermediate | - | Major | Minor | 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 | 7.4560 | 7.4571 | 7.4580 | 7.4591 | 7.4600 | 7.4611 | 7.4620 |
| Camarilla | 7.4584 | 7.4585 | 7.4587 | 7.4589 | 7.4591 | 7.4593 | 7.4595 |
| Woodie | 7.4559 | 7.4571 | 7.4579 | 7.4591 | 7.4599 | 7.4611 | 7.4619 |
| Fibonacci | 7.4571 | 7.4579 | 7.4583 | 7.4591 | 7.4599 | 7.4603 | 7.4611 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.4525 | 7.4554 | 7.4571 | 7.4600 | 7.4617 | 7.4646 | 7.4663 |
| Camarilla | 7.4576 | 7.4581 | 7.4585 | 7.4589 | 7.4593 | 7.4597 | 7.4602 |
| Woodie | 7.4520 | 7.4551 | 7.4566 | 7.4597 | 7.4612 | 7.4643 | 7.4658 |
| Fibonacci | 7.4554 | 7.4571 | 7.4582 | 7.4600 | 7.4617 | 7.4628 | 7.4646 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.4333 | 7.4458 | 7.4523 | 7.4648 | 7.4713 | 7.4838 | 7.4903 |
| Camarilla | 7.4537 | 7.4554 | 7.4572 | 7.4589 | 7.4606 | 7.4624 | 7.4641 |
| Woodie | 7.4304 | 7.4443 | 7.4494 | 7.4633 | 7.4684 | 7.4823 | 7.4874 |
| Fibonacci | 7.4458 | 7.4530 | 7.4575 | 7.4648 | 7.4720 | 7.4765 | 7.4838 |
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): | 50.44 | |
| MACD (12,26,9): | -0.0001 | |
| Directional Movement: | -5.5688 | |
| AROON (14): | -57.1429 | |
| DEMA (21): | 7.4585 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.4571 | |
| Elder Ray (13): | 0.0002 | |
| Super Trend (3,10): | 7.4591 | |
| Zig ZAG (10): | 7.4588 | |
| VORTEX (21): | 0.9748 | |
| Stochastique (14,3,5): | 68.69 | |
| TEMA (21): | 7.4585 | |
| Williams %R (14): | -26.09 | |
| Chande Momentum Oscillator (20): | -0.0001 | |
| Repulse (5,40,3): | -0.0012 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0004 | |
| Courbe Coppock: | 0.02 |
| MA7: | 7.4604 | |
| MA20: | 7.4605 | |
| MA50: | 7.4613 | |
| MA100: | 7.4605 | |
| MAexp7: | 7.4586 | |
| MAexp20: | 7.4587 | |
| MAexp50: | 7.4591 | |
| MAexp100: | 7.4597 | |
| Price / MA7: | -0.02% | |
| Price / MA20: | -0.02% | |
| Price / MA50: | -0.03% | |
| Price / MA100: | -0.02% | |
| Price / MAexp7: | +0.00% | |
| Price / MAexp20: | -0% | |
| Price / MAexp50: | -0.01% | |
| Price / MAexp100: | -0.01% |
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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