GBP/DKK - Daily - Technical analysis published on 08/04/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : NEUTRAL
Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Slightly bearish
Technical indicators
67%
0%
33%
My opinion
Neutral between 8.1561 DKK and 8.4471 DKK
My targets
-
My analysis
The short-term increase on GBP/DKK remains moderate but could challenge the slightly bearish basic trend. It is difficult to advise a trading direction under these conditions. The first resistance is located at 8.4471 DKK. The first support is located at 8.1561 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 bullish and could soon allow change to a bullish sentiment.
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GBP/DKK rating is 8.2721 DKK. On the day, this instrument lost -0.11% and was traded between 8.2355 DKK and 8.2819 DKK over the period. The price is currently at +0.44% from its lowest and -0.12% from its highest.8.2355
8.2819
8.2721
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
Here is a more detailed summary of the historical variations registered by GBP/DKK:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of GBP/DKK indicates that the overall trend is slightly bearish. 60.71% of the signals given by moving averages are bearish. Caution: the slightly bullish signals currently being given by short-term moving averages indicate that this overall trend could be reversed. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further increase are moderate given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Aroon indicator bullish trend
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near resistance of channel
Type : Bearish
Timeframe : Daily
Near resistance of triangle
Type : Bearish
Timeframe : Daily
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Three white soldiers
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 8.0323 | 8.1561 | 8.2413 | 8.2721 | 8.4471 | 8.6234 | 8.7801 |
Change (%) | -2.90% | -1.40% | -0.37% | - | +2.12% | +4.25% | +6.14% |
Change | -0.2398 | -0.1160 | -0.0308 | - | +0.1750 | +0.3513 | +0.5080 |
Level | Minor | Major | Major | - | Minor | Major | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 8.2311 | 8.2455 | 8.2634 | 8.2778 | 8.2957 | 8.3101 | 8.3280 |
Camarilla | 8.2725 | 8.2755 | 8.2784 | 8.2814 | 8.2844 | 8.2873 | 8.2903 |
Woodie | 8.2330 | 8.2464 | 8.2653 | 8.2787 | 8.2976 | 8.3110 | 8.3299 |
Fibonacci | 8.2455 | 8.2578 | 8.2654 | 8.2778 | 8.2901 | 8.2977 | 8.3101 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 8.0251 | 8.0810 | 8.1775 | 8.2334 | 8.3299 | 8.3858 | 8.4823 |
Camarilla | 8.2322 | 8.2462 | 8.2601 | 8.2741 | 8.2881 | 8.3020 | 8.3160 |
Woodie | 8.0455 | 8.0912 | 8.1979 | 8.2436 | 8.3503 | 8.3960 | 8.5027 |
Fibonacci | 8.0810 | 8.1392 | 8.1752 | 8.2334 | 8.2916 | 8.3276 | 8.3858 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 7.9673 | 8.0520 | 8.1631 | 8.2478 | 8.3589 | 8.4436 | 8.5547 |
Camarilla | 8.2203 | 8.2382 | 8.2562 | 8.2741 | 8.2921 | 8.3100 | 8.3279 |
Woodie | 7.9804 | 8.0586 | 8.1762 | 8.2544 | 8.3720 | 8.4502 | 8.5678 |
Fibonacci | 8.0520 | 8.1268 | 8.1730 | 8.2478 | 8.3226 | 8.3688 | 8.4436 |
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): | 54.27 | |
MACD (12,26,9): | -0.0059 | |
Directional Movement: | -3.2923 | |
AROON (14): | 35.7142 | |
DEMA (21): | 8.2183 | |
Parabolic SAR (0,02-0,02-0,2): | 8.1540 | |
Elder Ray (13): | 0.0272 | |
Super Trend (3,10): | 8.3270 | |
Zig ZAG (10): | 8.2690 | |
VORTEX (21): | 1.0149 | |
Stochastique (14,3,5): | 89.49 | |
TEMA (21): | 8.2375 | |
Williams %R (14): | -14.94 | |
Chande Momentum Oscillator (20): | 0.0813 | |
Repulse (5,40,3): | 0.5714 | |
ROCnROLL: | -1 | |
TRIX (15,9): | -0.0330 | |
Courbe Coppock: | 0.21 |
MA7: | 8.2295 | |
MA20: | 8.2276 | |
MA50: | 8.2646 | |
MA100: | 8.3428 | |
MAexp7: | 8.2432 | |
MAexp20: | 8.2327 | |
MAexp50: | 8.2747 | |
MAexp100: | 8.3526 | |
Price / MA7: | +0.52% | |
Price / MA20: | +0.54% | |
Price / MA50: | +0.09% | |
Price / MA100: | -0.85% | |
Price / MAexp7: | +0.35% | |
Price / MAexp20: | +0.48% | |
Price / MAexp50: | -0.03% | |
Price / MAexp100: | -0.96% |
Quotes :
2020-08-04 16:09:51
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Real time data
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Forex
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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