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

GBP/DKK - Daily - Technical analysis published on 08/04/2020 (GMT)

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  • Timeframe : Daily
  • - Analysis generated on
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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.

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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

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.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by GBP/DKK:
The study of the highest / lowest by the Central Records scanner shows the following result:

Central Records

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:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

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:

Central Patterns

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:

Central Candlesticks

Three white soldiers

Type : Bullish

Timeframe : Daily




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
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
Standard8.23118.24558.26348.27788.29578.31018.3280
Camarilla8.27258.27558.27848.28148.28448.28738.2903
Woodie8.23308.24648.26538.27878.29768.31108.3299
Fibonacci8.24558.25788.26548.27788.29018.29778.3101


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard8.02518.08108.17758.23348.32998.38588.4823
Camarilla8.23228.24628.26018.27418.28818.30208.3160
Woodie8.04558.09128.19798.24368.35038.39608.5027
Fibonacci8.08108.13928.17528.23348.29168.32768.3858


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard7.96738.05208.16318.24788.35898.44368.5547
Camarilla8.22038.23828.25628.27418.29218.31008.3279
Woodie7.98048.05868.17628.25448.37208.45028.5678
Fibonacci8.05208.12688.17308.24788.32268.36888.4436

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 - Real time data - Forex

This member declared not having a position on this financial instrument or a related financial instrument.

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