GBP/DKK - 1H - Technical analysis published on 11/15/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Slightly bullish
Technical indicators
17%
56%
28%
My opinion
Bearish under 8.7312 DKK
My targets
8.7038 DKK (-0.21%)
8.6903 DKK (-0.37%)
My analysis
The current short-term bearish trend is expected to quickly reset the neutral or bearish trend. To avoid contradicting the short term, it would be possible to favour short positions (for sale) for GBP/DKK as long as the price remains well below 8.7312 DKK. The next bearish objective for sellers is set at 8.7038 DKK. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 8.6903 DKK. In case of crossing, the next objective would be the support located at 8.6587 DKK. As the basic trend is not clearly displayed, attention should be paid to the price response to the support located at 8.7038 DKK. With this support, against the trend traders who want to buy GBP/DKK on a buy signal from their trading strategy should not hesitate to act.
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
0
10
1.6
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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 price is 8.7224 DKK. The price registered a decrease of -0.14% on the session and was between 8.7194 DKK and 8.7379 DKK. This implies that the price is at +0.03% from its lowest and at -0.18% from its highest.8.7194
8.7379
8.7224
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
Here is a more detailed summary of the historical variations registered by GBP/DKK:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of GBP/DKK in 1H shows an overall slightly bullish trend. 57.14% of the signals given by moving averages are bullish. Caution: the strong bearish signals currently given by short-term moving averages indicate that a trend reversal may be taking place. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:
Bearish trend reversal : adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, 10 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
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 8.6587 | 8.6903 | 8.7038 | 8.7224 | 8.7312 | 8.7928 | 9.1994 |
| Change (%) | -0.73% | -0.37% | -0.21% | - | +0.10% | +0.81% | +5.47% |
| Change | -0.0637 | -0.0321 | -0.0186 | - | +0.0088 | +0.0704 | +0.4770 |
| Level | Minor | Intermediate | Minor | - | Major | 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 | 8.6756 | 8.6914 | 8.7131 | 8.7289 | 8.7506 | 8.7664 | 8.7881 |
| Camarilla | 8.7246 | 8.7280 | 8.7315 | 8.7349 | 8.7383 | 8.7418 | 8.7452 |
| Woodie | 8.6787 | 8.6929 | 8.7162 | 8.7304 | 8.7537 | 8.7679 | 8.7912 |
| Fibonacci | 8.6914 | 8.7057 | 8.7145 | 8.7289 | 8.7432 | 8.7520 | 8.7664 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.5539 | 8.5922 | 8.6273 | 8.6656 | 8.7007 | 8.7390 | 8.7741 |
| Camarilla | 8.6422 | 8.6489 | 8.6557 | 8.6624 | 8.6691 | 8.6759 | 8.6826 |
| Woodie | 8.5523 | 8.5914 | 8.6257 | 8.6648 | 8.6991 | 8.7382 | 8.7725 |
| Fibonacci | 8.5922 | 8.6202 | 8.6376 | 8.6656 | 8.6936 | 8.7110 | 8.7390 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.9615 | 8.1210 | 8.3927 | 8.5522 | 8.8239 | 8.9834 | 9.2551 |
| Camarilla | 8.5458 | 8.5854 | 8.6249 | 8.6644 | 8.7039 | 8.7435 | 8.7830 |
| Woodie | 8.0176 | 8.1491 | 8.4488 | 8.5803 | 8.8800 | 9.0115 | 9.3112 |
| Fibonacci | 8.1210 | 8.2857 | 8.3875 | 8.5522 | 8.7169 | 8.8187 | 8.9834 |
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): | 39.42 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | -0.9711 | |
| AROON (14): | -14.2857 | |
| DEMA (21): | 8.7292 | |
| Parabolic SAR (0,02-0,02-0,2): | 8.7421 | |
| Elder Ray (13): | -0.0054 | |
| Super Trend (3,10): | 8.7149 | |
| Zig ZAG (10): | 8.7221 | |
| VORTEX (21): | 1.0228 | |
| Stochastique (14,3,5): | 20.50 | |
| TEMA (21): | 8.7273 | |
| Williams %R (14): | -85.64 | |
| Chande Momentum Oscillator (20): | -0.0128 | |
| Repulse (5,40,3): | -0.0737 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0027 | |
| Courbe Coppock: | 0.10 |
| MA7: | 8.7055 | |
| MA20: | 8.6759 | |
| MA50: | 8.5359 | |
| MA100: | 8.3828 | |
| MAexp7: | 8.7281 | |
| MAexp20: | 8.7284 | |
| MAexp50: | 8.7246 | |
| MAexp100: | 8.7155 | |
| Price / MA7: | +0.19% | |
| Price / MA20: | +0.54% | |
| Price / MA50: | +2.18% | |
| Price / MA100: | +4.05% | |
| Price / MAexp7: | -0.07% | |
| Price / MAexp20: | -0.07% | |
| Price / MAexp50: | -0.03% | |
| Price / MAexp100: | +0.08% |
This member declared not having a position on this financial instrument or a related financial instrument.
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