JPY/DKK - 1H - Technical analysis published on 03/16/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
39%
22%
39%
My opinion
Bullish above 0.05266 DKK
My targets
0.05308 DKK (+0.00015)
0.05337 DKK (+0.00044)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on JPY/DKK as long as the price remains well above 0.05266 DKK. The buyers' bullish objective is set at 0.05308 DKK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.05337 DKK. If there is any crossing, the next objective would be the resistance located at 0.05374 DKK. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
5.9
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Additional analysis
Quotes
The JPY/DKK rating is 0.05293 DKK. The price is lower by -0.02% since the last closing with the lowest point at 0.05259 DKK and the highest point at 0.05310 DKK. The deviation from the price is +0.65% for the low point and -0.32% for the high point.0.05259
0.05310
0.05293
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 LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of JPY/DKK indicates that the overall trend is strongly bullish. 89.29% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 0.05182 | 0.05218 | 0.05266 | 0.05293 | 0.05308 | 0.05337 | 0.05374 |
| Change (%) | -2.10% | -1.42% | -0.51% | - | +0.28% | +0.83% | +1.53% |
| Change | -0.00111 | -0.00075 | -0.00027 | - | +0.00015 | +0.00044 | +0.00081 |
| Level | Minor | Major | Minor | - | Minor | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.04973 | 0.05055 | 0.05174 | 0.05256 | 0.05375 | 0.05457 | 0.05576 |
| Camarilla | 0.05239 | 0.05257 | 0.05276 | 0.05294 | 0.05312 | 0.05331 | 0.05349 |
| Woodie | 0.04993 | 0.05064 | 0.05194 | 0.05265 | 0.05395 | 0.05466 | 0.05596 |
| Fibonacci | 0.05055 | 0.05131 | 0.05179 | 0.05256 | 0.05332 | 0.05380 | 0.05457 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.05060 | 0.05088 | 0.05135 | 0.05163 | 0.05210 | 0.05238 | 0.05285 |
| Camarilla | 0.05160 | 0.05167 | 0.05174 | 0.05181 | 0.05188 | 0.05195 | 0.05202 |
| Woodie | 0.05069 | 0.05093 | 0.05144 | 0.05168 | 0.05219 | 0.05243 | 0.05294 |
| Fibonacci | 0.05088 | 0.05117 | 0.05135 | 0.05163 | 0.05192 | 0.05210 | 0.05238 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.04855 | 0.04986 | 0.05073 | 0.05204 | 0.05291 | 0.05422 | 0.05509 |
| Camarilla | 0.05101 | 0.05121 | 0.05141 | 0.05161 | 0.05181 | 0.05201 | 0.05221 |
| Woodie | 0.04834 | 0.04975 | 0.05052 | 0.05193 | 0.05270 | 0.05411 | 0.05488 |
| Fibonacci | 0.04986 | 0.05069 | 0.05120 | 0.05204 | 0.05287 | 0.05338 | 0.05422 |
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): | 58.15 | |
| MACD (12,26,9): | 0.0001 | |
| Directional Movement: | 4.03537 | |
| AROON (14): | -57.14286 | |
| DEMA (21): | 0.05295 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.05304 | |
| Elder Ray (13): | 0.00004 | |
| Super Trend (3,10): | 0.05249 | |
| Zig ZAG (10): | 0.05287 | |
| VORTEX (21): | 0.9632 | |
| Stochastique (14,3,5): | 45.10 | |
| TEMA (21): | 0.05290 | |
| Williams %R (14): | -43.14 | |
| Chande Momentum Oscillator (20): | -0.00006 | |
| Repulse (5,40,3): | 0.1449 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0500 | |
| Courbe Coppock: | 0.20 |
| MA7: | 0.05206 | |
| MA20: | 0.05178 | |
| MA50: | 0.05237 | |
| MA100: | 0.05208 | |
| MAexp7: | 0.05282 | |
| MAexp20: | 0.05275 | |
| MAexp50: | 0.05246 | |
| MAexp100: | 0.05219 | |
| Price / MA7: | +1.67% | |
| Price / MA20: | +2.22% | |
| Price / MA50: | +1.07% | |
| Price / MA100: | +1.63% | |
| Price / MAexp7: | +0.21% | |
| Price / MAexp20: | +0.34% | |
| Price / MAexp50: | +0.90% | |
| Price / MAexp100: | +1.42% |
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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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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