JPY/DKK

- DKK (-)

- Real time data - Forex

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Change:	-
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Type:	Forex
Ticker:	JPYDKK
ISIN:

JPY/DKK - Daily - Technical analysis published on 06/09/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

39%

22%

39%

My opinion

Bearish under 0.05075 DKK

My targets

0.04940 DKK (-0.00035)

0.04736 DKK (-0.00239)

My analysis

The bearish trend is currently very strong for JPY/DKK. As long as the price remains below the resistance at 0.05075 DKK, you could try to take advantage of the bearish rally. The first bearish objective is located at 0.04940 DKK. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 0.04736 DKK as an objective. Crossing it would then enable sellers to target 0.04405 DKK. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.

Force

5.5

Comment on the analysis

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 Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The JPY/DKK rating is 0.04975 DKK. On the day, this instrument lost -0.02% and was traded between 0.04952 DKK and 0.04978 DKK over the period. The price is currently at +0.46% from its lowest and -0.06% from its highest.

0.04952

0.04978

0.04975

A study of price movements over other periods shows the following variations:

The Central Records scanner for higher/lower results shows the following items:

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 HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in Daily of this JPY/DKK chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, of the 18 technical indicators analysed by Central Analyzer, 7 are bullish, 7 are neutral and 4 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Momentum indicator is back over 0

Type : Bullish

Timeframe : Daily

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:

Doji

Type : Neutral

Timeframe : Daily

ProTrendLines

Price

	S2	S1	Price	R1	R2	R3
ProTrendLines	0.04405	0.04940	0.04975	0.04985	0.05075	0.05177
Change (%)	-11.46%	-0.70%	-	+0.20%	+2.01%	+4.06%
Change	-0.00570	-0.00035	-	+0.00010	+0.00100	+0.00202
Level	Minor	Major	-	Major	Major	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	0.04952	0.04959	0.04967	0.04974	0.04982	0.04989	0.04997
Camarilla	0.04972	0.04973	0.04975	0.04976	0.04977	0.04979	0.04980
Woodie	0.04954	0.04959	0.04969	0.04974	0.04984	0.04989	0.04999
Fibonacci	0.04959	0.04964	0.04968	0.04974	0.04979	0.04983	0.04989

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.04839	0.04885	0.04921	0.04967	0.05003	0.05049	0.05085
Camarilla	0.04936	0.04943	0.04951	0.04958	0.04966	0.04973	0.04981
Woodie	0.04835	0.04883	0.04917	0.04965	0.04999	0.05047	0.05081
Fibonacci	0.04885	0.04916	0.04935	0.04967	0.04998	0.05017	0.05049

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.04736	0.04826	0.04916	0.05006	0.05096	0.05186	0.05276
Camarilla	0.04956	0.04972	0.04989	0.05005	0.05022	0.05038	0.05055
Woodie	0.04735	0.04826	0.04915	0.05006	0.05095	0.05186	0.05275
Fibonacci	0.04826	0.04895	0.04938	0.05006	0.05075	0.05118	0.05186

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):	45.05
MACD (12,26,9):	-0.0002
Directional Movement:	-4.47702
AROON (14):	14.28571
DEMA (21):	0.04962
Parabolic SAR (0,02-0,02-0,2):	0.05012
Elder Ray (13):	-0.00015
Super Trend (3,10):	0.05061
Zig ZAG (10):	0.04974
VORTEX (21):	0.8622
Stochastique (14,3,5):	54.07
TEMA (21):	0.04972
Williams %R (14):	-46.34
Chande Momentum Oscillator (20):	0.00003
Repulse (5,40,3):	0.1122
ROCnROLL:	2
TRIX (15,9):	-0.0607
Courbe Coppock:	0.70

MA7:	0.04979
MA20:	0.04982
MA50:	0.05034
MA100:	0.05127
MAexp7:	0.04977
MAexp20:	0.04988
MAexp50:	0.05035
MAexp100:	0.05096
Price / MA7:	-0.08%
Price / MA20:	-0.14%
Price / MA50:	-1.17%
Price / MA100:	-2.96%
Price / MAexp7:	-0.04%
Price / MAexp20:	-0.26%
Price / MAexp50:	-1.19%
Price / MAexp100:	-2.37%

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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