USD/DKK - 1H - Technical analysis published on 04/06/2020 (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
Court terme:
Neutral
De fond:
Bullish
Technical indicators
28%
22%
50%
My opinion
Bullish above 6.8793 DKK
My targets
6.9227 DKK (+0.0138)
6.9504 DKK (+0.0415)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the support located at 6.8793 DKK remains possible. It is advisable to trade USD/DKK with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 6.8793 DKK. The next bullish objective for buyers is set at 6.9227 DKK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 6.9504 DKK. If there is any crossing, the next objective would be the resistance located at 7.0130 DKK. PS: if there is a bearish break in the support located at 6.8793 DKK we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
FORCE
0
10
2.7
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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 USD/DKK price is 6.9089 DKK. The price registered an increase of -0.02% on the session and was traded between 6.8927 DKK and 6.9260 DKK over the period. The price is currently at +0.24% from its lowest and -0.25% from its highest.6.8927
6.9260
6.9089
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
The Central Volumes scanner detects abnormal volumes on the asset:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of USD/DKK in 1H shows an overall bullish trend. 71.43% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators scanner detects bullish signals on moving averages 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.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Momentum indicator is back over 0
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 | 6.7443 | 6.8501 | 6.8793 | 6.9089 | 6.9227 | 6.9504 | 7.0130 |
| Change (%) | -2.38% | -0.85% | -0.43% | - | +0.20% | +0.60% | +1.51% |
| Change | -0.1646 | -0.0588 | -0.0296 | - | +0.0138 | +0.0415 | +0.1041 |
| Level | Major | Major | Intermediate | - | Intermediate | Minor | Intermediate |
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 | 6.8278 | 6.8533 | 6.8818 | 6.9073 | 6.9358 | 6.9613 | 6.9898 |
| Camarilla | 6.8956 | 6.9005 | 6.9055 | 6.9104 | 6.9154 | 6.9203 | 6.9253 |
| Woodie | 6.8294 | 6.8541 | 6.8834 | 6.9081 | 6.9374 | 6.9621 | 6.9914 |
| Fibonacci | 6.8533 | 6.8739 | 6.8866 | 6.9073 | 6.9279 | 6.9406 | 6.9613 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.5230 | 6.6094 | 6.7599 | 6.8463 | 6.9968 | 7.0832 | 7.2337 |
| Camarilla | 6.8453 | 6.8670 | 6.8887 | 6.9104 | 6.9321 | 6.9538 | 6.9756 |
| Woodie | 6.5551 | 6.6254 | 6.7920 | 6.8623 | 7.0289 | 7.0992 | 7.2658 |
| Fibonacci | 6.6094 | 6.6999 | 6.7558 | 6.8463 | 6.9368 | 6.9927 | 7.0832 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.9841 | 6.2419 | 6.5068 | 6.7646 | 7.0295 | 7.2873 | 7.5522 |
| Camarilla | 6.6280 | 6.6759 | 6.7238 | 6.7717 | 6.8196 | 6.8675 | 6.9154 |
| Woodie | 5.9877 | 6.2437 | 6.5104 | 6.7664 | 7.0331 | 7.2891 | 7.5558 |
| Fibonacci | 6.2419 | 6.4416 | 6.5649 | 6.7646 | 6.9643 | 7.0876 | 7.2873 |
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): | 50.73 | |
| MACD (12,26,9): | 0.0033 | |
| Directional Movement: | 9.6293 | |
| AROON (14): | -28.5715 | |
| DEMA (21): | 6.9160 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.9780 | |
| Elder Ray (13): | 0.0038 | |
| Super Trend (3,10): | 6.9626 | |
| Zig ZAG (10): | 6.9085 | |
| VORTEX (21): | 0.9416 | |
| Stochastique (14,3,5): | 20.14 | |
| TEMA (21): | 6.9107 | |
| Williams %R (14): | -79.08 | |
| Chande Momentum Oscillator (20): | 0.0036 | |
| Repulse (5,40,3): | 0.0877 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0108 | |
| Courbe Coppock: | 0.05 |
| MA7: | 6.8232 | |
| MA20: | 6.8091 | |
| MA50: | 6.8040 | |
| MA100: | 6.7671 | |
| MAexp7: | 6.9116 | |
| MAexp20: | 6.9101 | |
| MAexp50: | 6.8930 | |
| MAexp100: | 6.8669 | |
| Price / MA7: | +1.26% | |
| Price / MA20: | +1.47% | |
| Price / MA50: | +1.54% | |
| Price / MA100: | +2.10% | |
| Price / MAexp7: | -0.04% | |
| Price / MAexp20: | -0.02% | |
| Price / MAexp50: | +0.23% | |
| Price / MAexp100: | +0.61% |
This member declared not having a position on this financial instrument or a related financial instrument.
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