USD/DKK - Daily - Technical analysis published on 07/07/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Bearish
De fond:
Strongly bearish
Technical indicators
17%
44%
39%
My opinion
Bearish under 6.6459 DKK
My targets
6.5500 DKK (-0.0407)
6.3345 DKK (-0.2562)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on USD/DKK as long as the price remains well below 6.6459 DKK. The next bearish objective for sellers is set at 6.5500 DKK. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 6.3345 DKK. If there is any crossing, the next objective would be the support located at 6.1723 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 over sold items that could be a sign of a short-term correction.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
6.3
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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
USD/DKK rating 6.5907 DKK. On the day, this instrument gained +0.06% and was between 6.5754 DKK and 6.5958 DKK. This implies that the price is at +0.23% from its lowest and at -0.08% from its highest.6.5754
6.5958
6.5907
Here is a more detailed summary of the historical variations registered by USD/DKK:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in Daily of this USD/DKK chart shows a sharp bearish trend. 89.29% of the signals given by moving averages are bearish. The slightly bearish signals from short-term moving averages show that the overall trend is slowing down. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : Daily
The probability of a further decline is low given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Williams %R indicator is back under -50
Type : Bearish
Timeframe : Daily
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 6.1723 | 6.3345 | 6.5500 | 6.5907 | 6.6459 | 6.6896 | 6.7918 |
| Change (%) | -6.35% | -3.89% | -0.62% | - | +0.84% | +1.50% | +3.05% |
| Change | -0.4184 | -0.2562 | -0.0407 | - | +0.0552 | +0.0989 | +0.2011 |
| Level | Major | Minor | Major | - | Major | Minor | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.5018 | 6.5349 | 6.5610 | 6.5941 | 6.6202 | 6.6533 | 6.6794 |
| Camarilla | 6.5708 | 6.5763 | 6.5817 | 6.5871 | 6.5925 | 6.5980 | 6.6034 |
| Woodie | 6.4983 | 6.5332 | 6.5575 | 6.5924 | 6.6167 | 6.6516 | 6.6759 |
| Fibonacci | 6.5349 | 6.5575 | 6.5715 | 6.5941 | 6.6167 | 6.6307 | 6.6533 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.5210 | 6.5566 | 6.5913 | 6.6269 | 6.6616 | 6.6972 | 6.7319 |
| Camarilla | 6.6066 | 6.6130 | 6.6195 | 6.6259 | 6.6323 | 6.6388 | 6.6452 |
| Woodie | 6.5205 | 6.5564 | 6.5908 | 6.6267 | 6.6611 | 6.6970 | 6.7314 |
| Fibonacci | 6.5566 | 6.5835 | 6.6001 | 6.6269 | 6.6538 | 6.6704 | 6.6972 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.3459 | 6.4364 | 6.5352 | 6.6257 | 6.7245 | 6.8150 | 6.9138 |
| Camarilla | 6.5820 | 6.5994 | 6.6168 | 6.6341 | 6.6515 | 6.6688 | 6.6862 |
| Woodie | 6.3502 | 6.4385 | 6.5395 | 6.6278 | 6.7288 | 6.8171 | 6.9181 |
| Fibonacci | 6.4364 | 6.5087 | 6.5534 | 6.6257 | 6.6980 | 6.7427 | 6.8150 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 39.99 | |
| MACD (12,26,9): | -0.0261 | |
| Directional Movement: | -16.8139 | |
| AROON (14): | -14.2857 | |
| DEMA (21): | 6.5920 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.6685 | |
| Elder Ray (13): | -0.0339 | |
| Super Trend (3,10): | 6.7190 | |
| Zig ZAG (10): | 6.5905 | |
| VORTEX (21): | 0.9886 | |
| Stochastique (14,3,5): | 31.94 | |
| TEMA (21): | 6.6033 | |
| Williams %R (14): | -76.65 | |
| Chande Momentum Oscillator (20): | -0.0794 | |
| Repulse (5,40,3): | -0.1968 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0690 | |
| Courbe Coppock: | 0.08 |
| MA7: | 6.6170 | |
| MA20: | 6.6185 | |
| MA50: | 6.7198 | |
| MA100: | 6.7682 | |
| MAexp7: | 6.6114 | |
| MAexp20: | 6.6316 | |
| MAexp50: | 6.6904 | |
| MAexp100: | 6.7322 | |
| Price / MA7: | -0.40% | |
| Price / MA20: | -0.42% | |
| Price / MA50: | -1.92% | |
| Price / MA100: | -2.62% | |
| Price / MAexp7: | -0.31% | |
| Price / MAexp20: | -0.62% | |
| Price / MAexp50: | -1.49% | |
| Price / MAexp100: | -2.10% |
Quotes :
2020-07-07 06:40:15
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Real time data
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Forex
This member declared not having a position on this financial instrument or a related financial instrument.
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