CAD/DKK
CAD DKK
- DKK (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: CADDKK
ISIN:

CAD/DKK - 1H - Technical analysis published on 05/15/2020 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Bullish
Technical indicators
50%
0%
50%
My opinion
Bullish above 4.9027 DKK
My targets
4.9206 DKK (+0.0051)
4.9358 DKK (+0.0203)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on CAD/DKK as long as the price remains well above 4.9027 DKK. The buyers” bullish objective is set at 4.9206 DKK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 4.9358 DKK. If there is any crossing, the next objective would be the resistance located at 4.9552 DKK.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
5.9

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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The CAD/DKK price is 4.9155 DKK. The price is lower by -0.03% since the last closing and was traded between 4.9095 DKK and 4.9177 DKK over the period. The price is currently at +0.12% from its lowest and -0.04% from its highest.

4.9095
4.9177
4.9155

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Central Gaps

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:
The Central Records scanner for higher/lower results shows an item:

Central Records

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly



Technical


A technical analysis in 1H of this CAD/DKK chart shows a bullish trend. 75% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, only 9 technical indicators out of 18 studied are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Central Indicators

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly



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

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:

Central Candlesticks

Bearish harami

Type : Bearish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 4.8867 4.9027 4.9108 4.9155 4.9206 4.9358 4.9552
Change (%) -0.59% -0.26% -0.10% - +0.10% +0.41% +0.81%
Change -0.0288 -0.0128 -0.0047 - +0.0051 +0.0203 +0.0397
Level Major Minor Minor - Intermediate Minor Major



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
Standard4.86154.87384.89554.90784.92954.94184.9635
Camarilla4.90784.91094.91404.91714.92024.92334.9265
Woodie4.86614.87624.90014.91024.93414.94424.9681
Fibonacci4.87384.88684.89494.90784.92084.92894.9418


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard4.72134.76834.85444.90144.98755.03455.1206
Camarilla4.90404.91624.92844.94064.95284.96504.9772
Woodie4.74104.77814.87414.91125.00725.04435.1403
Fibonacci4.76834.81914.85054.90144.95224.98365.0345


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard4.61484.69694.79164.87374.96845.05055.1452
Camarilla4.83774.85394.87014.88634.90254.91874.9349
Woodie4.62114.70014.79794.87694.97475.05375.1515
Fibonacci4.69694.76444.80624.87374.94124.98305.0505

Numerical data


The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators
Moving averages

RSI (14): 59.19
MACD (12,26,9): 0.0046
Directional Movement: 9.2418
AROON (14): 21.4286
DEMA (21): 4.9159
Parabolic SAR (0,02-0,02-0,2): 4.9042
Elder Ray (13): 0.0026
Super Trend (3,10): 4.8974
Zig ZAG (10): 4.9140
VORTEX (21): 1.1451
Stochastique (14,3,5): 65.42
TEMA (21): 4.9177
Williams %R (14): -48.76
Chande Momentum Oscillator (20): 0.0011
Repulse (5,40,3): 0.0247
ROCnROLL: 1
TRIX (15,9): 0.0156
Courbe Coppock: 0.39
MA7: 4.9131
MA20: 4.8941
MA50: 4.8602
MA100: 4.9963
MAexp7: 4.9136
MAexp20: 4.9096
MAexp50: 4.9044
MAexp100: 4.9045
Price / MA7: +0.05%
Price / MA20: +0.44%
Price / MA50: +1.14%
Price / MA100: -1.62%
Price / MAexp7: +0.04%
Price / MAexp20: +0.12%
Price / MAexp50: +0.23%
Price / MAexp100: +0.22%

This member declared not having a position on this financial instrument or a related financial instrument.

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