CAD/DKK - 1H - Technical analysis published on 05/15/2020 (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:
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
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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 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.
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 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:
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:
Bearish harami
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
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 |
---|---|---|---|---|---|---|---|
Standard | 4.8615 | 4.8738 | 4.8955 | 4.9078 | 4.9295 | 4.9418 | 4.9635 |
Camarilla | 4.9078 | 4.9109 | 4.9140 | 4.9171 | 4.9202 | 4.9233 | 4.9265 |
Woodie | 4.8661 | 4.8762 | 4.9001 | 4.9102 | 4.9341 | 4.9442 | 4.9681 |
Fibonacci | 4.8738 | 4.8868 | 4.8949 | 4.9078 | 4.9208 | 4.9289 | 4.9418 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 4.7213 | 4.7683 | 4.8544 | 4.9014 | 4.9875 | 5.0345 | 5.1206 |
Camarilla | 4.9040 | 4.9162 | 4.9284 | 4.9406 | 4.9528 | 4.9650 | 4.9772 |
Woodie | 4.7410 | 4.7781 | 4.8741 | 4.9112 | 5.0072 | 5.0443 | 5.1403 |
Fibonacci | 4.7683 | 4.8191 | 4.8505 | 4.9014 | 4.9522 | 4.9836 | 5.0345 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 4.6148 | 4.6969 | 4.7916 | 4.8737 | 4.9684 | 5.0505 | 5.1452 |
Camarilla | 4.8377 | 4.8539 | 4.8701 | 4.8863 | 4.9025 | 4.9187 | 4.9349 |
Woodie | 4.6211 | 4.7001 | 4.7979 | 4.8769 | 4.9747 | 5.0537 | 5.1515 |
Fibonacci | 4.6969 | 4.7644 | 4.8062 | 4.8737 | 4.9412 | 4.9830 | 5.0505 |
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.
About author
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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