CAD/DKK - 1H - Technical analysis published on 05/28/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bullish
Technical indicators
28%
39%
33%
My opinion
Bullish above 4.9046 DKK
My targets
4.9339 DKK (+0.0117)
4.9408 DKK (+0.0186)
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 4.9046 DKK remains possible. It is advisable to trade CAD/DKK with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 4.9046 DKK. The next bullish objective for buyers is set at 4.9339 DKK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 4.9408 DKK. If there is any crossing, the next objective would be the resistance located at 4.9547 DKK. PS: if there is a bearish break in the support located at 4.9046 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.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
FORCE
0
10
2.9
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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 4.9222 DKK. The price has increased by +0.04% since the last closing and was traded between 4.9148 DKK and 4.9248 DKK over the period. The price is currently at +0.15% from its lowest and -0.05% from its highest.4.9148
4.9248
4.9222
A study of price movements over other periods shows the following variations:
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. 75.00% 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 market scanner currently does not detect any result that concerns moving averages.
In fact, of the 18 technical indicators analysed by Central Analyzer, 5 are bullish, 6 are neutral and 7 are bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Aroon indicator bearish trend
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 4.8792 | 4.8867 | 4.9046 | 4.9222 | 4.9240 | 4.9339 | 4.9408 |
| Change (%) | -0.87% | -0.72% | -0.36% | - | +0.04% | +0.24% | +0.38% |
| Change | -0.0430 | -0.0355 | -0.0176 | - | +0.0018 | +0.0117 | +0.0186 |
| Level | Intermediate | Intermediate | Intermediate | - | Minor | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.8484 | 4.8765 | 4.8984 | 4.9265 | 4.9484 | 4.9765 | 4.9984 |
| Camarilla | 4.9065 | 4.9110 | 4.9156 | 4.9202 | 4.9248 | 4.9294 | 4.9340 |
| Woodie | 4.8452 | 4.8750 | 4.8952 | 4.9250 | 4.9452 | 4.9750 | 4.9952 |
| Fibonacci | 4.8765 | 4.8956 | 4.9074 | 4.9265 | 4.9456 | 4.9574 | 4.9765 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.8134 | 4.8400 | 4.8627 | 4.8893 | 4.9120 | 4.9386 | 4.9613 |
| Camarilla | 4.8717 | 4.8763 | 4.8808 | 4.8853 | 4.8898 | 4.8943 | 4.8989 |
| Woodie | 4.8114 | 4.8390 | 4.8607 | 4.8883 | 4.9100 | 4.9376 | 4.9593 |
| Fibonacci | 4.8400 | 4.8589 | 4.8705 | 4.8893 | 4.9082 | 4.9198 | 4.9386 |
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 the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 43.72 | |
| MACD (12,26,9): | -0.0016 | |
| Directional Movement: | -0.5336 | |
| AROON (14): | -85.7143 | |
| DEMA (21): | 4.9211 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.9093 | |
| Elder Ray (13): | -0.0019 | |
| Super Trend (3,10): | 4.9375 | |
| Zig ZAG (10): | 4.9212 | |
| VORTEX (21): | 0.9506 | |
| Stochastique (14,3,5): | 24.06 | |
| TEMA (21): | 4.9168 | |
| Williams %R (14): | -66.45 | |
| Chande Momentum Oscillator (20): | -0.0081 | |
| Repulse (5,40,3): | 0.0118 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0031 | |
| Courbe Coppock: | 0.21 |
| MA7: | 4.9026 | |
| MA20: | 4.8967 | |
| MA50: | 4.8782 | |
| MA100: | 4.9743 | |
| MAexp7: | 4.9203 | |
| MAexp20: | 4.9221 | |
| MAexp50: | 4.9192 | |
| MAexp100: | 4.9110 | |
| Price / MA7: | +0.40% | |
| Price / MA20: | +0.52% | |
| Price / MA50: | +0.90% | |
| Price / MA100: | -1.05% | |
| Price / MAexp7: | +0.04% | |
| Price / MAexp20: | +0.01% | |
| Price / MAexp50: | +0.07% | |
| Price / MAexp100: | +0.23% |
Quotes :
2020-05-28 07:10:30
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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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