CAD/DKK - 1H - Technical analysis published on 07/31/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
28%
56%
17%
My opinion
Bearish under 4.7008 DKK
My targets
4.6452 DKK (-0.0148)
4.6147 DKK (-0.0453)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on CAD/DKK as long as the price remains well below 4.7008 DKK. The sellers” bearish objective is set at 4.6452 DKK. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 4.6147 DKK. In case of crossing, the next objective would be the support located at 4.3301 DKK. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
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 CAD/DKK price is 4.6600 DKK. On the day, this instrument lost -0.30% and was traded between 4.6586 DKK and 4.6751 DKK over the period. The price is currently at +0.03% from its lowest and -0.32% from its highest.4.6586
4.6751
4.6600
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 (5 years)
Type : Bearish
Timeframe : Weekly
New LOW record (1 year)
Type : Bearish
Timeframe : Weekly
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of CAD/DKK in 1H shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is oversold : under 20
Type : Neutral
Timeframe : 1 hour
CCI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 4.3301 | 4.6147 | 4.6600 | 4.7158 | 4.7393 | 4.7650 |
| Change (%) | -7.08% | -0.97% | - | +1.20% | +1.70% | +2.25% |
| Change | -0.3299 | -0.0453 | - | +0.0558 | +0.0793 | +0.1050 |
| Level | Minor | Major | - | Intermediate | Intermediate | 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 | 4.5841 | 4.6281 | 4.6511 | 4.6951 | 4.7181 | 4.7621 | 4.7851 |
| Camarilla | 4.6556 | 4.6617 | 4.6679 | 4.6740 | 4.6801 | 4.6863 | 4.6924 |
| Woodie | 4.5735 | 4.6229 | 4.6405 | 4.6899 | 4.7075 | 4.7569 | 4.7745 |
| Fibonacci | 4.6281 | 4.6537 | 4.6695 | 4.6951 | 4.7207 | 4.7365 | 4.7621 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.6452 | 4.7008 | 4.7295 | 4.7851 | 4.8138 | 4.8694 | 4.8981 |
| Camarilla | 4.7349 | 4.7426 | 4.7504 | 4.7581 | 4.7658 | 4.7736 | 4.7813 |
| Woodie | 4.6317 | 4.6941 | 4.7160 | 4.7784 | 4.8003 | 4.8627 | 4.8846 |
| Fibonacci | 4.7008 | 4.7330 | 4.7529 | 4.7851 | 4.8173 | 4.8372 | 4.8694 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.6983 | 4.7620 | 4.8244 | 4.8881 | 4.9505 | 5.0142 | 5.0766 |
| Camarilla | 4.8522 | 4.8638 | 4.8753 | 4.8869 | 4.8985 | 4.9100 | 4.9216 |
| Woodie | 4.6978 | 4.7617 | 4.8239 | 4.8878 | 4.9500 | 5.0139 | 5.0761 |
| Fibonacci | 4.7620 | 4.8101 | 4.8399 | 4.8881 | 4.9362 | 4.9660 | 5.0142 |
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): | 24.05 | |
| MACD (12,26,9): | -0.0156 | |
| Directional Movement: | -23.9254 | |
| AROON (14): | -78.5714 | |
| DEMA (21): | 4.6609 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.6686 | |
| Elder Ray (13): | -0.0085 | |
| Super Trend (3,10): | 4.6842 | |
| Zig ZAG (10): | 4.6621 | |
| VORTEX (21): | 0.6682 | |
| Stochastique (14,3,5): | 4.27 | |
| TEMA (21): | 4.6548 | |
| Williams %R (14): | -99.46 | |
| Chande Momentum Oscillator (20): | -0.0192 | |
| Repulse (5,40,3): | -0.1919 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0472 | |
| Courbe Coppock: | 1.47 |
| MA7: | 4.7294 | |
| MA20: | 4.7931 | |
| MA50: | 4.8507 | |
| MA100: | 4.8587 | |
| MAexp7: | 4.6658 | |
| MAexp20: | 4.6818 | |
| MAexp50: | 4.7052 | |
| MAexp100: | 4.7259 | |
| Price / MA7: | -1.47% | |
| Price / MA20: | -2.78% | |
| Price / MA50: | -3.93% | |
| Price / MA100: | -4.09% | |
| Price / MAexp7: | -0.13% | |
| Price / MAexp20: | -0.47% | |
| Price / MAexp50: | -0.96% | |
| Price / MAexp100: | -1.40% |
Quotes :
2020-07-31 06:52:27
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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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