CAD/DKK - 1H - Technical analysis published on 09/21/2020 (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
22%
33%
44%
My opinion
Bearish under 4.7610 DKK
My targets
4.7286 DKK (-0.0270)
4.7021 DKK (-0.0535)
My analysis
The bearish trend is currently very strong for CAD/DKK. As long as the price remains below the resistance at 4.7610 DKK, you could try to take advantage of the bearish rally. The first bearish objective is located at 4.7286 DKK. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 4.7021 DKK as an objective. Crossing it would then enable sellers to target 4.6155 DKK. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
6.4
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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 rating is 4.7556 DKK. On the day, this instrument lost -0.10% and was between 4.7547 DKK and 4.7621 DKK. This implies that the price is at +0.02% from its lowest and at -0.14% from its highest.4.7547
4.7621
4.7556
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by CAD/DKK:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of CAD/DKK indicates that the overall trend is strongly bearish. 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 market scanner is currently detecting a bearish signal that could impact this trend:
Moving Average bearish crossovers : MA50 & MA100
Type : Bearish
Timeframe : 1 hour
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 8 are neutral and 6 are bearish. The Central Indicators scanner specialised in technical indicators, has not detected anything further.
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
Support of triangle is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4.6155 | 4.7021 | 4.7549 | 4.7556 | 4.7610 | 4.7717 | 4.7753 |
| Change (%) | -2.95% | -1.12% | -0.01% | - | +0.11% | +0.34% | +0.41% |
| Change | -0.1401 | -0.0535 | -0.0007 | - | +0.0054 | +0.0161 | +0.0197 |
| Level | Minor | Major | Intermediate | - | Intermediate | Major | Intermediate |
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 | 4.7246 | 4.7382 | 4.7494 | 4.7630 | 4.7742 | 4.7878 | 4.7990 |
| Camarilla | 4.7537 | 4.7560 | 4.7582 | 4.7605 | 4.7628 | 4.7651 | 4.7673 |
| Woodie | 4.7233 | 4.7376 | 4.7481 | 4.7624 | 4.7729 | 4.7872 | 4.7977 |
| Fibonacci | 4.7382 | 4.7477 | 4.7536 | 4.7630 | 4.7725 | 4.7784 | 4.7878 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.7054 | 4.7286 | 4.7446 | 4.7678 | 4.7838 | 4.8070 | 4.8230 |
| Camarilla | 4.7497 | 4.7533 | 4.7569 | 4.7605 | 4.7641 | 4.7677 | 4.7713 |
| Woodie | 4.7017 | 4.7268 | 4.7409 | 4.7660 | 4.7801 | 4.8052 | 4.8193 |
| Fibonacci | 4.7286 | 4.7436 | 4.7529 | 4.7678 | 4.7828 | 4.7921 | 4.8070 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.6192 | 4.6633 | 4.7228 | 4.7669 | 4.8264 | 4.8705 | 4.9300 |
| Camarilla | 4.7538 | 4.7633 | 4.7728 | 4.7823 | 4.7918 | 4.8013 | 4.8108 |
| Woodie | 4.6269 | 4.6672 | 4.7305 | 4.7708 | 4.8341 | 4.8744 | 4.9377 |
| Fibonacci | 4.6633 | 4.7029 | 4.7273 | 4.7669 | 4.8065 | 4.8309 | 4.8705 |
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): | 40.06 | |
| MACD (12,26,9): | -0.0024 | |
| Directional Movement: | -8.9160 | |
| AROON (14): | 21.4286 | |
| DEMA (21): | 4.7569 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.7536 | |
| Elder Ray (13): | -0.0018 | |
| Super Trend (3,10): | 4.7709 | |
| Zig ZAG (10): | 4.7563 | |
| VORTEX (21): | 0.8961 | |
| Stochastique (14,3,5): | 47.03 | |
| TEMA (21): | 4.7567 | |
| Williams %R (14): | -82.67 | |
| Chande Momentum Oscillator (20): | -0.0011 | |
| Repulse (5,40,3): | -0.0847 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0086 | |
| Courbe Coppock: | 0.10 |
| MA7: | 4.7657 | |
| MA20: | 4.7807 | |
| MA50: | 4.7680 | |
| MA100: | 4.8277 | |
| MAexp7: | 4.7583 | |
| MAexp20: | 4.7605 | |
| MAexp50: | 4.7644 | |
| MAexp100: | 4.7669 | |
| Price / MA7: | -0.21% | |
| Price / MA20: | -0.53% | |
| Price / MA50: | -0.26% | |
| Price / MA100: | -1.49% | |
| Price / MAexp7: | -0.06% | |
| Price / MAexp20: | -0.10% | |
| Price / MAexp50: | -0.18% | |
| Price / MAexp100: | -0.24% |
Quotes :
2020-09-21 07:00:45
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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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