CAD/DKK - 1H - Technical analysis published on 09/16/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
50%
11%
39%
My opinion
Bullish above 4.9682 DKK
My targets
4.9977 DKK (+0.0143)
5.0039 DKK (+0.0205)
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 4.9682 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 4.9682 DKK. The next bullish objective for buyers is set at 4.9977 DKK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 5.0039 DKK. If there is any crossing, the next objective would be the resistance located at 5.0438 DKK. PS: if there is a bearish break in the support located at 4.9682 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 confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
5.2
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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 4.9834 DKK. The price registered a decrease of -0.05% on the session and was between 4.9780 DKK and 5.0067 DKK. This implies that the price is at +0.11% from its lowest and at -0.47% from its highest.4.9780
5.0067
4.9834
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of CAD/DKK in 1H shows an overall bullish trend. 78.57% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, only 9 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
MACD indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Parabolic SAR indicator bearish reversal
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.
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 engulfing lines
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4.9505 | 4.9596 | 4.9682 | 4.9834 | 4.9853 | 4.9977 | 5.0039 |
| Change (%) | -0.66% | -0.48% | -0.31% | - | +0.04% | +0.29% | +0.41% |
| Change | -0.0329 | -0.0238 | -0.0152 | - | +0.0019 | +0.0143 | +0.0205 |
| Level | Major | Intermediate | Intermediate | - | Minor | Intermediate | Minor |
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 | 4.9296 | 4.9411 | 4.9635 | 4.9750 | 4.9974 | 5.0089 | 5.0313 |
| Camarilla | 4.9765 | 4.9796 | 4.9827 | 4.9858 | 4.9889 | 4.9920 | 4.9951 |
| Woodie | 4.9350 | 4.9438 | 4.9689 | 4.9777 | 5.0028 | 5.0116 | 5.0367 |
| Fibonacci | 4.9411 | 4.9541 | 4.9621 | 4.9750 | 4.9880 | 4.9960 | 5.0089 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.8627 | 4.8995 | 4.9302 | 4.9670 | 4.9977 | 5.0345 | 5.0652 |
| Camarilla | 4.9422 | 4.9484 | 4.9546 | 4.9608 | 4.9670 | 4.9732 | 4.9794 |
| Woodie | 4.8596 | 4.8980 | 4.9271 | 4.9655 | 4.9946 | 5.0330 | 5.0621 |
| Fibonacci | 4.8995 | 4.9253 | 4.9413 | 4.9670 | 4.9928 | 5.0088 | 5.0345 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.7631 | 4.8416 | 4.9162 | 4.9947 | 5.0693 | 5.1478 | 5.2224 |
| Camarilla | 4.9487 | 4.9627 | 4.9768 | 4.9908 | 5.0048 | 5.0189 | 5.0329 |
| Woodie | 4.7612 | 4.8406 | 4.9143 | 4.9937 | 5.0674 | 5.1468 | 5.2205 |
| Fibonacci | 4.8416 | 4.9001 | 4.9362 | 4.9947 | 5.0532 | 5.0893 | 5.1478 |
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): | 56.55 | |
| MACD (12,26,9): | 0.0062 | |
| Directional Movement: | 3.9709 | |
| AROON (14): | 71.4286 | |
| DEMA (21): | 4.9971 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.0067 | |
| Elder Ray (13): | -0.0021 | |
| Super Trend (3,10): | 4.9843 | |
| Zig ZAG (10): | 4.9876 | |
| VORTEX (21): | 1.0725 | |
| Stochastique (14,3,5): | 59.93 | |
| TEMA (21): | 4.9996 | |
| Williams %R (14): | -66.20 | |
| Chande Momentum Oscillator (20): | 0.0070 | |
| Repulse (5,40,3): | -0.2047 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0183 | |
| Courbe Coppock: | 0.54 |
| MA7: | 4.9708 | |
| MA20: | 4.9854 | |
| MA50: | 5.0061 | |
| MA100: | 5.0283 | |
| MAexp7: | 4.9940 | |
| MAexp20: | 4.9894 | |
| MAexp50: | 4.9808 | |
| MAexp100: | 4.9770 | |
| Price / MA7: | +0.25% | |
| Price / MA20: | -0.04% | |
| Price / MA50: | -0.45% | |
| Price / MA100: | -0.89% | |
| Price / MAexp7: | -0.21% | |
| Price / MAexp20: | -0.12% | |
| Price / MAexp50: | +0.05% | |
| Price / MAexp100: | +0.13% |
Quotes :
-
Real time data
-
Forex
This member declared not having a position on this financial instrument or a related financial instrument.
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