CAD/DKK - Daily - Technical analysis published on 02/28/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
22%
33%
44%
My opinion
Bearish under 5.2267 DKK
My targets
5.1180 DKK (-0.0494)
4.8839 DKK (-0.2835)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on CAD/DKK. As long as you are under the resistance located at 5.2267 DKK, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 5.1180 DKK would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 4.8839 DKK as an objective. Crossing it would then enable sellers to target 4.6846 DKK. If the resistance 5.2267 DKK were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
3.6
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CAD/DKK price is 5.1674 DKK. The price is lower by -0.01% since the last closing and was traded between 5.1556 DKK and 5.1782 DKK over the period. The price is currently at +0.23% from its lowest and -0.21% from its highest.5.1556
5.1782
5.1674
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
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 (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in Daily of this CAD/DKK chart shows a bearish trend. 71.43% of the signals given by moving averages are bearish. 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 is currently detecting a bearish signal that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : Daily
On the 18 technical indicators analysed, 4 are bullish, 8 are neutral and 6 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near support of channel
Type : Bullish
Timeframe : Daily
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4.6846 | 4.8839 | 5.1180 | 5.1674 | 5.2267 | 5.4054 | 5.5475 |
| Change (%) | -9.34% | -5.49% | -0.96% | - | +1.15% | +4.61% | +7.36% |
| Change | -0.4828 | -0.2835 | -0.0494 | - | +0.0593 | +0.2380 | +0.3801 |
| Level | Major | Major | Major | - | Major | Minor | Intermediate |
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 | 5.1278 | 5.1465 | 5.1571 | 5.1758 | 5.1864 | 5.2051 | 5.2157 |
| Camarilla | 5.1596 | 5.1623 | 5.1650 | 5.1677 | 5.1704 | 5.1731 | 5.1758 |
| Woodie | 5.1238 | 5.1445 | 5.1531 | 5.1738 | 5.1824 | 5.2031 | 5.2117 |
| Fibonacci | 5.1465 | 5.1577 | 5.1646 | 5.1758 | 5.1870 | 5.1939 | 5.2051 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.1186 | 5.1365 | 5.1613 | 5.1792 | 5.2040 | 5.2219 | 5.2467 |
| Camarilla | 5.1743 | 5.1782 | 5.1821 | 5.1860 | 5.1899 | 5.1938 | 5.1977 |
| Woodie | 5.1220 | 5.1382 | 5.1647 | 5.1809 | 5.2074 | 5.2236 | 5.2501 |
| Fibonacci | 5.1365 | 5.1528 | 5.1629 | 5.1792 | 5.1955 | 5.2056 | 5.2219 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.9314 | 5.0057 | 5.0762 | 5.1505 | 5.2210 | 5.2953 | 5.3658 |
| Camarilla | 5.1069 | 5.1202 | 5.1334 | 5.1467 | 5.1600 | 5.1733 | 5.1865 |
| Woodie | 4.9295 | 5.0048 | 5.0743 | 5.1496 | 5.2191 | 5.2944 | 5.3639 |
| Fibonacci | 5.0057 | 5.0610 | 5.0952 | 5.1505 | 5.2058 | 5.2400 | 5.2953 |
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): | 49.42 | |
| MACD (12,26,9): | 0.0060 | |
| Directional Movement: | 0.8206 | |
| AROON (14): | 14.2857 | |
| DEMA (21): | 5.1793 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.2188 | |
| Elder Ray (13): | -0.0083 | |
| Super Trend (3,10): | 5.1008 | |
| Zig ZAG (10): | 5.1678 | |
| VORTEX (21): | 1.0574 | |
| Stochastique (14,3,5): | 32.48 | |
| TEMA (21): | 5.1903 | |
| Williams %R (14): | -74.56 | |
| Chande Momentum Oscillator (20): | -0.0586 | |
| Repulse (5,40,3): | -0.1719 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0263 | |
| Courbe Coppock: | 0.60 |
| MA7: | 5.1766 | |
| MA20: | 5.1721 | |
| MA50: | 5.1541 | |
| MA100: | 5.2659 | |
| MAexp7: | 5.1760 | |
| MAexp20: | 5.1713 | |
| MAexp50: | 5.1857 | |
| MAexp100: | 5.2571 | |
| Price / MA7: | -0.18% | |
| Price / MA20: | -0.09% | |
| Price / MA50: | +0.26% | |
| Price / MA100: | -1.87% | |
| Price / MAexp7: | -0.17% | |
| Price / MAexp20: | -0.08% | |
| Price / MAexp50: | -0.35% | |
| Price / MAexp100: | -1.71% |
Quotes :
-
Real time data
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Forex
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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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