CAD/DKK - 1H - Technical analysis published on 03/09/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
61%
6%
33%
My opinion
Bearish under 5.1387 DKK
My targets
5.0899 DKK (-0.0220)
5.0298 DKK (-0.0821)
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 5.1387 DKK, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 5.0899 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 5.0298 DKK as an objective. Crossing it would then enable sellers to target 4.8839 DKK. If the resistance 5.1387 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.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
0.7
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
CAD/DKK rating 5.1119 DKK. On the day, this instrument gained +0.00% and was between 5.0998 DKK and 5.1145 DKK. This implies that the price is at +0.24% from its lowest and at -0.05% from its highest.5.0998
5.1145
5.1119
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
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 (1 year)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
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 this 1H chart of CAD/DKK indicates that the overall trend is bearish. 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 several bullish signals that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bullish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Aroon indicator bullish trend
Type : Bullish
Timeframe : 1 hour
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near support of channel
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4.8839 | 5.0899 | 5.1068 | 5.1119 | 5.1144 | 5.1387 | 5.1747 |
| Change (%) | -4.46% | -0.43% | -0.10% | - | +0.05% | +0.52% | +1.23% |
| Change | -0.2280 | -0.0220 | -0.0051 | - | +0.0025 | +0.0268 | +0.0628 |
| Level | Major | Major | Intermediate | - | Intermediate | 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 | 5.0698 | 5.0883 | 5.1002 | 5.1187 | 5.1306 | 5.1491 | 5.1610 |
| Camarilla | 5.1037 | 5.1065 | 5.1093 | 5.1121 | 5.1149 | 5.1177 | 5.1205 |
| Woodie | 5.0665 | 5.0867 | 5.0969 | 5.1171 | 5.1273 | 5.1475 | 5.1577 |
| Fibonacci | 5.0883 | 5.0999 | 5.1071 | 5.1187 | 5.1303 | 5.1375 | 5.1491 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.0298 | 5.0722 | 5.1096 | 5.1520 | 5.1894 | 5.2318 | 5.2692 |
| Camarilla | 5.1250 | 5.1323 | 5.1396 | 5.1469 | 5.1542 | 5.1615 | 5.1689 |
| Woodie | 5.0272 | 5.0710 | 5.1070 | 5.1508 | 5.1868 | 5.2306 | 5.2666 |
| Fibonacci | 5.0722 | 5.1027 | 5.1216 | 5.1520 | 5.1825 | 5.2014 | 5.2318 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.9297 | 5.0050 | 5.0811 | 5.1564 | 5.2325 | 5.3078 | 5.3839 |
| Camarilla | 5.1156 | 5.1294 | 5.1433 | 5.1572 | 5.1711 | 5.1850 | 5.1988 |
| Woodie | 4.9301 | 5.0052 | 5.0815 | 5.1566 | 5.2329 | 5.3080 | 5.3843 |
| Fibonacci | 5.0050 | 5.0628 | 5.0986 | 5.1564 | 5.2142 | 5.2500 | 5.3078 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 47.14 | |
| MACD (12,26,9): | -0.0037 | |
| Directional Movement: | -11.0707 | |
| AROON (14): | 21.4286 | |
| DEMA (21): | 5.1056 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.1000 | |
| Elder Ray (13): | 0.0008 | |
| Super Trend (3,10): | 5.1177 | |
| Zig ZAG (10): | 5.1111 | |
| VORTEX (21): | 0.9104 | |
| Stochastique (14,3,5): | 58.61 | |
| TEMA (21): | 5.1051 | |
| Williams %R (14): | -13.77 | |
| Chande Momentum Oscillator (20): | 0.0026 | |
| Repulse (5,40,3): | 0.1341 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0126 | |
| Courbe Coppock: | 0.16 |
| MA7: | 5.1308 | |
| MA20: | 5.1665 | |
| MA50: | 5.1510 | |
| MA100: | 5.2385 | |
| MAexp7: | 5.1085 | |
| MAexp20: | 5.1108 | |
| MAexp50: | 5.1175 | |
| MAexp100: | 5.1262 | |
| Price / MA7: | -0.37% | |
| Price / MA20: | -1.06% | |
| Price / MA50: | -0.76% | |
| Price / MA100: | -2.42% | |
| Price / MAexp7: | +0.07% | |
| Price / MAexp20: | +0.02% | |
| Price / MAexp50: | -0.11% | |
| Price / MAexp100: | -0.28% |
Quotes :
-
Real time data
-
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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