CAD/DKK - Daily - Technical analysis published on 08/15/2023 (GMT)
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I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Bearish
Technical indicators
33%
39%
28%
My opinion
Bearish under 5.1350 DKK
My targets
5.0204 DKK (-0.0553)
4.9425 DKK (-0.1332)
My analysis
All elements being rather 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 5.1350 DKK. The next bearish objective for sellers is set at 5.0204 DKK. A bearish break of this support would revive the bearish momentum. Sellers could then target the next support located at 4.9425 DKK. If there is any crossing, the next objective would be the support located at 4.8418 DKK. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bearish, basic trend. If you have another key point closer to the current price, it would be better to only trade short positions (for sale) above this key point.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
4.1
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Additional analysis
Quotes
CAD/DKK rating 5.0757 DKK. The price has increased by +0.00% since the last closing and was between 5.0744 DKK and 5.0762 DKK. This implies that the price is at +0.03% from its lowest and at -0.01% from its highest.5.0744
5.0762
5.0757
The Central Gaps scanner detects a bearish opening. A small advantage for sellers 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
Technical
Technical analysis of CAD/DKK in Daily shows an overall bearish trend. 75.00% of the signals given by moving averages are bearish. The overall trend seems to be showing some signs of weakness, as do the tentative bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Ichimoku - Bearish crossover : Tenkan & Kijun
Type : Bearish
Timeframe : Daily
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near resistance of triangle
Type : Bearish
Timeframe : Daily
The presence of these bearish patterns in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term were also noted
Bearish harami
Type : Bearish
Timeframe : Daily
Bearish harami cross
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4.8418 | 4.9425 | 5.0204 | 5.0757 | 5.0907 | 5.1350 | 5.2093 |
| Change (%) | -4.61% | -2.62% | -1.09% | - | +0.30% | +1.17% | +2.63% |
| Change | -0.2339 | -0.1332 | -0.0553 | - | +0.0150 | +0.0593 | +0.1336 |
| Level | Minor | Major | Intermediate | - | Major | Intermediate | 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 | 5.0298 | 5.0425 | 5.0591 | 5.0718 | 5.0884 | 5.1011 | 5.1177 |
| Camarilla | 5.0677 | 5.0704 | 5.0731 | 5.0758 | 5.0785 | 5.0812 | 5.0839 |
| Woodie | 5.0319 | 5.0435 | 5.0612 | 5.0728 | 5.0905 | 5.1021 | 5.1198 |
| Fibonacci | 5.0425 | 5.0537 | 5.0606 | 5.0718 | 5.0830 | 5.0899 | 5.1011 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.9937 | 5.0138 | 5.0376 | 5.0577 | 5.0815 | 5.1016 | 5.1254 |
| Camarilla | 5.0494 | 5.0535 | 5.0575 | 5.0615 | 5.0655 | 5.0696 | 5.0736 |
| Woodie | 4.9957 | 5.0147 | 5.0396 | 5.0586 | 5.0835 | 5.1025 | 5.1274 |
| Fibonacci | 5.0138 | 5.0305 | 5.0409 | 5.0577 | 5.0744 | 5.0848 | 5.1016 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.8639 | 4.9353 | 5.0357 | 5.1071 | 5.2075 | 5.2789 | 5.3793 |
| Camarilla | 5.0888 | 5.1045 | 5.1203 | 5.1360 | 5.1518 | 5.1675 | 5.1833 |
| Woodie | 4.8783 | 4.9426 | 5.0501 | 5.1144 | 5.2219 | 5.2862 | 5.3937 |
| Fibonacci | 4.9353 | 5.0010 | 5.0415 | 5.1071 | 5.1728 | 5.2133 | 5.2789 |
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): | 46.64 | |
| MACD (12,26,9): | -0.0119 | |
| Directional Movement: | -3.0223 | |
| AROON (14): | -64.2857 | |
| DEMA (21): | 5.0667 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.1047 | |
| Elder Ray (13): | -0.0009 | |
| Super Trend (3,10): | 5.0041 | |
| Zig ZAG (10): | 5.0753 | |
| VORTEX (21): | 1.0919 | |
| Stochastique (14,3,5): | 33.18 | |
| TEMA (21): | 5.0629 | |
| Williams %R (14): | -62.99 | |
| Chande Momentum Oscillator (20): | -0.0376 | |
| Repulse (5,40,3): | 0.3718 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0335 | |
| Courbe Coppock: | 1.05 |
| MA7: | 5.0637 | |
| MA20: | 5.0857 | |
| MA50: | 5.1182 | |
| MA100: | 5.0925 | |
| MAexp7: | 5.0707 | |
| MAexp20: | 5.0825 | |
| MAexp50: | 5.0976 | |
| MAexp100: | 5.1158 | |
| Price / MA7: | +0.24% | |
| Price / MA20: | -0.20% | |
| Price / MA50: | -0.83% | |
| Price / MA100: | -0.33% | |
| Price / MAexp7: | +0.10% | |
| Price / MAexp20: | -0.13% | |
| Price / MAexp50: | -0.43% | |
| Price / MAexp100: | -0.78% |
Quotes :
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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.
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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