CAD/DKK - 1H - Technical analysis published on 01/08/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
6%
61%
33%
My opinion
Bearish under 5.1154 DKK
My targets
5.0907 DKK (-0.0090)
5.0756 DKK (-0.0241)
My analysis
All elements being clearly 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 5.1154 DKK. The sellers' bearish objective is set at 5.0907 DKK. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 5.0756 DKK. In case of crossing, the next objective would be the support located at 5.0644 DKK. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
7.9
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Additional analysis
Quotes
CAD/DKK rating 5.0997 DKK. The price is lower by -0.02% since the last closing and was between 5.0976 DKK and 5.1039 DKK. This implies that the price is at +0.04% from its lowest and at -0.08% from its highest.5.0976
5.1039
5.0997
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
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 HIGH record (1 year)
Type : Bullish
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 1H shows a overall strongly bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish trend reversal : Moving Average 100
Type : Bearish
Timeframe : 1 hour
Technical indicators are bearish. There is still some doubt about the decline in the price.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near support of channel
Type : Bullish
Timeframe : 1 hour
Near support of triangle
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 | 5.0756 | 5.0862 | 5.0907 | 5.0997 | 5.1023 | 5.1154 | 5.1240 |
| Change (%) | -0.47% | -0.26% | -0.18% | - | +0.05% | +0.31% | +0.48% |
| Change | -0.0241 | -0.0135 | -0.0090 | - | +0.0026 | +0.0157 | +0.0243 |
| Level | Minor | Minor | Major | - | Intermediate | Major | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.0607 | 5.0766 | 5.0886 | 5.1045 | 5.1165 | 5.1324 | 5.1444 |
| Camarilla | 5.0928 | 5.0954 | 5.0979 | 5.1005 | 5.1031 | 5.1056 | 5.1082 |
| Woodie | 5.0587 | 5.0756 | 5.0866 | 5.1035 | 5.1145 | 5.1314 | 5.1424 |
| Fibonacci | 5.0766 | 5.0873 | 5.0939 | 5.1045 | 5.1152 | 5.1218 | 5.1324 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.0531 | 5.0720 | 5.0863 | 5.1052 | 5.1195 | 5.1384 | 5.1527 |
| Camarilla | 5.0914 | 5.0944 | 5.0975 | 5.1005 | 5.1035 | 5.1066 | 5.1096 |
| Woodie | 5.0507 | 5.0709 | 5.0839 | 5.1041 | 5.1171 | 5.1373 | 5.1503 |
| Fibonacci | 5.0720 | 5.0847 | 5.0926 | 5.1052 | 5.1179 | 5.1258 | 5.1384 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.9250 | 4.9847 | 5.0409 | 5.1006 | 5.1568 | 5.2165 | 5.2727 |
| Camarilla | 5.0652 | 5.0759 | 5.0865 | 5.0971 | 5.1077 | 5.1184 | 5.1290 |
| Woodie | 4.9233 | 4.9838 | 5.0392 | 5.0997 | 5.1551 | 5.2156 | 5.2710 |
| Fibonacci | 4.9847 | 5.0290 | 5.0563 | 5.1006 | 5.1449 | 5.1722 | 5.2165 |
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): | 46.06 | |
| MACD (12,26,9): | -0.0013 | |
| Directional Movement: | -4.9573 | |
| AROON (14): | -7.1429 | |
| DEMA (21): | 5.1007 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.1077 | |
| Elder Ray (13): | -0.0012 | |
| Super Trend (3,10): | 5.1146 | |
| Zig ZAG (10): | 5.1002 | |
| VORTEX (21): | 0.9486 | |
| Stochastique (14,3,5): | 33.80 | |
| TEMA (21): | 5.1002 | |
| Williams %R (14): | -70.69 | |
| Chande Momentum Oscillator (20): | -0.0002 | |
| Repulse (5,40,3): | -0.0393 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0036 | |
| Courbe Coppock: | 0.20 |
| MA7: | 5.1025 | |
| MA20: | 5.0960 | |
| MA50: | 5.0651 | |
| MA100: | 5.1028 | |
| MAexp7: | 5.1011 | |
| MAexp20: | 5.1025 | |
| MAexp50: | 5.1046 | |
| MAexp100: | 5.1052 | |
| Price / MA7: | -0.05% | |
| Price / MA20: | +0.07% | |
| Price / MA50: | +0.68% | |
| Price / MA100: | -0.06% | |
| Price / MAexp7: | -0.03% | |
| Price / MAexp20: | -0.05% | |
| Price / MAexp50: | -0.10% | |
| Price / MAexp100: | -0.11% |
Quotes :
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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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