CAD/DKK - 1H - Technical analysis published on 05/22/2024 (GMT)
- 74
- 0
- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Slightly bearish
Technical indicators
56%
6%
39%
My opinion
Neutral between 5.0297 DKK and 5.0499 DKK
My targets
-
My analysis
The neutral short-term trend shows a weakening of the basic, slightly bearish trend on CAD/DKK. It is difficult to advise a trading direction under these conditions. The first support is located at 5.0297 DKK. The first resistance is located at 5.0499 DKK. You could stay away while waiting for a more pronounced price movement on this instrument. A new analysis could then be produced that would give clearer signals.
In the very short term, despite the neutral opinion of this analysis, technical indicators are bullish and could soon allow change to a bullish sentiment.
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 5.0388 DKK. The price is lower by -0.01% since the last closing and was between 5.0310 DKK and 5.0447 DKK. This implies that the price is at +0.16% from its lowest and at -0.12% from its highest.5.0310
5.0447
5.0388
A study of price movements over other periods shows the following variations:
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
A technical analysis in 1H of this CAD/DKK chart shows a slightly bearish trend. 60.71% of the signals given by moving averages are bearish. As the signals currently given by short-term moving averages are rather neutral, the slightly bearish trend could return to neutral. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
In fact, 10 technical indicators on 18 studied are currently positioned bullish. The Central Indicators scanner found no further results concerning independent technical indicators.
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Bullish doji star
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4.9626 | 5.0297 | 5.0366 | 5.0388 | 5.0499 | 5.0550 | 5.0596 |
| Change (%) | -1.51% | -0.18% | -0.04% | - | +0.22% | +0.32% | +0.41% |
| Change | -0.0762 | -0.0091 | -0.0022 | - | +0.0111 | +0.0162 | +0.0208 |
| Level | Intermediate | Minor | Intermediate | - | Major | Minor | Major |
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 | 5.0156 | 5.0227 | 5.0310 | 5.0381 | 5.0464 | 5.0535 | 5.0618 |
| Camarilla | 5.0352 | 5.0366 | 5.0380 | 5.0394 | 5.0408 | 5.0422 | 5.0436 |
| Woodie | 5.0163 | 5.0230 | 5.0317 | 5.0384 | 5.0471 | 5.0538 | 5.0625 |
| Fibonacci | 5.0227 | 5.0286 | 5.0322 | 5.0381 | 5.0440 | 5.0476 | 5.0535 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.9912 | 5.0125 | 5.0276 | 5.0489 | 5.0640 | 5.0853 | 5.1004 |
| Camarilla | 5.0328 | 5.0361 | 5.0395 | 5.0428 | 5.0461 | 5.0495 | 5.0528 |
| Woodie | 4.9882 | 5.0110 | 5.0246 | 5.0474 | 5.0610 | 5.0838 | 5.0974 |
| Fibonacci | 5.0125 | 5.0264 | 5.0350 | 5.0489 | 5.0628 | 5.0714 | 5.0853 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.9669 | 5.0094 | 5.0424 | 5.0849 | 5.1179 | 5.1604 | 5.1934 |
| Camarilla | 5.0545 | 5.0615 | 5.0684 | 5.0753 | 5.0822 | 5.0891 | 5.0961 |
| Woodie | 4.9621 | 5.0070 | 5.0376 | 5.0825 | 5.1131 | 5.1580 | 5.1886 |
| Fibonacci | 5.0094 | 5.0383 | 5.0561 | 5.0849 | 5.1138 | 5.1316 | 5.1604 |
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): | 51.64 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | 10.0179 | |
| AROON (14): | 28.5714 | |
| DEMA (21): | 5.0377 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.0318 | |
| Elder Ray (13): | 0.0010 | |
| Super Trend (3,10): | 5.0426 | |
| Zig ZAG (10): | 5.0385 | |
| VORTEX (21): | 1.0334 | |
| Stochastique (14,3,5): | 71.24 | |
| TEMA (21): | 5.0385 | |
| Williams %R (14): | -40.15 | |
| Chande Momentum Oscillator (20): | 0.0002 | |
| Repulse (5,40,3): | -0.0068 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0012 | |
| Courbe Coppock: | 0.01 |
| MA7: | 5.0424 | |
| MA20: | 5.0618 | |
| MA50: | 5.0735 | |
| MA100: | 5.0856 | |
| MAexp7: | 5.0382 | |
| MAexp20: | 5.0380 | |
| MAexp50: | 5.0389 | |
| MAexp100: | 5.0410 | |
| Price / MA7: | -0.07% | |
| Price / MA20: | -0.45% | |
| Price / MA50: | -0.68% | |
| Price / MA100: | -0.92% | |
| Price / MAexp7: | +0.01% | |
| Price / MAexp20: | +0.02% | |
| Price / MAexp50: | +0.00% | |
| Price / MAexp100: | -0.04% |
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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