CAD/DKK - 1H - Technical analysis published on 08/01/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
33%
39%
28%
My opinion
Bullish above 4.9881 DKK
My targets
5.0016 DKK (+0.0085)
5.0107 DKK (+0.0176)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 4.9881 DKK remains possible. It is advisable to trade CAD/DKK with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 4.9881 DKK. The next bullish objective for buyers is set at 5.0016 DKK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 5.0107 DKK. If there is any crossing, the next objective would be the resistance located at 5.0659 DKK. PS: if there is a bearish break in the support located at 4.9881 DKK we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
3
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Additional analysis
Quotes
The CAD/DKK price is 4.9931 DKK. The price has increased by +0.00% since the last closing and was between 4.9880 DKK and 5.0088 DKK. This implies that the price is at +0.10% from its lowest and at -0.31% from its highest.4.9880
5.0088
4.9931
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
A technical analysis in 1H of this CAD/DKK chart shows a bullish trend. 75.00% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
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:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4.9755 | 4.9828 | 4.9881 | 4.9931 | 4.9968 | 5.0016 | 5.0107 |
| Change (%) | -0.35% | -0.21% | -0.10% | - | +0.07% | +0.17% | +0.35% |
| Change | -0.0176 | -0.0103 | -0.0050 | - | +0.0037 | +0.0085 | +0.0176 |
| Level | Major | Minor | Minor | - | Minor | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.9527 | 4.9641 | 4.9787 | 4.9901 | 5.0047 | 5.0161 | 5.0307 |
| Camarilla | 4.9861 | 4.9884 | 4.9908 | 4.9932 | 4.9956 | 4.9980 | 5.0004 |
| Woodie | 4.9542 | 4.9649 | 4.9802 | 4.9909 | 5.0062 | 5.0169 | 5.0322 |
| Fibonacci | 4.9641 | 4.9741 | 4.9802 | 4.9901 | 5.0001 | 5.0062 | 5.0161 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.9162 | 4.9396 | 4.9533 | 4.9767 | 4.9904 | 5.0138 | 5.0275 |
| Camarilla | 4.9568 | 4.9602 | 4.9636 | 4.9670 | 4.9704 | 4.9738 | 4.9772 |
| Woodie | 4.9114 | 4.9372 | 4.9485 | 4.9743 | 4.9856 | 5.0114 | 5.0227 |
| Fibonacci | 4.9396 | 4.9538 | 4.9625 | 4.9767 | 4.9909 | 4.9996 | 5.0138 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.8219 | 4.8925 | 4.9428 | 5.0134 | 5.0637 | 5.1343 | 5.1846 |
| Camarilla | 4.9600 | 4.9710 | 4.9821 | 4.9932 | 5.0043 | 5.0154 | 5.0265 |
| Woodie | 4.8119 | 4.8874 | 4.9328 | 5.0083 | 5.0537 | 5.1292 | 5.1746 |
| Fibonacci | 4.8925 | 4.9387 | 4.9672 | 5.0134 | 5.0596 | 5.0881 | 5.1343 |
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): | 49.93 | |
| MACD (12,26,9): | 0.0027 | |
| Directional Movement: | 1.5229 | |
| AROON (14): | 78.5714 | |
| DEMA (21): | 5.0003 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.0082 | |
| Elder Ray (13): | -0.0031 | |
| Super Trend (3,10): | 4.9891 | |
| Zig ZAG (10): | 4.9943 | |
| VORTEX (21): | 1.0205 | |
| Stochastique (14,3,5): | 35.62 | |
| TEMA (21): | 5.0002 | |
| Williams %R (14): | -70.65 | |
| Chande Momentum Oscillator (20): | 0.0022 | |
| Repulse (5,40,3): | -0.1218 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0101 | |
| Courbe Coppock: | 0.29 |
| MA7: | 4.9825 | |
| MA20: | 5.0047 | |
| MA50: | 5.0347 | |
| MA100: | 5.0537 | |
| MAexp7: | 4.9979 | |
| MAexp20: | 4.9964 | |
| MAexp50: | 4.9910 | |
| MAexp100: | 4.9867 | |
| Price / MA7: | +0.21% | |
| Price / MA20: | -0.23% | |
| Price / MA50: | -0.83% | |
| Price / MA100: | -1.20% | |
| Price / MAexp7: | -0.10% | |
| Price / MAexp20: | -0.07% | |
| Price / MAexp50: | +0.04% | |
| Price / MAexp100: | +0.13% |
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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