CAD/DKK - 1H - Technical analysis published on 10/21/2024 (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 : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Bearish
Technical indicators
50%
17%
33%
My opinion
Bearish under 4.9924 DKK
My targets
4.9683 DKK (-0.0068)
4.9528 DKK (-0.0223)
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 4.9924 DKK. The next bearish objective for sellers is set at 4.9683 DKK. A bearish break of this support would revive the bearish momentum. Sellers could then target the next support located at 4.9528 DKK. If there is any crossing, the next objective would be the support located at 4.9463 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 in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
2.1
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Additional analysis
Quotes
CAD/DKK rating 4.9751 DKK. The price registered a decrease of -0.02% on the session and was between 4.9698 DKK and 4.9777 DKK. This implies that the price is at +0.11% from its lowest and at -0.05% from its highest.4.9698
4.9777
4.9751
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by CAD/DKK:
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 this 1H chart of CAD/DKK indicates that the overall trend is bearish. The signals given by moving averages are at 67.86% bearish. This bearish trend shows slight signs of slowing down given the slightly bearish signals of short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, according to the parameters integrated into the Central Analyzer system, only 9 technical indicators out of 18 analysed are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
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 support of channel
Type : Bullish
Timeframe : 1 hour
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 | 4.9463 | 4.9528 | 4.9683 | 4.9751 | 4.9784 | 4.9924 | 4.9973 |
| Change (%) | -0.58% | -0.45% | -0.14% | - | +0.07% | +0.35% | +0.45% |
| Change | -0.0288 | -0.0223 | -0.0068 | - | +0.0033 | +0.0173 | +0.0222 |
| Level | Intermediate | Minor | Intermediate | - | Intermediate | Intermediate | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.9421 | 4.9558 | 4.9659 | 4.9796 | 4.9897 | 5.0034 | 5.0135 |
| Camarilla | 4.9694 | 4.9715 | 4.9737 | 4.9759 | 4.9781 | 4.9803 | 4.9825 |
| Woodie | 4.9402 | 4.9549 | 4.9640 | 4.9787 | 4.9878 | 5.0025 | 5.0116 |
| Fibonacci | 4.9558 | 4.9649 | 4.9705 | 4.9796 | 4.9887 | 4.9943 | 5.0034 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.8801 | 4.9112 | 4.9436 | 4.9747 | 5.0071 | 5.0382 | 5.0706 |
| Camarilla | 4.9584 | 4.9643 | 4.9701 | 4.9759 | 4.9817 | 4.9875 | 4.9934 |
| Woodie | 4.8807 | 4.9115 | 4.9442 | 4.9750 | 5.0077 | 5.0385 | 5.0712 |
| Fibonacci | 4.9112 | 4.9355 | 4.9505 | 4.9747 | 4.9990 | 5.0140 | 5.0382 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.8201 | 4.8697 | 4.9093 | 4.9589 | 4.9985 | 5.0481 | 5.0877 |
| Camarilla | 4.9244 | 4.9326 | 4.9407 | 4.9489 | 4.9571 | 4.9653 | 4.9734 |
| Woodie | 4.8151 | 4.8672 | 4.9043 | 4.9564 | 4.9935 | 5.0456 | 5.0827 |
| Fibonacci | 4.8697 | 4.9038 | 4.9248 | 4.9589 | 4.9930 | 5.0140 | 5.0481 |
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): | 44.58 | |
| MACD (12,26,9): | -0.0025 | |
| Directional Movement: | -0.1899 | |
| AROON (14): | 7.1428 | |
| DEMA (21): | 4.9714 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.9700 | |
| Elder Ray (13): | 0.0014 | |
| Super Trend (3,10): | 4.9808 | |
| Zig ZAG (10): | 4.9742 | |
| VORTEX (21): | 0.9451 | |
| Stochastique (14,3,5): | 60.49 | |
| TEMA (21): | 4.9713 | |
| Williams %R (14): | -44.44 | |
| Chande Momentum Oscillator (20): | -0.0012 | |
| Repulse (5,40,3): | 0.0039 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0106 | |
| Courbe Coppock: | 0.07 |
| MA7: | 4.9746 | |
| MA20: | 4.9746 | |
| MA50: | 4.9642 | |
| MA100: | 4.9940 | |
| MAexp7: | 4.9736 | |
| MAexp20: | 4.9752 | |
| MAexp50: | 4.9789 | |
| MAexp100: | 4.9783 | |
| Price / MA7: | +0.01% | |
| Price / MA20: | +0.01% | |
| Price / MA50: | +0.22% | |
| Price / MA100: | -0.38% | |
| Price / MAexp7: | +0.03% | |
| Price / MAexp20: | +0.00% | |
| Price / MAexp50: | -0.08% | |
| Price / MAexp100: | -0.06% |
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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