CAD/DKK - 1H - Technical analysis published on 06/04/2025 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
44%
22%
33%
My opinion
Bullish above 4.7672 DKK
My targets
4.7819 DKK (+0.0064)
4.7893 DKK (+0.0138)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on CAD/DKK. As long as you are above the support located at 4.7672 DKK, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 4.7819 DKK would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 4.7893 DKK as an objective. Crossing it would then enable buyers to target 4.7935 DKK. If the support 4.7672 DKK were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
4.6
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Additional analysis
Quotes
The CAD/DKK price is 4.7755 DKK. The price registered a decrease of -0.02% on the session and was between 4.7677 DKK and 4.7839 DKK. This implies that the price is at +0.16% from its lowest and at -0.18% from its highest.4.7677
4.7839
4.7755
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by CAD/DKK:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of CAD/DKK in 1H shows an overall bullish trend. 78.57% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : 1 hour
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
The Central Indicators scanner found this result concerning these indicators:
Price is back over the pivot point (Weekly)
Type : Bullish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
The presence of these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:
Black hanging man / hammer
Type : Neutral
Timeframe : 1 hour
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4.7562 | 4.7672 | 4.7724 | 4.7755 | 4.7819 | 4.7893 | 4.7935 |
| Change (%) | -0.40% | -0.17% | -0.06% | - | +0.13% | +0.29% | +0.38% |
| Change | -0.0193 | -0.0083 | -0.0031 | - | +0.0064 | +0.0138 | +0.0180 |
| Level | Major | Minor | Minor | - | Major | 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 | 4.7215 | 4.7352 | 4.7559 | 4.7696 | 4.7903 | 4.8040 | 4.8247 |
| Camarilla | 4.7671 | 4.7703 | 4.7735 | 4.7766 | 4.7798 | 4.7829 | 4.7861 |
| Woodie | 4.7250 | 4.7370 | 4.7594 | 4.7714 | 4.7938 | 4.8058 | 4.8282 |
| Fibonacci | 4.7352 | 4.7483 | 4.7565 | 4.7696 | 4.7827 | 4.7909 | 4.8040 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.6973 | 4.7209 | 4.7527 | 4.7763 | 4.8081 | 4.8317 | 4.8635 |
| Camarilla | 4.7694 | 4.7744 | 4.7795 | 4.7846 | 4.7897 | 4.7948 | 4.7998 |
| Woodie | 4.7015 | 4.7230 | 4.7569 | 4.7784 | 4.8123 | 4.8338 | 4.8677 |
| Fibonacci | 4.7209 | 4.7420 | 4.7551 | 4.7763 | 4.7974 | 4.8105 | 4.8317 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.6532 | 4.6927 | 4.7386 | 4.7781 | 4.8240 | 4.8635 | 4.9094 |
| Camarilla | 4.7611 | 4.7689 | 4.7768 | 4.7846 | 4.7924 | 4.8003 | 4.8081 |
| Woodie | 4.6565 | 4.6943 | 4.7419 | 4.7797 | 4.8273 | 4.8651 | 4.9127 |
| Fibonacci | 4.6927 | 4.7253 | 4.7454 | 4.7781 | 4.8107 | 4.8308 | 4.8635 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 52.46 | |
| MACD (12,26,9): | 0.0010 | |
| Directional Movement: | 0.6391 | |
| AROON (14): | -64.2857 | |
| DEMA (21): | 4.7779 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.7677 | |
| Elder Ray (13): | 0.0020 | |
| Super Trend (3,10): | 4.7686 | |
| Zig ZAG (10): | 4.7767 | |
| VORTEX (21): | 0.9905 | |
| Stochastique (14,3,5): | 65.56 | |
| TEMA (21): | 4.7771 | |
| Williams %R (14): | -40.52 | |
| Chande Momentum Oscillator (20): | 0.0041 | |
| Repulse (5,40,3): | -0.0254 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0040 | |
| Courbe Coppock: | 0.07 |
| MA7: | 4.7708 | |
| MA20: | 4.7718 | |
| MA50: | 4.7693 | |
| MA100: | 4.8494 | |
| MAexp7: | 4.7773 | |
| MAexp20: | 4.7763 | |
| MAexp50: | 4.7737 | |
| MAexp100: | 4.7716 | |
| Price / MA7: | +0.10% | |
| Price / MA20: | +0.08% | |
| Price / MA50: | +0.13% | |
| Price / MA100: | -1.52% | |
| Price / MAexp7: | -0.04% | |
| Price / MAexp20: | -0.02% | |
| Price / MAexp50: | +0.04% | |
| Price / MAexp100: | +0.08% |
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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