CAD/DKK - 1H - Technical analysis published on 11/25/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Bullish
Technical indicators
11%
39%
50%
My opinion
Bullish above 5.0852 DKK
My targets
5.1003 DKK (+0.03%)
5.1112 DKK (+0.24%)
My analysis
A bullish trend on CAD/DKK both in substance and in the short term. A purchase could be considered as long as the price remains above 5.0852 DKK. Each resistance break is a strong signal that the current trend will continue. The first bullish objective would be 5.1003 DKK. Then the price could move towards 5.1112 DKK. Then 5.1273 DKK by extension. Be careful, a return below 5.0852 DKK would be a sign of the trend weakening and a possible correction phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend could be riskier.
Technical indicators are opposing the general bullish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
FORCE
0
10
3
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CAD/DKK price is 5.0990 DKK. On the day, this instrument gained +0.01% and was traded between 5.0956 DKK and 5.1043 DKK over the period. The price is currently at +0.07% from its lowest and -0.10% from its highest.5.0956
5.1043
5.0990
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
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 (1st january)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this CAD/DKK chart shows a bullish trend. 75% of the signals given by moving averages are bullish. The overall trend seems to be showing some signs of weakness, as do the tentative bullish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
In fact, only 7 technical indicators out of 18 studied are currently positioned bearish. Other results related to technical indicators were also found by the Central Indicators scanner:
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : 1 hour
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 5.0716 | 5.0794 | 5.0852 | 5.0990 | 5.1003 | 5.1112 | 5.1273 |
| Change (%) | -0.54% | -0.38% | -0.27% | - | +0.03% | +0.24% | +0.56% |
| Change | -0.0274 | -0.0196 | -0.0138 | - | +0.0013 | +0.0122 | +0.0283 |
| Level | Minor | Major | Major | - | Minor | Intermediate | Intermediate |
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 | 5.0612 | 5.0703 | 5.0845 | 5.0936 | 5.1078 | 5.1169 | 5.1311 |
| Camarilla | 5.0923 | 5.0944 | 5.0966 | 5.0987 | 5.1008 | 5.1030 | 5.1051 |
| Woodie | 5.0638 | 5.0716 | 5.0871 | 5.0949 | 5.1104 | 5.1182 | 5.1337 |
| Fibonacci | 5.0703 | 5.0792 | 5.0847 | 5.0936 | 5.1025 | 5.1080 | 5.1169 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.0090 | 5.0340 | 5.0663 | 5.0913 | 5.1236 | 5.1486 | 5.1809 |
| Camarilla | 5.0829 | 5.0882 | 5.0935 | 5.0987 | 5.1040 | 5.1092 | 5.1145 |
| Woodie | 5.0128 | 5.0358 | 5.0701 | 5.0931 | 5.1274 | 5.1504 | 5.1847 |
| Fibonacci | 5.0340 | 5.0559 | 5.0694 | 5.0913 | 5.1132 | 5.1267 | 5.1486 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.9425 | 5.0085 | 5.0470 | 5.1130 | 5.1515 | 5.2175 | 5.2560 |
| Camarilla | 5.0567 | 5.0662 | 5.0758 | 5.0854 | 5.0950 | 5.1046 | 5.1141 |
| Woodie | 4.9287 | 5.0016 | 5.0332 | 5.1061 | 5.1377 | 5.2106 | 5.2422 |
| Fibonacci | 5.0085 | 5.0485 | 5.0731 | 5.1130 | 5.1530 | 5.1776 | 5.2175 |
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): | 53.44 | |
| MACD (12,26,9): | 0.0022 | |
| Directional Movement: | 5.7212 | |
| AROON (14): | 14.2857 | |
| DEMA (21): | 5.1016 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.1042 | |
| Elder Ray (13): | 0.0002 | |
| Super Trend (3,10): | 5.0902 | |
| Zig ZAG (10): | 5.0983 | |
| VORTEX (21): | 1.0333 | |
| Stochastique (14,3,5): | 40.61 | |
| TEMA (21): | 5.1005 | |
| Williams %R (14): | -77.01 | |
| Chande Momentum Oscillator (20): | -0.0010 | |
| Repulse (5,40,3): | -0.0852 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0084 | |
| Courbe Coppock: | 0.01 |
| MA7: | 5.0940 | |
| MA20: | 5.1078 | |
| MA50: | 5.1173 | |
| MA100: | 5.0977 | |
| MAexp7: | 5.0994 | |
| MAexp20: | 5.0983 | |
| MAexp50: | 5.0933 | |
| MAexp100: | 5.0927 | |
| Price / MA7: | +0.10% | |
| Price / MA20: | -0.17% | |
| Price / MA50: | -0.36% | |
| Price / MA100: | +0.03% | |
| Price / MAexp7: | -0.01% | |
| Price / MAexp20: | +0.01% | |
| Price / MAexp50: | +0.11% | |
| Price / MAexp100: | +0.12% |
This member declared not having a position on this financial instrument or a related financial instrument.
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