CAD/DKK - 1H - Technical analysis published on 01/13/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Bearish
De fond:
Strongly bearish
Technical indicators
33%
44%
22%
My opinion
Bearish under 5.1545 DKK
My targets
5.1377 DKK (-0.0095)
5.1306 DKK (-0.0166)
My analysis
All elements being clearly 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 5.1545 DKK. The next bearish objective for sellers is set at 5.1377 DKK. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 5.1306 DKK. If there is any crossing, the next objective would be the support located at 5.1108 DKK. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
FORCE
0
10
5.7
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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 rating is 5.1472 DKK. The price is lower by -0.04% since the last closing and was between 5.1410 DKK and 5.1515 DKK. This implies that the price is at +0.12% from its lowest and at -0.08% from its highest.5.1410
5.1515
5.1472
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum 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:
Technical
Technical analysis of CAD/DKK in 1H shows a overall strongly bearish trend. 85.71% of the signals given by moving averages are bearish. The slightly bearish signals from short-term moving averages show that the overall trend is slowing down. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
RSI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
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
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 | 5.1306 | 5.1377 | 5.1462 | 5.1472 | 5.1545 | 5.1617 | 5.1726 |
| Change (%) | -0.32% | -0.18% | -0.02% | - | +0.14% | +0.28% | +0.49% |
| Change | -0.0166 | -0.0095 | -0.0010 | - | +0.0073 | +0.0145 | +0.0254 |
| Level | Minor | Major | Intermediate | - | Intermediate | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.1146 | 5.1292 | 5.1392 | 5.1538 | 5.1638 | 5.1784 | 5.1884 |
| Camarilla | 5.1424 | 5.1447 | 5.1470 | 5.1492 | 5.1515 | 5.1537 | 5.1560 |
| Woodie | 5.1123 | 5.1281 | 5.1369 | 5.1527 | 5.1615 | 5.1773 | 5.1861 |
| Fibonacci | 5.1292 | 5.1386 | 5.1444 | 5.1538 | 5.1632 | 5.1690 | 5.1784 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.1043 | 5.1209 | 5.1351 | 5.1517 | 5.1659 | 5.1825 | 5.1967 |
| Camarilla | 5.1407 | 5.1436 | 5.1464 | 5.1492 | 5.1520 | 5.1549 | 5.1577 |
| Woodie | 5.1030 | 5.1203 | 5.1338 | 5.1511 | 5.1646 | 5.1819 | 5.1954 |
| Fibonacci | 5.1209 | 5.1327 | 5.1400 | 5.1517 | 5.1635 | 5.1708 | 5.1825 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.0073 | 5.0349 | 5.0826 | 5.1102 | 5.1579 | 5.1855 | 5.2332 |
| Camarilla | 5.1096 | 5.1165 | 5.1234 | 5.1303 | 5.1372 | 5.1441 | 5.1510 |
| Woodie | 5.0174 | 5.0399 | 5.0927 | 5.1152 | 5.1680 | 5.1905 | 5.2433 |
| Fibonacci | 5.0349 | 5.0637 | 5.0814 | 5.1102 | 5.1390 | 5.1567 | 5.1855 |
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): | 45.48 | |
| MACD (12,26,9): | -0.0017 | |
| Directional Movement: | -6.2581 | |
| AROON (14): | -85.7143 | |
| DEMA (21): | 5.1453 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.1481 | |
| Elder Ray (13): | -0.0027 | |
| Super Trend (3,10): | 5.1552 | |
| Zig ZAG (10): | 5.1463 | |
| VORTEX (21): | 0.8723 | |
| Stochastique (14,3,5): | 22.71 | |
| TEMA (21): | 5.1445 | |
| Williams %R (14): | -59.05 | |
| Chande Momentum Oscillator (20): | -0.0044 | |
| Repulse (5,40,3): | 0.0182 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0042 | |
| Courbe Coppock: | 0.14 |
| MA7: | 5.1510 | |
| MA20: | 5.1321 | |
| MA50: | 5.1151 | |
| MA100: | 5.1152 | |
| MAexp7: | 5.1458 | |
| MAexp20: | 5.1474 | |
| MAexp50: | 5.1497 | |
| MAexp100: | 5.1504 | |
| Price / MA7: | -0.07% | |
| Price / MA20: | +0.29% | |
| Price / MA50: | +0.63% | |
| Price / MA100: | +0.63% | |
| Price / MAexp7: | +0.03% | |
| Price / MAexp20: | +0.00% | |
| Price / MAexp50: | -0.05% | |
| Price / MAexp100: | -0.06% |
This member declared not having a position on this financial instrument or a related financial instrument.
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