CHF/DKK - 1H - Technical analysis published on 04/17/2020 (GMT)
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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
Court terme:
Bullish
De fond:
Strongly bullish
Technical indicators
67%
6%
28%
My opinion
Bullish above 7.0778 DKK
My targets
7.1010 DKK (+0.0076)
7.1105 DKK (+0.0171)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on CHF/DKK as long as the price remains well above 7.0778 DKK. The buyers” bullish objective is set at 7.1010 DKK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 7.1105 DKK. If there is any crossing, the next objective would be the resistance located at 7.2581 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 overbought items that could be a sign of a possible short-term correction.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
FORCE
0
10
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
CHF/DKK rating 7.0934 DKK. The price has increased by +0.05% since the last closing with the lowest point at 7.0842 DKK and the highest point at 7.0983 DKK. The deviation from the price is +0.13% for the low point and -0.07% for the high point.7.0842
7.0983
7.0934
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
The Central Volumes scanner detects abnormal volumes on the asset:
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of CHF/DKK in 1H shows a strongly overall bullish trend. The signals given by moving averages are 85.71% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, 12 technical indicators out of 18 analysed are currently bullish. Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
Ichimoku : price is over the cloud
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Support of triangle is broken
Type : Bearish
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 | 7.0734 | 7.0778 | 7.0886 | 7.0934 | 7.1010 | 7.2581 | 7.5559 |
| Change (%) | -0.28% | -0.22% | -0.07% | - | +0.11% | +2.32% | +6.52% |
| Change | -0.0200 | -0.0156 | -0.0048 | - | +0.0076 | +0.1647 | +0.4625 |
| Level | Minor | Intermediate | Minor | - | Intermediate | Minor | 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 | 7.0670 | 7.0760 | 7.0830 | 7.0920 | 7.0990 | 7.1080 | 7.1150 |
| Camarilla | 7.0856 | 7.0871 | 7.0885 | 7.0900 | 7.0915 | 7.0929 | 7.0944 |
| Woodie | 7.0660 | 7.0755 | 7.0820 | 7.0915 | 7.0980 | 7.1075 | 7.1140 |
| Fibonacci | 7.0760 | 7.0821 | 7.0859 | 7.0920 | 7.0981 | 7.1019 | 7.1080 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.0169 | 7.0322 | 7.0481 | 7.0634 | 7.0793 | 7.0946 | 7.1105 |
| Camarilla | 7.0555 | 7.0584 | 7.0612 | 7.0641 | 7.0670 | 7.0698 | 7.0727 |
| Woodie | 7.0173 | 7.0324 | 7.0485 | 7.0636 | 7.0797 | 7.0948 | 7.1109 |
| Fibonacci | 7.0322 | 7.0441 | 7.0515 | 7.0634 | 7.0753 | 7.0827 | 7.0946 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.8440 | 6.9104 | 6.9763 | 7.0427 | 7.1086 | 7.1750 | 7.2409 |
| Camarilla | 7.0057 | 7.0179 | 7.0300 | 7.0421 | 7.0542 | 7.0664 | 7.0785 |
| Woodie | 6.8437 | 6.9103 | 6.9760 | 7.0426 | 7.1083 | 7.1749 | 7.2406 |
| Fibonacci | 6.9104 | 6.9610 | 6.9922 | 7.0427 | 7.0933 | 7.1245 | 7.1750 |
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): | 52.80 | |
| MACD (12,26,9): | 0.0003 | |
| Directional Movement: | -2.8553 | |
| AROON (14): | 71.4285 | |
| DEMA (21): | 7.0934 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.0895 | |
| Elder Ray (13): | 0.0004 | |
| Super Trend (3,10): | 7.1015 | |
| Zig ZAG (10): | 7.0930 | |
| VORTEX (21): | 0.9466 | |
| Stochastique (14,3,5): | 58.87 | |
| TEMA (21): | 7.0926 | |
| Williams %R (14): | -34.75 | |
| Chande Momentum Oscillator (20): | 0.0059 | |
| Repulse (5,40,3): | -0.0079 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0003 | |
| Courbe Coppock: | 0.12 |
| MA7: | 7.0791 | |
| MA20: | 7.0629 | |
| MA50: | 7.0487 | |
| MA100: | 6.9756 | |
| MAexp7: | 7.0931 | |
| MAexp20: | 7.0928 | |
| MAexp50: | 7.0907 | |
| MAexp100: | 7.0859 | |
| Price / MA7: | +0.20% | |
| Price / MA20: | +0.43% | |
| Price / MA50: | +0.63% | |
| Price / MA100: | +1.69% | |
| Price / MAexp7: | +0.01% | |
| Price / MAexp20: | +0.02% | |
| Price / MAexp50: | +0.05% | |
| Price / MAexp100: | +0.11% |
This member declared not having a position on this financial instrument or a related financial instrument.
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