CHF/DKK - 1H - Technical analysis published on 05/06/2020 (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:
Bullish
De fond:
Strongly bullish
Technical indicators
67%
6%
28%
My opinion
Bullish above 7.0706 DKK
My targets
7.0932 DKK (+0.0101)
7.1570 DKK (+0.0739)
My analysis
The basic bullish trend is very strong on CHF/DKK but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 7.0706 DKK. Crossing the first resistance at 7.0932 DKK would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 7.1570 DKK as an objective. Crossing it would then enable buyers to target 7.2581 DKK. Caution, a return to below 7.0706 DKK would be a sign of a consolidation phase in the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
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
The CHF/DKK price is 7.0831 DKK. The price has increased by +0.07% since the last closing and was traded between 7.0741 DKK and 7.0872 DKK over the period. The price is currently at +0.13% from its lowest and -0.06% from its highest.7.0741
7.0872
7.0831
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 (5 years)
Type : Bullish
Timeframe : Weekly
The Central Volumes scanner notes the presence of abnormal volumes:
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this 1H chart of CHF/DKK indicates that the overall trend is strongly bullish. 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 adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 50
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. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 7.0641 | 7.0706 | 7.0790 | 7.0831 | 7.0880 | 7.0932 | 7.2581 |
| Change (%) | -0.27% | -0.18% | -0.06% | - | +0.07% | +0.14% | +2.47% |
| Change | -0.0190 | -0.0125 | -0.0041 | - | +0.0049 | +0.0101 | +0.1750 |
| Level | Major | Intermediate | Minor | - | Minor | Major | 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 | 7.0407 | 7.0549 | 7.0665 | 7.0807 | 7.0923 | 7.1065 | 7.1181 |
| Camarilla | 7.0711 | 7.0735 | 7.0758 | 7.0782 | 7.0806 | 7.0829 | 7.0853 |
| Woodie | 7.0395 | 7.0543 | 7.0653 | 7.0801 | 7.0911 | 7.1059 | 7.1169 |
| Fibonacci | 7.0549 | 7.0647 | 7.0708 | 7.0807 | 7.0905 | 7.0966 | 7.1065 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.9725 | 6.9996 | 7.0340 | 7.0611 | 7.0955 | 7.1226 | 7.1570 |
| Camarilla | 7.0514 | 7.0570 | 7.0627 | 7.0683 | 7.0739 | 7.0796 | 7.0852 |
| Woodie | 6.9761 | 7.0014 | 7.0376 | 7.0629 | 7.0991 | 7.1244 | 7.1606 |
| Fibonacci | 6.9996 | 7.0231 | 7.0376 | 7.0611 | 7.0846 | 7.0991 | 7.1226 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.9457 | 6.9862 | 7.0199 | 7.0604 | 7.0941 | 7.1346 | 7.1683 |
| Camarilla | 7.0331 | 7.0399 | 7.0467 | 7.0535 | 7.0603 | 7.0671 | 7.0739 |
| Woodie | 6.9422 | 6.9845 | 7.0164 | 7.0587 | 7.0906 | 7.1329 | 7.1648 |
| Fibonacci | 6.9862 | 7.0146 | 7.0321 | 7.0604 | 7.0888 | 7.1063 | 7.1346 |
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): | 56.97 | |
| MACD (12,26,9): | -0.0006 | |
| Directional Movement: | -1.0497 | |
| AROON (14): | 64.2857 | |
| DEMA (21): | 7.0798 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.0698 | |
| Elder Ray (13): | 0.0038 | |
| Super Trend (3,10): | 7.0740 | |
| Zig ZAG (10): | 7.0863 | |
| VORTEX (21): | 0.9653 | |
| Stochastique (14,3,5): | 77.36 | |
| TEMA (21): | 7.0788 | |
| Williams %R (14): | -12.09 | |
| Chande Momentum Oscillator (20): | 0.0099 | |
| Repulse (5,40,3): | 0.0660 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0024 | |
| Courbe Coppock: | 0.01 |
| MA7: | 7.0682 | |
| MA20: | 7.0765 | |
| MA50: | 7.0610 | |
| MA100: | 7.0080 | |
| MAexp7: | 7.0802 | |
| MAexp20: | 7.0800 | |
| MAexp50: | 7.0790 | |
| MAexp100: | 7.0749 | |
| Price / MA7: | +0.21% | |
| Price / MA20: | +0.09% | |
| Price / MA50: | +0.31% | |
| Price / MA100: | +1.07% | |
| Price / MAexp7: | +0.04% | |
| Price / MAexp20: | +0.04% | |
| Price / MAexp50: | +0.06% | |
| Price / MAexp100: | +0.12% |
This member declared not having a position on this financial instrument or a related financial instrument.
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