CHF/DKK
CHF DKK
- DKK (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: CHFDKK
ISIN:

CHF/DKK - 1H - Technical analysis published on 06/11/2020 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 6.9384 DKK
My targets
6.9873 DKK (+0.0248)
7.0399 DKK (+0.0774)
My analysis
The bullish trend is currently very strong on CHF/DKK. As long as the price remains above the support at 6.9384 DKK, you could try to benefit from the boom. The first bullish objective is located at 6.9873 DKK. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 7.0399 DKK as an objective. Crossing it would then enable buyers to target 7.0965 DKK. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
8.9

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The CHF/DKK price is 6.9625 DKK. The price has increased by +0.19% since the last closing and was traded between 6.9347 DKK and 6.9722 DKK over the period. The price is currently at +0.40% from its lowest and -0.14% from its highest.

6.9347
6.9722
6.9625

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by CHF/DKK:
The study of the highest / lowest by the Central Records scanner shows the following result:

Central Records

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly



Technical


A technical analysis in 1H of this CHF/DKK chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, according to the parameters integrated into the Central Analyzer system, 16 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour


CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour


Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly


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 several results that can have an impact on the price change:

Central Patterns

Near resistance of triangle

Type : Bearish

Timeframe : 1 hour


Horizontal resistance is broken

Type : Bullish

Timeframe : 1 hour


Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour



The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 6.9153 6.9384 6.9611 6.9625 6.9873 7.0399 7.0965
Change (%) -0.68% -0.35% -0.02% - +0.36% +1.11% +1.92%
Change -0.0472 -0.0241 -0.0014 - +0.0248 +0.0774 +0.1340
Level Intermediate Major Intermediate - Major Minor Major



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
Standard6.87806.89316.92126.93636.96446.97957.0076
Camarilla6.93736.94136.94526.94926.95326.95716.9611
Woodie6.88446.89646.92766.93966.97086.98287.0140
Fibonacci6.89316.90966.91986.93636.95286.96306.9795


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard6.64446.73766.80016.89336.95587.04907.1115
Camarilla6.81996.83426.84846.86276.87706.89136.9055
Woodie6.62926.72996.78496.88566.94067.04137.0963
Fibonacci6.73766.79706.83386.89336.95276.98957.0490


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard6.76916.85926.92137.01147.07357.16367.2257
Camarilla6.94166.95556.96956.98346.99747.01137.0253
Woodie6.75516.85226.90737.00447.05957.15667.2117
Fibonacci6.85926.91736.95337.01147.06957.10557.1636

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): 64.93
MACD (12,26,9): 0.0090
Directional Movement: 14.8302
AROON (14): 85.7142
DEMA (21): 6.9591
Parabolic SAR (0,02-0,02-0,2): 6.9356
Elder Ray (13): 0.0181
Super Trend (3,10): 6.9403
Zig ZAG (10): 6.9677
VORTEX (21): 1.1867
Stochastique (14,3,5): 90.50
TEMA (21): 6.9601
Williams %R (14): -21.87
Chande Momentum Oscillator (20): 0.0172
Repulse (5,40,3): 0.0728
ROCnROLL: 1
TRIX (15,9): 0.0158
Courbe Coppock: 0.42
MA7: 6.9088
MA20: 6.9768
MA50: 7.0374
MA100: 7.0328
MAexp7: 6.9568
MAexp20: 6.9466
MAexp50: 6.9312
MAexp100: 6.9200
Price / MA7: +0.78%
Price / MA20: -0.20%
Price / MA50: -1.06%
Price / MA100: -1.00%
Price / MAexp7: +0.07%
Price / MAexp20: +0.22%
Price / MAexp50: +0.44%
Price / MAexp100: +0.60%

Quotes : 2020-06-11 08:52:33 - Real time data - Forex

This member declared not having a position on this financial instrument or a related financial instrument.

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