CHF/DKK - 1H - Technical analysis published on 07/02/2020 (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:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 7.0008 DKK
My targets
7.0226 DKK (+0.0071)
7.0397 DKK (+0.0242)
My analysis
CHF/DKK is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 7.0008 DKK. The next resistance located at 7.0226 DKK is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 7.0397 DKK. After this resistance, buyers could then target 7.0962 DKK. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
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
8.4
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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 rating is 7.0155 DKK. The price has increased by +0.18% since the last closing and was traded between 6.9882 DKK and 7.0180 DKK over the period. The price is currently at +0.39% from its lowest and -0.04% from its highest.6.9882
7.0180
7.0155
Here is a more detailed summary of the historical variations registered by CHF/DKK:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
The Central Volumes scanner notes the presence of abnormal volumes:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of CHF/DKK in 1H shows a strongly overall bullish trend. 89.29% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish trend reversal : Moving Average 100
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
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
Ichimoku : price is over the cloud
Type : Bullish
Timeframe : 1 hour
MACD indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
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 | 6.9873 | 7.0008 | 7.0140 | 7.0155 | 7.0226 | 7.0397 | 7.0962 |
| Change (%) | -0.40% | -0.21% | -0.02% | - | +0.10% | +0.34% | +1.15% |
| Change | -0.0282 | -0.0147 | -0.0015 | - | +0.0071 | +0.0242 | +0.0807 |
| Level | Major | Minor | Minor | - | Intermediate | Minor | Major |
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 | 6.9545 | 6.9721 | 6.9875 | 7.0051 | 7.0205 | 7.0381 | 7.0535 |
| Camarilla | 6.9939 | 6.9970 | 7.0000 | 7.0030 | 7.0060 | 7.0091 | 7.0121 |
| Woodie | 6.9535 | 6.9716 | 6.9865 | 7.0046 | 7.0195 | 7.0376 | 7.0525 |
| Fibonacci | 6.9721 | 6.9847 | 6.9925 | 7.0051 | 7.0177 | 7.0255 | 7.0381 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.3984 | 6.5466 | 6.8052 | 6.9534 | 7.2120 | 7.3602 | 7.6188 |
| Camarilla | 6.9520 | 6.9893 | 7.0266 | 7.0639 | 7.1012 | 7.1385 | 7.1758 |
| Woodie | 6.4537 | 6.5742 | 6.8605 | 6.9810 | 7.2673 | 7.3878 | 7.6741 |
| Fibonacci | 6.5466 | 6.7020 | 6.7980 | 6.9534 | 7.1088 | 7.2048 | 7.3602 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.9270 | 6.9451 | 6.9749 | 6.9930 | 7.0228 | 7.0409 | 7.0707 |
| Camarilla | 6.9914 | 6.9958 | 7.0002 | 7.0046 | 7.0090 | 7.0134 | 7.0178 |
| Woodie | 6.9328 | 6.9480 | 6.9807 | 6.9959 | 7.0286 | 7.0438 | 7.0765 |
| Fibonacci | 6.9451 | 6.9634 | 6.9747 | 6.9930 | 7.0113 | 7.0226 | 7.0409 |
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): | 65.51 | |
| MACD (12,26,9): | 0.0017 | |
| Directional Movement: | 8.2135 | |
| AROON (14): | 64.2857 | |
| DEMA (21): | 7.0029 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.9928 | |
| Elder Ray (13): | 0.0111 | |
| Super Trend (3,10): | 6.9927 | |
| Zig ZAG (10): | 7.0127 | |
| VORTEX (21): | 1.0724 | |
| Stochastique (14,3,5): | 89.43 | |
| TEMA (21): | 7.0044 | |
| Williams %R (14): | -12.42 | |
| Chande Momentum Oscillator (20): | 0.0200 | |
| Repulse (5,40,3): | 0.2349 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0017 | |
| Courbe Coppock: | 0.13 |
| MA7: | 6.9669 | |
| MA20: | 6.9700 | |
| MA50: | 7.0022 | |
| MA100: | 7.0291 | |
| MAexp7: | 7.0057 | |
| MAexp20: | 7.0017 | |
| MAexp50: | 6.9998 | |
| MAexp100: | 6.9974 | |
| Price / MA7: | +0.70% | |
| Price / MA20: | +0.65% | |
| Price / MA50: | +0.19% | |
| Price / MA100: | -0.19% | |
| Price / MAexp7: | +0.14% | |
| Price / MAexp20: | +0.20% | |
| Price / MAexp50: | +0.22% | |
| Price / MAexp100: | +0.26% |
Quotes :
2020-07-02 16:01:40
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Real time data
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Forex
This member declared not having a position on this financial instrument or a related financial instrument.
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