CHF/DKK - 1H - Technical analysis published on 08/26/2020 (GMT)
- Who voted?
- 171
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bullish
Technical indicators
22%
33%
44%
My opinion
Bullish above 6.9112 DKK
My targets
6.9347 DKK (+0.0106)
6.9873 DKK (+0.0632)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on CHF/DKK. As long as you are above the support located at 6.9112 DKK, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 6.9347 DKK would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 6.9873 DKK as an objective. Crossing it would then enable buyers to target 7.0403 DKK. If the support 6.9112 DKK were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
2.9
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:
Additional analysis
Quotes
CHF/DKK rating 6.9241 DKK. The price is lower by -0.03% since the last closing with the lowest point at 6.9228 DKK and the highest point at 6.9327 DKK. The deviation from the price is +0.02% for the low point and -0.12% for the high point.6.9228
6.9327
6.9241
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
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
Technical
A technical analysis in 1H of this CHF/DKK chart shows a bullish trend. The signals given by moving averages are 75.00% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
On the 18 technical indicators analysed, 4 are bullish, 8 are neutral and 6 are bearish. Caution: the Central Indicators scanner currently detects an excess:
MACD indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 6.9048 | 6.9112 | 6.9198 | 6.9241 | 6.9291 | 6.9347 | 6.9873 |
| Change (%) | -0.28% | -0.19% | -0.06% | - | +0.07% | +0.15% | +0.91% |
| Change | -0.0193 | -0.0129 | -0.0043 | - | +0.0050 | +0.0106 | +0.0632 |
| Level | Intermediate | Intermediate | Minor | - | 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 | 6.8873 | 6.8992 | 6.9126 | 6.9245 | 6.9379 | 6.9498 | 6.9632 |
| Camarilla | 6.9190 | 6.9214 | 6.9237 | 6.9260 | 6.9283 | 6.9306 | 6.9330 |
| Woodie | 6.8881 | 6.8996 | 6.9134 | 6.9249 | 6.9387 | 6.9502 | 6.9640 |
| Fibonacci | 6.8992 | 6.9089 | 6.9148 | 6.9245 | 6.9342 | 6.9401 | 6.9498 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.8060 | 6.8340 | 6.8786 | 6.9066 | 6.9512 | 6.9792 | 7.0238 |
| Camarilla | 6.9032 | 6.9099 | 6.9166 | 6.9232 | 6.9299 | 6.9365 | 6.9432 |
| Woodie | 6.8143 | 6.8382 | 6.8869 | 6.9108 | 6.9595 | 6.9834 | 7.0321 |
| Fibonacci | 6.8340 | 6.8617 | 6.8789 | 6.9066 | 6.9343 | 6.9515 | 6.9792 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.6958 | 6.7817 | 6.8517 | 6.9376 | 7.0076 | 7.0935 | 7.1635 |
| Camarilla | 6.8788 | 6.8931 | 6.9074 | 6.9217 | 6.9360 | 6.9503 | 6.9646 |
| Woodie | 6.6879 | 6.7777 | 6.8438 | 6.9336 | 6.9997 | 7.0895 | 7.1556 |
| Fibonacci | 6.7817 | 6.8413 | 6.8781 | 6.9376 | 6.9972 | 7.0340 | 7.0935 |
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): | 49.42 | |
| MACD (12,26,9): | 0.0013 | |
| Directional Movement: | 0.7475 | |
| AROON (14): | -50.0000 | |
| DEMA (21): | 6.9279 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.9327 | |
| Elder Ray (13): | -0.0018 | |
| Super Trend (3,10): | 6.9104 | |
| Zig ZAG (10): | 6.9266 | |
| VORTEX (21): | 1.0886 | |
| Stochastique (14,3,5): | 45.64 | |
| TEMA (21): | 6.9291 | |
| Williams %R (14): | -78.10 | |
| Chande Momentum Oscillator (20): | -0.0034 | |
| Repulse (5,40,3): | -0.0616 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0040 | |
| Courbe Coppock: | 0.10 |
| MA7: | 6.9123 | |
| MA20: | 6.9141 | |
| MA50: | 6.9459 | |
| MA100: | 6.9874 | |
| MAexp7: | 6.9277 | |
| MAexp20: | 6.9262 | |
| MAexp50: | 6.9232 | |
| MAexp100: | 6.9191 | |
| Price / MA7: | +0.17% | |
| Price / MA20: | +0.14% | |
| Price / MA50: | -0.31% | |
| Price / MA100: | -0.91% | |
| Price / MAexp7: | -0.05% | |
| Price / MAexp20: | -0.03% | |
| Price / MAexp50: | +0.01% | |
| Price / MAexp100: | +0.07% |
Quotes :
2020-08-26 06:44:07
-
Real time data
-
Forex
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis CHF/DKK - 1H