CHF/DKK - 1H - Technical analysis published on 09/14/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bullish
Technical indicators
22%
39%
39%
My opinion
Bullish above 6.8969 DKK
My targets
6.9158 DKK (+0.0070)
6.9286 DKK (+0.0198)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the support located at 6.8969 DKK remains possible. It is advisable to trade CHF/DKK with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 6.8969 DKK. The next bullish objective for buyers is set at 6.9158 DKK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 6.9286 DKK. If there is any crossing, the next objective would be the resistance located at 6.9873 DKK. PS: if there is a bearish break in the support located at 6.8969 DKK we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
1.6
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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 6.9088 DKK. On the day, this instrument lost -0.01% with the lowest point at 6.9072 DKK and the highest point at 6.9177 DKK. The deviation from the price is +0.02% for the low point and -0.13% for the high point.6.9072
6.9177
6.9088
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
Technical
A technical analysis in 1H of this CHF/DKK chart shows a bullish trend. 71.43% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 7 are neutral and 7 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Aroon indicator bearish trend
Type : Bearish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
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:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Near support of triangle
Type : Bullish
Timeframe : 1 hour
Support of channel 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 | 6.8776 | 6.8969 | 6.9046 | 6.9088 | 6.9158 | 6.9214 | 6.9286 |
| Change (%) | -0.45% | -0.17% | -0.06% | - | +0.10% | +0.18% | +0.29% |
| Change | -0.0312 | -0.0119 | -0.0042 | - | +0.0070 | +0.0126 | +0.0198 |
| Level | Minor | Minor | Major | - | Minor | Intermediate | 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 | 6.8739 | 6.8847 | 6.8972 | 6.9080 | 6.9205 | 6.9313 | 6.9438 |
| Camarilla | 6.9033 | 6.9054 | 6.9076 | 6.9097 | 6.9118 | 6.9140 | 6.9161 |
| Woodie | 6.8748 | 6.8851 | 6.8981 | 6.9084 | 6.9214 | 6.9317 | 6.9447 |
| Fibonacci | 6.8847 | 6.8936 | 6.8991 | 6.9080 | 6.9169 | 6.9224 | 6.9313 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.8103 | 6.8348 | 6.8723 | 6.8968 | 6.9343 | 6.9588 | 6.9963 |
| Camarilla | 6.8927 | 6.8983 | 6.9040 | 6.9097 | 6.9154 | 6.9211 | 6.9268 |
| Woodie | 6.8167 | 6.8381 | 6.8787 | 6.9001 | 6.9407 | 6.9621 | 7.0027 |
| Fibonacci | 6.8348 | 6.8585 | 6.8732 | 6.8968 | 6.9205 | 6.9352 | 6.9588 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.7769 | 6.8194 | 6.8583 | 6.9008 | 6.9397 | 6.9822 | 7.0211 |
| Camarilla | 6.8747 | 6.8822 | 6.8896 | 6.8971 | 6.9046 | 6.9120 | 6.9195 |
| Woodie | 6.7750 | 6.8185 | 6.8564 | 6.8999 | 6.9378 | 6.9813 | 7.0192 |
| Fibonacci | 6.8194 | 6.8505 | 6.8697 | 6.9008 | 6.9319 | 6.9511 | 6.9822 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 48.33 | |
| MACD (12,26,9): | 0.0003 | |
| Directional Movement: | -2.0828 | |
| AROON (14): | -71.4286 | |
| DEMA (21): | 6.9109 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.9069 | |
| Elder Ray (13): | -0.0010 | |
| Super Trend (3,10): | 6.8972 | |
| Zig ZAG (10): | 6.9090 | |
| VORTEX (21): | 1.0749 | |
| Stochastique (14,3,5): | 31.51 | |
| TEMA (21): | 6.9106 | |
| Williams %R (14): | -77.00 | |
| Chande Momentum Oscillator (20): | -0.0043 | |
| Repulse (5,40,3): | -0.0294 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0014 | |
| Courbe Coppock: | 0.01 |
| MA7: | 6.8975 | |
| MA20: | 6.9035 | |
| MA50: | 6.9206 | |
| MA100: | 6.9637 | |
| MAexp7: | 6.9106 | |
| MAexp20: | 6.9104 | |
| MAexp50: | 6.9080 | |
| MAexp100: | 6.9027 | |
| Price / MA7: | +0.16% | |
| Price / MA20: | +0.08% | |
| Price / MA50: | -0.17% | |
| Price / MA100: | -0.79% | |
| Price / MAexp7: | -0.03% | |
| Price / MAexp20: | -0.02% | |
| Price / MAexp50: | +0.01% | |
| Price / MAexp100: | +0.09% |
Quotes :
2020-09-14 06:39:31
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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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