CHF/DKK - 1H - Technical analysis published on 10/29/2020 (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:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
61%
11%
28%
My opinion
Bullish above 6.9512 DKK
My targets
6.9737 DKK (+0.0100)
6.9873 DKK (+0.0236)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on CHF/DKK as long as the price remains well above 6.9512 DKK. The buyers” bullish objective is set at 6.9737 DKK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 6.9873 DKK. If there is any crossing, the next objective would be the resistance located at 7.0168 DKK. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
7.7
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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 rating is 6.9637 DKK. The price registered an increase of +0.08% on the session and was traded between 6.9553 DKK and 6.9691 DKK over the period. The price is currently at +0.12% from its lowest and -0.08% from its highest.6.9553
6.9691
6.9637
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
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 strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 11 technical indicators on 18 studied 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
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
Aroon indicator bullish trend
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
Support of triangle is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 6.9290 | 6.9406 | 6.9512 | 6.9637 | 6.9737 | 6.9873 | 7.0168 |
| Change (%) | -0.50% | -0.33% | -0.18% | - | +0.14% | +0.34% | +0.76% |
| Change | -0.0347 | -0.0231 | -0.0125 | - | +0.0100 | +0.0236 | +0.0531 |
| Level | Intermediate | Minor | Intermediate | - | Intermediate | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.9083 | 6.9244 | 6.9414 | 6.9575 | 6.9745 | 6.9906 | 7.0076 |
| Camarilla | 6.9492 | 6.9522 | 6.9553 | 6.9583 | 6.9613 | 6.9644 | 6.9674 |
| Woodie | 6.9087 | 6.9246 | 6.9418 | 6.9577 | 6.9749 | 6.9908 | 7.0080 |
| Fibonacci | 6.9244 | 6.9371 | 6.9449 | 6.9575 | 6.9702 | 6.9780 | 6.9906 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.8179 | 6.8382 | 6.8720 | 6.8923 | 6.9261 | 6.9464 | 6.9802 |
| Camarilla | 6.8908 | 6.8958 | 6.9007 | 6.9057 | 6.9107 | 6.9156 | 6.9206 |
| Woodie | 6.8246 | 6.8416 | 6.8787 | 6.8957 | 6.9328 | 6.9498 | 6.9869 |
| Fibonacci | 6.8382 | 6.8589 | 6.8717 | 6.8923 | 6.9130 | 6.9258 | 6.9464 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.8426 | 6.8065 | 6.8725 | 6.8364 | 6.9024 | 6.8663 | 6.9323 |
| Camarilla | 6.9304 | 6.9331 | 6.9359 | 6.9386 | 6.9413 | 6.9441 | 6.9468 |
| Woodie | 6.8938 | 6.8320 | 6.9237 | 6.8619 | 6.9536 | 6.8918 | 6.9835 |
| Fibonacci | 6.8065 | 6.8179 | 6.8250 | 6.8364 | 6.8478 | 6.8548 | 6.8663 |
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): | 66.14 | |
| MACD (12,26,9): | 0.0039 | |
| Directional Movement: | 12.7084 | |
| AROON (14): | 42.8571 | |
| DEMA (21): | 6.9661 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.9561 | |
| Elder Ray (13): | 0.0038 | |
| Super Trend (3,10): | 6.9505 | |
| Zig ZAG (10): | 6.9665 | |
| VORTEX (21): | 1.1473 | |
| Stochastique (14,3,5): | 74.87 | |
| TEMA (21): | 6.9657 | |
| Williams %R (14): | -25.36 | |
| Chande Momentum Oscillator (20): | 0.0022 | |
| Repulse (5,40,3): | -0.0198 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0085 | |
| Courbe Coppock: | 0.03 |
| MA7: | 6.9253 | |
| MA20: | 6.9250 | |
| MA50: | 6.9117 | |
| MA100: | 6.9298 | |
| MAexp7: | 6.9637 | |
| MAexp20: | 6.9608 | |
| MAexp50: | 6.9539 | |
| MAexp100: | 6.9486 | |
| Price / MA7: | +0.55% | |
| Price / MA20: | +0.56% | |
| Price / MA50: | +0.75% | |
| Price / MA100: | +0.49% | |
| Price / MAexp7: | +0.00% | |
| Price / MAexp20: | +0.04% | |
| Price / MAexp50: | +0.14% | |
| Price / MAexp100: | +0.22% |
Quotes :
2020-10-29 07:59:10
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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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