CHF/DKK - 1H - Technical analysis published on 08/21/2023 (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
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
44%
33%
22%
My opinion
Bearish under 7.7899 DKK
My targets
7.7506 DKK (-0.0190)
7.7351 DKK (-0.0345)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on CHF/DKK as long as the price remains well below 7.7899 DKK. The sellers' bearish objective is set at 7.7506 DKK. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 7.7351 DKK. In case of crossing, the next objective would be the support located at 7.7220 DKK. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
5.2
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
CHF/DKK rating 7.7696 DKK. On the day, this instrument lost -0.03% and was between 7.7601 DKK and 7.7850 DKK. This implies that the price is at +0.12% from its lowest and at -0.20% from its highest.7.7601
7.7850
7.7696
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this CHF/DKK chart shows a sharp bearish trend. 85.71% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
The Central Indicators scanner found no further results concerning independent technical indicators.
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near support of channel
Type : Bullish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these signals that could have an impact on the current short-term trend:
Bullish harami
Type : Bullish
Timeframe : 1 hour
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 7.7351 | 7.7506 | 7.7648 | 7.7696 | 7.7739 | 7.7899 | 7.8023 |
| Change (%) | -0.44% | -0.24% | -0.06% | - | +0.06% | +0.26% | +0.42% |
| Change | -0.0345 | -0.0190 | -0.0048 | - | +0.0043 | +0.0203 | +0.0327 |
| Level | Minor | Intermediate | Minor | - | 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 | 7.7153 | 7.7392 | 7.7555 | 7.7794 | 7.7957 | 7.8196 | 7.8359 |
| Camarilla | 7.7607 | 7.7643 | 7.7680 | 7.7717 | 7.7754 | 7.7791 | 7.7828 |
| Woodie | 7.7114 | 7.7373 | 7.7516 | 7.7775 | 7.7918 | 7.8177 | 7.8320 |
| Fibonacci | 7.7392 | 7.7546 | 7.7641 | 7.7794 | 7.7948 | 7.8043 | 7.8196 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.6824 | 7.7166 | 7.7442 | 7.7784 | 7.8060 | 7.8402 | 7.8678 |
| Camarilla | 7.7547 | 7.7604 | 7.7660 | 7.7717 | 7.7774 | 7.7830 | 7.7887 |
| Woodie | 7.6790 | 7.7150 | 7.7408 | 7.7768 | 7.8026 | 7.8386 | 7.8644 |
| Fibonacci | 7.7166 | 7.7402 | 7.7548 | 7.7784 | 7.8020 | 7.8166 | 7.8402 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.4051 | 7.4999 | 7.6364 | 7.7312 | 7.8677 | 7.9625 | 8.0990 |
| Camarilla | 7.7093 | 7.7305 | 7.7517 | 7.7729 | 7.7941 | 7.8153 | 7.8365 |
| Woodie | 7.4260 | 7.5103 | 7.6573 | 7.7416 | 7.8886 | 7.9729 | 8.1199 |
| Fibonacci | 7.4999 | 7.5883 | 7.6428 | 7.7312 | 7.8196 | 7.8741 | 7.9625 |
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): | 44.35 | |
| MACD (12,26,9): | -0.0026 | |
| Directional Movement: | -2.2072 | |
| AROON (14): | 14.2857 | |
| DEMA (21): | 7.7684 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.7630 | |
| Elder Ray (13): | -0.0039 | |
| Super Trend (3,10): | 7.7582 | |
| Zig ZAG (10): | 7.7687 | |
| VORTEX (21): | 0.9586 | |
| Stochastique (14,3,5): | 42.17 | |
| TEMA (21): | 7.7690 | |
| Williams %R (14): | -67.47 | |
| Chande Momentum Oscillator (20): | 0.0033 | |
| Repulse (5,40,3): | -0.0539 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0080 | |
| Courbe Coppock: | 0.06 |
| MA7: | 7.7763 | |
| MA20: | 7.7745 | |
| MA50: | 7.7030 | |
| MA100: | 7.6595 | |
| MAexp7: | 7.7711 | |
| MAexp20: | 7.7727 | |
| MAexp50: | 7.7777 | |
| MAexp100: | 7.7777 | |
| Price / MA7: | -0.09% | |
| Price / MA20: | -0.06% | |
| Price / MA50: | +0.86% | |
| Price / MA100: | +1.44% | |
| Price / MAexp7: | -0.02% | |
| Price / MAexp20: | -0.04% | |
| Price / MAexp50: | -0.10% | |
| Price / MAexp100: | -0.10% |
Quotes :
-
Real time data
-
Forex
This member declared not having a position on this financial instrument or a related financial instrument.
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