CHF/DKK - Daily - Technical analysis published on 08/28/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
56%
11%
33%
My opinion
Bullish above 7.6905 DKK
My targets
7.8362 DKK (+0.0373)
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 7.6905 DKK. The next resistance located at 7.8362 DKK is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. 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.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.5
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CHF/DKK rating is 7.7989 DKK. The price has increased by +0.00% since the last closing with the lowest point at 7.7951 DKK and the highest point at 7.8125 DKK. The deviation from the price is +0.05% for the low point and -0.17% for the high point.7.7951
7.8125
7.7989
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
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
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 LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of CHF/DKK indicates that the overall trend is strongly bullish. 92.86% 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 scanner does not detect any result on moving averages that would impact this trend.
The probability of a further increase are moderate given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near resistance of channel
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 7.4669 | 7.5559 | 7.6905 | 7.7989 | 7.8362 |
| Change (%) | -4.26% | -3.12% | -1.39% | - | +0.48% |
| Change | -0.3320 | -0.2430 | -0.1084 | - | +0.0373 |
| Level | Minor | Major | Intermediate | - | 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 | 7.7678 | 7.7781 | 7.7886 | 7.7989 | 7.8094 | 7.8197 | 7.8302 |
| Camarilla | 7.7934 | 7.7953 | 7.7972 | 7.7991 | 7.8010 | 7.8029 | 7.8048 |
| Woodie | 7.7679 | 7.7782 | 7.7887 | 7.7990 | 7.8095 | 7.8198 | 7.8303 |
| Fibonacci | 7.7781 | 7.7861 | 7.7910 | 7.7989 | 7.8069 | 7.8118 | 7.8197 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.6878 | 7.7240 | 7.7615 | 7.7977 | 7.8352 | 7.8714 | 7.9089 |
| Camarilla | 7.7788 | 7.7856 | 7.7923 | 7.7991 | 7.8059 | 7.8126 | 7.8194 |
| Woodie | 7.6886 | 7.7243 | 7.7623 | 7.7980 | 7.8360 | 7.8717 | 7.9097 |
| Fibonacci | 7.7240 | 7.7521 | 7.7695 | 7.7977 | 7.8258 | 7.8432 | 7.8714 |
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 technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 58.82 | |
| MACD (12,26,9): | 0.0200 | |
| Directional Movement: | 8.4926 | |
| AROON (14): | 57.1428 | |
| DEMA (21): | 7.8070 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.7702 | |
| Elder Ray (13): | 0.0150 | |
| Super Trend (3,10): | 7.7050 | |
| Zig ZAG (10): | 7.8023 | |
| VORTEX (21): | 1.0166 | |
| Stochastique (14,3,5): | 68.43 | |
| TEMA (21): | 7.8045 | |
| Williams %R (14): | -30.41 | |
| Chande Momentum Oscillator (20): | 0.0641 | |
| Repulse (5,40,3): | -0.1013 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0390 | |
| Courbe Coppock: | 0.89 |
| MA7: | 7.7962 | |
| MA20: | 7.7774 | |
| MA50: | 7.7210 | |
| MA100: | 7.6730 | |
| MAexp7: | 7.7963 | |
| MAexp20: | 7.7791 | |
| MAexp50: | 7.7360 | |
| MAexp100: | 7.6862 | |
| Price / MA7: | +0.03% | |
| Price / MA20: | +0.28% | |
| Price / MA50: | +1.01% | |
| Price / MA100: | +1.64% | |
| Price / MAexp7: | +0.03% | |
| Price / MAexp20: | +0.25% | |
| Price / MAexp50: | +0.81% | |
| Price / MAexp100: | +1.47% |
Quotes :
-
Real time data
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Forex
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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…
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