CHF/DKK - 1H - Technical analysis published on 12/31/2019 (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:
Bullish
De fond:
Strongly bullish
Technical indicators
17%
33%
50%
My opinion
Bullish above 6.8703 DKK
My targets
6.8904 DKK (+0.0054)
6.9067 DKK (+0.0217)
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 6.8703 DKK. The buyers” bullish objective is set at 6.8904 DKK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 6.9067 DKK. If there is any crossing, the next objective would be the resistance located at 6.9873 DKK. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
FORCE
0
10
4.8
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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 6.8850 DKK. The price registered a decrease of -0.01% on the session with the lowest point at 6.8741 DKK and the highest point at 6.8936 DKK. The deviation from the price is +0.16% for the low point and -0.12% for the high point.6.8741
6.8936
6.8850
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 LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this CHF/DKK chart shows a strongly bullish trend. 89.29% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
In fact, of the 18 technical indicators analysed by Central Analyzer, 3 are bullish, 9 are neutral and 6 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
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 | 6.8574 | 6.8703 | 6.8790 | 6.8850 | 6.8862 | 6.8904 | 6.9873 |
| Change (%) | -0.40% | -0.21% | -0.09% | - | +0.02% | +0.08% | +1.49% |
| Change | -0.0276 | -0.0147 | -0.0060 | - | +0.0012 | +0.0054 | +0.1023 |
| Level | Major | Minor | Intermediate | - | Intermediate | Major | Intermediate |
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 | 6.8116 | 6.8275 | 6.8567 | 6.8726 | 6.9018 | 6.9177 | 6.9469 |
| Camarilla | 6.8734 | 6.8775 | 6.8817 | 6.8858 | 6.8899 | 6.8941 | 6.8982 |
| Woodie | 6.8182 | 6.8308 | 6.8633 | 6.8759 | 6.9084 | 6.9210 | 6.9535 |
| Fibonacci | 6.8275 | 6.8448 | 6.8554 | 6.8726 | 6.8899 | 6.9005 | 6.9177 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.8098 | 6.8284 | 6.8421 | 6.8607 | 6.8744 | 6.8930 | 6.9067 |
| Camarilla | 6.8470 | 6.8500 | 6.8529 | 6.8559 | 6.8589 | 6.8618 | 6.8648 |
| Woodie | 6.8075 | 6.8272 | 6.8398 | 6.8595 | 6.8721 | 6.8918 | 6.9044 |
| Fibonacci | 6.8284 | 6.8407 | 6.8483 | 6.8607 | 6.8730 | 6.8806 | 6.8930 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.6334 | 6.7018 | 6.7423 | 6.8107 | 6.8512 | 6.9196 | 6.9601 |
| Camarilla | 6.7528 | 6.7627 | 6.7727 | 6.7827 | 6.7927 | 6.8027 | 6.8127 |
| Woodie | 6.6194 | 6.6948 | 6.7283 | 6.8037 | 6.8372 | 6.9126 | 6.9461 |
| Fibonacci | 6.7018 | 6.7434 | 6.7691 | 6.8107 | 6.8523 | 6.8780 | 6.9196 |
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): | 52.11 | |
| MACD (12,26,9): | 0.0049 | |
| Directional Movement: | -2.7589 | |
| AROON (14): | -28.5714 | |
| DEMA (21): | 6.8880 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.8927 | |
| Elder Ray (13): | -0.0043 | |
| Super Trend (3,10): | 6.8743 | |
| Zig ZAG (10): | 6.8783 | |
| VORTEX (21): | 1.1506 | |
| Stochastique (14,3,5): | 37.93 | |
| TEMA (21): | 6.8885 | |
| Williams %R (14): | -73.33 | |
| Chande Momentum Oscillator (20): | -0.0019 | |
| Repulse (5,40,3): | -0.0825 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0143 | |
| Courbe Coppock: | 0.16 |
| MA7: | 6.8699 | |
| MA20: | 6.8459 | |
| MA50: | 6.8195 | |
| MA100: | 6.8290 | |
| MAexp7: | 6.8851 | |
| MAexp20: | 6.8810 | |
| MAexp50: | 6.8727 | |
| MAexp100: | 6.8674 | |
| Price / MA7: | +0.22% | |
| Price / MA20: | +0.57% | |
| Price / MA50: | +0.96% | |
| Price / MA100: | +0.82% | |
| Price / MAexp7: | +0.00% | |
| Price / MAexp20: | +0.06% | |
| Price / MAexp50: | +0.18% | |
| Price / MAexp100: | +0.26% |
This member declared not having a position on this financial instrument or a related financial instrument.
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