CHF/DKK - 1H - Technical analysis published on 02/11/2020 (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
Court terme:
Bullish
De fond:
Strongly bullish
Technical indicators
28%
33%
39%
My opinion
Bullish above 6.9873 DKK
My targets
7.0367 DKK (+0.0344)
7.1074 DKK (+0.1051)
My analysis
The basic bullish trend is very strong on CHF/DKK but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 6.9873 DKK. Crossing the first resistance at 7.0367 DKK would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 7.1074 DKK as an objective. Crossing it would then enable buyers to target 7.2581 DKK. Caution, a return to below 6.9873 DKK would be a sign of a consolidation phase in the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
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 price is 7.0023 DKK. The price registered an increase of -0.07% on the session and was traded between 6.9967 DKK and 7.0124 DKK over the period. The price is currently at +0.08% from its lowest and -0.14% from its highest.6.9967
7.0124
7.0023
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
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
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
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. 85.71% 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 currently does not detect any result that concerns moving averages.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 5 are bullish, 7 are neutral and 6 are bearish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
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
From the Japanese candlestick perspective, the Central Candlesticks scanner notes the presence of these results that could impact the 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 | 6.9745 | 6.9873 | 6.9971 | 7.0023 | 7.0086 | 7.2581 | 7.5559 |
| Change (%) | -0.40% | -0.21% | -0.07% | - | +0.09% | +3.65% | +7.91% |
| Change | -0.0278 | -0.0150 | -0.0052 | - | +0.0063 | +0.2558 | +0.5536 |
| Level | Minor | Major | Intermediate | - | Intermediate | Minor | 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 | 6.9489 | 6.9617 | 6.9845 | 6.9973 | 7.0201 | 7.0329 | 7.0557 |
| Camarilla | 6.9975 | 7.0008 | 7.0040 | 7.0073 | 7.0106 | 7.0138 | 7.0171 |
| Woodie | 6.9539 | 6.9642 | 6.9895 | 6.9998 | 7.0251 | 7.0354 | 7.0607 |
| Fibonacci | 6.9617 | 6.9753 | 6.9837 | 6.9973 | 7.0109 | 7.0193 | 7.0329 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.8772 | 6.9216 | 6.9923 | 7.0367 | 7.1074 | 7.1518 | 7.2225 |
| Camarilla | 7.0314 | 7.0419 | 7.0525 | 7.0630 | 7.0736 | 7.0841 | 7.0947 |
| Woodie | 6.8904 | 6.9282 | 7.0055 | 7.0433 | 7.1206 | 7.1584 | 7.2357 |
| Fibonacci | 6.9216 | 6.9656 | 6.9927 | 7.0367 | 7.0807 | 7.1078 | 7.1518 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.7634 | 6.8154 | 6.9033 | 6.9553 | 7.0432 | 7.0952 | 7.1831 |
| Camarilla | 6.9528 | 6.9657 | 6.9785 | 6.9913 | 7.0041 | 7.0170 | 7.0298 |
| Woodie | 6.7815 | 6.8244 | 6.9214 | 6.9643 | 7.0613 | 7.1042 | 7.2012 |
| Fibonacci | 6.8154 | 6.8688 | 6.9018 | 6.9553 | 7.0087 | 7.0417 | 7.0952 |
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): | 54.34 | |
| MACD (12,26,9): | 0.0028 | |
| Directional Movement: | 7.1437 | |
| AROON (14): | 21.4285 | |
| DEMA (21): | 7.0051 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.9984 | |
| Elder Ray (13): | -0.0009 | |
| Super Trend (3,10): | 6.9903 | |
| Zig ZAG (10): | 7.0030 | |
| VORTEX (21): | 1.0684 | |
| Stochastique (14,3,5): | 34.39 | |
| TEMA (21): | 7.0045 | |
| Williams %R (14): | -60.51 | |
| Chande Momentum Oscillator (20): | -0.0015 | |
| Repulse (5,40,3): | 0.0077 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0079 | |
| Courbe Coppock: | 0.09 |
| MA7: | 6.9896 | |
| MA20: | 6.9765 | |
| MA50: | 6.9101 | |
| MA100: | 6.8612 | |
| MAexp7: | 7.0026 | |
| MAexp20: | 7.0008 | |
| MAexp50: | 6.9948 | |
| MAexp100: | 6.9901 | |
| Price / MA7: | +0.18% | |
| Price / MA20: | +0.37% | |
| Price / MA50: | +1.33% | |
| Price / MA100: | +2.06% | |
| Price / MAexp7: | +0.00% | |
| Price / MAexp20: | +0.02% | |
| Price / MAexp50: | +0.11% | |
| Price / MAexp100: | +0.17% |
This member declared not having a position on this financial instrument or a related financial instrument.
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