CHF/DKK - 1H - Technical analysis published on 03/10/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
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Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Slightly bullish
Technical indicators
39%
28%
33%
My opinion
Neutral between 7.0392 DKK and 7.0604 DKK
My targets
-
My analysis
A slightly bullish trend and a neutral short term. With such a pattern, it is difficult to favour buying or selling. The first resistance is located at 7.0604 DKK. The first support is located at 7.0392 DKK. A very slight advantage is given by the slightly bullish basic trend so that the resistance is reached first, but should we take this into account? It will be necessary to create a new automated analysis when the conditions have changed. This may be the case, for example, when the first resistance has been broken above or the first support has been broken below.
In the very short term, the neutral opinion of this analysis is confirmed by technical indicators which are also neutral.
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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 7.0488 DKK. On the day, this instrument gained -0.10% and was between 7.0118 DKK and 7.0659 DKK. This implies that the price is at +0.53% from its lowest and at -0.24% from its highest.7.0118
7.0659
7.0488
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
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
Abnormal volumes on CHF/DKK were detected by the Central Volumes scanner:
Abnormal volumes
Timeframe : 5 days
Technical
Technical analysis of this 1H chart of CHF/DKK indicates that the overall trend is slightly bullish. Only 60.71% of the signals given by moving averages are bullish. This slightly bullish trend could return to neutral given the neutral signals also given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : 1 hour
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 7 are bullish, 6 are neutral and 5 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 6.9985 | 7.0182 | 7.0392 | 7.0488 | 7.0604 | 7.0748 | 7.0877 |
| Change (%) | -0.71% | -0.43% | -0.14% | - | +0.16% | +0.37% | +0.55% |
| Change | -0.0503 | -0.0306 | -0.0096 | - | +0.0116 | +0.0260 | +0.0389 |
| Level | Minor | Minor | Major | - | Major | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.9511 | 6.9847 | 7.0204 | 7.0540 | 7.0897 | 7.1233 | 7.1590 |
| Camarilla | 7.0369 | 7.0433 | 7.0497 | 7.0560 | 7.0624 | 7.0687 | 7.0751 |
| Woodie | 6.9521 | 6.9852 | 7.0214 | 7.0545 | 7.0907 | 7.1238 | 7.1600 |
| Fibonacci | 6.9847 | 7.0112 | 7.0276 | 7.0540 | 7.0805 | 7.0969 | 7.1233 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.1298 | 7.1616 | 7.2061 | 7.2379 | 7.2824 | 7.3142 | 7.3587 |
| Camarilla | 7.2296 | 7.2366 | 7.2436 | 7.2506 | 7.2576 | 7.2646 | 7.2716 |
| Woodie | 7.1362 | 7.1648 | 7.2125 | 7.2411 | 7.2888 | 7.3174 | 7.3651 |
| Fibonacci | 7.1616 | 7.1908 | 7.2088 | 7.2379 | 7.2671 | 7.2851 | 7.3142 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.8756 | 6.9206 | 6.9705 | 7.0155 | 7.0654 | 7.1104 | 7.1603 |
| Camarilla | 6.9944 | 7.0031 | 7.0118 | 7.0205 | 7.0292 | 7.0379 | 7.0466 |
| Woodie | 6.8782 | 6.9218 | 6.9731 | 7.0167 | 7.0680 | 7.1116 | 7.1629 |
| Fibonacci | 6.9206 | 6.9568 | 6.9792 | 7.0155 | 7.0517 | 7.0741 | 7.1104 |
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): | 48.90 | |
| MACD (12,26,9): | 0.0012 | |
| Directional Movement: | -2.8184 | |
| AROON (14): | 71.4286 | |
| DEMA (21): | 7.0503 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.0259 | |
| Elder Ray (13): | -0.0043 | |
| Super Trend (3,10): | 7.0786 | |
| Zig ZAG (10): | 7.0490 | |
| VORTEX (21): | 1.0288 | |
| Stochastique (14,3,5): | 67.59 | |
| TEMA (21): | 7.0522 | |
| Williams %R (14): | -39.13 | |
| Chande Momentum Oscillator (20): | -0.0026 | |
| Repulse (5,40,3): | -0.0504 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0006 | |
| Courbe Coppock: | 0.42 |
| MA7: | 7.0291 | |
| MA20: | 7.0293 | |
| MA50: | 6.9834 | |
| MA100: | 6.9016 | |
| MAexp7: | 7.0498 | |
| MAexp20: | 7.0490 | |
| MAexp50: | 7.0475 | |
| MAexp100: | 7.0419 | |
| Price / MA7: | +0.28% | |
| Price / MA20: | +0.28% | |
| Price / MA50: | +0.94% | |
| Price / MA100: | +2.13% | |
| Price / MAexp7: | -0.01% | |
| Price / MAexp20: | +0.00% | |
| Price / MAexp50: | +0.02% | |
| Price / MAexp100: | +0.10% |
This member declared not having a position on this financial instrument or a related financial instrument.
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