CHF/DKK - 1H - Technical analysis published on 03/27/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 7.0479 DKK
My targets
7.0783 DKK (+0.0209)
7.0932 DKK (+0.0358)
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 7.0479 DKK. The next resistance located at 7.0783 DKK is the next bullish target to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 7.0932 DKK. After this resistance, buyers could then target 7.1014 DKK.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
6.3
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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 7.0574 DKK. The price is lower by +0.47% since the last closing and was between 7.0188 DKK and 7.0636 DKK. This implies that the price is at +0.55% from its lowest and at -0.09% from its highest.7.0188
7.0636
7.0574
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
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
The Central Volumes scanner notes the presence of abnormal volumes:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of CHF/DKK in 1H shows an overall bullish trend. 67.86% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
CCI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Support of triangle is broken
Type : Bearish
Timeframe : 1 hour
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Bearish harami
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 7.0323 | 7.0392 | 7.0479 | 7.0574 | 7.0783 | 7.0932 | 7.1014 |
| Change (%) | -0.36% | -0.26% | -0.13% | - | +0.30% | +0.51% | +0.62% |
| Change | -0.0251 | -0.0182 | -0.0095 | - | +0.0209 | +0.0358 | +0.0440 |
| Level | Intermediate | Major | Minor | - | Minor | Minor | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.9909 | 7.0008 | 7.0127 | 7.0226 | 7.0345 | 7.0444 | 7.0563 |
| Camarilla | 7.0185 | 7.0205 | 7.0225 | 7.0245 | 7.0265 | 7.0285 | 7.0305 |
| Woodie | 6.9918 | 7.0013 | 7.0136 | 7.0231 | 7.0354 | 7.0449 | 7.0572 |
| Fibonacci | 7.0008 | 7.0092 | 7.0143 | 7.0226 | 7.0310 | 7.0361 | 7.0444 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.9717 | 7.0063 | 7.0400 | 7.0746 | 7.1083 | 7.1429 | 7.1766 |
| Camarilla | 7.0549 | 7.0612 | 7.0674 | 7.0737 | 7.0800 | 7.0862 | 7.0925 |
| Woodie | 6.9713 | 7.0061 | 7.0396 | 7.0744 | 7.1079 | 7.1427 | 7.1762 |
| Fibonacci | 7.0063 | 7.0324 | 7.0485 | 7.0746 | 7.1007 | 7.1168 | 7.1429 |
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 technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 65.95 | |
| MACD (12,26,9): | 0.0072 | |
| Directional Movement: | 11.2623 | |
| AROON (14): | 42.8571 | |
| DEMA (21): | 7.0467 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.0321 | |
| Elder Ray (13): | 0.0122 | |
| Super Trend (3,10): | 7.0238 | |
| Zig ZAG (10): | 7.0582 | |
| VORTEX (21): | 1.1362 | |
| Stochastique (14,3,5): | 91.62 | |
| TEMA (21): | 7.0547 | |
| Williams %R (14): | -7.37 | |
| Chande Momentum Oscillator (20): | 0.0374 | |
| Repulse (5,40,3): | 0.1802 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0082 | |
| Courbe Coppock: | 0.62 |
| MA7: | 7.0562 | |
| MA20: | 7.0502 | |
| MA50: | 7.0211 | |
| MA100: | 6.9376 | |
| MAexp7: | 7.0497 | |
| MAexp20: | 7.0389 | |
| MAexp50: | 7.0357 | |
| MAexp100: | 7.0427 | |
| Price / MA7: | +0.02% | |
| Price / MA20: | +0.10% | |
| Price / MA50: | +0.52% | |
| Price / MA100: | +1.73% | |
| Price / MAexp7: | +0.11% | |
| Price / MAexp20: | +0.26% | |
| Price / MAexp50: | +0.31% | |
| Price / MAexp100: | +0.21% |
This member declared not having a position on this financial instrument or a related financial instrument.
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