CAD/DKK - 1H - Technical analysis published on 10/18/2023 (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
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
50%
28%
My opinion
Bearish under 5.1773 DKK
My targets
5.1515 DKK (-0.0131)
5.1436 DKK (-0.0210)
My analysis
The bearish trend is currently very strong for CAD/DKK. As long as the price remains below the resistance at 5.1773 DKK, you could try to take advantage of the bearish rally. The first bearish objective is located at 5.1515 DKK. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 5.1436 DKK as an objective. Crossing it would then enable sellers to target 5.0907 DKK. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
7
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Additional analysis
Quotes
The CAD/DKK price is 5.1646 DKK. The price is lower by -0.08% since the last closing and was traded between 5.1646 DKK and 5.1856 DKK over the period. The price is currently at 0% from its lowest and -0.40% from its highest.5.1646
5.1856
5.1646
Here is a more detailed summary of the historical variations registered by CAD/DKK:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of CAD/DKK in 1H shows a overall strongly bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near support of channel
Type : Bullish
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 | 5.1436 | 5.1515 | 5.1633 | 5.1646 | 5.1685 | 5.1773 | 5.1865 |
| Change (%) | -0.41% | -0.25% | -0.03% | - | +0.08% | +0.25% | +0.42% |
| Change | -0.0210 | -0.0131 | -0.0013 | - | +0.0039 | +0.0127 | +0.0219 |
| Level | Minor | Minor | Major | - | Minor | Minor | Intermediate |
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 | 5.1210 | 5.1420 | 5.1555 | 5.1765 | 5.1900 | 5.2110 | 5.2245 |
| Camarilla | 5.1594 | 5.1626 | 5.1657 | 5.1689 | 5.1721 | 5.1752 | 5.1784 |
| Woodie | 5.1172 | 5.1401 | 5.1517 | 5.1746 | 5.1862 | 5.2091 | 5.2207 |
| Fibonacci | 5.1420 | 5.1552 | 5.1634 | 5.1765 | 5.1897 | 5.1979 | 5.2110 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.1198 | 5.1391 | 5.1657 | 5.1850 | 5.2116 | 5.2309 | 5.2575 |
| Camarilla | 5.1797 | 5.1839 | 5.1881 | 5.1923 | 5.1965 | 5.2007 | 5.2049 |
| Woodie | 5.1235 | 5.1409 | 5.1694 | 5.1868 | 5.2153 | 5.2327 | 5.2612 |
| Fibonacci | 5.1391 | 5.1566 | 5.1675 | 5.1850 | 5.2025 | 5.2134 | 5.2309 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.8715 | 4.9649 | 5.0797 | 5.1731 | 5.2879 | 5.3813 | 5.4961 |
| Camarilla | 5.1372 | 5.1562 | 5.1753 | 5.1944 | 5.2135 | 5.2326 | 5.2517 |
| Woodie | 4.8821 | 4.9703 | 5.0903 | 5.1785 | 5.2985 | 5.3867 | 5.5067 |
| Fibonacci | 4.9649 | 5.0445 | 5.0936 | 5.1731 | 5.2527 | 5.3018 | 5.3813 |
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): | 37.84 | |
| MACD (12,26,9): | -0.0025 | |
| Directional Movement: | -10.3762 | |
| AROON (14): | -7.1429 | |
| DEMA (21): | 5.1688 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.1832 | |
| Elder Ray (13): | -0.0045 | |
| Super Trend (3,10): | 5.1843 | |
| Zig ZAG (10): | 5.1656 | |
| VORTEX (21): | 0.9770 | |
| Stochastique (14,3,5): | 9.37 | |
| TEMA (21): | 5.1687 | |
| Williams %R (14): | -94.76 | |
| Chande Momentum Oscillator (20): | -0.0090 | |
| Repulse (5,40,3): | -0.1231 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0051 | |
| Courbe Coppock: | 0.12 |
| MA7: | 5.1755 | |
| MA20: | 5.1907 | |
| MA50: | 5.1332 | |
| MA100: | 5.1299 | |
| MAexp7: | 5.1688 | |
| MAexp20: | 5.1720 | |
| MAexp50: | 5.1762 | |
| MAexp100: | 5.1780 | |
| Price / MA7: | -0.21% | |
| Price / MA20: | -0.50% | |
| Price / MA50: | +0.61% | |
| Price / MA100: | +0.68% | |
| Price / MAexp7: | -0.07% | |
| Price / MAexp20: | -0.14% | |
| Price / MAexp50: | -0.22% | |
| Price / MAexp100: | -0.25% |
Quotes :
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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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