CAD/DKK - 1H - Technical analysis published on 11/21/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
33%
39%
28%
My opinion
Bearish under 4.9784 DKK
My targets
4.9386 DKK (-0.0230)
4.8755 DKK (-0.0861)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on CAD/DKK as long as the price remains well below 4.9784 DKK. The sellers' bearish objective is set at 4.9386 DKK. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 4.8755 DKK. In case of crossing, the next objective would be the support located at 4.8418 DKK. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
6.3
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Additional analysis
Quotes
The CAD/DKK price is 4.9616 DKK. The price is lower by -0.02% since the last closing and was traded between 4.9607 DKK and 4.9657 DKK over the period. The price is currently at +0.02% from its lowest and -0.08% from its highest.4.9607
4.9657
4.9616
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 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
A technical analysis in 1H of this CAD/DKK chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals 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 to suggest whether the signal given by the technical indicators is more bullish or bearish.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4.8418 | 4.9386 | 4.9569 | 4.9616 | 4.9784 | 5.0073 | 5.0480 |
| Change (%) | -2.41% | -0.46% | -0.09% | - | +0.34% | +0.92% | +1.74% |
| Change | -0.1198 | -0.0230 | -0.0047 | - | +0.0168 | +0.0457 | +0.0864 |
| Level | Minor | Major | Intermediate | - | Intermediate | Minor | Major |
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 | 4.9198 | 4.9383 | 4.9505 | 4.9690 | 4.9812 | 4.9997 | 5.0119 |
| Camarilla | 4.9542 | 4.9570 | 4.9598 | 4.9626 | 4.9654 | 4.9682 | 4.9710 |
| Woodie | 4.9166 | 4.9367 | 4.9473 | 4.9674 | 4.9780 | 4.9981 | 5.0087 |
| Fibonacci | 4.9383 | 4.9501 | 4.9573 | 4.9690 | 4.9808 | 4.9880 | 4.9997 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.8755 | 4.9270 | 4.9599 | 5.0114 | 5.0443 | 5.0958 | 5.1287 |
| Camarilla | 4.9695 | 4.9772 | 4.9850 | 4.9927 | 5.0004 | 5.0082 | 5.0159 |
| Woodie | 4.8661 | 4.9224 | 4.9505 | 5.0068 | 5.0349 | 5.0912 | 5.1193 |
| Fibonacci | 4.9270 | 4.9593 | 4.9792 | 5.0114 | 5.0437 | 5.0636 | 5.0958 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.8801 | 4.9707 | 5.0273 | 5.1179 | 5.1745 | 5.2651 | 5.3217 |
| Camarilla | 5.0434 | 5.0569 | 5.0704 | 5.0839 | 5.0974 | 5.1109 | 5.1244 |
| Woodie | 4.8631 | 4.9622 | 5.0103 | 5.1094 | 5.1575 | 5.2566 | 5.3047 |
| Fibonacci | 4.9707 | 5.0269 | 5.0617 | 5.1179 | 5.1741 | 5.2089 | 5.2651 |
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): | 34.43 | |
| MACD (12,26,9): | -0.0056 | |
| Directional Movement: | -13.2817 | |
| AROON (14): | 0 | |
| DEMA (21): | 4.9598 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.9583 | |
| Elder Ray (13): | -0.0032 | |
| Super Trend (3,10): | 4.9746 | |
| Zig ZAG (10): | 4.9620 | |
| VORTEX (21): | 0.7965 | |
| Stochastique (14,3,5): | 24.58 | |
| TEMA (21): | 4.9597 | |
| Williams %R (14): | -73.96 | |
| Chande Momentum Oscillator (20): | -0.0039 | |
| Repulse (5,40,3): | -0.0555 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0178 | |
| Courbe Coppock: | 0.34 |
| MA7: | 4.9987 | |
| MA20: | 5.0551 | |
| MA50: | 5.1295 | |
| MA100: | 5.1057 | |
| MAexp7: | 4.9627 | |
| MAexp20: | 4.9676 | |
| MAexp50: | 4.9790 | |
| MAexp100: | 4.9941 | |
| Price / MA7: | -0.74% | |
| Price / MA20: | -1.85% | |
| Price / MA50: | -3.27% | |
| Price / MA100: | -2.82% | |
| Price / MAexp7: | -0.02% | |
| Price / MAexp20: | -0.12% | |
| Price / MAexp50: | -0.35% | |
| Price / MAexp100: | -0.65% |
Quotes :
-
Real time data
-
Forex
This member declared not having a position on this financial instrument or a related financial instrument.
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