CHF/DKK - 1H - Technical analysis published on 11/09/2023 (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
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
50%
33%
My opinion
Bearish under 7.7502 DKK
My targets
7.7303 DKK (-0.0103)
7.7039 DKK (-0.0367)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on CHF/DKK as long as the price remains well below 7.7502 DKK. The sellers' bearish objective is set at 7.7303 DKK. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 7.7039 DKK. In case of crossing, the next objective would be the support located at 7.6077 DKK. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
6.8
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Additional analysis
Quotes
The CHF/DKK price is 7.7406 DKK. The price is lower by -0.05% since the last closing with the lowest point at 7.7283 DKK and the highest point at 7.7544 DKK. The deviation from the price is +0.16% for the low point and -0.18% for the high point.7.7283
7.7544
7.7406
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
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 CHF/DKK in 1H shows a overall strongly bearish trend. 89.29% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Moving Average bullish crossovers : AMA20 & AMA50
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators shows a slightly bearish signal.
The Central Indicators scanner found no further results concerning independent technical indicators.
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
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 | 7.7039 | 7.7303 | 7.7400 | 7.7406 | 7.7502 | 7.7666 | 7.8032 |
| Change (%) | -0.47% | -0.13% | -0.01% | - | +0.12% | +0.34% | +0.81% |
| Change | -0.0367 | -0.0103 | -0.0006 | - | +0.0096 | +0.0260 | +0.0626 |
| Level | Intermediate | Minor | Intermediate | - | Intermediate | Intermediate | 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 | 7.7004 | 7.7202 | 7.7323 | 7.7521 | 7.7642 | 7.7840 | 7.7961 |
| Camarilla | 7.7357 | 7.7387 | 7.7416 | 7.7445 | 7.7474 | 7.7504 | 7.7533 |
| Woodie | 7.6967 | 7.7183 | 7.7286 | 7.7502 | 7.7605 | 7.7821 | 7.7924 |
| Fibonacci | 7.7202 | 7.7324 | 7.7399 | 7.7521 | 7.7643 | 7.7718 | 7.7840 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.5847 | 7.6576 | 7.6969 | 7.7698 | 7.8091 | 7.8820 | 7.9213 |
| Camarilla | 7.7054 | 7.7156 | 7.7259 | 7.7362 | 7.7465 | 7.7568 | 7.7671 |
| Woodie | 7.5679 | 7.6492 | 7.6801 | 7.7614 | 7.7923 | 7.8736 | 7.9045 |
| Fibonacci | 7.6576 | 7.7005 | 7.7269 | 7.7698 | 7.8127 | 7.8391 | 7.8820 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.4362 | 7.5683 | 7.6610 | 7.7931 | 7.8858 | 8.0179 | 8.1106 |
| Camarilla | 7.6920 | 7.7126 | 7.7332 | 7.7538 | 7.7744 | 7.7950 | 7.8156 |
| Woodie | 7.4166 | 7.5585 | 7.6414 | 7.7833 | 7.8662 | 8.0081 | 8.0910 |
| Fibonacci | 7.5683 | 7.6541 | 7.7072 | 7.7931 | 7.8789 | 7.9320 | 8.0179 |
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): | 45.62 | |
| MACD (12,26,9): | -0.0022 | |
| Directional Movement: | -10.6529 | |
| AROON (14): | -28.5714 | |
| DEMA (21): | 7.7406 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.7516 | |
| Elder Ray (13): | -0.0018 | |
| Super Trend (3,10): | 7.7593 | |
| Zig ZAG (10): | 7.7401 | |
| VORTEX (21): | 0.9765 | |
| Stochastique (14,3,5): | 29.55 | |
| TEMA (21): | 7.7389 | |
| Williams %R (14): | -57.09 | |
| Chande Momentum Oscillator (20): | -0.0059 | |
| Repulse (5,40,3): | 0.0002 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0031 | |
| Courbe Coppock: | 0.09 |
| MA7: | 7.7501 | |
| MA20: | 7.8166 | |
| MA50: | 7.7864 | |
| MA100: | 7.7593 | |
| MAexp7: | 7.7404 | |
| MAexp20: | 7.7432 | |
| MAexp50: | 7.7455 | |
| MAexp100: | 7.7504 | |
| Price / MA7: | -0.12% | |
| Price / MA20: | -0.97% | |
| Price / MA50: | -0.59% | |
| Price / MA100: | -0.24% | |
| Price / MAexp7: | +0.00% | |
| Price / MAexp20: | -0.03% | |
| Price / MAexp50: | -0.06% | |
| Price / MAexp100: | -0.13% |
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.
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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