CHF/DKK - 1H - Technical analysis published on 01/22/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
56%
28%
My opinion
Bearish under 7.8912 DKK
My targets
7.8362 DKK (-0.0438)
7.7927 DKK (-0.0873)
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 7.8912 DKK. The sellers' bearish objective is set at 7.8362 DKK. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 7.7927 DKK. In case of crossing, the next objective would be the support located at 7.7035 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
7.3
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
CHF/DKK rating 7.8800 DKK. On the day, this instrument lost -0.02% and was between 7.8724 DKK and 7.8952 DKK. This implies that the price is at +0.10% from its lowest and at -0.19% from its highest.7.8724
7.8952
7.8800
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
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this CHF/DKK chart shows a sharp 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 is currently detecting several bearish signals that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, 10 technical indicators out of 18 analysed are currently bearish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Momentum indicator is back under 0
Type : Bearish
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 resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
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 | 7.7035 | 7.8362 | 7.8792 | 7.8800 | 7.8912 | 7.9045 | 7.9148 |
| Change (%) | -2.24% | -0.56% | -0.01% | - | +0.14% | +0.31% | +0.44% |
| Change | -0.1765 | -0.0438 | -0.0008 | - | +0.0112 | +0.0245 | +0.0348 |
| Level | Major | Major | Intermediate | - | Minor | Minor | Minor |
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 | 7.8463 | 7.8598 | 7.8709 | 7.8844 | 7.8955 | 7.9090 | 7.9201 |
| Camarilla | 7.8751 | 7.8774 | 7.8797 | 7.8819 | 7.8842 | 7.8864 | 7.8887 |
| Woodie | 7.8450 | 7.8592 | 7.8696 | 7.8838 | 7.8942 | 7.9084 | 7.9188 |
| Fibonacci | 7.8598 | 7.8692 | 7.8750 | 7.8844 | 7.8938 | 7.8996 | 7.9090 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.7120 | 7.7927 | 7.8373 | 7.9180 | 7.9626 | 8.0433 | 8.0879 |
| Camarilla | 7.8474 | 7.8589 | 7.8704 | 7.8819 | 7.8934 | 7.9049 | 7.9164 |
| Woodie | 7.6940 | 7.7837 | 7.8193 | 7.9090 | 7.9446 | 8.0343 | 8.0699 |
| Fibonacci | 7.7927 | 7.8406 | 7.8701 | 7.9180 | 7.9659 | 7.9954 | 8.0433 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.2860 | 7.5483 | 7.7913 | 8.0536 | 8.2966 | 8.5589 | 8.8019 |
| Camarilla | 7.8953 | 7.9417 | 7.9880 | 8.0343 | 8.0806 | 8.1269 | 8.1733 |
| Woodie | 7.2764 | 7.5435 | 7.7817 | 8.0488 | 8.2870 | 8.5541 | 8.7923 |
| Fibonacci | 7.5483 | 7.7413 | 7.8606 | 8.0536 | 8.2466 | 8.3659 | 8.5589 |
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): | 42.07 | |
| MACD (12,26,9): | -0.0008 | |
| Directional Movement: | 1.3678 | |
| AROON (14): | 42.8571 | |
| DEMA (21): | 7.8824 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.8764 | |
| Elder Ray (13): | -0.0041 | |
| Super Trend (3,10): | 7.8957 | |
| Zig ZAG (10): | 7.8796 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 40.94 | |
| TEMA (21): | 7.8854 | |
| Williams %R (14): | -72.81 | |
| Chande Momentum Oscillator (20): | -0.0015 | |
| Repulse (5,40,3): | -0.0726 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0021 | |
| Courbe Coppock: | 0.10 |
| MA7: | 7.9261 | |
| MA20: | 7.9686 | |
| MA50: | 7.8733 | |
| MA100: | 7.8298 | |
| MAexp7: | 7.8840 | |
| MAexp20: | 7.8840 | |
| MAexp50: | 7.8912 | |
| MAexp100: | 7.9092 | |
| Price / MA7: | -0.58% | |
| Price / MA20: | -1.11% | |
| Price / MA50: | +0.09% | |
| Price / MA100: | +0.64% | |
| Price / MAexp7: | -0.05% | |
| Price / MAexp20: | -0.05% | |
| Price / MAexp50: | -0.14% | |
| Price / MAexp100: | -0.37% |
Quotes :
-
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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