CAD/DKK - 1H - Technical analysis published on 04/06/2020 (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
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
56%
11%
33%
My opinion
Bullish above 4.8525 DKK
My targets
4.9087 DKK (+0.0236)
4.9318 DKK (+0.0467)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on CAD/DKK as long as the price remains well above 4.8525 DKK. The buyers” bullish objective is set at 4.9087 DKK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 4.9318 DKK. If there is any crossing, the next objective would be the resistance located at 5.0087 DKK. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
7.5
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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 CAD/DKK rating is 4.8851 DKK. The price has increased by +0.43% since the last closing and was traded between 4.8415 DKK and 4.9047 DKK over the period. The price is currently at +0.90% from its lowest and -0.40% from its highest.4.8415
4.9047
4.8851
A bearish gap was detected at the opening by the Central Gaps scanner. There are a lot of sellers and they have the upper hand in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
The Central Volumes scanner notes the presence of abnormal volumes:
Abnormal volumes
Timeframe : 20 days
Technical
A technical analysis in 1H of this CAD/DKK chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 10 technical indicators on 18 studied are currently bullish. Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
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
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4.7677 | 4.8044 | 4.8448 | 4.8851 | 4.8867 | 4.9087 | 5.0087 |
| Change (%) | -2.40% | -1.65% | -0.82% | - | +0.03% | +0.48% | +2.53% |
| Change | -0.1174 | -0.0807 | -0.0403 | - | +0.0016 | +0.0236 | +0.1236 |
| Level | Major | Minor | Intermediate | - | Major | Major | 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 | 4.7923 | 4.8245 | 4.8443 | 4.8765 | 4.8963 | 4.9285 | 4.9483 |
| Camarilla | 4.8498 | 4.8546 | 4.8593 | 4.8641 | 4.8689 | 4.8736 | 4.8784 |
| Woodie | 4.7861 | 4.8214 | 4.8381 | 4.8734 | 4.8901 | 4.9254 | 4.9421 |
| Fibonacci | 4.8245 | 4.8444 | 4.8566 | 4.8765 | 4.8964 | 4.9086 | 4.9285 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.6148 | 4.6825 | 4.7733 | 4.8410 | 4.9318 | 4.9995 | 5.0903 |
| Camarilla | 4.8205 | 4.8350 | 4.8496 | 4.8641 | 4.8786 | 4.8932 | 4.9077 |
| Woodie | 4.6264 | 4.6883 | 4.7849 | 4.8468 | 4.9434 | 5.0053 | 5.1019 |
| Fibonacci | 4.6825 | 4.7431 | 4.7805 | 4.8410 | 4.9016 | 4.9390 | 4.9995 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.2295 | 4.4512 | 4.6308 | 4.8525 | 5.0321 | 5.2538 | 5.4334 |
| Camarilla | 4.7001 | 4.7369 | 4.7737 | 4.8105 | 4.8473 | 4.8841 | 4.9209 |
| Woodie | 4.2086 | 4.4407 | 4.6099 | 4.8420 | 5.0112 | 5.2433 | 5.4125 |
| Fibonacci | 4.4512 | 4.6045 | 4.6992 | 4.8525 | 5.0058 | 5.1005 | 5.2538 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 57.91 | |
| MACD (12,26,9): | 0.0070 | |
| Directional Movement: | 4.9424 | |
| AROON (14): | 57.1429 | |
| DEMA (21): | 4.8926 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.8704 | |
| Elder Ray (13): | 0.0049 | |
| Super Trend (3,10): | 4.8613 | |
| Zig ZAG (10): | 4.8889 | |
| VORTEX (21): | 1.0596 | |
| Stochastique (14,3,5): | 72.72 | |
| TEMA (21): | 4.8935 | |
| Williams %R (14): | -34.30 | |
| Chande Momentum Oscillator (20): | 0.0209 | |
| Repulse (5,40,3): | -0.0524 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0156 | |
| Courbe Coppock: | 1.34 |
| MA7: | 4.8300 | |
| MA20: | 4.8145 | |
| MA50: | 4.9932 | |
| MA100: | 5.0567 | |
| MAexp7: | 4.8903 | |
| MAexp20: | 4.8845 | |
| MAexp50: | 4.8702 | |
| MAexp100: | 4.8508 | |
| Price / MA7: | +1.14% | |
| Price / MA20: | +1.47% | |
| Price / MA50: | -2.16% | |
| Price / MA100: | -3.39% | |
| Price / MAexp7: | -0.11% | |
| Price / MAexp20: | +0.00% | |
| Price / MAexp50: | +0.30% | |
| Price / MAexp100: | +0.70% |
This member declared not having a position on this financial instrument or a related financial instrument.
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