CAD/DKK - 1H - Technical analysis published on 09/01/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
39%
33%
28%
My opinion
Bearish under 4.7770 DKK
My targets
4.7559 DKK (-0.0144)
4.7482 DKK (-0.0221)
My analysis
The bearish trend is currently very strong for CAD/DKK. As long as the price remains below the resistance at 4.7770 DKK, you could try to take advantage of the bearish rally. The first bearish objective is located at 4.7559 DKK. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 4.7482 DKK as an objective. Crossing it would then enable sellers to target 4.7021 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, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
5.9
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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
CAD/DKK rating 4.7703 DKK. The price is lower by -0.25% since the last closing and was traded between 4.7564 DKK and 4.7856 DKK over the period. The price is currently at +0.29% from its lowest and -0.32% from its highest.4.7564
4.7856
4.7703
A study of price movements over other periods shows the following variations:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
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. An assessment of moving averages reveals a bearish signal that could impact this trend:
Moving Average bearish crossovers : MA20 & MA50
Type : Bearish
Timeframe : 1 hour
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
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Three black crows
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4.7021 | 4.7482 | 4.7559 | 4.7703 | 4.7707 | 4.7770 | 4.7838 |
| Change (%) | -1.43% | -0.46% | -0.30% | - | +0.01% | +0.14% | +0.28% |
| Change | -0.0682 | -0.0221 | -0.0144 | - | +0.0004 | +0.0067 | +0.0135 |
| Level | Major | Minor | Minor | - | Major | 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 | 4.7507 | 4.7604 | 4.7713 | 4.7810 | 4.7919 | 4.8016 | 4.8125 |
| Camarilla | 4.7766 | 4.7785 | 4.7804 | 4.7823 | 4.7842 | 4.7861 | 4.7880 |
| Woodie | 4.7514 | 4.7607 | 4.7720 | 4.7813 | 4.7926 | 4.8019 | 4.8132 |
| Fibonacci | 4.7604 | 4.7682 | 4.7731 | 4.7810 | 4.7888 | 4.7937 | 4.8016 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.6932 | 4.7245 | 4.7483 | 4.7796 | 4.8034 | 4.8347 | 4.8585 |
| Camarilla | 4.7569 | 4.7619 | 4.7670 | 4.7720 | 4.7771 | 4.7821 | 4.7872 |
| Woodie | 4.6894 | 4.7226 | 4.7445 | 4.7777 | 4.7996 | 4.8328 | 4.8547 |
| Fibonacci | 4.7245 | 4.7456 | 4.7586 | 4.7796 | 4.8007 | 4.8137 | 4.8347 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.6192 | 4.6633 | 4.7228 | 4.7669 | 4.8264 | 4.8705 | 4.9300 |
| Camarilla | 4.7538 | 4.7633 | 4.7728 | 4.7823 | 4.7918 | 4.8013 | 4.8108 |
| Woodie | 4.6269 | 4.6672 | 4.7305 | 4.7708 | 4.8341 | 4.8744 | 4.9377 |
| Fibonacci | 4.6633 | 4.7029 | 4.7273 | 4.7669 | 4.8065 | 4.8309 | 4.8705 |
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): | 41.40 | |
| MACD (12,26,9): | -0.0027 | |
| Directional Movement: | -7.6936 | |
| AROON (14): | -35.7142 | |
| DEMA (21): | 4.7714 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.7828 | |
| Elder Ray (13): | -0.0034 | |
| Super Trend (3,10): | 4.7852 | |
| Zig ZAG (10): | 4.7691 | |
| VORTEX (21): | 0.9152 | |
| Stochastique (14,3,5): | 25.68 | |
| TEMA (21): | 4.7701 | |
| Williams %R (14): | -52.05 | |
| Chande Momentum Oscillator (20): | 0.0009 | |
| Repulse (5,40,3): | 0.0261 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0044 | |
| Courbe Coppock: | 0.32 |
| MA7: | 4.7798 | |
| MA20: | 4.7600 | |
| MA50: | 4.7910 | |
| MA100: | 4.8419 | |
| MAexp7: | 4.7710 | |
| MAexp20: | 4.7741 | |
| MAexp50: | 4.7775 | |
| MAexp100: | 4.7789 | |
| Price / MA7: | -0.20% | |
| Price / MA20: | +0.22% | |
| Price / MA50: | -0.43% | |
| Price / MA100: | -1.48% | |
| Price / MAexp7: | -0.01% | |
| Price / MAexp20: | -0.08% | |
| Price / MAexp50: | -0.15% | |
| Price / MAexp100: | -0.18% |
Quotes :
2020-09-01 14:39:52
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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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