CAD/DKK - 1H - Technical analysis published on 11/27/2020 (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 bearish
De fond:
Strongly bearish
Technical indicators
28%
33%
39%
My opinion
Bearish under 4.8088 DKK
My targets
4.7896 DKK (-0.0070)
4.7785 DKK (-0.0181)
My analysis
CAD/DKK is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 4.8088 DKK. The next support located at 4.7896 DKK is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 4.7785 DKK. Below this support, sellers could then target 4.7731 DKK. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
5.2
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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 4.7966 DKK. The price registered a decrease of -0.06% on the session with the lowest point at 4.7953 DKK and the highest point at 4.8005 DKK. The deviation from the price is +0.03% for the low point and -0.08% for the high point.4.7953
4.8005
4.7966
Here is a more detailed summary of the historical variations registered by CAD/DKK:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this CAD/DKK chart shows a sharp bearish trend. 82.14% 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 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:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Support of triangle 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 | 4.7785 | 4.7896 | 4.7954 | 4.7966 | 4.8013 | 4.8088 | 4.8128 |
| Change (%) | -0.38% | -0.15% | -0.03% | - | +0.10% | +0.25% | +0.34% |
| Change | -0.0181 | -0.0070 | -0.0012 | - | +0.0047 | +0.0122 | +0.0162 |
| Level | Minor | Minor | Major | - | Minor | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.7746 | 4.7850 | 4.7921 | 4.8025 | 4.8096 | 4.8200 | 4.8271 |
| Camarilla | 4.7945 | 4.7961 | 4.7977 | 4.7993 | 4.8009 | 4.8025 | 4.8041 |
| Woodie | 4.7731 | 4.7842 | 4.7906 | 4.8017 | 4.8081 | 4.8192 | 4.8256 |
| Fibonacci | 4.7850 | 4.7917 | 4.7958 | 4.8025 | 4.8092 | 4.8133 | 4.8200 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.7384 | 4.7585 | 4.7780 | 4.7981 | 4.8176 | 4.8377 | 4.8572 |
| Camarilla | 4.7867 | 4.7903 | 4.7940 | 4.7976 | 4.8012 | 4.8049 | 4.8085 |
| Woodie | 4.7382 | 4.7584 | 4.7778 | 4.7980 | 4.8174 | 4.8376 | 4.8570 |
| Fibonacci | 4.7585 | 4.7736 | 4.7829 | 4.7981 | 4.8132 | 4.8225 | 4.8377 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.6716 | 4.7117 | 4.7563 | 4.7964 | 4.8410 | 4.8811 | 4.9257 |
| Camarilla | 4.7777 | 4.7855 | 4.7932 | 4.8010 | 4.8088 | 4.8165 | 4.8243 |
| Woodie | 4.6740 | 4.7128 | 4.7587 | 4.7975 | 4.8434 | 4.8822 | 4.9281 |
| Fibonacci | 4.7117 | 4.7440 | 4.7640 | 4.7964 | 4.8287 | 4.8487 | 4.8811 |
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): | 45.64 | |
| MACD (12,26,9): | -0.0015 | |
| Directional Movement: | -6.1350 | |
| AROON (14): | -78.5714 | |
| DEMA (21): | 4.7980 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.8060 | |
| Elder Ray (13): | -0.0004 | |
| Super Trend (3,10): | 4.8084 | |
| Zig ZAG (10): | 4.7993 | |
| VORTEX (21): | 0.9431 | |
| Stochastique (14,3,5): | 36.73 | |
| TEMA (21): | 4.7973 | |
| Williams %R (14): | -66.67 | |
| Chande Momentum Oscillator (20): | 0.0007 | |
| Repulse (5,40,3): | -0.0097 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0046 | |
| Courbe Coppock: | 0.22 |
| MA7: | 4.8026 | |
| MA20: | 4.8129 | |
| MA50: | 4.7948 | |
| MA100: | 4.7821 | |
| MAexp7: | 4.7980 | |
| MAexp20: | 4.8000 | |
| MAexp50: | 4.8024 | |
| MAexp100: | 4.8035 | |
| Price / MA7: | -0.12% | |
| Price / MA20: | -0.34% | |
| Price / MA50: | +0.04% | |
| Price / MA100: | +0.30% | |
| Price / MAexp7: | -0.03% | |
| Price / MAexp20: | -0.07% | |
| Price / MAexp50: | -0.12% | |
| Price / MAexp100: | -0.14% |
Quotes :
2020-11-27 08:05:01
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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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