CAD/DKK
CAD DKK
- DKK (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: CADDKK
ISIN:

CAD/DKK - 1H - Technical analysis published on 03/25/2021 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Strongly bullish
Technical indicators
61%
6%
33%
My opinion
Bullish above 5.0016 DKK
My targets
5.0191 DKK (+0.0105)
5.0438 DKK (+0.0352)
My analysis
CAD/DKK is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 5.0016 DKK. The next resistance located at 5.0191 DKK is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 5.0438 DKK. After this resistance, buyers could then target 5.1726 DKK. With the current pattern, you will need to monitor for possible bullish 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 bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
7.9

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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

CAD/DKK rating 5.0086 DKK. The price registered an increase of +0.09% on the session with the lowest point at 4.9911 DKK and the highest point at 5.0168 DKK. The deviation from the price is +0.35% for the low point and -0.16% for the high point.

4.9911
5.0168
5.0086

A study of price movements over other periods shows the following variations:

Technical


Technical analysis of CAD/DKK in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:

Central Indicators

Bullish trend reversal : Moving Average 20

Type : Bullish

Timeframe : 1 hour


Bullish trend reversal : Moving Average 100

Type : Bullish

Timeframe : 1 hour


Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : 1 hour


Bullish trend reversal : adaptative moving average 50

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : 1 hour



In fact, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

Previous candle closed under Bollinger bands

Type : Neutral

Timeframe : 1 hour


CCI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour


CCI indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour


MACD indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour


MACD indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour


RSI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour


RSI indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly


Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 1 hour


Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly


Pivot points : price is under support 3

Type : Neutral

Timeframe : 1 hour


Momentum indicator is back over 0

Type : Bullish

Timeframe : 1 hour


Williams %R indicator is back over -50

Type : Bullish

Timeframe : 1 hour



Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 4.9849 4.9926 5.0016 5.0086 5.0113 5.0191 5.0241
Change (%) -0.47% -0.32% -0.14% - +0.05% +0.21% +0.31%
Change -0.0237 -0.0160 -0.0070 - +0.0027 +0.0105 +0.0155
Level Intermediate Minor Minor - Major Minor 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
Standard4.95644.96894.98654.99905.01665.02915.0467
Camarilla4.99584.99865.00135.00415.00695.00965.0124
Woodie4.95904.97024.98915.00035.01925.03045.0493
Fibonacci4.96894.98044.98754.99905.01055.01765.0291


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard4.94104.96284.98045.00225.01985.04165.0592
Camarilla4.98714.99074.99434.99795.00155.00515.0087
Woodie4.93884.96184.97825.00125.01765.04065.0570
Fibonacci4.96284.97794.98725.00225.01735.02665.0416


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard4.68134.73374.78454.83694.88774.94014.9909
Camarilla4.80704.81654.82594.83544.84494.85434.8638
Woodie4.68064.73334.78384.83654.88704.93974.9902
Fibonacci4.73374.77314.79744.83694.87634.90064.9401

Numerical data


The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators
Moving averages

RSI (14): 57.38
MACD (12,26,9): 0.0016
Directional Movement: 1.5610
AROON (14): -28.5714
DEMA (21): 5.0072
Parabolic SAR (0,02-0,02-0,2): 5.0128
Elder Ray (13): 0.0028
Super Trend (3,10): 5.0194
Zig ZAG (10): 5.0106
VORTEX (21): 1.0225
Stochastique (14,3,5): 49.55
TEMA (21): 5.0055
Williams %R (14): -25.29
Chande Momentum Oscillator (20): 0.0059
Repulse (5,40,3): 0.1712
ROCnROLL: 1
TRIX (15,9): 0.0071
Courbe Coppock: 0.03
MA7: 4.9972
MA20: 4.9534
MA50: 4.8815
MA100: 4.8355
MAexp7: 5.0060
MAexp20: 5.0044
MAexp50: 4.9998
MAexp100: 4.9964
Price / MA7: +0.23%
Price / MA20: +1.11%
Price / MA50: +2.60%
Price / MA100: +3.58%
Price / MAexp7: +0.05%
Price / MAexp20: +0.08%
Price / MAexp50: +0.18%
Price / MAexp100: +0.24%

Quotes : 2021-03-25 17:04:57 - Real time data - Forex

This member declared not having a position on this financial instrument or a related financial instrument.

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