CAD/DKK - 1H - Technical analysis published on 05/12/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
33%
22%
44%
My opinion
Bullish above 5.0687 DKK
My targets
5.1112 DKK (+0.0339)
5.1726 DKK (+0.0953)
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 5.0687 DKK. The next resistance located at 5.1112 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 5.1726 DKK. After this resistance, buyers could then target 5.2267 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.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
6.4
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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 price is 5.0773 DKK. The price has increased by +0.32% since the last closing and was between 5.0572 DKK and 5.0994 DKK. This implies that the price is at +0.40% from its lowest and at -0.43% from its highest.5.0572
5.0994
5.0773
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
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. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 5.0600 | 5.0687 | 5.0767 | 5.0773 | 5.1112 | 5.1726 | 5.2267 |
| Change (%) | -0.34% | -0.17% | -0.01% | - | +0.67% | +1.88% | +2.94% |
| Change | -0.0173 | -0.0086 | -0.0006 | - | +0.0339 | +0.0953 | +0.1494 |
| Level | Minor | Minor | Intermediate | - | Minor | Minor | 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 | 5.0225 | 5.0322 | 5.0467 | 5.0564 | 5.0709 | 5.0806 | 5.0951 |
| Camarilla | 5.0547 | 5.0569 | 5.0591 | 5.0613 | 5.0635 | 5.0657 | 5.0680 |
| Woodie | 5.0250 | 5.0334 | 5.0492 | 5.0576 | 5.0734 | 5.0818 | 5.0976 |
| Fibonacci | 5.0322 | 5.0414 | 5.0471 | 5.0564 | 5.0656 | 5.0713 | 5.0806 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.9431 | 4.9769 | 5.0091 | 5.0429 | 5.0751 | 5.1089 | 5.1411 |
| Camarilla | 5.0232 | 5.0292 | 5.0353 | 5.0413 | 5.0474 | 5.0534 | 5.0595 |
| Woodie | 4.9423 | 4.9765 | 5.0083 | 5.0425 | 5.0743 | 5.1085 | 5.1403 |
| Fibonacci | 4.9769 | 5.0021 | 5.0177 | 5.0429 | 5.0681 | 5.0837 | 5.1089 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.7788 | 4.8366 | 4.9356 | 4.9934 | 5.0924 | 5.1502 | 5.2492 |
| Camarilla | 4.9916 | 5.0060 | 5.0203 | 5.0347 | 5.0491 | 5.0635 | 5.0778 |
| Woodie | 4.7995 | 4.8469 | 4.9563 | 5.0037 | 5.1131 | 5.1605 | 5.2699 |
| Fibonacci | 4.8366 | 4.8965 | 4.9335 | 4.9934 | 5.0533 | 5.0903 | 5.1502 |
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): | 55.03 | |
| MACD (12,26,9): | 0.0061 | |
| Directional Movement: | 6.2472 | |
| AROON (14): | 57.1429 | |
| DEMA (21): | 5.0835 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.0981 | |
| Elder Ray (13): | -0.0015 | |
| Super Trend (3,10): | 5.0699 | |
| Zig ZAG (10): | 5.0775 | |
| VORTEX (21): | 1.1263 | |
| Stochastique (14,3,5): | 40.18 | |
| TEMA (21): | 5.0846 | |
| Williams %R (14): | -62.89 | |
| Chande Momentum Oscillator (20): | 0.0081 | |
| Repulse (5,40,3): | -0.1584 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0184 | |
| Courbe Coppock: | 0.80 |
| MA7: | 5.0562 | |
| MA20: | 4.9956 | |
| MA50: | 4.9903 | |
| MA100: | 4.9031 | |
| MAexp7: | 5.0811 | |
| MAexp20: | 5.0756 | |
| MAexp50: | 5.0669 | |
| MAexp100: | 5.0587 | |
| Price / MA7: | +0.42% | |
| Price / MA20: | +1.64% | |
| Price / MA50: | +1.74% | |
| Price / MA100: | +3.55% | |
| Price / MAexp7: | -0.07% | |
| Price / MAexp20: | +0.03% | |
| Price / MAexp50: | +0.21% | |
| Price / MAexp100: | +0.37% |
Quotes :
-
Real time data
-
Forex
This member declared not having a position on this financial instrument or a related financial instrument.
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