CAD/DKK - 1H - Technical analysis published on 06/29/2021 (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
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
44%
17%
39%
My opinion
Bearish under 5.0598 DKK
My targets
5.0438 DKK (-0.0105)
5.0382 DKK (-0.0161)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on CAD/DKK as long as the price remains well below 5.0598 DKK. The sellers' bearish objective is set at 5.0438 DKK. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 5.0382 DKK. In case of crossing, the next objective would be the support located at 5.0243 DKK. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
4.8
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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 5.0543 DKK. The price has increased by +0.00% since the last closing and was between 5.0534 DKK and 5.0592 DKK. This implies that the price is at +0.02% from its lowest and at -0.10% from its highest.5.0534
5.0592
5.0543
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
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 HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this CAD/DKK chart shows a sharp bearish trend. 89.29% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
In fact, only 8 technical indicators out of 18 studied are currently positioned bullish. Other results related to technical indicators were also found by the Central Indicators scanner:
Aroon indicator bullish trend
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Bearish engulfing lines
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 5.0382 | 5.0438 | 5.0534 | 5.0543 | 5.0598 | 5.0662 | 5.0742 |
| Change (%) | -0.32% | -0.21% | -0.02% | - | +0.11% | +0.24% | +0.39% |
| Change | -0.0161 | -0.0105 | -0.0009 | - | +0.0055 | +0.0119 | +0.0199 |
| Level | Minor | Major | Major | - | Intermediate | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 5.0244 | 5.0368 | 5.0456 | 5.0580 | 5.0668 | 5.0792 | 5.0880 |
| Camarilla | 5.0485 | 5.0504 | 5.0524 | 5.0543 | 5.0562 | 5.0582 | 5.0601 |
| Woodie | 5.0225 | 5.0359 | 5.0437 | 5.0571 | 5.0649 | 5.0783 | 5.0861 |
| Fibonacci | 5.0368 | 5.0449 | 5.0499 | 5.0580 | 5.0661 | 5.0711 | 5.0792 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.9726 | 4.9943 | 5.0308 | 5.0525 | 5.0890 | 5.1107 | 5.1472 |
| Camarilla | 5.0513 | 5.0566 | 5.0620 | 5.0673 | 5.0726 | 5.0780 | 5.0833 |
| Woodie | 4.9800 | 4.9980 | 5.0382 | 5.0562 | 5.0964 | 5.1144 | 5.1546 |
| Fibonacci | 4.9943 | 5.0165 | 5.0303 | 5.0525 | 5.0747 | 5.0885 | 5.1107 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.9126 | 4.9616 | 5.0013 | 5.0503 | 5.0900 | 5.1390 | 5.1787 |
| Camarilla | 5.0165 | 5.0246 | 5.0328 | 5.0409 | 5.0490 | 5.0572 | 5.0653 |
| Woodie | 4.9079 | 4.9593 | 4.9966 | 5.0480 | 5.0853 | 5.1367 | 5.1740 |
| Fibonacci | 4.9616 | 4.9955 | 5.0165 | 5.0503 | 5.0842 | 5.1052 | 5.1390 |
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): | 47.61 | |
| MACD (12,26,9): | -0.0013 | |
| Directional Movement: | -4.3478 | |
| AROON (14): | 71.4286 | |
| DEMA (21): | 5.0549 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.0531 | |
| Elder Ray (13): | 0.0005 | |
| Super Trend (3,10): | 5.0685 | |
| Zig ZAG (10): | 5.0563 | |
| VORTEX (21): | 0.9753 | |
| Stochastique (14,3,5): | 69.32 | |
| TEMA (21): | 5.0546 | |
| Williams %R (14): | -45.88 | |
| Chande Momentum Oscillator (20): | 0.0019 | |
| Repulse (5,40,3): | -0.0623 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0058 | |
| Courbe Coppock: | 0.02 |
| MA7: | 5.0583 | |
| MA20: | 5.0520 | |
| MA50: | 5.0376 | |
| MA100: | 4.9889 | |
| MAexp7: | 5.0559 | |
| MAexp20: | 5.0570 | |
| MAexp50: | 5.0591 | |
| MAexp100: | 5.0588 | |
| Price / MA7: | -0.08% | |
| Price / MA20: | +0.05% | |
| Price / MA50: | +0.33% | |
| Price / MA100: | +1.31% | |
| Price / MAexp7: | -0.04% | |
| Price / MAexp20: | -0.06% | |
| Price / MAexp50: | -0.10% | |
| Price / MAexp100: | -0.10% |
Quotes :
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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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