CAD/DKK - 1H - Technical analysis published on 10/25/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
56%
11%
33%
My opinion
Bearish under 5.1798 DKK
My targets
5.1663 DKK (-0.0057)
5.1552 DKK (-0.0168)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on CAD/DKK. As long as you are under the resistance located at 5.1798 DKK, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 5.1663 DKK would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 5.1552 DKK as an objective. Crossing it would then enable sellers to target 5.0438 DKK. If the resistance 5.1798 DKK were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
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
2.5
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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 5.1720 DKK. On the day, this instrument gained +0.07% and was traded between 5.1622 DKK and 5.1731 DKK over the period. The price is currently at +0.19% from its lowest and -0.02% from its highest.5.1622
5.1731
5.1720
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 (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this CAD/DKK chart shows a bearish trend. 78.57% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 10 technical indicators on 18 studied are currently bullish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Aroon indicator bullish trend
Type : Bullish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 5.1627 | 5.1663 | 5.1713 | 5.1720 | 5.1798 | 5.1874 | 5.1926 |
| Change (%) | -0.18% | -0.11% | -0.01% | - | +0.15% | +0.30% | +0.40% |
| Change | -0.0093 | -0.0057 | -0.0007 | - | +0.0078 | +0.0154 | +0.0206 |
| Level | Minor | Intermediate | Intermediate | - | Minor | Major | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.1283 | 5.1460 | 5.1571 | 5.1748 | 5.1859 | 5.2036 | 5.2147 |
| Camarilla | 5.1603 | 5.1629 | 5.1656 | 5.1682 | 5.1708 | 5.1735 | 5.1761 |
| Woodie | 5.1250 | 5.1444 | 5.1538 | 5.1732 | 5.1826 | 5.2020 | 5.2114 |
| Fibonacci | 5.1460 | 5.1570 | 5.1638 | 5.1748 | 5.1858 | 5.1926 | 5.2036 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.1264 | 5.1445 | 5.1564 | 5.1745 | 5.1864 | 5.2045 | 5.2164 |
| Camarilla | 5.1600 | 5.1627 | 5.1655 | 5.1682 | 5.1710 | 5.1737 | 5.1765 |
| Woodie | 5.1232 | 5.1430 | 5.1532 | 5.1730 | 5.1832 | 5.2030 | 5.2132 |
| Fibonacci | 5.1445 | 5.1560 | 5.1631 | 5.1745 | 5.1860 | 5.1931 | 5.2045 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.8146 | 4.8697 | 4.9675 | 5.0226 | 5.1204 | 5.1755 | 5.2733 |
| Camarilla | 5.0233 | 5.0373 | 5.0513 | 5.0653 | 5.0793 | 5.0933 | 5.1074 |
| Woodie | 4.8360 | 4.8804 | 4.9889 | 5.0333 | 5.1418 | 5.1862 | 5.2947 |
| Fibonacci | 4.8697 | 4.9281 | 4.9642 | 5.0226 | 5.0810 | 5.1171 | 5.1755 |
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): | 45.74 | |
| MACD (12,26,9): | -0.0024 | |
| Directional Movement: | -2.2855 | |
| AROON (14): | 42.8572 | |
| DEMA (21): | 5.1671 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.1715 | |
| Elder Ray (13): | -0.0005 | |
| Super Trend (3,10): | 5.1827 | |
| Zig ZAG (10): | 5.1693 | |
| VORTEX (21): | 0.8636 | |
| Stochastique (14,3,5): | 57.50 | |
| TEMA (21): | 5.1666 | |
| Williams %R (14): | -40.57 | |
| Chande Momentum Oscillator (20): | 0.0023 | |
| Repulse (5,40,3): | 0.0459 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0077 | |
| Courbe Coppock: | 0.14 |
| MA7: | 5.1763 | |
| MA20: | 5.1337 | |
| MA50: | 5.0455 | |
| MA100: | 5.0404 | |
| MAexp7: | 5.1687 | |
| MAexp20: | 5.1704 | |
| MAexp50: | 5.1740 | |
| MAexp100: | 5.1759 | |
| Price / MA7: | -0.08% | |
| Price / MA20: | +0.75% | |
| Price / MA50: | +2.51% | |
| Price / MA100: | +2.61% | |
| Price / MAexp7: | +0.06% | |
| Price / MAexp20: | +0.03% | |
| Price / MAexp50: | -0.04% | |
| Price / MAexp100: | -0.08% |
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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