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 07/29/2022 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Bullish
Underlying: Bullish
Technical indicators
39%
28%
33%
My opinion
Bullish above 5.6854 DKK
My targets
5.7413 DKK (+0.0392)
5.8000 DKK (+0.0979)
My analysis
All elements being rather bullish, it would be possible for traders to only trade long positions (at the time of purchase) on CAD/DKK as long as the price remains well above 5.6854 DKK. The buyers' bullish objective is set at 5.7413 DKK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 5.8000 DKK. If there is any crossing, the next objective would be the resistance located at 5.9529 DKK. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bullish, basic trend. If you have another key point closer to the current price, it would be better to only trade long positions (at the time of purchase) above that key point.

Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
3.6

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

Additional analysis

Quotes

CAD/DKK rating 5.7021 DKK. The price registered a decrease of -0.01% on the session and was traded between 5.6642 DKK and 5.7052 DKK over the period. The price is currently at +0.67% from its lowest and -0.05% from its highest.

5.6642
5.7052
5.7021

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by CAD/DKK:
The Central Records scanner for higher/lower results shows the following items:

Central Records

New HIGH record (5 years)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of this 1H chart of CAD/DKK indicates that the overall trend is bullish. The signals given by moving averages are 67.86% bullish. This bullish trend is slowing down slightly given the slightly bullish signals of short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:

Central Indicators

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 trend reversal : adaptative moving average 100

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with Moving Average 100

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : 1 hour



In fact, of the 18 technical indicators analysed by Central Analyzer, 7 are bullish, 6 are neutral and 5 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

RSI indicator is back over 50

Type : Bullish

Timeframe : 1 hour


Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : 1 hour


Price is back over the pivot point

Type : Bullish

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:

Central Patterns

Near horizontal support

Type : Bullish

Timeframe : 1 hour


Support of channel is broken

Type : Bearish

Timeframe : 1 hour



The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:

Central Candlesticks

Doji

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 5.6012 5.6325 5.6854 5.7021 5.7041 5.7413 5.9529
Change (%) -1.77% -1.22% -0.29% - +0.04% +0.69% +4.40%
Change -0.1009 -0.0696 -0.0167 - +0.0020 +0.0392 +0.2508
Level Minor Intermediate Major - Minor Intermediate Intermediate



Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard5.61045.64435.67345.70735.73645.77035.7994
Camarilla5.68515.69095.69665.70245.70825.71405.7197
Woodie5.60795.64315.67095.70615.73395.76915.7969
Fibonacci5.64435.66845.68335.70735.73145.74635.7703


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard5.49135.54625.59425.64915.69715.75205.8000
Camarilla5.61385.62325.63275.64215.65155.66105.6704
Woodie5.48785.54455.59075.64745.69365.75035.7965
Fibonacci5.54625.58555.60985.64915.68845.71275.7520


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard5.30645.36495.43915.49765.57185.63035.7045
Camarilla5.47695.48915.50125.51345.52565.53775.5499
Woodie5.31445.36885.44715.50155.57985.63425.7125
Fibonacci5.36495.41565.44695.49765.54835.57965.6303

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): 50.48
MACD (12,26,9): -0.0057
Directional Movement: -7.8706
AROON (14): -71.4286
DEMA (21): 5.6837
Parabolic SAR (0,02-0,02-0,2): 5.6642
Elder Ray (13): -0.0013
Super Trend (3,10): 5.7088
Zig ZAG (10): 5.6924
VORTEX (21): 0.8821
Stochastique (14,3,5): 36.10
TEMA (21): 5.6790
Williams %R (14): -31.22
Chande Momentum Oscillator (20): -0.0079
Repulse (5,40,3): 0.2355
ROCnROLL: -1
TRIX (15,9): -0.0110
Courbe Coppock: 0.70
MA7: 5.6797
MA20: 5.6578
MA50: 5.5535
MA100: 5.4952
MAexp7: 5.6837
MAexp20: 5.6904
MAexp50: 5.6944
MAexp100: 5.6901
Price / MA7: +0.39%
Price / MA20: +0.78%
Price / MA50: +2.68%
Price / MA100: +3.77%
Price / MAexp7: +0.32%
Price / MAexp20: +0.20%
Price / MAexp50: +0.13%
Price / MAexp100: +0.21%

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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