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

CAD/DKK - 1H - Technical analysis published on 09/06/2022 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

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Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Neutral
Technical indicators
28%
61%
11%
My opinion
Bearish under 5.7208 DKK
My targets
5.6601 DKK (-0.0295)
5.6309 DKK (-0.0587)
My analysis
The current short-term bearish trend is expected to quickly fix the basic bearish trend. To avoid contradicting the short term, it would be possible to favour short positions (for sale) for CAD/DKK as long as the price remains well below 5.7208 DKK. The sellers' bearish objective is set at 5.6601 DKK. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 5.6309 DKK. If there is any crossing, the next objective would be the support located at 5.6146 DKK.

In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
2.9

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

Additional analysis

Quotes

The CAD/DKK rating is 5.6896 DKK. On the day, this instrument lost -0.04% and was traded between 5.6797 DKK and 5.7018 DKK over the period. The price is currently at +0.17% from its lowest and -0.21% from its highest.

5.6797
5.7018
5.6896

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Central Gaps

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:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

Near a 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 HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


A technical analysis in 1H of this CAD/DKK chart shows a neutral trend. The strong bearish signals currently being given by short-term moving averages could allow the overall trend to return to a bearish trend. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Central Indicators

Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : 1 hour



In fact, of the 18 technical indicators analysed by Central Analyzer, 5 are bullish, 2 are neutral and 11 are bearish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour


Previous candle closed under Bollinger bands

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found this result concerning these indicators:

Central Indicators

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Central Patterns

Near horizontal support

Type : Bullish

Timeframe : 1 hour


Near support of channel

Type : Bullish

Timeframe : 1 hour



No result was found by the Central Candlesticks scanner on Japanese candlesticks.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 5.6309 5.6601 5.6854 5.6896 5.7208 5.7416 5.7651
Change (%) -1.03% -0.52% -0.07% - +0.55% +0.91% +1.33%
Change -0.0587 -0.0295 -0.0042 - +0.0312 +0.0520 +0.0755
Level Minor Minor Major - Minor Intermediate Intermediate



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard5.64765.66795.67995.70025.71225.73255.7445
Camarilla5.68305.68605.68895.69195.69495.69785.7008
Woodie5.64355.66585.67585.69815.70815.73045.7404
Fibonacci5.66795.68025.68795.70025.71255.72025.7325


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard5.49695.55575.62325.68205.74955.80835.8758
Camarilla5.65595.66755.67905.69065.70225.71385.7253
Woodie5.50125.55795.62755.68425.75385.81055.8801
Fibonacci5.55575.60405.63385.68205.73035.76015.8083


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard5.39815.50165.56945.67295.74075.84425.9120
Camarilla5.59025.60595.62165.63735.65305.66875.6844
Woodie5.38045.49275.55175.66405.72305.83535.8943
Fibonacci5.50165.56705.60745.67295.73835.77875.8442

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): 41.04
MACD (12,26,9): -0.0016
Directional Movement: -16.4057
AROON (14): -92.8571
DEMA (21): 5.6942
Parabolic SAR (0,02-0,02-0,2): 5.7043
Elder Ray (13): -0.0080
Super Trend (3,10): 5.7097
Zig ZAG (10): 5.6865
VORTEX (21): 0.9362
Stochastique (14,3,5): 27.37
TEMA (21): 5.6893
Williams %R (14): -71.95
Chande Momentum Oscillator (20): -0.0113
Repulse (5,40,3): -0.1382
ROCnROLL: 2
TRIX (15,9): 0.0005
Courbe Coppock: 0.29
MA7: 5.6818
MA20: 5.6951
MA50: 5.6659
MA100: 5.5737
MAexp7: 5.6916
MAexp20: 5.6951
MAexp50: 5.6918
MAexp100: 5.6897
Price / MA7: +0.14%
Price / MA20: -0.10%
Price / MA50: +0.42%
Price / MA100: +2.08%
Price / MAexp7: -0.04%
Price / MAexp20: -0.10%
Price / MAexp50: -0.04%
Price / MAexp100: +0.00%

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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