CAD/DKK - 1H - Technical analysis published on 10/11/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bullish
Technical indicators
72%
0%
28%
My opinion
Bullish above 5.5468 DKK
My targets
5.5633 DKK (+0.0077)
5.5952 DKK (+0.0396)
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 5.5468 DKK. The buyers' bullish objective is set at 5.5633 DKK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 5.5952 DKK. If there is any crossing, the next objective would be the resistance located at 5.6273 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.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
5.2
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Additional analysis
Quotes
The CAD/DKK rating is 5.5556 DKK. On the day, this instrument lost -0.10% with the lowest point at 5.5320 DKK and the highest point at 5.5614 DKK. The deviation from the price is +0.43% for the low point and -0.10% for the high point.5.5320
5.5614
5.5556
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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 bullish trend. 64.29% of the signals given by moving averages are bullish. This bullish trend shows slight signs of slowing down given the slightly bullish signals given by the 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 50
Type : Bearish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, 13 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Bearish harami
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 5.4997 | 5.5328 | 5.5468 | 5.5556 | 5.5633 | 5.5952 | 5.6273 |
| Change (%) | -1.01% | -0.41% | -0.16% | - | +0.14% | +0.71% | +1.29% |
| Change | -0.0559 | -0.0228 | -0.0088 | - | +0.0077 | +0.0396 | +0.0717 |
| Level | Minor | Minor | Intermediate | - | Major | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.5079 | 5.5322 | 5.5467 | 5.5710 | 5.5855 | 5.6098 | 5.6243 |
| Camarilla | 5.5506 | 5.5542 | 5.5577 | 5.5613 | 5.5649 | 5.5684 | 5.5720 |
| Woodie | 5.5031 | 5.5298 | 5.5419 | 5.5686 | 5.5807 | 5.6074 | 5.6195 |
| Fibonacci | 5.5322 | 5.5470 | 5.5562 | 5.5710 | 5.5858 | 5.5950 | 5.6098 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.4096 | 5.4450 | 5.5020 | 5.5374 | 5.5944 | 5.6298 | 5.6868 |
| Camarilla | 5.5335 | 5.5420 | 5.5504 | 5.5589 | 5.5674 | 5.5758 | 5.5843 |
| Woodie | 5.4203 | 5.4504 | 5.5127 | 5.5428 | 5.6051 | 5.6352 | 5.6975 |
| Fibonacci | 5.4450 | 5.4803 | 5.5021 | 5.5374 | 5.5727 | 5.5945 | 5.6298 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.1519 | 5.3167 | 5.4005 | 5.5653 | 5.6491 | 5.8139 | 5.8977 |
| Camarilla | 5.4159 | 5.4387 | 5.4615 | 5.4843 | 5.5071 | 5.5299 | 5.5527 |
| Woodie | 5.1114 | 5.2965 | 5.3600 | 5.5451 | 5.6086 | 5.7937 | 5.8572 |
| Fibonacci | 5.3167 | 5.4117 | 5.4703 | 5.5653 | 5.6603 | 5.7189 | 5.8139 |
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): | 50.14 | |
| MACD (12,26,9): | -0.0013 | |
| Directional Movement: | 1.1108 | |
| AROON (14): | 85.7143 | |
| DEMA (21): | 5.5496 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.5462 | |
| Elder Ray (13): | 0.0026 | |
| Super Trend (3,10): | 5.5630 | |
| Zig ZAG (10): | 5.5540 | |
| VORTEX (21): | 0.9918 | |
| Stochastique (14,3,5): | 84.00 | |
| TEMA (21): | 5.5500 | |
| Williams %R (14): | -22.22 | |
| Chande Momentum Oscillator (20): | 0.0086 | |
| Repulse (5,40,3): | 0.0473 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0093 | |
| Courbe Coppock: | 0.25 |
| MA7: | 5.5413 | |
| MA20: | 5.5818 | |
| MA50: | 5.6446 | |
| MA100: | 5.6038 | |
| MAexp7: | 5.5530 | |
| MAexp20: | 5.5521 | |
| MAexp50: | 5.5533 | |
| MAexp100: | 5.5505 | |
| Price / MA7: | +0.26% | |
| Price / MA20: | -0.47% | |
| Price / MA50: | -1.58% | |
| Price / MA100: | -0.86% | |
| Price / MAexp7: | +0.05% | |
| Price / MAexp20: | +0.06% | |
| Price / MAexp50: | +0.04% | |
| Price / MAexp100: | +0.09% |
Quotes :
-
Real time data
-
Forex
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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