CAD/DKK - 1H - Technical analysis published on 11/21/2022 (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 bullish
Underlying:
Neutral
Technical indicators
78%
0%
22%
My opinion
Bullish above 5.3497 DKK
My targets
5.3924 DKK (+0.0077)
5.4058 DKK (+0.0211)
My analysis
The current short-term bullish trend should quickly fix the basic bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for CAD/DKK as long as the price remains well above 5.3497 DKK. The buyers' bullish objective is set at 5.3924 DKK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 5.4058 DKK. If there is any crossing, the next objective would be the resistance located at 5.4336 DKK.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
3.6
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Additional analysis
Quotes
The CAD/DKK rating is 5.3847 DKK. On the day, this instrument lost -0.01% with the lowest point at 5.3782 DKK and the highest point at 5.3880 DKK. The deviation from the price is +0.12% for the low point and -0.06% for the high point.5.3782
5.3880
5.3847
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
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 (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of CAD/DKK indicates that the overall trend is not clearly defined. This indecision could turn into a bullish trend due to the strong bullish signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish price crossover with Moving Average 100
Type : Bearish
Timeframe : 1 hour
In fact, 14 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Ichimoku : price is under the cloud
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : 1 hour
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:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 5.1426 | 5.2267 | 5.3497 | 5.3847 | 5.3924 | 5.4058 | 5.4336 |
| Change (%) | -4.50% | -2.93% | -0.65% | - | +0.14% | +0.39% | +0.91% |
| Change | -0.2421 | -0.1580 | -0.0350 | - | +0.0077 | +0.0211 | +0.0489 |
| Level | Minor | Major | Major | - | Intermediate | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.3329 | 5.3462 | 5.3657 | 5.3790 | 5.3985 | 5.4118 | 5.4313 |
| Camarilla | 5.3762 | 5.3792 | 5.3822 | 5.3852 | 5.3882 | 5.3912 | 5.3942 |
| Woodie | 5.3360 | 5.3478 | 5.3688 | 5.3806 | 5.4016 | 5.4134 | 5.4344 |
| Fibonacci | 5.3462 | 5.3587 | 5.3665 | 5.3790 | 5.3915 | 5.3993 | 5.4118 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.2618 | 5.3107 | 5.3479 | 5.3968 | 5.4340 | 5.4829 | 5.5201 |
| Camarilla | 5.3615 | 5.3694 | 5.3773 | 5.3852 | 5.3931 | 5.4010 | 5.4089 |
| Woodie | 5.2561 | 5.3078 | 5.3422 | 5.3939 | 5.4283 | 5.4800 | 5.5144 |
| Fibonacci | 5.3107 | 5.3436 | 5.3639 | 5.3968 | 5.4297 | 5.4500 | 5.4829 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.2792 | 5.3547 | 5.4441 | 5.5196 | 5.6090 | 5.6845 | 5.7739 |
| Camarilla | 5.4881 | 5.5032 | 5.5183 | 5.5334 | 5.5485 | 5.5636 | 5.5788 |
| Woodie | 5.2861 | 5.3582 | 5.4510 | 5.5231 | 5.6159 | 5.6880 | 5.7808 |
| Fibonacci | 5.3547 | 5.4177 | 5.4566 | 5.5196 | 5.5826 | 5.6215 | 5.6845 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 53.17 | |
| MACD (12,26,9): | 0.0010 | |
| Directional Movement: | 1.2763 | |
| AROON (14): | 85.7142 | |
| DEMA (21): | 5.3817 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.3767 | |
| Elder Ray (13): | 0.0035 | |
| Super Trend (3,10): | 5.3958 | |
| Zig ZAG (10): | 5.3845 | |
| VORTEX (21): | 1.0190 | |
| Stochastique (14,3,5): | 84.81 | |
| TEMA (21): | 5.3835 | |
| Williams %R (14): | -10.88 | |
| Chande Momentum Oscillator (20): | 0.0129 | |
| Repulse (5,40,3): | 0.0414 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0002 | |
| Courbe Coppock: | 0.36 |
| MA7: | 5.3935 | |
| MA20: | 5.4666 | |
| MA50: | 5.5260 | |
| MA100: | 5.6018 | |
| MAexp7: | 5.3832 | |
| MAexp20: | 5.3808 | |
| MAexp50: | 5.3820 | |
| MAexp100: | 5.3927 | |
| Price / MA7: | -0.16% | |
| Price / MA20: | -1.50% | |
| Price / MA50: | -2.56% | |
| Price / MA100: | -3.88% | |
| Price / MAexp7: | +0.03% | |
| Price / MAexp20: | +0.07% | |
| Price / MAexp50: | +0.05% | |
| Price / MAexp100: | -0.15% |
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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