CAD/DKK - 1H - Technical analysis published on 08/02/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
44%
22%
33%
My opinion
Bearish under 5.1170 DKK
My targets
5.0907 DKK (-0.0111)
5.0843 DKK (-0.0175)
My analysis
CAD/DKK is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 5.1170 DKK. The next support located at 5.0907 DKK is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 5.0843 DKK. Below this support, sellers could then target 5.0760 DKK.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
3.9
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Additional analysis
Quotes
CAD/DKK rating 5.1018 DKK. The price registered an increase of +0.00% on the session and was traded between 5.0936 DKK and 5.1071 DKK over the period. The price is currently at +0.16% from its lowest and -0.10% from its highest.5.0936
5.1071
5.1018
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
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
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 bearish trend. 78.57% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Other results related to technical indicators were also found by the Central Indicators scanner:
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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:
White gravestone / inverted hammer
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 5.0760 | 5.0843 | 5.0907 | 5.1018 | 5.1027 | 5.1170 | 5.1285 |
| Change (%) | -0.51% | -0.34% | -0.22% | - | +0.02% | +0.30% | +0.52% |
| Change | -0.0258 | -0.0175 | -0.0111 | - | +0.0009 | +0.0152 | +0.0267 |
| Level | Minor | Minor | Major | - | Minor | Minor | Minor |
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 |
|---|---|---|---|---|---|---|---|
| Standard | 5.0405 | 5.0681 | 5.0850 | 5.1126 | 5.1295 | 5.1571 | 5.1740 |
| Camarilla | 5.0897 | 5.0937 | 5.0978 | 5.1019 | 5.1060 | 5.1101 | 5.1141 |
| Woodie | 5.0352 | 5.0654 | 5.0797 | 5.1099 | 5.1242 | 5.1544 | 5.1687 |
| Fibonacci | 5.0681 | 5.0851 | 5.0956 | 5.1126 | 5.1296 | 5.1401 | 5.1571 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.9846 | 5.0231 | 5.0680 | 5.1065 | 5.1514 | 5.1899 | 5.2348 |
| Camarilla | 5.0900 | 5.0976 | 5.1053 | 5.1129 | 5.1206 | 5.1282 | 5.1358 |
| Woodie | 4.9878 | 5.0247 | 5.0712 | 5.1081 | 5.1546 | 5.1915 | 5.2380 |
| Fibonacci | 5.0231 | 5.0550 | 5.0746 | 5.1065 | 5.1384 | 5.1580 | 5.1899 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.8639 | 4.9353 | 5.0357 | 5.1071 | 5.2075 | 5.2789 | 5.3793 |
| Camarilla | 5.0888 | 5.1045 | 5.1203 | 5.1360 | 5.1518 | 5.1675 | 5.1833 |
| Woodie | 4.8783 | 4.9426 | 5.0501 | 5.1144 | 5.2219 | 5.2862 | 5.3937 |
| Fibonacci | 4.9353 | 5.0010 | 5.0415 | 5.1071 | 5.1728 | 5.2133 | 5.2789 |
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): | 39.80 | |
| MACD (12,26,9): | -0.0052 | |
| Directional Movement: | -7.7631 | |
| AROON (14): | -71.4285 | |
| DEMA (21): | 5.0967 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.0936 | |
| Elder Ray (13): | -0.0004 | |
| Super Trend (3,10): | 5.1145 | |
| Zig ZAG (10): | 5.1007 | |
| VORTEX (21): | 0.8992 | |
| Stochastique (14,3,5): | 29.41 | |
| TEMA (21): | 5.0950 | |
| Williams %R (14): | -56.47 | |
| Chande Momentum Oscillator (20): | 0.0003 | |
| Repulse (5,40,3): | 0.0361 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0166 | |
| Courbe Coppock: | 0.32 |
| MA7: | 5.1131 | |
| MA20: | 5.0885 | |
| MA50: | 5.1304 | |
| MA100: | 5.0911 | |
| MAexp7: | 5.0994 | |
| MAexp20: | 5.1038 | |
| MAexp50: | 5.1108 | |
| MAexp100: | 5.1113 | |
| Price / MA7: | -0.22% | |
| Price / MA20: | +0.26% | |
| Price / MA50: | -0.56% | |
| Price / MA100: | +0.21% | |
| Price / MAexp7: | +0.05% | |
| Price / MAexp20: | -0.04% | |
| Price / MAexp50: | -0.18% | |
| Price / MAexp100: | -0.19% |
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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