CAD/DKK - 1H - Technical analysis published on 10/02/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
39%
39%
My opinion
Bearish under 5.2012 DKK
My targets
5.1885 DKK (-0.0056)
5.1771 DKK (-0.0170)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on CAD/DKK as long as the price remains well below 5.2012 DKK. The sellers' bearish objective is set at 5.1885 DKK. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 5.1771 DKK. In case of crossing, the next objective would be the support located at 5.1486 DKK. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
6.6
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Additional analysis
Quotes
CAD/DKK rating 5.1941 DKK. On the day, this instrument lost -0.01% and was traded between 5.1884 DKK and 5.2066 DKK over the period. The price is currently at +0.11% from its lowest and -0.24% from its highest.5.1884
5.2066
5.1941
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
Here is a more detailed summary of the historical variations registered by CAD/DKK:
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 LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of CAD/DKK in 1H shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 5.1486 | 5.1771 | 5.1885 | 5.1941 | 5.2012 | 5.2093 | 5.2237 |
| Change (%) | -0.88% | -0.33% | -0.11% | - | +0.14% | +0.29% | +0.57% |
| Change | -0.0455 | -0.0170 | -0.0056 | - | +0.0071 | +0.0152 | +0.0296 |
| Level | Minor | Intermediate | Minor | - | Minor | Major | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.1249 | 5.1587 | 5.1765 | 5.2103 | 5.2281 | 5.2619 | 5.2797 |
| Camarilla | 5.1802 | 5.1849 | 5.1897 | 5.1944 | 5.1991 | 5.2039 | 5.2086 |
| Woodie | 5.1170 | 5.1547 | 5.1686 | 5.2063 | 5.2202 | 5.2579 | 5.2718 |
| Fibonacci | 5.1587 | 5.1784 | 5.1906 | 5.2103 | 5.2300 | 5.2422 | 5.2619 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.0903 | 5.1400 | 5.1672 | 5.2169 | 5.2441 | 5.2938 | 5.3210 |
| Camarilla | 5.1733 | 5.1803 | 5.1874 | 5.1944 | 5.2015 | 5.2085 | 5.2156 |
| Woodie | 5.0791 | 5.1344 | 5.1560 | 5.2113 | 5.2329 | 5.2882 | 5.3098 |
| Fibonacci | 5.1400 | 5.1694 | 5.1875 | 5.2169 | 5.2463 | 5.2644 | 5.2938 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.8715 | 4.9649 | 5.0797 | 5.1731 | 5.2879 | 5.3813 | 5.4961 |
| Camarilla | 5.1372 | 5.1562 | 5.1753 | 5.1944 | 5.2135 | 5.2326 | 5.2517 |
| Woodie | 4.8821 | 4.9703 | 5.0903 | 5.1785 | 5.2985 | 5.3867 | 5.5067 |
| Fibonacci | 4.9649 | 5.0445 | 5.0936 | 5.1731 | 5.2527 | 5.3018 | 5.3813 |
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): | 37.90 | |
| MACD (12,26,9): | -0.0049 | |
| Directional Movement: | -8.3714 | |
| AROON (14): | -7.1429 | |
| DEMA (21): | 5.1921 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.2049 | |
| Elder Ray (13): | -0.0023 | |
| Super Trend (3,10): | 5.2089 | |
| Zig ZAG (10): | 5.1920 | |
| VORTEX (21): | 0.9682 | |
| Stochastique (14,3,5): | 41.87 | |
| TEMA (21): | 5.1943 | |
| Williams %R (14): | -75.00 | |
| Chande Momentum Oscillator (20): | -0.0019 | |
| Repulse (5,40,3): | -0.0948 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0176 | |
| Courbe Coppock: | 0.02 |
| MA7: | 5.2175 | |
| MA20: | 5.1692 | |
| MA50: | 5.1140 | |
| MA100: | 5.1217 | |
| MAexp7: | 5.1969 | |
| MAexp20: | 5.1995 | |
| MAexp50: | 5.2104 | |
| MAexp100: | 5.2162 | |
| Price / MA7: | -0.45% | |
| Price / MA20: | +0.48% | |
| Price / MA50: | +1.57% | |
| Price / MA100: | +1.41% | |
| Price / MAexp7: | -0.05% | |
| Price / MAexp20: | -0.10% | |
| Price / MAexp50: | -0.31% | |
| Price / MAexp100: | -0.42% |
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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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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