CAD/DKK - 1H - Technical analysis published on 08/05/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
56%
11%
33%
My opinion
Bearish under 4.9386 DKK
My targets
4.8750 DKK (-0.0495)
4.8416 DKK (-0.0829)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 4.9386 DKK remains possible. It is advisable to trade CAD/DKK with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 4.9386 DKK. The next bearish objective for sellers is set at 4.8750 DKK. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 4.8416 DKK. In case of crossing, the next objective would be the support located at 4.6846 DKK. PS: if there is a bullish break in the resistance located at 4.9386 DKK we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
1.8
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Additional analysis
Quotes
The CAD/DKK price is 4.9245 DKK. On the day, this instrument lost -0.09% with the lowest point at 4.8992 DKK and the highest point at 4.9329 DKK. The deviation from the price is +0.52% for the low point and -0.17% for the high point.4.8992
4.9329
4.9245
A study of price movements over other periods shows the following variations:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
New LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of CAD/DKK in 1H shows an overall bearish trend. 75.00% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. An assessment of moving averages reveals several bullish signals that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators shows a moderate bullish signal.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4.3301 | 4.6846 | 4.8416 | 4.9245 | 4.9288 | 4.9386 | 4.9670 |
| Change (%) | -12.07% | -4.87% | -1.68% | - | +0.09% | +0.29% | +0.86% |
| Change | -0.5944 | -0.2399 | -0.0829 | - | +0.0043 | +0.0141 | +0.0425 |
| Level | Minor | Major | Minor | - | Intermediate | Intermediate | Major |
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 | 4.8476 | 4.8880 | 4.9085 | 4.9489 | 4.9694 | 5.0098 | 5.0303 |
| Camarilla | 4.9123 | 4.9178 | 4.9234 | 4.9290 | 4.9346 | 4.9402 | 4.9458 |
| Woodie | 4.8377 | 4.8830 | 4.8986 | 4.9439 | 4.9595 | 5.0048 | 5.0204 |
| Fibonacci | 4.8880 | 4.9113 | 4.9256 | 4.9489 | 4.9722 | 4.9865 | 5.0098 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.8216 | 4.8750 | 4.9020 | 4.9554 | 4.9824 | 5.0358 | 5.0628 |
| Camarilla | 4.9069 | 4.9143 | 4.9216 | 4.9290 | 4.9364 | 4.9437 | 4.9511 |
| Woodie | 4.8084 | 4.8684 | 4.8888 | 4.9488 | 4.9692 | 5.0292 | 5.0496 |
| Fibonacci | 4.8750 | 4.9057 | 4.9247 | 4.9554 | 4.9861 | 5.0051 | 5.0358 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.8219 | 4.8925 | 4.9428 | 5.0134 | 5.0637 | 5.1343 | 5.1846 |
| Camarilla | 4.9600 | 4.9710 | 4.9821 | 4.9932 | 5.0043 | 5.0154 | 5.0265 |
| Woodie | 4.8119 | 4.8874 | 4.9328 | 5.0083 | 5.0537 | 5.1292 | 5.1746 |
| Fibonacci | 4.8925 | 4.9387 | 4.9672 | 5.0134 | 5.0596 | 5.0881 | 5.1343 |
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): | 48.54 | |
| MACD (12,26,9): | -0.0070 | |
| Directional Movement: | -3.0837 | |
| AROON (14): | -50.0000 | |
| DEMA (21): | 4.9107 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.9009 | |
| Elder Ray (13): | 0.0016 | |
| Super Trend (3,10): | 4.9366 | |
| Zig ZAG (10): | 4.9240 | |
| VORTEX (21): | 0.9771 | |
| Stochastique (14,3,5): | 76.49 | |
| TEMA (21): | 4.9147 | |
| Williams %R (14): | -20.90 | |
| Chande Momentum Oscillator (20): | 0.0108 | |
| Repulse (5,40,3): | 0.1694 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0303 | |
| Courbe Coppock: | 0.26 |
| MA7: | 4.9653 | |
| MA20: | 4.9919 | |
| MA50: | 5.0300 | |
| MA100: | 5.0508 | |
| MAexp7: | 4.9188 | |
| MAexp20: | 4.9219 | |
| MAexp50: | 4.9399 | |
| MAexp100: | 4.9561 | |
| Price / MA7: | -0.82% | |
| Price / MA20: | -1.35% | |
| Price / MA50: | -2.10% | |
| Price / MA100: | -2.50% | |
| Price / MAexp7: | +0.12% | |
| Price / MAexp20: | +0.05% | |
| Price / MAexp50: | -0.31% | |
| Price / MAexp100: | -0.64% |
Quotes :
-
Real time data
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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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