CAD/DKK
CAD DKK
- DKK (-)
- Real time data - Forex
Open: -
Change: -
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High: -
High / Low range: -
Type: Forex
Ticker: CADDKK
ISIN:

CAD/DKK - 1H - Technical analysis published on 09/06/2024 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Strongly bearish
Technical indicators
22%
50%
28%
My opinion
Bearish under 4.9796 DKK
My targets
4.9647 DKK (-0.0090)
4.9541 DKK (-0.0196)
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 4.9796 DKK. The sellers' bearish objective is set at 4.9647 DKK. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 4.9541 DKK. In case of crossing, the next objective would be the support located at 4.9386 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, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
7

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The CAD/DKK price is 4.9737 DKK. The price registered an increase of +0.00% on the session and was between 4.9717 DKK and 4.9745 DKK. This implies that the price is at +0.04% from its lowest and at -0.02% from its highest.

4.9717
4.9745
4.9737

So that you have an overall view of the price change, here is a table showing the variations over several periods:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

Near a new LOW record (1 year)

Type : Bearish

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


Technical analysis of this 1H chart of CAD/DKK indicates that the overall trend is strongly bearish. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 5 are neutral and 9 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Central Indicators

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Central Patterns

Near resistance of triangle

Type : Bearish

Timeframe : 1 hour



No result was found by the Central Candlesticks scanner on Japanese candlesticks.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 4.9386 4.9541 4.9647 4.9737 4.9750 4.9796 4.9846
Change (%) -0.71% -0.39% -0.18% - +0.03% +0.12% +0.22%
Change -0.0351 -0.0196 -0.0090 - +0.0013 +0.0059 +0.0109
Level Major Minor Intermediate - Minor Minor Intermediate



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
Standard4.94224.95344.96374.97494.98524.99645.0067
Camarilla4.96804.97004.97194.97394.97594.97784.9798
Woodie4.94174.95324.96324.97474.98474.99625.0062
Fibonacci4.95344.96174.96674.97494.98324.98824.9964


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard4.87674.90484.95394.98205.03115.05925.1083
Camarilla4.98184.98894.99595.00305.01015.01725.0242
Woodie4.88724.91014.96444.98735.04165.06455.1188
Fibonacci4.90484.93434.95254.98205.01155.02975.0592


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard4.82054.85994.93144.97085.04235.08175.1532
Camarilla4.97254.98274.99285.00305.01325.02335.0335
Woodie4.83674.86794.94764.97885.05855.08975.1694
Fibonacci4.85994.90224.92844.97085.01315.03935.0817

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): 39.42
MACD (12,26,9): -0.0023
Directional Movement: -7.6814
AROON (14): 14.2857
DEMA (21): 4.9727
Parabolic SAR (0,02-0,02-0,2): 4.9686
Elder Ray (13): -0.0020
Super Trend (3,10): 4.9846
Zig ZAG (10): 4.9727
VORTEX (21): 0.8734
Stochastique (14,3,5): 43.65
TEMA (21): 4.9722
Williams %R (14): -57.87
Chande Momentum Oscillator (20): -0.0017
Repulse (5,40,3): 0.0223
ROCnROLL: 2
TRIX (15,9): -0.0067
Courbe Coppock: 0.19
MA7: 4.9860
MA20: 4.9603
MA50: 4.9859
MA100: 5.0222
MAexp7: 4.9736
MAexp20: 4.9758
MAexp50: 4.9797
MAexp100: 4.9819
Price / MA7: -0.25%
Price / MA20: +0.27%
Price / MA50: -0.24%
Price / MA100: -0.97%
Price / MAexp7: +0.00%
Price / MAexp20: -0.04%
Price / MAexp50: -0.12%
Price / MAexp100: -0.16%

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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