CAD/DKK - 1H - Technical analysis published on 09/06/2024 (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 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
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
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:
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:
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:
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
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| 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 |
|---|---|---|---|---|---|---|---|
| Standard | 4.9422 | 4.9534 | 4.9637 | 4.9749 | 4.9852 | 4.9964 | 5.0067 |
| Camarilla | 4.9680 | 4.9700 | 4.9719 | 4.9739 | 4.9759 | 4.9778 | 4.9798 |
| Woodie | 4.9417 | 4.9532 | 4.9632 | 4.9747 | 4.9847 | 4.9962 | 5.0062 |
| Fibonacci | 4.9534 | 4.9617 | 4.9667 | 4.9749 | 4.9832 | 4.9882 | 4.9964 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.8767 | 4.9048 | 4.9539 | 4.9820 | 5.0311 | 5.0592 | 5.1083 |
| Camarilla | 4.9818 | 4.9889 | 4.9959 | 5.0030 | 5.0101 | 5.0172 | 5.0242 |
| Woodie | 4.8872 | 4.9101 | 4.9644 | 4.9873 | 5.0416 | 5.0645 | 5.1188 |
| Fibonacci | 4.9048 | 4.9343 | 4.9525 | 4.9820 | 5.0115 | 5.0297 | 5.0592 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.8205 | 4.8599 | 4.9314 | 4.9708 | 5.0423 | 5.0817 | 5.1532 |
| Camarilla | 4.9725 | 4.9827 | 4.9928 | 5.0030 | 5.0132 | 5.0233 | 5.0335 |
| Woodie | 4.8367 | 4.8679 | 4.9476 | 4.9788 | 5.0585 | 5.0897 | 5.1694 |
| Fibonacci | 4.8599 | 4.9022 | 4.9284 | 4.9708 | 5.0131 | 5.0393 | 5.0817 |
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
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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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