CAD/DKK

- DKK (-)

- Real time data - Forex

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Change:	-
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High / Low range:	-

Type:	Forex
Ticker:	CADDKK
ISIN:

CAD/DKK - 1H - Technical analysis published on 12/24/2024 (GMT)

Londinia

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

Summary of the analysis

Trends

Short term: Bullish

Underlying: Bullish

Technical indicators

39%

17%

44%

My opinion

Bullish above 4.9676 DKK

My targets

5.0011 DKK (+0.0130)

5.0107 DKK (+0.0226)

My analysis

All elements being rather bullish, it would be possible for traders to only trade long positions (at the time of purchase) on CAD/DKK as long as the price remains well above 4.9676 DKK. The buyers' bullish objective is set at 5.0011 DKK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 5.0107 DKK. If there is any crossing, the next objective would be the resistance located at 5.0265 DKK. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bullish, basic trend. If you have another key point closer to the current price, it would be better to only trade long positions (at the time of purchase) above that key point.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

4.3

Comment on the analysis

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:

Additional analysis

Quotes

The CAD/DKK rating is 4.9881 DKK. The price is lower by -0.01% since the last closing and was traded between 4.9748 DKK and 4.9937 DKK over the period. The price is currently at +0.27% from its lowest and -0.11% from its highest.

4.9748

4.9937

4.9881

A study of price movements over other periods shows the following variations:

The Central Records scanner for higher/lower results shows the following items:

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of CAD/DKK in 1H shows an overall bullish trend. 75.00% of the signals given by moving averages are bullish. This bullish trend shows slight signs of slowing down given the slightly bullish signals given by the short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:

Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : 1 hour

Bullish price crossover with Moving Average 100

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

In fact, only 7 technical indicators out of 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour

Previous candle closed under Bollinger bands

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

RSI indicator is back over 50

Type : Bullish

Timeframe : 1 hour

Price is back over the pivot point

Type : Bullish

Timeframe : 1 hour

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Williams %R indicator is back over -50

Type : Bullish

Timeframe : 1 hour

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

Near resistance of channel

Type : Bearish

Timeframe : 1 hour

Near resistance of triangle

Type : Bearish

Timeframe : 1 hour

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	4.9530	4.9676	4.9844	4.9881	4.9902	5.0011	5.0107
Change (%)	-0.70%	-0.41%	-0.07%	-	+0.04%	+0.26%	+0.45%
Change	-0.0351	-0.0205	-0.0037	-	+0.0021	+0.0130	+0.0226
Level	Minor	Intermediate	Intermediate	-	Minor	Intermediate	Major

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	4.9495	4.9582	4.9734	4.9821	4.9973	5.0060	5.0212
Camarilla	4.9819	4.9841	4.9863	4.9885	4.9907	4.9929	4.9951
Woodie	4.9527	4.9598	4.9766	4.9837	5.0005	5.0076	5.0244
Fibonacci	4.9582	4.9674	4.9730	4.9821	4.9913	4.9969	5.0060

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	4.8849	4.9189	4.9462	4.9802	5.0075	5.0415	5.0688
Camarilla	4.9565	4.9622	4.9678	4.9734	4.9790	4.9846	4.9903
Woodie	4.8815	4.9172	4.9428	4.9785	5.0041	5.0398	5.0654
Fibonacci	4.9189	4.9424	4.9568	4.9802	5.0037	5.0181	5.0415

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	4.6857	4.8007	4.9181	5.0331	5.1505	5.2655	5.3829
Camarilla	4.9717	4.9930	5.0143	5.0356	5.0569	5.0782	5.0995
Woodie	4.6870	4.8013	4.9194	5.0337	5.1518	5.2661	5.3842
Fibonacci	4.8007	4.8894	4.9443	5.0331	5.1218	5.1767	5.2655

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):	49.95
MACD (12,26,9):	0.0004
Directional Movement:	-5.0321
AROON (14):	-35.7142
DEMA (21):	4.9865
Parabolic SAR (0,02-0,02-0,2):	4.9927
Elder Ray (13):	-0.0041
Super Trend (3,10):	4.9788
Zig ZAG (10):	4.9847
VORTEX (21):	1.0167
Stochastique (14,3,5):	34.67
TEMA (21):	4.9863
Williams %R (14):	-45.50
Chande Momentum Oscillator (20):	-0.0027
Repulse (5,40,3):	0.1071
ROCnROLL:	-1
TRIX (15,9):	0.0046
Courbe Coppock:	0.06

MA7:	4.9824
MA20:	5.0068
MA50:	5.0041
MA100:	4.9837
MAexp7:	4.9848
MAexp20:	4.9857
MAexp50:	4.9846
MAexp100:	4.9844
Price / MA7:	+0.11%
Price / MA20:	-0.37%
Price / MA50:	-0.32%
Price / MA100:	+0.09%
Price / MAexp7:	+0.07%
Price / MAexp20:	+0.05%
Price / MAexp50:	+0.07%
Price / MAexp100:	+0.07%

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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