CAD/DKK - 1H - Technical analysis published on 09/26/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 5.1437 DKK
My targets
5.2093 DKK (+1.11%)
5.3764 DKK (+4.36%)
My analysis
CAD/DKK is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 5.1437 DKK. The next resistance located at 5.2093 DKK is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 5.3764 DKK. After this resistance, buyers could then target 5.6854 DKK. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
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
0
10
8.6
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
CAD/DKK rating 5.1519 DKK. On the day, this instrument gained +0.20% with the lowest point at 5.1366 DKK and the highest point at 5.1552 DKK. The deviation from the price is +0.30% for the low point and -0.06% for the high point.5.1366
5.1552
5.1519
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this CAD/DKK chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals 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, 14 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
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 | 5.1112 | 5.1270 | 5.1437 | 5.1519 | 5.2093 | 5.3764 | 5.6854 |
| Change (%) | -0.79% | -0.48% | -0.16% | - | +1.11% | +4.36% | +10.36% |
| Change | -0.0407 | -0.0249 | -0.0082 | - | +0.0574 | +0.2245 | +0.5335 |
| Level | Intermediate | Intermediate | Intermediate | - | Intermediate | Major | Minor |
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 | 5.0878 | 5.1015 | 5.1216 | 5.1353 | 5.1554 | 5.1691 | 5.1892 |
| Camarilla | 5.1323 | 5.1354 | 5.1385 | 5.1416 | 5.1447 | 5.1478 | 5.1509 |
| Woodie | 5.0909 | 5.1031 | 5.1247 | 5.1369 | 5.1585 | 5.1707 | 5.1923 |
| Fibonacci | 5.1015 | 5.1145 | 5.1224 | 5.1353 | 5.1482 | 5.1562 | 5.1691 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.0283 | 5.0524 | 5.0814 | 5.1055 | 5.1345 | 5.1586 | 5.1876 |
| Camarilla | 5.0958 | 5.1007 | 5.1055 | 5.1104 | 5.1153 | 5.1201 | 5.1250 |
| Woodie | 5.0308 | 5.0536 | 5.0839 | 5.1067 | 5.1370 | 5.1598 | 5.1901 |
| Fibonacci | 5.0524 | 5.0727 | 5.0852 | 5.1055 | 5.1258 | 5.1383 | 5.1586 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.8640 | 4.9203 | 5.0088 | 5.0651 | 5.1536 | 5.2099 | 5.2984 |
| Camarilla | 5.0576 | 5.0709 | 5.0841 | 5.0974 | 5.1107 | 5.1240 | 5.1372 |
| Woodie | 4.8802 | 4.9284 | 5.0250 | 5.0732 | 5.1698 | 5.2180 | 5.3146 |
| Fibonacci | 4.9203 | 4.9756 | 5.0098 | 5.0651 | 5.1204 | 5.1546 | 5.2099 |
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): | 75.18 | |
| MACD (12,26,9): | 0.0059 | |
| Directional Movement: | 23.8036 | |
| AROON (14): | 50.0000 | |
| DEMA (21): | 5.1492 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.1384 | |
| Elder Ray (13): | 0.0083 | |
| Super Trend (3,10): | 5.1387 | |
| Zig ZAG (10): | 5.1514 | |
| VORTEX (21): | 1.3134 | |
| Stochastique (14,3,5): | 85.53 | |
| TEMA (21): | 5.1495 | |
| Williams %R (14): | -11.73 | |
| Chande Momentum Oscillator (20): | 0.0078 | |
| Repulse (5,40,3): | 0.1262 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0154 | |
| Courbe Coppock: | 0.22 |
| MA7: | 5.1191 | |
| MA20: | 5.1145 | |
| MA50: | 5.0835 | |
| MA100: | 5.0411 | |
| MAexp7: | 5.1474 | |
| MAexp20: | 5.1415 | |
| MAexp50: | 5.1323 | |
| MAexp100: | 5.1236 | |
| Price / MA7: | +0.64% | |
| Price / MA20: | +0.73% | |
| Price / MA50: | +1.35% | |
| Price / MA100: | +2.20% | |
| Price / MAexp7: | +0.09% | |
| Price / MAexp20: | +0.20% | |
| Price / MAexp50: | +0.38% | |
| Price / MAexp100: | +0.55% |
This member declared not having a position on this financial instrument or a related financial instrument.
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