CAD/DKK - 1H - Technical analysis published on 10/16/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Slightly bearish
Technical indicators
22%
56%
22%
My opinion
Bearish under 5.1234 DKK
My targets
5.1112 DKK (-0.19%)
5.0990 DKK (-0.43%)
My analysis
The short-term decline is currently reinforcing the basic trend, which is only slightly bearish. It would be possible for traders to only trade short positions (for sale) on CAD/DKK as long as the price remains well below 5.1234 DKK. The next bearish objective for sellers is set at 5.1112 DKK. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 5.0990 DKK. In case of crossing, the next objective would be the support located at 5.0840 DKK.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
FORCE
0
10
3.6
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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 5.1208 DKK. The price is lower by -0.11% since the last closing and was traded between 5.1149 DKK and 5.1309 DKK over the period. The price is currently at +0.12% from its lowest and -0.20% from its highest.5.1149
5.1309
5.1208
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of CAD/DKK indicates that the overall trend is slightly bearish. 57.14% of the signals given by moving averages are bearish. The overall trend could accelerate as a result of the strong bearish signals from short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish trend reversal : adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
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:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 5.0840 | 5.0990 | 5.1112 | 5.1208 | 5.1234 | 5.1342 | 5.1437 |
| Change (%) | -0.72% | -0.43% | -0.19% | - | +0.05% | +0.26% | +0.45% |
| Change | -0.0368 | -0.0218 | -0.0096 | - | +0.0026 | +0.0134 | +0.0229 |
| Level | Minor | Intermediate | Intermediate | - | Intermediate | 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 | 5.0959 | 5.1079 | 5.1172 | 5.1292 | 5.1385 | 5.1505 | 5.1598 |
| Camarilla | 5.1205 | 5.1225 | 5.1245 | 5.1264 | 5.1284 | 5.1303 | 5.1323 |
| Woodie | 5.0945 | 5.1072 | 5.1158 | 5.1285 | 5.1371 | 5.1498 | 5.1584 |
| Fibonacci | 5.1079 | 5.1161 | 5.1211 | 5.1292 | 5.1374 | 5.1424 | 5.1505 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.0449 | 5.0644 | 5.0951 | 5.1146 | 5.1453 | 5.1648 | 5.1955 |
| Camarilla | 5.1119 | 5.1165 | 5.1211 | 5.1257 | 5.1303 | 5.1349 | 5.1395 |
| Woodie | 5.0504 | 5.0672 | 5.1006 | 5.1174 | 5.1508 | 5.1676 | 5.2010 |
| Fibonacci | 5.0644 | 5.0836 | 5.0955 | 5.1146 | 5.1338 | 5.1457 | 5.1648 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.0026 | 5.0385 | 5.1056 | 5.1415 | 5.2086 | 5.2445 | 5.3116 |
| Camarilla | 5.1443 | 5.1537 | 5.1632 | 5.1726 | 5.1820 | 5.1915 | 5.2009 |
| Woodie | 5.0181 | 5.0463 | 5.1211 | 5.1493 | 5.2241 | 5.2523 | 5.3271 |
| Fibonacci | 5.0385 | 5.0779 | 5.1022 | 5.1415 | 5.1809 | 5.2052 | 5.2445 |
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): | 43.44 | |
| MACD (12,26,9): | -0.0014 | |
| Directional Movement: | -6.3795 | |
| AROON (14): | -64.2857 | |
| DEMA (21): | 5.1251 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.1433 | |
| Elder Ray (13): | -0.0006 | |
| Super Trend (3,10): | 5.1389 | |
| Zig ZAG (10): | 5.1234 | |
| VORTEX (21): | 0.9379 | |
| Stochastique (14,3,5): | 42.65 | |
| TEMA (21): | 5.1231 | |
| Williams %R (14): | -51.61 | |
| Chande Momentum Oscillator (20): | -0.0047 | |
| Repulse (5,40,3): | 0.0221 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.22 |
| MA7: | 5.1167 | |
| MA20: | 5.1244 | |
| MA50: | 5.0968 | |
| MA100: | 5.0637 | |
| MAexp7: | 5.1239 | |
| MAexp20: | 5.1254 | |
| MAexp50: | 5.1247 | |
| MAexp100: | 5.1215 | |
| Price / MA7: | +0.08% | |
| Price / MA20: | -0.07% | |
| Price / MA50: | +0.47% | |
| Price / MA100: | +1.13% | |
| Price / MAexp7: | -0.06% | |
| Price / MAexp20: | -0.09% | |
| Price / MAexp50: | -0.08% | |
| Price / MAexp100: | -0.01% |
This member declared not having a position on this financial instrument or a related financial instrument.
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