CAD/DKK - 1H - Technical analysis published on 11/06/2019 (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:
Bullish
De fond:
Bullish
Technical indicators
22%
44%
33%
My opinion
Bullish above 5.1081 DKK
My targets
5.1351 DKK (+0.22%)
5.1437 DKK (+0.39%)
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 5.1081 DKK. The buyers” bullish objective is set at 5.1351 DKK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 5.1437 DKK. If there is any crossing, the next objective would be the resistance located at 5.1583 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 are indecisive in the very short term but do not change the general bullish opinion of this analysis.
FORCE
0
10
2.5
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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
The CAD/DKK rating is 5.1237 DKK. The price registered a decrease of -0.12% on the session with the lowest point at 5.1215 DKK and the highest point at 5.1322 DKK. The deviation from the price is +0.04% for the low point and -0.17% for the high point.5.1215
5.1322
5.1237
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 CAD/DKK in 1H shows an overall bullish trend. 71.43% 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 a bearish signal that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Aroon indicator bearish trend
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : 1 hour
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:
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 | 5.0799 | 5.0957 | 5.1081 | 5.1237 | 5.1351 | 5.1437 | 5.1583 |
| Change (%) | -0.85% | -0.55% | -0.30% | - | +0.22% | +0.39% | +0.68% |
| Change | -0.0438 | -0.0280 | -0.0156 | - | +0.0114 | +0.0200 | +0.0346 |
| Level | Intermediate | Intermediate | Minor | - | Intermediate | Major | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.0793 | 5.0927 | 5.1111 | 5.1245 | 5.1429 | 5.1563 | 5.1747 |
| Camarilla | 5.1209 | 5.1238 | 5.1267 | 5.1296 | 5.1325 | 5.1354 | 5.1383 |
| Woodie | 5.0819 | 5.0940 | 5.1137 | 5.1258 | 5.1455 | 5.1576 | 5.1773 |
| Fibonacci | 5.0927 | 5.1048 | 5.1123 | 5.1245 | 5.1366 | 5.1441 | 5.1563 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.9620 | 5.0183 | 5.0555 | 5.1118 | 5.1490 | 5.2053 | 5.2425 |
| Camarilla | 5.0670 | 5.0756 | 5.0841 | 5.0927 | 5.1013 | 5.1098 | 5.1184 |
| Woodie | 4.9525 | 5.0135 | 5.0460 | 5.1070 | 5.1395 | 5.2005 | 5.2330 |
| Fibonacci | 5.0183 | 5.0540 | 5.0761 | 5.1118 | 5.1475 | 5.1696 | 5.2053 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.9425 | 5.0085 | 5.0470 | 5.1130 | 5.1515 | 5.2175 | 5.2560 |
| Camarilla | 5.0567 | 5.0662 | 5.0758 | 5.0854 | 5.0950 | 5.1046 | 5.1141 |
| Woodie | 4.9287 | 5.0016 | 5.0332 | 5.1061 | 5.1377 | 5.2106 | 5.2422 |
| Fibonacci | 5.0085 | 5.0485 | 5.0731 | 5.1130 | 5.1530 | 5.1776 | 5.2175 |
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): | 53.38 | |
| MACD (12,26,9): | 0.0045 | |
| Directional Movement: | 7.9640 | |
| AROON (14): | -85.7143 | |
| DEMA (21): | 5.1306 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.1323 | |
| Elder Ray (13): | -0.0023 | |
| Super Trend (3,10): | 5.1134 | |
| Zig ZAG (10): | 5.1226 | |
| VORTEX (21): | 1.0568 | |
| Stochastique (14,3,5): | 4.35 | |
| TEMA (21): | 5.1275 | |
| Williams %R (14): | -97.76 | |
| Chande Momentum Oscillator (20): | -0.0055 | |
| Repulse (5,40,3): | -0.1011 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0183 | |
| Courbe Coppock: | 0.11 |
| MA7: | 5.1071 | |
| MA20: | 5.1194 | |
| MA50: | 5.1179 | |
| MA100: | 5.0870 | |
| MAexp7: | 5.1245 | |
| MAexp20: | 5.1234 | |
| MAexp50: | 5.1141 | |
| MAexp100: | 5.1125 | |
| Price / MA7: | +0.33% | |
| Price / MA20: | +0.08% | |
| Price / MA50: | +0.11% | |
| Price / MA100: | +0.72% | |
| Price / MAexp7: | -0.02% | |
| Price / MAexp20: | +0.01% | |
| Price / MAexp50: | +0.19% | |
| Price / MAexp100: | +0.22% |
This member declared not having a position on this financial instrument or a related financial instrument.
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