CAD/DKK - 1H - Technical analysis published on 12/12/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Slightly bullish
Technical indicators
56%
11%
33%
My opinion
Bullish above 5.0891 DKK
My targets
5.1108 DKK (+0.0122)
5.1184 DKK (+0.0198)
My analysis
The basic trend is currently slightly bullish on CAD/DKK and the short term does not seem to show any sign of improvement. Buyers are struggling to get their hands on this instrument. However, as long as the price remains above 5.0891 DKK, purchases could be favourable. The first bullish objective would be the resistance located at 5.1108 DKK. Then the price could move towards 5.1184 DKK. Then 5.1376 DKK by extension. A return under the support to 5.0891 DKK could jeopardize this fragile bullish trend. Indecision would then be total and in this case you could keep away.
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
4.1
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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 5.0986 DKK. The price registered an increase of +0.05% on the session with the lowest point at 5.0932 DKK and the highest point at 5.1003 DKK. The deviation from the price is +0.11% for the low point and -0.03% for the high point.5.0932
5.1003
5.0986
Here is a more detailed summary of the historical variations registered by CAD/DKK:
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 bullish. 57.14% of the signals given by moving averages are bullish. The slightly bullish signals given by short-term moving averages do not show a strengthening of this global trend. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
In fact, 10 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Ichimoku : price is over the cloud
Type : Bullish
Timeframe : 1 hour
MACD indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
Resistance of triangle 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 | 5.0700 | 5.0762 | 5.0891 | 5.0986 | 5.1014 | 5.1108 | 5.1184 |
| Change (%) | -0.56% | -0.44% | -0.19% | - | +0.05% | +0.24% | +0.39% |
| Change | -0.0286 | -0.0224 | -0.0095 | - | +0.0028 | +0.0122 | +0.0198 |
| Level | Major | Minor | Major | - | Minor | Major | Intermediate |
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 | 5.0634 | 5.0761 | 5.0860 | 5.0987 | 5.1086 | 5.1213 | 5.1312 |
| Camarilla | 5.0897 | 5.0918 | 5.0938 | 5.0959 | 5.0980 | 5.1000 | 5.1021 |
| Woodie | 5.0620 | 5.0754 | 5.0846 | 5.0980 | 5.1072 | 5.1206 | 5.1298 |
| Fibonacci | 5.0761 | 5.0847 | 5.0901 | 5.0987 | 5.1073 | 5.1127 | 5.1213 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.0110 | 5.0367 | 5.0669 | 5.0926 | 5.1228 | 5.1485 | 5.1787 |
| Camarilla | 5.0816 | 5.0868 | 5.0919 | 5.0970 | 5.1021 | 5.1073 | 5.1124 |
| Woodie | 5.0132 | 5.0378 | 5.0691 | 5.0937 | 5.1250 | 5.1496 | 5.1809 |
| Fibonacci | 5.0367 | 5.0581 | 5.0713 | 5.0926 | 5.1140 | 5.1272 | 5.1485 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.9852 | 5.0220 | 5.0651 | 5.1019 | 5.1450 | 5.1818 | 5.2249 |
| Camarilla | 5.0861 | 5.0935 | 5.1008 | 5.1081 | 5.1154 | 5.1228 | 5.1301 |
| Woodie | 4.9883 | 5.0236 | 5.0682 | 5.1035 | 5.1481 | 5.1834 | 5.2280 |
| Fibonacci | 5.0220 | 5.0526 | 5.0714 | 5.1019 | 5.1325 | 5.1513 | 5.1818 |
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): | 54.85 | |
| MACD (12,26,9): | 0.0001 | |
| Directional Movement: | 6.3482 | |
| AROON (14): | -7.1429 | |
| DEMA (21): | 5.0965 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.1066 | |
| Elder Ray (13): | 0.0018 | |
| Super Trend (3,10): | 5.1070 | |
| Zig ZAG (10): | 5.0989 | |
| VORTEX (21): | 1.0124 | |
| Stochastique (14,3,5): | 47.55 | |
| TEMA (21): | 5.0966 | |
| Williams %R (14): | -7.37 | |
| Chande Momentum Oscillator (20): | 0.0014 | |
| Repulse (5,40,3): | 0.0709 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0006 | |
| Courbe Coppock: | 0.15 |
| MA7: | 5.1002 | |
| MA20: | 5.0970 | |
| MA50: | 5.1103 | |
| MA100: | 5.0994 | |
| MAexp7: | 5.0967 | |
| MAexp20: | 5.0964 | |
| MAexp50: | 5.0964 | |
| MAexp100: | 5.0969 | |
| Price / MA7: | -0.03% | |
| Price / MA20: | +0.03% | |
| Price / MA50: | -0.23% | |
| Price / MA100: | -0.02% | |
| Price / MAexp7: | +0.03% | |
| Price / MAexp20: | +0.04% | |
| Price / MAexp50: | +0.04% | |
| Price / MAexp100: | +0.03% |
This member declared not having a position on this financial instrument or a related financial instrument.
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