CAD/DKK - 1H - Technical analysis published on 03/03/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bearish
Technical indicators
61%
0%
39%
My opinion
Bearish under 5.0696 DKK
My targets
5.0265 DKK (-0.0072)
5.0074 DKK (-0.0263)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on CAD/DKK. As long as you are under the resistance located at 5.0696 DKK, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 5.0265 DKK would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 5.0074 DKK as an objective. Crossing it would then enable sellers to target 4.9852 DKK. If the resistance 5.0696 DKK were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
FORCE
0
10
0.5
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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
CAD/DKK rating 5.0337 DKK. On the day, this instrument lost +0.02% with the lowest point at 5.0210 DKK and the highest point at 5.0394 DKK. The deviation from the price is +0.25% for the low point and -0.11% for the high point.5.0210
5.0394
5.0337
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of this 1H chart of CAD/DKK indicates that the overall trend is bearish. 71.43% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
In fact, 11 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Three white soldiers
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4.9852 | 5.0074 | 5.0265 | 5.0337 | 5.0696 | 5.1109 | 5.1726 |
| Change (%) | -0.96% | -0.52% | -0.14% | - | +0.71% | +1.53% | +2.76% |
| Change | -0.0485 | -0.0263 | -0.0072 | - | +0.0359 | +0.0772 | +0.1389 |
| Level | Major | Minor | Major | - | Major | Intermediate | Major |
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 | 4.9348 | 4.9710 | 5.0018 | 5.0380 | 5.0688 | 5.1050 | 5.1358 |
| Camarilla | 5.0143 | 5.0204 | 5.0266 | 5.0327 | 5.0388 | 5.0450 | 5.0511 |
| Woodie | 4.9322 | 4.9697 | 4.9992 | 5.0367 | 5.0662 | 5.1037 | 5.1332 |
| Fibonacci | 4.9710 | 4.9966 | 5.0124 | 5.0380 | 5.0636 | 5.0794 | 5.1050 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.7938 | 4.9096 | 4.9830 | 5.0988 | 5.1722 | 5.2880 | 5.3614 |
| Camarilla | 5.0043 | 5.0216 | 5.0390 | 5.0563 | 5.0736 | 5.0910 | 5.1083 |
| Woodie | 4.7725 | 4.8990 | 4.9617 | 5.0882 | 5.1509 | 5.2774 | 5.3401 |
| Fibonacci | 4.9096 | 4.9819 | 5.0266 | 5.0988 | 5.1711 | 5.2158 | 5.2880 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.7644 | 4.8950 | 4.9756 | 5.1062 | 5.1868 | 5.3174 | 5.3980 |
| Camarilla | 4.9982 | 5.0176 | 5.0369 | 5.0563 | 5.0757 | 5.0950 | 5.1144 |
| Woodie | 4.7395 | 4.8825 | 4.9507 | 5.0937 | 5.1619 | 5.3049 | 5.3731 |
| Fibonacci | 4.8950 | 4.9757 | 5.0255 | 5.1062 | 5.1869 | 5.2367 | 5.3174 |
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): | 50.36 | |
| MACD (12,26,9): | -0.0036 | |
| Directional Movement: | -0.4510 | |
| AROON (14): | 14.2857 | |
| DEMA (21): | 5.0256 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.0088 | |
| Elder Ray (13): | 0.0029 | |
| Super Trend (3,10): | 5.0542 | |
| Zig ZAG (10): | 5.0377 | |
| VORTEX (21): | 1.0313 | |
| Stochastique (14,3,5): | 76.67 | |
| TEMA (21): | 5.0301 | |
| Williams %R (14): | -3.26 | |
| Chande Momentum Oscillator (20): | 0.0001 | |
| Repulse (5,40,3): | 0.2464 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0152 | |
| Courbe Coppock: | 0.32 |
| MA7: | 5.0995 | |
| MA20: | 5.1509 | |
| MA50: | 5.1420 | |
| MA100: | 5.1258 | |
| MAexp7: | 5.0304 | |
| MAexp20: | 5.0314 | |
| MAexp50: | 5.0456 | |
| MAexp100: | 5.0750 | |
| Price / MA7: | -1.29% | |
| Price / MA20: | -2.28% | |
| Price / MA50: | -2.11% | |
| Price / MA100: | -1.80% | |
| Price / MAexp7: | +0.07% | |
| Price / MAexp20: | +0.05% | |
| Price / MAexp50: | -0.24% | |
| Price / MAexp100: | -0.81% |
This member declared not having a position on this financial instrument or a related financial instrument.
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