CAD/DKK - 1H - Technical analysis published on 03/17/2020 (GMT)
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- Timeframe : 1H
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- Status : NEUTRAL
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Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Slightly bearish
Technical indicators
56%
11%
33%
My opinion
Neutral between 4.7700 DKK and 4.8316 DKK
My targets
-
My analysis
The basic trend is slightly bearish and the short term is tentatively bullish. With such a pattern, it is difficult to favour buying or selling. The first resistance is located at 4.8316 DKK. The first support is located at 4.7700 DKK. Without a basic trend, it is be important to monitor the price reaction at the first levels of resistance or support. A bullish break in resistance could quickly reverse the basic trend. A bearish break in the support would be welcome to boost the slightly bearish basic trend. On the other hand, if the price is blocked by resistance or support, it could be attractive to trade against the trend on the last short-term movement registered by CAD/DKK.
Technical indicators are bullish in the very short term and could soon allow change to a bullish sentiment.
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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 4.8075 DKK. The price registered a decrease of +0.64% on the session and was between 4.7744 DKK and 4.8376 DKK. This implies that the price is at +0.69% from its lowest and at -0.62% from its highest.4.7744
4.8376
4.8075
A study of price movements over other periods shows the following variations:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of CAD/DKK in 1H shows an overall slightly bearish trend. 57.14% of the signals given by moving averages are bearish. Caution: the slightly bullish signals currently given by short-term moving averages could cause a reversal of the trend. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
The technical indicators are bullish. There is still some doubt about the price increase.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 4.6142 | 4.7244 | 4.7677 | 4.8075 | 4.8316 | 4.8867 | 4.9548 |
| Change (%) | -4.02% | -1.73% | -0.83% | - | +0.50% | +1.65% | +3.06% |
| Change | -0.1933 | -0.0831 | -0.0398 | - | +0.0241 | +0.0792 | +0.1473 |
| Level | Intermediate | Minor | Major | - | Major | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.6287 | 4.6979 | 4.7374 | 4.8066 | 4.8461 | 4.9153 | 4.9548 |
| Camarilla | 4.7470 | 4.7570 | 4.7669 | 4.7769 | 4.7869 | 4.7968 | 4.8068 |
| Woodie | 4.6139 | 4.6905 | 4.7226 | 4.7992 | 4.8313 | 4.9079 | 4.9400 |
| Fibonacci | 4.6979 | 4.7394 | 4.7651 | 4.8066 | 4.8481 | 4.8738 | 4.9153 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.6069 | 4.6656 | 4.7700 | 4.8287 | 4.9331 | 4.9918 | 5.0962 |
| Camarilla | 4.8295 | 4.8444 | 4.8594 | 4.8743 | 4.8893 | 4.9042 | 4.9192 |
| Woodie | 4.6297 | 4.6770 | 4.7928 | 4.8401 | 4.9559 | 5.0032 | 5.1190 |
| Fibonacci | 4.6656 | 4.7279 | 4.7664 | 4.8287 | 4.8910 | 4.9295 | 4.9918 |
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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 52.36 | |
| MACD (12,26,9): | 0.0010 | |
| Directional Movement: | 9.6568 | |
| AROON (14): | 35.7142 | |
| DEMA (21): | 4.7973 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.7928 | |
| Elder Ray (13): | 0.0131 | |
| Super Trend (3,10): | 4.8230 | |
| Zig ZAG (10): | 4.8048 | |
| VORTEX (21): | 1.0650 | |
| Stochastique (14,3,5): | 57.28 | |
| TEMA (21): | 4.8043 | |
| Williams %R (14): | -58.54 | |
| Chande Momentum Oscillator (20): | 0.0207 | |
| Repulse (5,40,3): | -0.5453 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0130 | |
| Courbe Coppock: | 0.97 |
| MA7: | 4.8097 | |
| MA20: | 4.9949 | |
| MA50: | 5.0863 | |
| MA100: | 5.0983 | |
| MAexp7: | 4.8034 | |
| MAexp20: | 4.7987 | |
| MAexp50: | 4.8050 | |
| MAexp100: | 4.8160 | |
| Price / MA7: | -0.05% | |
| Price / MA20: | -3.75% | |
| Price / MA50: | -5.48% | |
| Price / MA100: | -5.70% | |
| Price / MAexp7: | +0.09% | |
| Price / MAexp20: | +0.18% | |
| Price / MAexp50: | +0.05% | |
| Price / MAexp100: | -0.18% |
This member declared not having a position on this financial instrument or a related financial instrument.
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