CHF/DKK - 1H - Technical analysis published on 08/23/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
50%
33%
My opinion
Bearish under 6.9312 DKK
My targets
6.8897 DKK (-0.0266)
6.8633 DKK (-0.0530)
My analysis
The bearish trend is currently very strong for CHF/DKK. As long as the price remains below the resistance at 6.9312 DKK, you could try to take advantage of the bearish rally. The first bearish objective is located at 6.8897 DKK. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 6.8633 DKK as an objective. Crossing it would then enable sellers to target 6.7794 DKK. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
6.4
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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
CHF/DKK rating 6.9163 DKK. The price registered a decrease of -0.22% on the session with the lowest point at 6.9129 DKK and the highest point at 6.9405 DKK. The deviation from the price is +0.05% for the low point and -0.35% for the high point.6.9129
6.9405
6.9163
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by CHF/DKK:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of CHF/DKK indicates that the overall trend is strongly bearish. 85.71% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The probability of a further decline is low given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Near support of triangle
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
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 | 6.8633 | 6.8897 | 6.9122 | 6.9163 | 6.9312 | 6.9504 | 6.9739 |
| Change (%) | -0.77% | -0.38% | -0.06% | - | +0.22% | +0.49% | +0.83% |
| Change | -0.0530 | -0.0266 | -0.0041 | - | +0.0149 | +0.0341 | +0.0576 |
| Level | Major | Minor | Intermediate | - | Major | Intermediate | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.8997 | 6.9137 | 6.9225 | 6.9365 | 6.9453 | 6.9593 | 6.9681 |
| Camarilla | 6.9249 | 6.9270 | 6.9291 | 6.9312 | 6.9333 | 6.9354 | 6.9375 |
| Woodie | 6.8970 | 6.9124 | 6.9198 | 6.9352 | 6.9426 | 6.9580 | 6.9654 |
| Fibonacci | 6.9137 | 6.9224 | 6.9278 | 6.9365 | 6.9452 | 6.9506 | 6.9593 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.8020 | 6.8367 | 6.8840 | 6.9187 | 6.9660 | 7.0007 | 7.0480 |
| Camarilla | 6.9087 | 6.9162 | 6.9237 | 6.9312 | 6.9387 | 6.9462 | 6.9538 |
| Woodie | 6.8082 | 6.8399 | 6.8902 | 6.9219 | 6.9722 | 7.0039 | 7.0542 |
| Fibonacci | 6.8367 | 6.8681 | 6.8874 | 6.9187 | 6.9501 | 6.9694 | 7.0007 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.6607 | 6.7141 | 6.8185 | 6.8719 | 6.9763 | 7.0297 | 7.1341 |
| Camarilla | 6.8795 | 6.8940 | 6.9084 | 6.9229 | 6.9374 | 6.9518 | 6.9663 |
| Woodie | 6.6862 | 6.7269 | 6.8440 | 6.8847 | 7.0018 | 7.0425 | 7.1596 |
| Fibonacci | 6.7141 | 6.7744 | 6.8116 | 6.8719 | 6.9322 | 6.9694 | 7.0297 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 39.59 | |
| MACD (12,26,9): | -0.0034 | |
| Directional Movement: | -2.4529 | |
| AROON (14): | -21.4286 | |
| DEMA (21): | 6.9240 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.9381 | |
| Elder Ray (13): | -0.0054 | |
| Super Trend (3,10): | 6.9388 | |
| Zig ZAG (10): | 6.9225 | |
| VORTEX (21): | 0.9166 | |
| Stochastique (14,3,5): | 21.51 | |
| TEMA (21): | 6.9218 | |
| Williams %R (14): | -72.91 | |
| Chande Momentum Oscillator (20): | -0.0072 | |
| Repulse (5,40,3): | -0.0660 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0056 | |
| Courbe Coppock: | 0.22 |
| MA7: | 6.9214 | |
| MA20: | 6.9090 | |
| MA50: | 6.8590 | |
| MA100: | 6.8159 | |
| MAexp7: | 6.9225 | |
| MAexp20: | 6.9286 | |
| MAexp50: | 6.9314 | |
| MAexp100: | 6.9280 | |
| Price / MA7: | -0.07% | |
| Price / MA20: | +0.11% | |
| Price / MA50: | +0.84% | |
| Price / MA100: | +1.47% | |
| Price / MAexp7: | -0.09% | |
| Price / MAexp20: | -0.18% | |
| Price / MAexp50: | -0.22% | |
| Price / MAexp100: | -0.17% |
Quotes :
-
Real time data
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Forex
This member declared not having a position on this financial instrument or a related financial instrument.
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