CHF/DKK - 1H - Technical analysis published on 09/13/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
50%
6%
44%
My opinion
Bullish above 6.8450 DKK
My targets
6.8633 DKK (+0.0097)
6.8830 DKK (+0.0294)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 6.8450 DKK remains possible. It is advisable to trade CHF/DKK with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 6.8450 DKK. The next bullish objective for buyers is set at 6.8633 DKK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 6.8830 DKK. If there is any crossing, the next objective would be the resistance located at 6.8917 DKK. PS: if there is a bearish break in the support located at 6.8450 DKK we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
4.3
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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 CHF/DKK rating is 6.8536 DKK. The price is lower by -0.07% since the last closing with the lowest point at 6.8465 DKK and the highest point at 6.8616 DKK. The deviation from the price is +0.10% for the low point and -0.12% for the high point.6.8465
6.8616
6.8536
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
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
A technical analysis in 1H of this CHF/DKK chart shows a bullish trend. 75.00% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, according to the parameters integrated into the Central Analyzer system, only 9 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
MACD crosses UP its Moving Average
Type : Bullish
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
Support of channel is broken
Type : Bearish
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 | 6.8211 | 6.8341 | 6.8450 | 6.8536 | 6.8573 | 6.8633 | 6.8830 |
| Change (%) | -0.47% | -0.28% | -0.13% | - | +0.05% | +0.14% | +0.43% |
| Change | -0.0325 | -0.0195 | -0.0086 | - | +0.0037 | +0.0097 | +0.0294 |
| Level | Minor | Intermediate | Intermediate | - | Minor | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.8306 | 6.8379 | 6.8483 | 6.8556 | 6.8660 | 6.8733 | 6.8837 |
| Camarilla | 6.8537 | 6.8554 | 6.8570 | 6.8586 | 6.8602 | 6.8619 | 6.8635 |
| Woodie | 6.8321 | 6.8387 | 6.8498 | 6.8564 | 6.8675 | 6.8741 | 6.8852 |
| Fibonacci | 6.8379 | 6.8447 | 6.8489 | 6.8556 | 6.8624 | 6.8666 | 6.8733 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.7896 | 6.8053 | 6.8320 | 6.8477 | 6.8744 | 6.8901 | 6.9168 |
| Camarilla | 6.8469 | 6.8508 | 6.8547 | 6.8586 | 6.8625 | 6.8664 | 6.8703 |
| Woodie | 6.7950 | 6.8081 | 6.8374 | 6.8505 | 6.8798 | 6.8929 | 6.9222 |
| Fibonacci | 6.8053 | 6.8215 | 6.8315 | 6.8477 | 6.8639 | 6.8739 | 6.8901 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.7476 | 6.8037 | 6.8413 | 6.8974 | 6.9350 | 6.9911 | 7.0287 |
| Camarilla | 6.8531 | 6.8617 | 6.8703 | 6.8789 | 6.8875 | 6.8961 | 6.9047 |
| Woodie | 6.7384 | 6.7991 | 6.8321 | 6.8928 | 6.9258 | 6.9865 | 7.0195 |
| Fibonacci | 6.8037 | 6.8395 | 6.8616 | 6.8974 | 6.9332 | 6.9553 | 6.9911 |
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): | 60.84 | |
| MACD (12,26,9): | 0.0016 | |
| Directional Movement: | 4.1845 | |
| AROON (14): | 0 | |
| DEMA (21): | 6.8587 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.8524 | |
| Elder Ray (13): | 0.0021 | |
| Super Trend (3,10): | 6.8463 | |
| Zig ZAG (10): | 6.8605 | |
| VORTEX (21): | 1.1012 | |
| Stochastique (14,3,5): | 83.22 | |
| TEMA (21): | 6.8578 | |
| Williams %R (14): | -18.54 | |
| Chande Momentum Oscillator (20): | 0.0042 | |
| Repulse (5,40,3): | 0.0324 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0025 | |
| Courbe Coppock: | 0.12 |
| MA7: | 6.8470 | |
| MA20: | 6.8854 | |
| MA50: | 6.8818 | |
| MA100: | 6.8349 | |
| MAexp7: | 6.8580 | |
| MAexp20: | 6.8565 | |
| MAexp50: | 6.8525 | |
| MAexp100: | 6.8496 | |
| Price / MA7: | +0.10% | |
| Price / MA20: | -0.46% | |
| Price / MA50: | -0.41% | |
| Price / MA100: | +0.27% | |
| Price / MAexp7: | -0.06% | |
| Price / MAexp20: | -0.04% | |
| Price / MAexp50: | +0.02% | |
| Price / MAexp100: | +0.06% |
Quotes :
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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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