CHF/DKK - 1H - Technical analysis published on 12/08/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
72%
11%
My opinion
Bearish under 7.1345 DKK
My targets
7.1153 DKK (-0.0095)
7.0965 DKK (-0.0283)
My analysis
CHF/DKK is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 7.1345 DKK. The next support located at 7.1153 DKK is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 7.0965 DKK. Below this support, sellers could then target 7.0834 DKK. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
7.5
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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
CHF/DKK rating 7.1248 DKK. The price is lower by -0.14% since the last closing and was between 7.1216 DKK and 7.1390 DKK. This implies that the price is at +0.04% from its lowest and at -0.20% from its highest.7.1216
7.1390
7.1248
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:
New HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this CHF/DKK chart shows a sharp bearish trend. The signals given by moving averages are 89.29% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 13 technical indicators on 18 studied are currently positioned bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
Ichimoku : price is under the cloud
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
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 | 7.0834 | 7.0965 | 7.1153 | 7.1248 | 7.1345 | 7.1479 | 7.1589 |
| Change (%) | -0.58% | -0.40% | -0.13% | - | +0.14% | +0.32% | +0.48% |
| Change | -0.0414 | -0.0283 | -0.0095 | - | +0.0097 | +0.0231 | +0.0341 |
| Level | Minor | Major | Major | - | Intermediate | 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 | 7.0874 | 7.1022 | 7.1186 | 7.1334 | 7.1498 | 7.1646 | 7.1810 |
| Camarilla | 7.1264 | 7.1293 | 7.1321 | 7.1350 | 7.1379 | 7.1407 | 7.1436 |
| Woodie | 7.0882 | 7.1026 | 7.1194 | 7.1338 | 7.1506 | 7.1650 | 7.1818 |
| Fibonacci | 7.1022 | 7.1141 | 7.1215 | 7.1334 | 7.1453 | 7.1527 | 7.1646 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.0592 | 7.0823 | 7.1216 | 7.1447 | 7.1840 | 7.2071 | 7.2464 |
| Camarilla | 7.1438 | 7.1496 | 7.1553 | 7.1610 | 7.1667 | 7.1724 | 7.1782 |
| Woodie | 7.0674 | 7.0864 | 7.1298 | 7.1488 | 7.1922 | 7.2112 | 7.2546 |
| Fibonacci | 7.0823 | 7.1061 | 7.1208 | 7.1447 | 7.1685 | 7.1832 | 7.2071 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.9052 | 6.9601 | 7.0489 | 7.1038 | 7.1926 | 7.2475 | 7.3363 |
| Camarilla | 7.0983 | 7.1115 | 7.1246 | 7.1378 | 7.1510 | 7.1642 | 7.1773 |
| Woodie | 6.9223 | 6.9686 | 7.0660 | 7.1123 | 7.2097 | 7.2560 | 7.3534 |
| Fibonacci | 6.9601 | 7.0150 | 7.0489 | 7.1038 | 7.1587 | 7.1926 | 7.2475 |
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): | 37.77 | |
| MACD (12,26,9): | -0.0024 | |
| Directional Movement: | -9.0723 | |
| AROON (14): | -92.8571 | |
| DEMA (21): | 7.1278 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.1367 | |
| Elder Ray (13): | -0.0055 | |
| Super Trend (3,10): | 7.1208 | |
| Zig ZAG (10): | 7.1252 | |
| VORTEX (21): | 0.9040 | |
| Stochastique (14,3,5): | 23.54 | |
| TEMA (21): | 7.1274 | |
| Williams %R (14): | -70.19 | |
| Chande Momentum Oscillator (20): | -0.0029 | |
| Repulse (5,40,3): | -0.0266 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0027 | |
| Courbe Coppock: | 0.19 |
| MA7: | 7.1380 | |
| MA20: | 7.1034 | |
| MA50: | 7.0243 | |
| MA100: | 6.9522 | |
| MAexp7: | 7.1280 | |
| MAexp20: | 7.1304 | |
| MAexp50: | 7.1336 | |
| MAexp100: | 7.1357 | |
| Price / MA7: | -0.18% | |
| Price / MA20: | +0.30% | |
| Price / MA50: | +1.43% | |
| Price / MA100: | +2.48% | |
| Price / MAexp7: | -0.04% | |
| Price / MAexp20: | -0.08% | |
| Price / MAexp50: | -0.12% | |
| Price / MAexp100: | -0.15% |
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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