CHF/DKK - 1H - Technical analysis published on 08/15/2022 (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
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
44%
22%
33%
My opinion
Bullish above 7.6839 DKK
My targets
7.7409 DKK (+0.0415)
7.7818 DKK (+0.0824)
My analysis
The bullish trend is currently very strong on CHF/DKK. As long as the price remains above the support at 7.6839 DKK, you could try to benefit from the boom. The first bullish objective is located at 7.7409 DKK. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 7.7818 DKK as an objective. Crossing it would then enable buyers to target 7.8588 DKK. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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 bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
6.8
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
CHF/DKK rating 7.6994 DKK. On the day, this instrument lost -0.01% and was between 7.6963 DKK and 7.7105 DKK. This implies that the price is at +0.04% from its lowest and at -0.14% from its highest.7.6963
7.7105
7.6994
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
A study of price movements over other periods shows the following variations:
New HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of CHF/DKK in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
On the 18 technical indicators analysed, 8 are bullish, 6 are neutral and 4 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
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 a result that can have an impact on the price change:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
Price
| S3 | S2 | S1 | Price | |
|---|---|---|---|---|
| ProTrendLines | 7.6250 | 7.6521 | 7.6839 | 7.6994 |
| Change (%) | -0.97% | -0.61% | -0.20% | - |
| Change | -0.0744 | -0.0473 | -0.0155 | - |
| Level | Intermediate | Intermediate | Minor | - |
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 | 7.6125 | 7.6318 | 7.6660 | 7.6853 | 7.7195 | 7.7388 | 7.7730 |
| Camarilla | 7.6854 | 7.6903 | 7.6952 | 7.7001 | 7.7050 | 7.7099 | 7.7148 |
| Woodie | 7.6199 | 7.6355 | 7.6734 | 7.6890 | 7.7269 | 7.7425 | 7.7804 |
| Fibonacci | 7.6318 | 7.6523 | 7.6649 | 7.6853 | 7.7058 | 7.7184 | 7.7388 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.5051 | 7.5460 | 7.6230 | 7.6639 | 7.7409 | 7.7818 | 7.8588 |
| Camarilla | 7.6677 | 7.6785 | 7.6893 | 7.7001 | 7.7109 | 7.7217 | 7.7325 |
| Woodie | 7.5233 | 7.5550 | 7.6412 | 7.6729 | 7.7591 | 7.7908 | 7.8770 |
| Fibonacci | 7.5460 | 7.5910 | 7.6188 | 7.6639 | 7.7089 | 7.7367 | 7.7818 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.2045 | 7.3043 | 7.4777 | 7.5775 | 7.7509 | 7.8507 | 8.0241 |
| Camarilla | 7.5759 | 7.6009 | 7.6260 | 7.6510 | 7.6760 | 7.7011 | 7.7261 |
| Woodie | 7.2412 | 7.3227 | 7.5144 | 7.5959 | 7.7876 | 7.8691 | 8.0608 |
| Fibonacci | 7.3043 | 7.4087 | 7.4732 | 7.5775 | 7.6819 | 7.7464 | 7.8507 |
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): | 62.96 | |
| MACD (12,26,9): | 0.0085 | |
| Directional Movement: | 18.1735 | |
| AROON (14): | 50.0000 | |
| DEMA (21): | 7.7042 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.7097 | |
| Elder Ray (13): | 0.0034 | |
| Super Trend (3,10): | 7.6784 | |
| Zig ZAG (10): | 7.6998 | |
| VORTEX (21): | 1.1568 | |
| Stochastique (14,3,5): | 62.40 | |
| TEMA (21): | 7.7060 | |
| Williams %R (14): | -51.42 | |
| Chande Momentum Oscillator (20): | 0.0061 | |
| Repulse (5,40,3): | -0.0520 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0178 | |
| Courbe Coppock: | 0.35 |
| MA7: | 7.6570 | |
| MA20: | 7.6187 | |
| MA50: | 7.4678 | |
| MA100: | 7.3488 | |
| MAexp7: | 7.6999 | |
| MAexp20: | 7.6927 | |
| MAexp50: | 7.6782 | |
| MAexp100: | 7.6643 | |
| Price / MA7: | +0.55% | |
| Price / MA20: | +1.06% | |
| Price / MA50: | +3.10% | |
| Price / MA100: | +4.77% | |
| Price / MAexp7: | -0.01% | |
| Price / MAexp20: | +0.09% | |
| Price / MAexp50: | +0.28% | |
| Price / MAexp100: | +0.46% |
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.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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