CHF/DKK - 1H - Technical analysis published on 05/20/2024 (GMT)
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I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Strongly bearish
Technical indicators
50%
6%
44%
My opinion
Bearish under 7.5903 DKK
My targets
7.4844 DKK (-0.0659)
7.4200 DKK (-0.1303)
My analysis
With a strongly bearish trend, the price of CHF/DKK is trying to inflate a little while more or less stagnating in the short term. Is the price preparing for a rebound or a bearish rally recovery? Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 7.5903 DKK remains possible. It would be possible for traders to only trade short positions (for sale) on CHF/DKK as long as the price remains well below 7.5903 DKK. The next bearish objective for sellers is set at 7.4844 DKK. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 7.4200 DKK. In case of crossing, the next objective would be the support located at 7.3864 DKK.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
2.9
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Additional analysis
Quotes
The CHF/DKK price is 7.5503 DKK. The price registered an increase of +0.00% on the session and was between 7.5403 DKK and 7.5620 DKK. This implies that the price is at +0.13% from its lowest and at -0.15% from its highest.7.5403
7.5620
7.5503
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New LOW record (1 year)
Type : Bearish
Timeframe : Weekly
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of CHF/DKK indicates that the overall trend is strongly bearish. 82.14% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the strongly bearish trend is showing signs of running out of steam. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators shows a slightly bullish signal.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 6.6859 | 7.0903 | 7.3864 | 7.5503 | 7.5559 | 7.5903 | 7.6026 |
| Change (%) | -11.45% | -6.09% | -2.17% | - | +0.07% | +0.53% | +0.69% |
| Change | -0.8644 | -0.4600 | -0.1639 | - | +0.0056 | +0.0400 | +0.0523 |
| Level | Major | Minor | Intermediate | - | 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 | 7.5113 | 7.5301 | 7.5403 | 7.5591 | 7.5693 | 7.5881 | 7.5983 |
| Camarilla | 7.5425 | 7.5452 | 7.5478 | 7.5505 | 7.5532 | 7.5558 | 7.5585 |
| Woodie | 7.5070 | 7.5280 | 7.5360 | 7.5570 | 7.5650 | 7.5860 | 7.5940 |
| Fibonacci | 7.5301 | 7.5412 | 7.5480 | 7.5591 | 7.5702 | 7.5770 | 7.5881 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.4200 | 7.4844 | 7.5175 | 7.5819 | 7.6150 | 7.6794 | 7.7125 |
| Camarilla | 7.5237 | 7.5326 | 7.5416 | 7.5505 | 7.5594 | 7.5684 | 7.5773 |
| Woodie | 7.4043 | 7.4766 | 7.5018 | 7.5741 | 7.5993 | 7.6716 | 7.6968 |
| Fibonacci | 7.4844 | 7.5217 | 7.5447 | 7.5819 | 7.6192 | 7.6422 | 7.6794 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.2918 | 7.4324 | 7.5183 | 7.6589 | 7.7448 | 7.8854 | 7.9713 |
| Camarilla | 7.5418 | 7.5626 | 7.5833 | 7.6041 | 7.6249 | 7.6456 | 7.6664 |
| Woodie | 7.2644 | 7.4187 | 7.4909 | 7.6452 | 7.7174 | 7.8717 | 7.9439 |
| Fibonacci | 7.4324 | 7.5190 | 7.5724 | 7.6589 | 7.7455 | 7.7989 | 7.8854 |
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): | 46.04 | |
| MACD (12,26,9): | -0.0021 | |
| Directional Movement: | -2.1583 | |
| AROON (14): | 57.1428 | |
| DEMA (21): | 7.5476 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.5620 | |
| Elder Ray (13): | -0.0011 | |
| Super Trend (3,10): | 7.5578 | |
| Zig ZAG (10): | 7.5521 | |
| VORTEX (21): | 0.9866 | |
| Stochastique (14,3,5): | 52.84 | |
| TEMA (21): | 7.5520 | |
| Williams %R (14): | -48.85 | |
| Chande Momentum Oscillator (20): | 0.0091 | |
| Repulse (5,40,3): | 0.0105 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0075 | |
| Courbe Coppock: | 0.19 |
| MA7: | 7.5924 | |
| MA20: | 7.6177 | |
| MA50: | 7.6502 | |
| MA100: | 7.7748 | |
| MAexp7: | 7.5516 | |
| MAexp20: | 7.5518 | |
| MAexp50: | 7.5619 | |
| MAexp100: | 7.5780 | |
| Price / MA7: | -0.55% | |
| Price / MA20: | -0.88% | |
| Price / MA50: | -1.31% | |
| Price / MA100: | -2.89% | |
| Price / MAexp7: | -0.02% | |
| Price / MAexp20: | -0.02% | |
| Price / MAexp50: | -0.15% | |
| Price / MAexp100: | -0.37% |
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.
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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