CHF/DKK
CHF DKK
- DKK (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: CHFDKK
ISIN:

CHF/DKK - 1H - Technical analysis published on 05/23/2024 (GMT)

  • 161
  • 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
  • Timeframe : 1H
  • - Analysis generated on
  • Status : INVALID

Analysis too old. There are no more charts available.

Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Strongly bearish
Technical indicators
22%
44%
33%
My opinion
Bearish under 7.5404 DKK
My targets
7.4844 DKK (-0.0457)
7.4200 DKK (-0.1101)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on CHF/DKK as long as the price remains well below 7.5404 DKK. The sellers' bearish objective 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. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
6.8

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

CHF/DKK rating 7.5301 DKK. The price registered a decrease of -0.02% on the session and was traded between 7.5260 DKK and 7.5439 DKK over the period. The price is currently at +0.05% from its lowest and -0.18% from its highest.

7.5260
7.5439
7.5301

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly


Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly


Near a new HIGH record (1 month)

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 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:

Central Indicators

Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : 1 hour



In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 6 are neutral and 8 are bearish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Parabolic SAR indicator bearish reversal

Type : Bearish

Timeframe : 1 hour


Price is back under the pivot point

Type : Bearish

Timeframe : 1 hour


Momentum indicator is back under 0

Type : Bearish

Timeframe : 1 hour



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour


Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour



The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:

Central Candlesticks

Bearish engulfing lines

Type : Bearish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 7.0903 7.3864 7.5250 7.5301 7.5404 7.5559 7.5903
Change (%) -5.84% -1.91% -0.07% - +0.14% +0.34% +0.80%
Change -0.4398 -0.1437 -0.0051 - +0.0103 +0.0258 +0.0602
Level Minor Intermediate Intermediate - Intermediate Major Major



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard7.50357.51427.52307.53377.54257.55327.5620
Camarilla7.52657.52837.53017.53197.53377.53557.5373
Woodie7.50277.51377.52227.53327.54177.55277.5612
Fibonacci7.51427.52167.52627.53377.54117.54577.5532


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard7.42007.48447.51757.58197.61507.67947.7125
Camarilla7.52377.53267.54167.55057.55947.56847.5773
Woodie7.40437.47667.50187.57417.59937.67167.6968
Fibonacci7.48447.52177.54477.58197.61927.64227.6794


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard7.29187.43247.51837.65897.74487.88547.9713
Camarilla7.54187.56267.58337.60417.62497.64567.6664
Woodie7.26447.41877.49097.64527.71747.87177.9439
Fibonacci7.43247.51907.57247.65897.74557.79897.8854

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): 46.48
MACD (12,26,9): -0.0011
Directional Movement: 8.8429
AROON (14): 92.8571
DEMA (21): 7.5316
Parabolic SAR (0,02-0,02-0,2): 7.5268
Elder Ray (13): -0.0010
Super Trend (3,10): 7.5478
Zig ZAG (10): 7.5308
VORTEX (21): 1.0312
Stochastique (14,3,5): 33.10
TEMA (21): 7.5325
Williams %R (14): -94.84
Chande Momentum Oscillator (20): -0.0010
Repulse (5,40,3): -0.1396
ROCnROLL: 2
TRIX (15,9): -0.0036
Courbe Coppock: 0.02
MA7: 7.5552
MA20: 7.6039
MA50: 7.6368
MA100: 7.7602
MAexp7: 7.5326
MAexp20: 7.5341
MAexp50: 7.5386
MAexp100: 7.5498
Price / MA7: -0.33%
Price / MA20: -0.97%
Price / MA50: -1.40%
Price / MA100: -2.97%
Price / MAexp7: -0.03%
Price / MAexp20: -0.05%
Price / MAexp50: -0.11%
Price / MAexp100: -0.26%

Quotes : - Real time data - Forex

This member declared not having a position on this financial instrument or a related financial instrument.

About author

Online

Overall rating :
15528
Number of analyses :
Followers :
0
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…

Add a comment

Comments

0 comments on the analysis CHF/DKK - 1H