CHF/DKK - 1H - Technical analysis published on 10/03/2024 (GMT)
- 124
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- 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 bearish
Underlying:
Slightly bullish
Technical indicators
22%
50%
28%
My opinion
Bearish under 7.9517 DKK
My targets
7.9329 DKK (-0.0106)
7.8890 DKK (-0.0545)
My analysis
The strong short-term decline in CHF/DKK calls into question the currently slightly bullish basic trend. A trend reversal is likely. As long as the price remains below the resistance located at 7.9517 DKK, one could consider taking advantage of the short-term movement. The first bearish objective is located at 7.9329 DKK. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 7.8890 DKK as an objective. Crossing it would then enable sellers to target 7.8658 DKK. Be careful, a return to above 7.9517 DKK could jeopardize the reversal.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
1.6
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:
Additional analysis
Quotes
CHF/DKK rating 7.9435 DKK. On the day, this instrument lost -0.02% and was between 7.9155 DKK and 7.9626 DKK. This implies that the price is at +0.35% from its lowest and at -0.24% from its highest.7.9155
7.9626
7.9435
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:
Near a 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
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of CHF/DKK in 1H shows an overall slightly bullish trend. 53.57% of the signals given by moving averages are bullish. Caution: the strong bearish signals currently being given by short-term moving averages indicate that this slightly bullish trend could be reversed. An assessment of moving averages reveals several bullish signals that could impact this trend:
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 5 are neutral and 9 are bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
CCI indicator: bullish divergence
Type : Bullish
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 support of channel
Type : Bullish
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 | 7.8658 | 7.8890 | 7.9329 | 7.9435 | 7.9517 | 7.9681 | 7.9985 |
| Change (%) | -0.98% | -0.69% | -0.13% | - | +0.10% | +0.31% | +0.69% |
| Change | -0.0777 | -0.0545 | -0.0106 | - | +0.0082 | +0.0246 | +0.0550 |
| Level | Minor | Minor | Major | - | Intermediate | Minor | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.8727 | 7.9027 | 7.9239 | 7.9539 | 7.9751 | 8.0051 | 8.0263 |
| Camarilla | 7.9310 | 7.9357 | 7.9404 | 7.9451 | 7.9498 | 7.9545 | 7.9592 |
| Woodie | 7.8683 | 7.9005 | 7.9195 | 7.9517 | 7.9707 | 8.0029 | 8.0219 |
| Fibonacci | 7.9027 | 7.9223 | 7.9343 | 7.9539 | 7.9735 | 7.9855 | 8.0051 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.7647 | 7.8035 | 7.8736 | 7.9124 | 7.9825 | 8.0213 | 8.0914 |
| Camarilla | 7.9137 | 7.9236 | 7.9336 | 7.9436 | 7.9536 | 7.9636 | 7.9736 |
| Woodie | 7.7803 | 7.8113 | 7.8892 | 7.9202 | 7.9981 | 8.0291 | 8.1070 |
| Fibonacci | 7.8035 | 7.8451 | 7.8708 | 7.9124 | 7.9540 | 7.9797 | 8.0213 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.6596 | 7.7510 | 7.8350 | 7.9264 | 8.0104 | 8.1018 | 8.1858 |
| Camarilla | 7.8708 | 7.8868 | 7.9029 | 7.9190 | 7.9351 | 7.9512 | 7.9672 |
| Woodie | 7.6559 | 7.7492 | 7.8313 | 7.9246 | 8.0067 | 8.1000 | 8.1821 |
| Fibonacci | 7.7510 | 7.8180 | 7.8594 | 7.9264 | 7.9934 | 8.0348 | 8.1018 |
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): | 44.46 | |
| MACD (12,26,9): | -0.0033 | |
| Directional Movement: | -9.5075 | |
| AROON (14): | -7.1429 | |
| DEMA (21): | 7.9407 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.9598 | |
| Elder Ray (13): | -0.0065 | |
| Super Trend (3,10): | 7.9649 | |
| Zig ZAG (10): | 7.9350 | |
| VORTEX (21): | 0.9990 | |
| Stochastique (14,3,5): | 49.26 | |
| TEMA (21): | 7.9366 | |
| Williams %R (14): | -62.00 | |
| Chande Momentum Oscillator (20): | -0.0119 | |
| Repulse (5,40,3): | -0.0499 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0046 | |
| Courbe Coppock: | 0.19 |
| MA7: | 7.9244 | |
| MA20: | 7.9297 | |
| MA50: | 7.9062 | |
| MA100: | 7.7976 | |
| MAexp7: | 7.9400 | |
| MAexp20: | 7.9445 | |
| MAexp50: | 7.9443 | |
| MAexp100: | 7.9351 | |
| Price / MA7: | +0.24% | |
| Price / MA20: | +0.17% | |
| Price / MA50: | +0.47% | |
| Price / MA100: | +1.87% | |
| Price / MAexp7: | +0.04% | |
| Price / MAexp20: | -0.01% | |
| Price / MAexp50: | -0.01% | |
| Price / MAexp100: | +0.11% |
Quotes :
-
Real time data
-
Forex
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
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