CHF/DKK - 1H - Technical analysis published on 11/22/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
56%
17%
28%
My opinion
Bullish above 8.0172 DKK
My targets
8.0470 DKK (+0.0132)
My analysis
CHF/DKK is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 8.0172 DKK. The next resistance located at 8.0470 DKK is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. With the current pattern, you will need to monitor for possible bullish 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 bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.3
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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 8.0338 DKK. The price registered an increase of +0.00% on the session and was between 8.0308 DKK and 8.0403 DKK. This implies that the price is at +0.04% from its lowest and at -0.08% from its highest.8.0308
8.0403
8.0338
A study of price movements over other periods shows the following variations:
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
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this CHF/DKK chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish 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.
The technical indicators are bullish. There is still some doubt about the price increase.
But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Bearish engulfing lines
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 7.9648 | 7.9880 | 8.0172 | 8.0338 | 8.0386 |
| Change (%) | -0.86% | -0.57% | -0.21% | - | +0.06% |
| Change | -0.0690 | -0.0458 | -0.0166 | - | +0.0048 |
| Level | Intermediate | Minor | Intermediate | - | Major |
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 | 7.9773 | 7.9906 | 8.0123 | 8.0256 | 8.0473 | 8.0606 | 8.0823 |
| Camarilla | 8.0243 | 8.0275 | 8.0307 | 8.0339 | 8.0371 | 8.0403 | 8.0435 |
| Woodie | 7.9814 | 7.9927 | 8.0164 | 8.0277 | 8.0514 | 8.0627 | 8.0864 |
| Fibonacci | 7.9906 | 8.0040 | 8.0123 | 8.0256 | 8.0390 | 8.0473 | 8.0606 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.8802 | 7.9063 | 7.9358 | 7.9619 | 7.9914 | 8.0175 | 8.0470 |
| Camarilla | 7.9499 | 7.9550 | 7.9601 | 7.9652 | 7.9703 | 7.9754 | 7.9805 |
| Woodie | 7.8818 | 7.9072 | 7.9374 | 7.9628 | 7.9930 | 8.0184 | 8.0486 |
| Fibonacci | 7.9063 | 7.9276 | 7.9407 | 7.9619 | 7.9832 | 7.9963 | 8.0175 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.7995 | 7.8499 | 7.8929 | 7.9433 | 7.9863 | 8.0367 | 8.0797 |
| Camarilla | 7.9101 | 7.9187 | 7.9272 | 7.9358 | 7.9444 | 7.9529 | 7.9615 |
| Woodie | 7.7957 | 7.8481 | 7.8891 | 7.9415 | 7.9825 | 8.0349 | 8.0759 |
| Fibonacci | 7.8499 | 7.8856 | 7.9077 | 7.9433 | 7.9790 | 8.0011 | 8.0367 |
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): | 67.93 | |
| MACD (12,26,9): | 0.0071 | |
| Directional Movement: | 17.4303 | |
| AROON (14): | 92.8571 | |
| DEMA (21): | 8.0379 | |
| Parabolic SAR (0,02-0,02-0,2): | 8.0221 | |
| Elder Ray (13): | 0.0036 | |
| Super Trend (3,10): | 8.0167 | |
| Zig ZAG (10): | 8.0336 | |
| VORTEX (21): | 1.1270 | |
| Stochastique (14,3,5): | 78.37 | |
| TEMA (21): | 8.0380 | |
| Williams %R (14): | -40.46 | |
| Chande Momentum Oscillator (20): | 0.0077 | |
| Repulse (5,40,3): | -0.0299 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0135 | |
| Courbe Coppock: | 0.29 |
| MA7: | 7.9906 | |
| MA20: | 7.9579 | |
| MA50: | 7.9440 | |
| MA100: | 7.8944 | |
| MAexp7: | 8.0340 | |
| MAexp20: | 8.0285 | |
| MAexp50: | 8.0145 | |
| MAexp100: | 7.9994 | |
| Price / MA7: | +0.54% | |
| Price / MA20: | +0.95% | |
| Price / MA50: | +1.13% | |
| Price / MA100: | +1.77% | |
| Price / MAexp7: | +0.00% | |
| Price / MAexp20: | +0.07% | |
| Price / MAexp50: | +0.24% | |
| Price / MAexp100: | +0.43% |
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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