CHF/DKK - 1H - Technical analysis published on 12/16/2024 (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 bearish
Underlying:
Strongly bearish
Technical indicators
11%
67%
22%
My opinion
Bearish under 7.9632 DKK
My targets
7.9435 DKK (-0.0100)
7.9121 DKK (-0.0414)
My analysis
The bearish trend is currently very strong for CHF/DKK. As long as the price remains below the resistance at 7.9632 DKK, you could try to take advantage of the bearish rally. The first bearish objective is located at 7.9435 DKK. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 7.9121 DKK as an objective. Crossing it would then enable sellers to target 7.8403 DKK. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
7.9
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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 7.9535 DKK. The price registered an increase of +0.00% on the session and was between 7.9434 DKK and 7.9769 DKK. This implies that the price is at +0.13% from its lowest and at -0.29% from its highest.7.9434
7.9769
7.9535
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by CHF/DKK:
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 this 1H chart of CHF/DKK indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 12 technical indicators on 18 studied are currently positioned bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Bearish harami
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 7.7927 | 7.8403 | 7.9435 | 7.9535 | 7.9632 | 7.9990 | 8.0167 |
| Change (%) | -2.02% | -1.42% | -0.13% | - | +0.12% | +0.57% | +0.79% |
| Change | -0.1608 | -0.1132 | -0.0100 | - | +0.0097 | +0.0455 | +0.0632 |
| Level | Minor | Major | Intermediate | - | Minor | Major | Intermediate |
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 | 7.8899 | 7.9167 | 7.9352 | 7.9620 | 7.9805 | 8.0073 | 8.0258 |
| Camarilla | 7.9412 | 7.9454 | 7.9496 | 7.9537 | 7.9579 | 7.9620 | 7.9662 |
| Woodie | 7.8858 | 7.9146 | 7.9311 | 7.9599 | 7.9764 | 8.0052 | 8.0217 |
| Fibonacci | 7.9167 | 7.9340 | 7.9447 | 7.9620 | 7.9793 | 7.9900 | 8.0073 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.7976 | 7.8706 | 7.9121 | 7.9851 | 8.0266 | 8.0996 | 8.1411 |
| Camarilla | 7.9222 | 7.9327 | 7.9432 | 7.9537 | 7.9642 | 7.9747 | 7.9852 |
| Woodie | 7.7820 | 7.8627 | 7.8965 | 7.9772 | 8.0110 | 8.0917 | 8.1255 |
| Fibonacci | 7.8706 | 7.9143 | 7.9413 | 7.9851 | 8.0288 | 8.0558 | 8.0996 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.6849 | 7.7890 | 7.8957 | 7.9998 | 8.1065 | 8.2106 | 8.3173 |
| Camarilla | 7.9445 | 7.9639 | 7.9832 | 8.0025 | 8.0218 | 8.0412 | 8.0605 |
| Woodie | 7.6863 | 7.7897 | 7.8971 | 8.0005 | 8.1079 | 8.2113 | 8.3187 |
| Fibonacci | 7.7890 | 7.8695 | 7.9192 | 7.9998 | 8.0803 | 8.1300 | 8.2106 |
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): | 35.60 | |
| MACD (12,26,9): | -0.0035 | |
| Directional Movement: | -9.5948 | |
| AROON (14): | -35.7143 | |
| DEMA (21): | 7.9550 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.9742 | |
| Elder Ray (13): | -0.0088 | |
| Super Trend (3,10): | 7.9783 | |
| Zig ZAG (10): | 7.9462 | |
| VORTEX (21): | 0.9278 | |
| Stochastique (14,3,5): | 12.86 | |
| TEMA (21): | 7.9580 | |
| Williams %R (14): | -91.94 | |
| Chande Momentum Oscillator (20): | -0.0137 | |
| Repulse (5,40,3): | -0.1955 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0047 | |
| Courbe Coppock: | 0.03 |
| MA7: | 8.0025 | |
| MA20: | 8.0082 | |
| MA50: | 7.9722 | |
| MA100: | 7.9422 | |
| MAexp7: | 7.9569 | |
| MAexp20: | 7.9599 | |
| MAexp50: | 7.9712 | |
| MAexp100: | 7.9880 | |
| Price / MA7: | -0.61% | |
| Price / MA20: | -0.68% | |
| Price / MA50: | -0.23% | |
| Price / MA100: | +0.14% | |
| Price / MAexp7: | -0.04% | |
| Price / MAexp20: | -0.08% | |
| Price / MAexp50: | -0.22% | |
| Price / MAexp100: | -0.43% |
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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