CHF/DKK - 1H - Technical analysis published on 12/30/2024 (GMT)
- 90
- 0
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
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
50%
17%
33%
My opinion
Bearish under 7.9660 DKK
My targets
7.8659 DKK (-0.0615)
7.8349 DKK (-0.0925)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on CHF/DKK. As long as you are under the resistance located at 7.9660 DKK, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 7.8659 DKK would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 7.8349 DKK as an objective. Crossing it would then enable sellers to target 7.7927 DKK. If the resistance 7.9660 DKK were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
3.2
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CHF/DKK price is 7.9274 DKK. The price is lower by -0.04% since the last closing with the lowest point at 7.9014 DKK and the highest point at 7.9405 DKK. The deviation from the price is +0.33% for the low point and -0.16% for the high point.7.9014
7.9405
7.9274
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
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 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 bearish. 78.57% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, only 9 technical indicators out of 18 analysed are currently bullish. No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Near support of channel
Type : Bullish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Bullish engulfing lines
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 7.7927 | 7.8349 | 7.9218 | 7.9274 | 7.9660 | 7.9800 | 8.0030 |
| Change (%) | -1.70% | -1.17% | -0.07% | - | +0.49% | +0.66% | +0.95% |
| Change | -0.1347 | -0.0925 | -0.0056 | - | +0.0386 | +0.0526 | +0.0756 |
| Level | Minor | Major | Intermediate | - | Intermediate | Intermediate | Minor |
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 | 7.8694 | 7.8975 | 7.9138 | 7.9419 | 7.9582 | 7.9863 | 8.0026 |
| Camarilla | 7.9180 | 7.9221 | 7.9261 | 7.9302 | 7.9343 | 7.9383 | 7.9424 |
| Woodie | 7.8636 | 7.8946 | 7.9080 | 7.9390 | 7.9524 | 7.9834 | 7.9968 |
| Fibonacci | 7.8975 | 7.9144 | 7.9249 | 7.9419 | 7.9588 | 7.9693 | 7.9863 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.8062 | 7.8659 | 7.8980 | 7.9577 | 7.9898 | 8.0495 | 8.0816 |
| Camarilla | 7.9050 | 7.9134 | 7.9218 | 7.9302 | 7.9386 | 7.9470 | 7.9555 |
| Woodie | 7.7925 | 7.8590 | 7.8843 | 7.9508 | 7.9761 | 8.0426 | 8.0679 |
| Fibonacci | 7.8659 | 7.9009 | 7.9226 | 7.9577 | 7.9927 | 8.0144 | 8.0495 |
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 technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 46.88 | |
| MACD (12,26,9): | -0.0053 | |
| Directional Movement: | -4.7709 | |
| AROON (14): | -71.4286 | |
| DEMA (21): | 7.9197 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.9026 | |
| Elder Ray (13): | -0.0005 | |
| Super Trend (3,10): | 7.9316 | |
| Zig ZAG (10): | 7.9268 | |
| VORTEX (21): | 0.9389 | |
| Stochastique (14,3,5): | 65.70 | |
| TEMA (21): | 7.9208 | |
| Williams %R (14): | -24.93 | |
| Chande Momentum Oscillator (20): | -0.0065 | |
| Repulse (5,40,3): | 0.1194 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0110 | |
| Courbe Coppock: | 0.28 |
| MA7: | 7.9673 | |
| MA20: | 7.9900 | |
| MA50: | 7.9771 | |
| MA100: | 7.9466 | |
| MAexp7: | 7.9235 | |
| MAexp20: | 7.9272 | |
| MAexp50: | 7.9387 | |
| MAexp100: | 7.9510 | |
| Price / MA7: | -0.50% | |
| Price / MA20: | -0.78% | |
| Price / MA50: | -0.62% | |
| Price / MA100: | -0.24% | |
| Price / MAexp7: | +0.05% | |
| Price / MAexp20: | +0.00% | |
| Price / MAexp50: | -0.14% | |
| Price / MAexp100: | -0.30% |
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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