CHF/DKK - 1H - Technical analysis published on 02/04/2025 (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
78%
6%
17%
My opinion
Bullish above 7.9361 DKK
My targets
7.9657 DKK (+0.0157)
7.9983 DKK (+0.0483)
My analysis
The bullish trend is currently very strong on CHF/DKK. As long as the price remains above the support at 7.9361 DKK, you could try to benefit from the boom. The first bullish objective is located at 7.9657 DKK. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 7.9983 DKK as an objective. Crossing it would then enable buyers to target 8.0386 DKK. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8.4
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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 7.9500 DKK. On the day, this instrument gained +0.32% and was traded between 7.9234 DKK and 7.9572 DKK over the period. The price is currently at +0.34% from its lowest and -0.09% from its highest.7.9234
7.9572
7.9500
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 LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a 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 strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
In fact, 14 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Ichimoku : price is over the cloud
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 horizontal resistance
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 7.9107 | 7.9361 | 7.9486 | 7.9500 | 7.9657 | 7.9983 | 8.0386 |
| Change (%) | -0.49% | -0.17% | -0.02% | - | +0.20% | +0.61% | +1.11% |
| Change | -0.0393 | -0.0139 | -0.0014 | - | +0.0157 | +0.0483 | +0.0886 |
| Level | Major | Minor | Minor | - | Minor | Major | 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 | 7.8093 | 7.8644 | 7.8944 | 7.9495 | 7.9795 | 8.0346 | 8.0646 |
| Camarilla | 7.9011 | 7.9089 | 7.9167 | 7.9245 | 7.9323 | 7.9401 | 7.9479 |
| Woodie | 7.7969 | 7.8581 | 7.8820 | 7.9432 | 7.9671 | 8.0283 | 8.0522 |
| Fibonacci | 7.8644 | 7.8969 | 7.9170 | 7.9495 | 7.9820 | 8.0021 | 8.0346 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.7941 | 7.8229 | 7.8625 | 7.8913 | 7.9309 | 7.9597 | 7.9993 |
| Camarilla | 7.8832 | 7.8895 | 7.8957 | 7.9020 | 7.9083 | 7.9145 | 7.9208 |
| Woodie | 7.7994 | 7.8256 | 7.8678 | 7.8940 | 7.9362 | 7.9624 | 8.0046 |
| Fibonacci | 7.8229 | 7.8491 | 7.8652 | 7.8913 | 7.9175 | 7.9336 | 7.9597 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.6739 | 7.7567 | 7.8294 | 7.9122 | 7.9849 | 8.0677 | 8.1404 |
| Camarilla | 7.8592 | 7.8735 | 7.8878 | 7.9020 | 7.9163 | 7.9305 | 7.9448 |
| Woodie | 7.6688 | 7.7542 | 7.8243 | 7.9097 | 7.9798 | 8.0652 | 8.1353 |
| Fibonacci | 7.7567 | 7.8161 | 7.8528 | 7.9122 | 7.9716 | 8.0083 | 8.0677 |
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): | 60.56 | |
| MACD (12,26,9): | 0.0014 | |
| Directional Movement: | 14.5070 | |
| AROON (14): | 57.1429 | |
| DEMA (21): | 7.9389 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.9835 | |
| Elder Ray (13): | 0.0097 | |
| Super Trend (3,10): | 7.9187 | |
| Zig ZAG (10): | 7.9504 | |
| VORTEX (21): | 1.0185 | |
| Stochastique (14,3,5): | 61.88 | |
| TEMA (21): | 7.9375 | |
| Williams %R (14): | -18.58 | |
| Chande Momentum Oscillator (20): | 0.0248 | |
| Repulse (5,40,3): | 0.1504 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0002 | |
| Courbe Coppock: | 0.06 |
| MA7: | 7.9117 | |
| MA20: | 7.9179 | |
| MA50: | 7.9594 | |
| MA100: | 7.9514 | |
| MAexp7: | 7.9403 | |
| MAexp20: | 7.9373 | |
| MAexp50: | 7.9313 | |
| MAexp100: | 7.9212 | |
| Price / MA7: | +0.48% | |
| Price / MA20: | +0.41% | |
| Price / MA50: | -0.12% | |
| Price / MA100: | -0.02% | |
| Price / MAexp7: | +0.12% | |
| Price / MAexp20: | +0.16% | |
| Price / MAexp50: | +0.24% | |
| Price / MAexp100: | +0.36% |
Quotes :
-
Real time data
-
Forex
This member declared not having a position on this financial instrument or a related financial instrument.
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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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