Londinia Opportunities Analyses - 11/22/2024 (GMT) CAD/DKK - Daily

- DKK (-)

- Real time data - Forex

Type:	Forex
Ticker:	CADDKK
ISIN:

Londinia

Oops, I was wrong about that analysis. My threshold for invalidation has been broken.

FX/Indices
Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

94%

My opinion

Bullish above 5.0901 DKK

My targets

5.2093 DKK (+0.0882)

5.5475 DKK (+0.4264)

My analysis

The bullish trend is currently very strong on CAD/DKK. As long as the price remains above the support at 5.0901 DKK, you could try to benefit from the boom. The first bullish objective is located at 5.2093 DKK. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 5.5475 DKK as an objective. Crossing it would then enable buyers to target 5.7654 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

9.1

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Additional analysis

Quotes

The CAD/DKK price is 5.1211 DKK. On the day, this instrument gained +0.52% and was between 5.0886 DKK and 5.1480 DKK. This implies that the price is at +0.64% from its lowest and at -0.52% from its highest.

5.0886

5.1480

5.1211

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The study of the highest / lowest by the Central Records scanner shows the following results:

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in Journalier of this CAD/DKK chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:

Bullish trend reversal : Moving Average 100

Type : Bullish

Timeframe : Daily

Moving Average bullish crossovers : AMA20 & AMA50

Type : Bullish

Timeframe : Daily

Moving Average bullish crossovers : AMA50 & AMA100

Type : Bullish

Timeframe : Daily

The probability of a further increase is high given the direction of the technical indicators.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly

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:

Horizontal resistance is broken

Type : Bullish

Timeframe : Daily

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	5.0594	5.0901	5.1175	5.1211	5.2093	5.5475	5.7654
Change (%)	-1.20%	-0.61%	-0.07%	-	+1.72%	+8.33%	+12.58%
Change	-0.0617	-0.0310	-0.0036	-	+0.0882	+0.4264	+0.6443
Level	Minor	Major	Minor	-	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	5.0222	5.0408	5.0676	5.0862	5.1130	5.1316	5.1584
Camarilla	5.0819	5.0861	5.0902	5.0944	5.0986	5.1027	5.1069
Woodie	5.0263	5.0429	5.0717	5.0883	5.1171	5.1337	5.1625
Fibonacci	5.0408	5.0581	5.0689	5.0862	5.1035	5.1143	5.1316

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	4.9141	4.9547	4.9883	5.0289	5.0625	5.1031	5.1367
Camarilla	5.0014	5.0082	5.0150	5.0218	5.0286	5.0354	5.0422
Woodie	4.9105	4.9530	4.9847	5.0272	5.0589	5.1014	5.1331
Fibonacci	4.9547	4.9831	5.0006	5.0289	5.0573	5.0748	5.1031

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	4.7873	4.8522	4.8852	4.9501	4.9831	5.0480	5.0810
Camarilla	4.8912	4.9002	4.9091	4.9181	4.9271	4.9361	4.9450
Woodie	4.7713	4.8442	4.8692	4.9421	4.9671	5.0400	5.0650
Fibonacci	4.8522	4.8896	4.9127	4.9501	4.9875	5.0106	5.0480

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):	75.78
MACD (12,26,9):	0.0303
Directional Movement:	34.4192
AROON (14):	100.0000
DEMA (21):	5.0581
Parabolic SAR (0,02-0,02-0,2):	5.0080
Elder Ray (13):	0.0768
Super Trend (3,10):	5.0164
Zig ZAG (10):	5.1211
VORTEX (21):	1.1714
Stochastique (14,3,5):	92.80
TEMA (21):	5.0813
Williams %R (14):	-12.34
Chande Momentum Oscillator (20):	0.1383
Repulse (5,40,3):	1.2244
ROCnROLL:	1
TRIX (15,9):	0.0502
Courbe Coppock:	4.59

MA7:	5.0569
MA20:	5.0025
MA50:	4.9824
MA100:	4.9796
MAexp7:	5.0669
MAexp20:	5.0242
MAexp50:	4.9974
MAexp100:	4.9973
Price / MA7:	+1.27%
Price / MA20:	+2.37%
Price / MA50:	+2.78%
Price / MA100:	+2.84%
Price / MAexp7:	+1.07%
Price / MAexp20:	+1.93%
Price / MAexp50:	+2.48%
Price / MAexp100:	+2.48%

Quotes : - Real time data - Forex