DKK/CZK - 1H - Technical analysis published on 12/10/2020 (GMT)
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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
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Bearish
De fond:
Bearish
Technical indicators
50%
0%
50%
My opinion
Bearish under 3.5405 CZK
My targets
3.5201 CZK (-0.0125)
3.5143 CZK (-0.0183)
My analysis
There is a bearish trend on DKK/CZK both at the basic level and in the short term. A sale could be considered, so long as the price remains below 3.5405 CZK. Each support break is a strong signal that the current trend will continue. The first bearish objective would be 3.5201 CZK. Then the price could move towards 3.5143 CZK. Then 3.5053 CZK by extension. Be careful, a return to above the resistance 3.5405 CZK would be a sign of a weakening of the trend and a possible rebound phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend is perhaps 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
2.3
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The DKK/CZK price is 3.5326 CZK. On the day, this instrument lost -0.01% with the lowest point at 3.5283 CZK and the highest point at 3.5397 CZK. The deviation from the price is +0.12% for the low point and -0.20% for the high point.3.5283
3.5397
3.5326
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of DKK/CZK in 1H shows an overall bearish trend. The signals given by moving averages are at 78.57% bearish. This bearish trend shows slight signs of slowing down given the slightly bearish signals of short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : 1 hour
In fact, only 9 technical indicators out of 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : 1 hour
Momentum indicator is back over 0
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 several results that can have an impact on the price change:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
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 | 3.5143 | 3.5201 | 3.5311 | 3.5326 | 3.5405 | 3.5474 | 3.5544 |
| Change (%) | -0.52% | -0.35% | -0.04% | - | +0.22% | +0.42% | +0.62% |
| Change | -0.0183 | -0.0125 | -0.0015 | - | +0.0079 | +0.0148 | +0.0218 |
| Level | Major | Minor | Major | - | Minor | Minor | Minor |
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 | 3.4918 | 3.5031 | 3.5180 | 3.5293 | 3.5442 | 3.5555 | 3.5704 |
| Camarilla | 3.5258 | 3.5282 | 3.5306 | 3.5330 | 3.5354 | 3.5378 | 3.5402 |
| Woodie | 3.4937 | 3.5040 | 3.5199 | 3.5302 | 3.5461 | 3.5564 | 3.5723 |
| Fibonacci | 3.5031 | 3.5131 | 3.5193 | 3.5293 | 3.5393 | 3.5455 | 3.5555 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.4690 | 3.4906 | 3.5239 | 3.5455 | 3.5788 | 3.6004 | 3.6337 |
| Camarilla | 3.5422 | 3.5472 | 3.5523 | 3.5573 | 3.5623 | 3.5674 | 3.5724 |
| Woodie | 3.4750 | 3.4935 | 3.5299 | 3.5484 | 3.5848 | 3.6033 | 3.6397 |
| Fibonacci | 3.4906 | 3.5115 | 3.5245 | 3.5455 | 3.5664 | 3.5794 | 3.6004 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.3109 | 3.4095 | 3.4697 | 3.5683 | 3.6285 | 3.7271 | 3.7873 |
| Camarilla | 3.4863 | 3.5009 | 3.5154 | 3.5300 | 3.5446 | 3.5591 | 3.5737 |
| Woodie | 3.2918 | 3.3999 | 3.4506 | 3.5587 | 3.6094 | 3.7175 | 3.7682 |
| Fibonacci | 3.4095 | 3.4701 | 3.5076 | 3.5683 | 3.6289 | 3.6664 | 3.7271 |
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): | 56.55 | |
| MACD (12,26,9): | -0.0002 | |
| Directional Movement: | 0.7139 | |
| AROON (14): | 35.7142 | |
| DEMA (21): | 3.5330 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.5303 | |
| Elder Ray (13): | 0.0036 | |
| Super Trend (3,10): | 3.5391 | |
| Zig ZAG (10): | 3.5356 | |
| VORTEX (21): | 1.2208 | |
| Stochastique (14,3,5): | 68.81 | |
| TEMA (21): | 3.5350 | |
| Williams %R (14): | -40.35 | |
| Chande Momentum Oscillator (20): | 0.0006 | |
| Repulse (5,40,3): | 0.0302 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0052 | |
| Courbe Coppock: | 0.09 |
| MA7: | 3.5458 | |
| MA20: | 3.5371 | |
| MA50: | 3.5956 | |
| MA100: | 3.5740 | |
| MAexp7: | 3.5339 | |
| MAexp20: | 3.5337 | |
| MAexp50: | 3.5379 | |
| MAexp100: | 3.5415 | |
| Price / MA7: | -0.37% | |
| Price / MA20: | -0.13% | |
| Price / MA50: | -1.75% | |
| Price / MA100: | -1.16% | |
| Price / MAexp7: | -0.04% | |
| Price / MAexp20: | -0.03% | |
| Price / MAexp50: | -0.15% | |
| Price / MAexp100: | -0.25% |
Quotes :
2020-12-10 08:32:40
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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.
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