DKK/CZK - 1H - Technical analysis published on 01/27/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
22%
33%
44%
My opinion
Bearish under 3.5030 CZK
My targets
3.4858 CZK (-0.0133)
3.4627 CZK (-0.0364)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on DKK/CZK as long as the price remains well below 3.5030 CZK. The sellers” bearish objective is set at 3.4858 CZK. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 3.4627 CZK. In case of crossing, the next objective would be the support located at 3.4075 CZK. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
6.4
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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 rating is 3.4991 CZK. The price is lower by -0.09% since the last closing and was between 3.4972 CZK and 3.5037 CZK. This implies that the price is at +0.05% from its lowest and at -0.13% from its highest.3.4972
3.5037
3.4991
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
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:
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 DKK/CZK in 1H shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 8 are neutral and 6 are bearish. The Central Indicators scanner found this result concerning these indicators:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 3.3246 | 3.4075 | 3.4627 | 3.4991 | 3.5030 | 3.5053 | 3.5113 |
| Change (%) | -4.99% | -2.62% | -1.04% | - | +0.11% | +0.18% | +0.35% |
| Change | -0.1745 | -0.0916 | -0.0364 | - | +0.0039 | +0.0062 | +0.0122 |
| Level | Intermediate | Intermediate | Minor | - | Major | 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 | 3.4701 | 3.4853 | 3.4937 | 3.5089 | 3.5173 | 3.5325 | 3.5409 |
| Camarilla | 3.4957 | 3.4979 | 3.5000 | 3.5022 | 3.5044 | 3.5065 | 3.5087 |
| Woodie | 3.4668 | 3.4836 | 3.4904 | 3.5072 | 3.5140 | 3.5308 | 3.5376 |
| Fibonacci | 3.4853 | 3.4943 | 3.4999 | 3.5089 | 3.5179 | 3.5235 | 3.5325 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.4858 | 3.4955 | 3.5043 | 3.5140 | 3.5228 | 3.5325 | 3.5413 |
| Camarilla | 3.5080 | 3.5097 | 3.5114 | 3.5131 | 3.5148 | 3.5165 | 3.5182 |
| Woodie | 3.4854 | 3.4953 | 3.5039 | 3.5138 | 3.5224 | 3.5323 | 3.5409 |
| Fibonacci | 3.4955 | 3.5026 | 3.5069 | 3.5140 | 3.5211 | 3.5254 | 3.5325 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.4357 | 3.4705 | 3.4975 | 3.5323 | 3.5593 | 3.5941 | 3.6211 |
| Camarilla | 3.5076 | 3.5133 | 3.5189 | 3.5246 | 3.5303 | 3.5359 | 3.5416 |
| Woodie | 3.4319 | 3.4686 | 3.4937 | 3.5304 | 3.5555 | 3.5922 | 3.6173 |
| Fibonacci | 3.4705 | 3.4941 | 3.5087 | 3.5323 | 3.5559 | 3.5705 | 3.5941 |
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): | 37.76 | |
| MACD (12,26,9): | -0.0022 | |
| Directional Movement: | -9.0244 | |
| AROON (14): | -78.5714 | |
| DEMA (21): | 3.5003 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.5040 | |
| Elder Ray (13): | -0.0007 | |
| Super Trend (3,10): | 3.5104 | |
| Zig ZAG (10): | 3.4989 | |
| VORTEX (21): | 0.9552 | |
| Stochastique (14,3,5): | 26.70 | |
| TEMA (21): | 3.4990 | |
| Williams %R (14): | -78.08 | |
| Chande Momentum Oscillator (20): | -0.0033 | |
| Repulse (5,40,3): | -0.1438 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0104 | |
| Courbe Coppock: | 0.14 |
| MA7: | 3.5091 | |
| MA20: | 3.5161 | |
| MA50: | 3.5262 | |
| MA100: | 3.5739 | |
| MAexp7: | 3.5015 | |
| MAexp20: | 3.5033 | |
| MAexp50: | 3.5062 | |
| MAexp100: | 3.5083 | |
| Price / MA7: | -0.28% | |
| Price / MA20: | -0.48% | |
| Price / MA50: | -0.77% | |
| Price / MA100: | -2.09% | |
| Price / MAexp7: | -0.07% | |
| Price / MAexp20: | -0.12% | |
| Price / MAexp50: | -0.20% | |
| Price / MAexp100: | -0.26% |
Quotes :
2021-01-27 08:30:10
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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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