DKK/CZK - 1H - Technical analysis published on 04/02/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Bearish
De fond:
Bearish
Technical indicators
17%
50%
33%
My opinion
Bearish under 3.5170 CZK
My targets
3.5030 CZK (-0.0049)
3.4836 CZK (-0.0243)
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 3.5170 CZK. Each support break is a strong signal that the current trend will continue. The first bearish objective would be 3.5030 CZK. Then the price could move towards 3.4836 CZK. Then 3.4627 CZK by extension. Be careful, a return to above the resistance 3.5170 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, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
5.4
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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 3.5079 CZK. The price is lower by -0.07% since the last closing and was between 3.5069 CZK and 3.5127 CZK. This implies that the price is at +0.03% from its lowest and at -0.14% from its highest.3.5069
3.5127
3.5079
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of DKK/CZK in 1H shows an overall bearish trend. 78.57% of the signals given by moving averages are bearish. The overall trend seems to be showing some signs of weakness, as do the tentative bearish signals from short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
Technical indicators are slightly bearish. There is therefore considerable uncertainty about the continuation of the decline.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
CCI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
MACD indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
MACD indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
RSI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
RSI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is under support 3
Type : Neutral
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:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 3.4627 | 3.4836 | 3.5030 | 3.5079 | 3.5108 | 3.5170 | 3.5353 |
| Change (%) | -1.29% | -0.69% | -0.14% | - | +0.08% | +0.26% | +0.78% |
| Change | -0.0452 | -0.0243 | -0.0049 | - | +0.0029 | +0.0091 | +0.0274 |
| Level | Intermediate | Minor | Major | - | Intermediate | Intermediate | 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 | 3.4906 | 3.4968 | 3.5036 | 3.5098 | 3.5166 | 3.5228 | 3.5296 |
| Camarilla | 3.5069 | 3.5081 | 3.5093 | 3.5105 | 3.5117 | 3.5129 | 3.5141 |
| Woodie | 3.4910 | 3.4970 | 3.5040 | 3.5100 | 3.5170 | 3.5230 | 3.5300 |
| Fibonacci | 3.4968 | 3.5017 | 3.5048 | 3.5098 | 3.5147 | 3.5178 | 3.5228 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.4381 | 3.4665 | 3.4860 | 3.5144 | 3.5339 | 3.5623 | 3.5818 |
| Camarilla | 3.4924 | 3.4968 | 3.5012 | 3.5056 | 3.5100 | 3.5144 | 3.5188 |
| Woodie | 3.4338 | 3.4643 | 3.4817 | 3.5122 | 3.5296 | 3.5601 | 3.5775 |
| Fibonacci | 3.4665 | 3.4848 | 3.4961 | 3.5144 | 3.5327 | 3.5440 | 3.5623 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.4162 | 3.4530 | 3.4818 | 3.5186 | 3.5474 | 3.5842 | 3.6130 |
| Camarilla | 3.4926 | 3.4986 | 3.5046 | 3.5106 | 3.5166 | 3.5226 | 3.5286 |
| Woodie | 3.4122 | 3.4510 | 3.4778 | 3.5166 | 3.5434 | 3.5822 | 3.6090 |
| Fibonacci | 3.4530 | 3.4781 | 3.4935 | 3.5186 | 3.5437 | 3.5591 | 3.5842 |
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): | 44.51 | |
| MACD (12,26,9): | -0.0004 | |
| Directional Movement: | 3.9729 | |
| AROON (14): | 14.2857 | |
| DEMA (21): | 3.5083 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.5051 | |
| Elder Ray (13): | -0.0009 | |
| Super Trend (3,10): | 3.5155 | |
| Zig ZAG (10): | 3.5079 | |
| VORTEX (21): | 1.0544 | |
| Stochastique (14,3,5): | 20.49 | |
| TEMA (21): | 3.5086 | |
| Williams %R (14): | -85.42 | |
| Chande Momentum Oscillator (20): | -0.0002 | |
| Repulse (5,40,3): | -0.0300 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0017 | |
| Courbe Coppock: | 0.04 |
| MA7: | 3.5113 | |
| MA20: | 3.5177 | |
| MA50: | 3.5019 | |
| MA100: | 3.5154 | |
| MAexp7: | 3.5086 | |
| MAexp20: | 3.5088 | |
| MAexp50: | 3.5099 | |
| MAexp100: | 3.5114 | |
| Price / MA7: | -0.10% | |
| Price / MA20: | -0.28% | |
| Price / MA50: | +0.17% | |
| Price / MA100: | -0.21% | |
| Price / MAexp7: | -0.02% | |
| Price / MAexp20: | -0.03% | |
| Price / MAexp50: | -0.06% | |
| Price / MAexp100: | -0.10% |
Quotes :
2021-04-02 07:52:29
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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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