DKK/CZK - 1H - Technical analysis published on 04/30/2021 (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
Short term:
Bearish
Underlying:
Bearish
Technical indicators
50%
0%
50%
My opinion
Bearish under 3.4855 CZK
My targets
3.4724 CZK (-0.0046)
3.4678 CZK (-0.0092)
My analysis
All elements being rather 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 3.4855 CZK. The next bearish objective for sellers is set at 3.4724 CZK. A bearish break of this support would revive the bearish momentum. Sellers could then target the next support located at 3.4678 CZK. If there is any crossing, the next objective would be the support located at 3.4627 CZK. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bearish, basic trend. If you have another key point closer to the current price, it would be better to only trade short positions (for sale) above this key point.
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
1.6
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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
DKK/CZK rating 3.4770 CZK. The price registered an increase of +0.00% on the session and was traded between 3.4757 CZK and 3.4834 CZK over the period. The price is currently at +0.04% from its lowest and -0.18% from its highest.3.4757
3.4834
3.4770
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by DKK/CZK:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of DKK/CZK indicates that the overall trend is bearish. 71.43% of the signals given by moving averages are bearish. This bearish trend is slowing down slightly given the slightly bearish signals given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators shows a slightly bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Bullish engulfing lines
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 3.4678 | 3.4724 | 3.4757 | 3.4770 | 3.4801 | 3.4855 | 3.4894 |
| Change (%) | -0.26% | -0.13% | -0.04% | - | +0.09% | +0.24% | +0.36% |
| Change | -0.0092 | -0.0046 | -0.0013 | - | +0.0031 | +0.0085 | +0.0124 |
| Level | Minor | Minor | Intermediate | - | Intermediate | 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 | 3.4558 | 3.4635 | 3.4702 | 3.4779 | 3.4846 | 3.4923 | 3.4990 |
| Camarilla | 3.4730 | 3.4744 | 3.4757 | 3.4770 | 3.4783 | 3.4796 | 3.4810 |
| Woodie | 3.4554 | 3.4633 | 3.4698 | 3.4777 | 3.4842 | 3.4921 | 3.4986 |
| Fibonacci | 3.4635 | 3.4690 | 3.4724 | 3.4779 | 3.4834 | 3.4868 | 3.4923 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.4429 | 3.4570 | 3.4648 | 3.4789 | 3.4867 | 3.5008 | 3.5086 |
| Camarilla | 3.4666 | 3.4686 | 3.4706 | 3.4726 | 3.4746 | 3.4766 | 3.4786 |
| Woodie | 3.4398 | 3.4554 | 3.4617 | 3.4773 | 3.4836 | 3.4992 | 3.5055 |
| Fibonacci | 3.4570 | 3.4654 | 3.4705 | 3.4789 | 3.4873 | 3.4924 | 3.5008 |
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 the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 50.17 | |
| MACD (12,26,9): | -0.0004 | |
| Directional Movement: | 0.1093 | |
| AROON (14): | 64.2857 | |
| DEMA (21): | 3.4783 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.4773 | |
| Elder Ray (13): | 0.0012 | |
| Super Trend (3,10): | 3.4880 | |
| Zig ZAG (10): | 3.4801 | |
| VORTEX (21): | 1.0326 | |
| Stochastique (14,3,5): | 61.05 | |
| TEMA (21): | 3.4790 | |
| Williams %R (14): | -46.91 | |
| Chande Momentum Oscillator (20): | 0.0012 | |
| Repulse (5,40,3): | -0.0534 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0038 | |
| Courbe Coppock: | 0.05 |
| MA7: | 3.4790 | |
| MA20: | 3.4851 | |
| MA50: | 3.5040 | |
| MA100: | 3.5048 | |
| MAexp7: | 3.4793 | |
| MAexp20: | 3.4790 | |
| MAexp50: | 3.4803 | |
| MAexp100: | 3.4808 | |
| Price / MA7: | -0.06% | |
| Price / MA20: | -0.23% | |
| Price / MA50: | -0.77% | |
| Price / MA100: | -0.79% | |
| Price / MAexp7: | -0.09% | |
| Price / MAexp20: | -0.09% | |
| Price / MAexp50: | -0.12% | |
| Price / MAexp100: | -0.14% |
Quotes :
-
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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