DKK/CZK - 1H - Technical analysis published on 05/18/2021 (GMT)
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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:
Strongly bearish
Technical indicators
33%
28%
39%
My opinion
Bearish under 3.4295 CZK
My targets
3.4075 CZK (-0.0100)
3.3784 CZK (-0.0391)
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 3.4295 CZK. The next bearish objective for sellers is set at 3.4075 CZK. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 3.3784 CZK. If there is any crossing, the next objective would be the support located at 3.3246 CZK. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
5.2
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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 3.4175 CZK. The price registered an increase of +0.01% on the session with the lowest point at 3.4150 CZK and the highest point at 3.4239 CZK. The deviation from the price is +0.07% for the low point and -0.19% for the high point.3.4150
3.4239
3.4175
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 strongly bearish. 89.29% of the signals given by moving averages are bearish. This strongly bearish trend is showing signs of slowing down given the slightly bearish signals given by short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
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 | 3.2199 | 3.3246 | 3.4075 | 3.4175 | 3.4295 | 3.4452 | 3.4634 |
| Change (%) | -5.78% | -2.72% | -0.29% | - | +0.35% | +0.81% | +1.34% |
| Change | -0.1976 | -0.0929 | -0.0100 | - | +0.0120 | +0.0277 | +0.0459 |
| Level | Intermediate | Intermediate | Intermediate | - | Major | 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 | 3.3906 | 3.4024 | 3.4098 | 3.4216 | 3.4290 | 3.4408 | 3.4482 |
| Camarilla | 3.4119 | 3.4137 | 3.4154 | 3.4172 | 3.4190 | 3.4207 | 3.4225 |
| Woodie | 3.3884 | 3.4013 | 3.4076 | 3.4205 | 3.4268 | 3.4397 | 3.4460 |
| Fibonacci | 3.4024 | 3.4097 | 3.4143 | 3.4216 | 3.4289 | 3.4335 | 3.4408 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.3784 | 3.3997 | 3.4106 | 3.4319 | 3.4428 | 3.4641 | 3.4750 |
| Camarilla | 3.4127 | 3.4156 | 3.4186 | 3.4215 | 3.4245 | 3.4274 | 3.4304 |
| Woodie | 3.3732 | 3.3971 | 3.4054 | 3.4293 | 3.4376 | 3.4615 | 3.4698 |
| Fibonacci | 3.3997 | 3.4120 | 3.4196 | 3.4319 | 3.4442 | 3.4518 | 3.4641 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.4068 | 3.4360 | 3.4574 | 3.4866 | 3.5080 | 3.5372 | 3.5586 |
| Camarilla | 3.4648 | 3.4694 | 3.4741 | 3.4787 | 3.4833 | 3.4880 | 3.4926 |
| Woodie | 3.4028 | 3.4341 | 3.4534 | 3.4847 | 3.5040 | 3.5353 | 3.5546 |
| Fibonacci | 3.4360 | 3.4554 | 3.4673 | 3.4866 | 3.5060 | 3.5179 | 3.5372 |
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): | 45.80 | |
| MACD (12,26,9): | -0.0007 | |
| Directional Movement: | 5.9042 | |
| AROON (14): | 14.2858 | |
| DEMA (21): | 3.4177 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.4153 | |
| Elder Ray (13): | 0.0003 | |
| Super Trend (3,10): | 3.4250 | |
| Zig ZAG (10): | 3.4176 | |
| VORTEX (21): | 0.9923 | |
| Stochastique (14,3,5): | 44.57 | |
| TEMA (21): | 3.4184 | |
| Williams %R (14): | -74.16 | |
| Chande Momentum Oscillator (20): | 0.0007 | |
| Repulse (5,40,3): | -0.1646 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0052 | |
| Courbe Coppock: | 0.10 |
| MA7: | 3.4283 | |
| MA20: | 3.4574 | |
| MA50: | 3.4860 | |
| MA100: | 3.4944 | |
| MAexp7: | 3.4185 | |
| MAexp20: | 3.4189 | |
| MAexp50: | 3.4216 | |
| MAexp100: | 3.4267 | |
| Price / MA7: | -0.32% | |
| Price / MA20: | -1.15% | |
| Price / MA50: | -1.97% | |
| Price / MA100: | -2.20% | |
| Price / MAexp7: | -0.03% | |
| Price / MAexp20: | -0.04% | |
| Price / MAexp50: | -0.12% | |
| Price / MAexp100: | -0.27% |
Quotes :
-
Real time data
-
Forex
This member declared not having a position on this financial instrument or a related financial instrument.
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