DKK/CZK - Daily - Technical analysis published on 07/20/2021 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Neutral
Technical indicators
44%
11%
44%
My opinion
Bullish above 3.4079 CZK
My targets
3.5030 CZK (+0.0536)
3.5520 CZK (+0.1026)
My analysis
The strong short-term increase of DKK/CZK should quickly allow the basic trend to become bullish. As long as the price remains above the support located at 3.4079 CZK, a purchase could be considered. The first bullish objective is located at 3.5030 CZK. The bullish momentum would be boosted by a break in this resistance. Buyers could then target the resistance located at 3.5520 CZK. If there is any crossing, the next objective would be the resistance at 3.5957 CZK. Caution, if there is a return under 3.4079 CZK, it should not be forgotten that the basic trend is not yet clear. Caution would then be required.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
2.5
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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 3.4494 CZK. The price is lower by -0.17% since the last closing with the lowest point at 3.4433 CZK and the highest point at 3.4557 CZK. The deviation from the price is +0.18% for the low point and -0.18% for the high point.3.4433
3.4557
3.4494
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
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 LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of DKK/CZK in Daily shows a neutral overall trend. The strong bullish signals currently being given by short-term moving averages could allow the overall trend to return to bullish. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish trend reversal : Moving Average 50
Type : Bullish
Timeframe : Daily
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : Daily
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : Daily
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : Daily
In fact, only 8 technical indicators out of 18 studied are currently positioned bullish. Other results related to technical indicators were also found by the Central Indicators scanner:
RSI indicator is back over 50
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near support of channel
Type : Bullish
Timeframe : Daily
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Bullish engulfing lines
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 3.2199 | 3.3246 | 3.4079 | 3.4494 | 3.4535 | 3.5030 | 3.5520 |
| Change (%) | -6.65% | -3.62% | -1.20% | - | +0.12% | +1.55% | +2.97% |
| Change | -0.2295 | -0.1248 | -0.0415 | - | +0.0041 | +0.0536 | +0.1026 |
| Level | Intermediate | Intermediate | Major | - | Major | Major | Major |
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 | 3.4093 | 3.4198 | 3.4375 | 3.4480 | 3.4657 | 3.4762 | 3.4939 |
| Camarilla | 3.4476 | 3.4501 | 3.4527 | 3.4553 | 3.4579 | 3.4605 | 3.4631 |
| Woodie | 3.4130 | 3.4216 | 3.4412 | 3.4498 | 3.4694 | 3.4780 | 3.4976 |
| Fibonacci | 3.4198 | 3.4305 | 3.4372 | 3.4480 | 3.4587 | 3.4654 | 3.4762 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.3768 | 3.4023 | 3.4173 | 3.4428 | 3.4578 | 3.4833 | 3.4983 |
| Camarilla | 3.4213 | 3.4250 | 3.4287 | 3.4324 | 3.4361 | 3.4398 | 3.4435 |
| Woodie | 3.3717 | 3.3997 | 3.4122 | 3.4402 | 3.4527 | 3.4807 | 3.4932 |
| Fibonacci | 3.4023 | 3.4177 | 3.4273 | 3.4428 | 3.4582 | 3.4678 | 3.4833 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.3586 | 3.3785 | 3.4039 | 3.4238 | 3.4492 | 3.4691 | 3.4945 |
| Camarilla | 3.4169 | 3.4211 | 3.4253 | 3.4294 | 3.4336 | 3.4377 | 3.4419 |
| Woodie | 3.3615 | 3.3799 | 3.4068 | 3.4252 | 3.4521 | 3.4705 | 3.4974 |
| Fibonacci | 3.3785 | 3.3958 | 3.4065 | 3.4238 | 3.4411 | 3.4518 | 3.4691 |
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): | 54.41 | |
| MACD (12,26,9): | 0.0045 | |
| Directional Movement: | 7.7358 | |
| AROON (14): | 42.8571 | |
| DEMA (21): | 3.4484 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.4818 | |
| Elder Ray (13): | 0.0042 | |
| Super Trend (3,10): | 3.4272 | |
| Zig ZAG (10): | 3.4495 | |
| VORTEX (21): | 1.0459 | |
| Stochastique (14,3,5): | 37.65 | |
| TEMA (21): | 3.4529 | |
| Williams %R (14): | -59.97 | |
| Chande Momentum Oscillator (20): | 0.0096 | |
| Repulse (5,40,3): | 0.2395 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0225 | |
| Courbe Coppock: | 1.10 |
| MA7: | 3.4446 | |
| MA20: | 3.4410 | |
| MA50: | 3.4304 | |
| MA100: | 3.4636 | |
| MAexp7: | 3.4469 | |
| MAexp20: | 3.4428 | |
| MAexp50: | 3.4429 | |
| MAexp100: | 3.4585 | |
| Price / MA7: | +0.14% | |
| Price / MA20: | +0.24% | |
| Price / MA50: | +0.55% | |
| Price / MA100: | -0.41% | |
| Price / MAexp7: | +0.07% | |
| Price / MAexp20: | +0.19% | |
| Price / MAexp50: | +0.19% | |
| Price / MAexp100: | -0.26% |
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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