DKK/CZK - 1H - Technical analysis published on 09/08/2021 (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
Short term:
Bullish
Underlying:
Slightly bullish
Technical indicators
72%
0%
28%
My opinion
Bullish above 3.4085 CZK
My targets
3.4196 CZK (+0.0039)
3.4243 CZK (+0.0086)
My analysis
The bullish trend is truly tentative and does not seem to be supported in the short term. It is advisable to trade DKK/CZK with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 3.4085 CZK. The buyers' bullish objective is set at 3.4196 CZK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 3.4243 CZK. If there is any crossing, the next objective would be the resistance located at 3.4278 CZK. If there is a bearish break in the support located at 3.4085 CZK some indecision would arise.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
5.5
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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
The DKK/CZK rating is 3.4157 CZK. The price registered an increase of +0.02% on the session and was traded between 3.4095 CZK and 3.4167 CZK over the period. The price is currently at +0.18% from its lowest and -0.03% from its highest.3.4095
3.4167
3.4157
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 LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of DKK/CZK in 1H shows an overall slightly bullish trend. 60.71% of the signals given by moving averages are bullish. The slightly bullish signals given by short-term moving averages do not show a strengthening of this global trend. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish trend reversal : adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 100
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
In fact, 13 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
MACD indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Resistance of triangle is broken
Type : Bullish
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 | 3.4042 | 3.4085 | 3.4141 | 3.4157 | 3.4196 | 3.4243 | 3.4278 |
| Change (%) | -0.34% | -0.21% | -0.05% | - | +0.11% | +0.25% | +0.35% |
| Change | -0.0115 | -0.0072 | -0.0016 | - | +0.0039 | +0.0086 | +0.0121 |
| Level | Minor | Major | Minor | - | Major | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.3966 | 3.4025 | 3.4087 | 3.4146 | 3.4208 | 3.4267 | 3.4329 |
| Camarilla | 3.4116 | 3.4127 | 3.4138 | 3.4149 | 3.4160 | 3.4171 | 3.4182 |
| Woodie | 3.3968 | 3.4026 | 3.4089 | 3.4147 | 3.4210 | 3.4268 | 3.4331 |
| Fibonacci | 3.4025 | 3.4071 | 3.4100 | 3.4146 | 3.4192 | 3.4221 | 3.4267 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.3577 | 3.3809 | 3.3953 | 3.4185 | 3.4329 | 3.4561 | 3.4705 |
| Camarilla | 3.3993 | 3.4027 | 3.4062 | 3.4096 | 3.4131 | 3.4165 | 3.4199 |
| Woodie | 3.3532 | 3.3787 | 3.3908 | 3.4163 | 3.4284 | 3.4539 | 3.4660 |
| Fibonacci | 3.3809 | 3.3953 | 3.4042 | 3.4185 | 3.4329 | 3.4418 | 3.4561 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.3469 | 3.3733 | 3.3952 | 3.4216 | 3.4435 | 3.4699 | 3.4918 |
| Camarilla | 3.4038 | 3.4083 | 3.4127 | 3.4171 | 3.4215 | 3.4260 | 3.4304 |
| Woodie | 3.3447 | 3.3722 | 3.3930 | 3.4205 | 3.4413 | 3.4688 | 3.4896 |
| Fibonacci | 3.3733 | 3.3918 | 3.4032 | 3.4216 | 3.4401 | 3.4515 | 3.4699 |
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): | 52.64 | |
| MACD (12,26,9): | 0.0001 | |
| Directional Movement: | -8.1849 | |
| AROON (14): | 14.2858 | |
| DEMA (21): | 3.4148 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.4189 | |
| Elder Ray (13): | 0.0006 | |
| Super Trend (3,10): | 3.4196 | |
| Zig ZAG (10): | 3.4162 | |
| VORTEX (21): | 1.0398 | |
| Stochastique (14,3,5): | 82.87 | |
| TEMA (21): | 3.4151 | |
| Williams %R (14): | -12.50 | |
| Chande Momentum Oscillator (20): | 0.0010 | |
| Repulse (5,40,3): | 0.0530 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0003 | |
| Courbe Coppock: | 0.02 |
| MA7: | 3.4140 | |
| MA20: | 3.4237 | |
| MA50: | 3.4328 | |
| MA100: | 3.4342 | |
| MAexp7: | 3.4149 | |
| MAexp20: | 3.4148 | |
| MAexp50: | 3.4148 | |
| MAexp100: | 3.4157 | |
| Price / MA7: | +0.05% | |
| Price / MA20: | -0.23% | |
| Price / MA50: | -0.50% | |
| Price / MA100: | -0.54% | |
| Price / MAexp7: | +0.02% | |
| Price / MAexp20: | +0.03% | |
| Price / MAexp50: | +0.03% | |
| Price / MAexp100: | -0% |
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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