DKK/CZK - 1H - Technical analysis published on 10/19/2021 (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:
Neutral
Underlying:
Bullish
Technical indicators
22%
56%
22%
My opinion
Bullish above 3.4148 CZK
My targets
3.4250 CZK (+0.0059)
3.4537 CZK (+0.0346)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on DKK/CZK. As long as you are above the support located at 3.4148 CZK, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 3.4250 CZK would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 3.4537 CZK as an objective. Crossing it would then enable buyers to target 3.4764 CZK. If the support 3.4148 CZK were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
1.4
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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 price is 3.4191 CZK. The price is lower by -0.14% since the last closing and was between 3.4180 CZK and 3.4250 CZK. This implies that the price is at +0.03% from its lowest and at -0.17% from its highest.3.4180
3.4250
3.4191
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
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 1H shows an overall bullish trend. 71.43% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
On the 18 technical indicators analysed, 4 are bullish, 4 are neutral and 10 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 3.4055 | 3.4105 | 3.4148 | 3.4191 | 3.4198 | 3.4250 | 3.4537 |
Change (%) | -0.40% | -0.25% | -0.13% | - | +0.02% | +0.17% | +1.01% |
Change | -0.0136 | -0.0086 | -0.0043 | - | +0.0007 | +0.0059 | +0.0346 |
Level | Major | Minor | Major | - | Minor | Intermediate | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 3.3966 | 3.4026 | 3.4132 | 3.4192 | 3.4298 | 3.4358 | 3.4464 |
Camarilla | 3.4192 | 3.4208 | 3.4223 | 3.4238 | 3.4253 | 3.4268 | 3.4284 |
Woodie | 3.3989 | 3.4038 | 3.4155 | 3.4204 | 3.4321 | 3.4370 | 3.4487 |
Fibonacci | 3.4026 | 3.4089 | 3.4129 | 3.4192 | 3.4255 | 3.4295 | 3.4358 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 3.3843 | 3.3948 | 3.4027 | 3.4132 | 3.4211 | 3.4316 | 3.4395 |
Camarilla | 3.4054 | 3.4071 | 3.4088 | 3.4105 | 3.4122 | 3.4139 | 3.4156 |
Woodie | 3.3829 | 3.3942 | 3.4013 | 3.4126 | 3.4197 | 3.4310 | 3.4381 |
Fibonacci | 3.3948 | 3.4019 | 3.4062 | 3.4132 | 3.4203 | 3.4246 | 3.4316 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 3.3420 | 3.3674 | 3.3872 | 3.4126 | 3.4324 | 3.4578 | 3.4776 |
Camarilla | 3.3945 | 3.3986 | 3.4028 | 3.4069 | 3.4110 | 3.4152 | 3.4193 |
Woodie | 3.3391 | 3.3660 | 3.3843 | 3.4112 | 3.4295 | 3.4564 | 3.4747 |
Fibonacci | 3.3674 | 3.3847 | 3.3954 | 3.4126 | 3.4299 | 3.4406 | 3.4578 |
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): | 41.76 | |
MACD (12,26,9): | 0.0015 | |
Directional Movement: | -9.8228 | |
AROON (14): | -71.4286 | |
DEMA (21): | 3.4243 | |
Parabolic SAR (0,02-0,02-0,2): | 3.4250 | |
Elder Ray (13): | -0.0014 | |
Super Trend (3,10): | 3.4275 | |
Zig ZAG (10): | 3.4190 | |
VORTEX (21): | 1.0323 | |
Stochastique (14,3,5): | 38.43 | |
TEMA (21): | 3.4239 | |
Williams %R (14): | -88.89 | |
Chande Momentum Oscillator (20): | -0.0050 | |
Repulse (5,40,3): | -0.1990 | |
ROCnROLL: | -1 | |
TRIX (15,9): | 0.0104 | |
Courbe Coppock: | 0.02 |
MA7: | 3.4151 | |
MA20: | 3.4152 | |
MA50: | 3.4181 | |
MA100: | 3.4255 | |
MAexp7: | 3.4224 | |
MAexp20: | 3.4219 | |
MAexp50: | 3.4186 | |
MAexp100: | 3.4163 | |
Price / MA7: | +0.12% | |
Price / MA20: | +0.11% | |
Price / MA50: | +0.03% | |
Price / MA100: | -0.19% | |
Price / MAexp7: | -0.10% | |
Price / MAexp20: | -0.08% | |
Price / MAexp50: | +0.01% | |
Price / MAexp100: | +0.08% |
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.
About author
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