DKK/CZK - Daily - Technical analysis published on 11/03/2021 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bullish
Technical indicators
28%
28%
44%
My opinion
Bullish above 3.4085 CZK
My targets
3.4538 CZK (+0.0186)
3.4764 CZK (+0.0412)
My analysis
All elements being rather bullish, it would be possible for traders to only trade long positions (at the time of purchase) on DKK/CZK as long as the price remains well above 3.4085 CZK. The buyers' bullish objective is set at 3.4538 CZK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 3.4764 CZK. If there is any crossing, the next objective would be the resistance located at 3.5030 CZK. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bullish, basic trend. If you have another key point closer to the current price, it would be better to only trade long positions (at the time of purchase) above that key point.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
2.9
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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 3.4352 CZK. On the day, this instrument lost -0.02% and was between 3.4307 CZK and 3.4436 CZK. This implies that the price is at +0.13% from its lowest and at -0.24% from its highest.3.4307
3.4436
3.4352
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of DKK/CZK indicates that the overall trend is bullish. The signals given by moving averages are 67.86% bullish. This bullish trend is slowing down slightly given the slightly bullish signals of short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : Daily
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : Daily
On the 18 technical indicators analysed, 5 are bullish, 8 are neutral and 5 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Horizontal support is broken
Type : Bearish
Timeframe : Daily
Support of channel is broken
Type : Bearish
Timeframe : Daily
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 | 3.2199 | 3.3246 | 3.4085 | 3.4352 | 3.4401 | 3.4538 | 3.4764 |
| Change (%) | -6.27% | -3.22% | -0.78% | - | +0.14% | +0.54% | +1.20% |
| Change | -0.2153 | -0.1106 | -0.0267 | - | +0.0049 | +0.0186 | +0.0412 |
| Level | Intermediate | Intermediate | Major | - | Intermediate | Minor | 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 | 3.4209 | 3.4266 | 3.4312 | 3.4369 | 3.4415 | 3.4472 | 3.4518 |
| Camarilla | 3.4330 | 3.4339 | 3.4349 | 3.4358 | 3.4367 | 3.4377 | 3.4386 |
| Woodie | 3.4204 | 3.4263 | 3.4307 | 3.4366 | 3.4410 | 3.4469 | 3.4513 |
| Fibonacci | 3.4266 | 3.4305 | 3.4330 | 3.4369 | 3.4408 | 3.4433 | 3.4472 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.4243 | 3.4355 | 3.4416 | 3.4528 | 3.4589 | 3.4701 | 3.4762 |
| Camarilla | 3.4429 | 3.4445 | 3.4461 | 3.4477 | 3.4493 | 3.4509 | 3.4525 |
| Woodie | 3.4218 | 3.4342 | 3.4391 | 3.4515 | 3.4564 | 3.4688 | 3.4737 |
| Fibonacci | 3.4355 | 3.4421 | 3.4462 | 3.4528 | 3.4594 | 3.4635 | 3.4701 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.3430 | 3.3704 | 3.4091 | 3.4365 | 3.4752 | 3.5026 | 3.5413 |
| Camarilla | 3.4295 | 3.4356 | 3.4416 | 3.4477 | 3.4538 | 3.4598 | 3.4659 |
| Woodie | 3.3486 | 3.3732 | 3.4147 | 3.4393 | 3.4808 | 3.5054 | 3.5469 |
| Fibonacci | 3.3704 | 3.3957 | 3.4113 | 3.4365 | 3.4618 | 3.4774 | 3.5026 |
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): | 50.36 | |
| MACD (12,26,9): | 0.0070 | |
| Directional Movement: | 2.9439 | |
| AROON (14): | 78.5714 | |
| DEMA (21): | 3.4452 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.4634 | |
| Elder Ray (13): | -0.0030 | |
| Super Trend (3,10): | 3.4193 | |
| Zig ZAG (10): | 3.4348 | |
| VORTEX (21): | 1.1050 | |
| Stochastique (14,3,5): | 51.87 | |
| TEMA (21): | 3.4498 | |
| Williams %R (14): | -51.43 | |
| Chande Momentum Oscillator (20): | 0.0115 | |
| Repulse (5,40,3): | -0.4575 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0328 | |
| Courbe Coppock: | 1.78 |
| MA7: | 3.4475 | |
| MA20: | 3.4336 | |
| MA50: | 3.4231 | |
| MA100: | 3.4287 | |
| MAexp7: | 3.4421 | |
| MAexp20: | 3.4362 | |
| MAexp50: | 3.4292 | |
| MAexp100: | 3.4330 | |
| Price / MA7: | -0.36% | |
| Price / MA20: | +0.05% | |
| Price / MA50: | +0.35% | |
| Price / MA100: | +0.19% | |
| Price / MAexp7: | -0.20% | |
| Price / MAexp20: | -0.03% | |
| Price / MAexp50: | +0.17% | |
| Price / MAexp100: | +0.06% |
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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