DKK/CZK - 1H - Technical analysis published on 12/06/2021 (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:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
33%
33%
33%
My opinion
Bearish under 3.4231 CZK
My targets
3.4133 CZK (-0.0053)
3.4081 CZK (-0.0105)
My analysis
DKK/CZK is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 3.4231 CZK. The next support located at 3.4133 CZK is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 3.4081 CZK. Below this support, sellers could then target 3.3906 CZK. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
5.4
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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
DKK/CZK rating 3.4186 CZK. The price registered a decrease of -0.16% on the session with the lowest point at 3.4094 CZK and the highest point at 3.4223 CZK. The deviation from the price is +0.27% for the low point and -0.11% for the high point.3.4094
3.4223
3.4186
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
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 DKK/CZK in 1H shows a overall strongly bearish trend. The signals given by moving averages are 85.71% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, of the 18 technical indicators analysed by Central Analyzer, 6 are bullish, 6 are neutral and 6 are bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
Ichimoku : price is under the cloud
Type : Bearish
Timeframe : 1 hour
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near resistance of channel
Type : Bearish
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 | 3.3906 | 3.4081 | 3.4133 | 3.4186 | 3.4231 | 3.4315 | 3.4511 |
| Change (%) | -0.82% | -0.31% | -0.16% | - | +0.13% | +0.38% | +0.95% |
| Change | -0.0280 | -0.0105 | -0.0053 | - | +0.0045 | +0.0129 | +0.0325 |
| Level | Minor | Major | Minor | - | Intermediate | Major | 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 | 3.3987 | 3.4053 | 3.4147 | 3.4213 | 3.4307 | 3.4373 | 3.4467 |
| Camarilla | 3.4196 | 3.4211 | 3.4225 | 3.4240 | 3.4255 | 3.4269 | 3.4284 |
| Woodie | 3.4000 | 3.4060 | 3.4160 | 3.4220 | 3.4320 | 3.4380 | 3.4480 |
| Fibonacci | 3.4053 | 3.4115 | 3.4152 | 3.4213 | 3.4275 | 3.4312 | 3.4373 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.3566 | 3.3835 | 3.4038 | 3.4307 | 3.4510 | 3.4779 | 3.4982 |
| Camarilla | 3.4110 | 3.4154 | 3.4197 | 3.4240 | 3.4283 | 3.4327 | 3.4370 |
| Woodie | 3.3532 | 3.3819 | 3.4004 | 3.4291 | 3.4476 | 3.4763 | 3.4948 |
| Fibonacci | 3.3835 | 3.4016 | 3.4127 | 3.4307 | 3.4488 | 3.4599 | 3.4779 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.3025 | 3.3428 | 3.3881 | 3.4284 | 3.4737 | 3.5140 | 3.5593 |
| Camarilla | 3.4098 | 3.4176 | 3.4255 | 3.4333 | 3.4412 | 3.4490 | 3.4568 |
| Woodie | 3.3049 | 3.3441 | 3.3905 | 3.4297 | 3.4761 | 3.5153 | 3.5617 |
| Fibonacci | 3.3428 | 3.3755 | 3.3957 | 3.4284 | 3.4611 | 3.4813 | 3.5140 |
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): | 47.51 | |
| MACD (12,26,9): | -0.0007 | |
| Directional Movement: | -12.9181 | |
| AROON (14): | -50.0000 | |
| DEMA (21): | 3.4183 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.4099 | |
| Elder Ray (13): | 0.0001 | |
| Super Trend (3,10): | 3.4272 | |
| Zig ZAG (10): | 3.4182 | |
| VORTEX (21): | 0.9288 | |
| Stochastique (14,3,5): | 66.93 | |
| TEMA (21): | 3.4181 | |
| Williams %R (14): | -34.88 | |
| Chande Momentum Oscillator (20): | -0.0038 | |
| Repulse (5,40,3): | -0.0193 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0020 | |
| Courbe Coppock: | 0.13 |
| MA7: | 3.4318 | |
| MA20: | 3.4157 | |
| MA50: | 3.4217 | |
| MA100: | 3.4227 | |
| MAexp7: | 3.4184 | |
| MAexp20: | 3.4191 | |
| MAexp50: | 3.4207 | |
| MAexp100: | 3.4242 | |
| Price / MA7: | -0.38% | |
| Price / MA20: | +0.08% | |
| Price / MA50: | -0.09% | |
| Price / MA100: | -0.12% | |
| Price / MAexp7: | +0.01% | |
| Price / MAexp20: | -0.01% | |
| Price / MAexp50: | -0.06% | |
| Price / MAexp100: | -0.16% |
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.
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