DKK/CZK - 1H - Technical analysis published on 12/27/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Neutral
Technical indicators
83%
0%
17%
My opinion
Bullish above 3.3712 CZK
My targets
3.3898 CZK (+0.0114)
3.4018 CZK (+0.0234)
My analysis
The current short-term bullish acceleration on DKK/CZK should quickly allow the basic trend to return to bullish. To avoid contradicting the short term, traders may prefer long positions (at the time of purchase) as long as the price remains well above 3.3712 CZK. Short-term buyers will use the resistance located at 3.3898 CZK as an objective. A bullish break in this resistance would boost the bullish momentum. The next bullish objective would then be set at 3.4018 CZK. Crossing this resistance would then open the door for buyers to target 3.4081 CZK. Caution, if there is a return to under 3.3712 CZK, it should not be forgotten that the basic trend is not yet clearly defined. Beware of against the trend sellers, many of whom will certainly benefit from this movement.
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
3.8
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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 3.3784 CZK. The price registered an increase of +0.58% on the session and was traded between 3.3609 CZK and 3.3787 CZK over the period. The price is currently at +0.52% from its lowest and -0.01% from its highest.3.3609
3.3787
3.3784
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
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of DKK/CZK in 1H 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 scanner detects a bearish signal on moving averages that could impact this trend:
Bearish trend reversal : Moving Average 50
Type : Bearish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, 15 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel 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 | 3.3246 | 3.3580 | 3.3712 | 3.3784 | 3.3898 | 3.4018 | 3.4081 |
| Change (%) | -1.59% | -0.60% | -0.21% | - | +0.34% | +0.69% | +0.88% |
| Change | -0.0538 | -0.0204 | -0.0072 | - | +0.0114 | +0.0234 | +0.0297 |
| Level | Intermediate | Intermediate | Minor | - | Intermediate | Intermediate | 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 | 3.3377 | 3.3479 | 3.3534 | 3.3636 | 3.3691 | 3.3793 | 3.3848 |
| Camarilla | 3.3547 | 3.3561 | 3.3576 | 3.3590 | 3.3604 | 3.3619 | 3.3633 |
| Woodie | 3.3355 | 3.3467 | 3.3512 | 3.3624 | 3.3669 | 3.3781 | 3.3826 |
| Fibonacci | 3.3479 | 3.3539 | 3.3576 | 3.3636 | 3.3696 | 3.3733 | 3.3793 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.3003 | 3.3291 | 3.3441 | 3.3729 | 3.3879 | 3.4167 | 3.4317 |
| Camarilla | 3.3470 | 3.3510 | 3.3550 | 3.3590 | 3.3630 | 3.3670 | 3.3711 |
| Woodie | 3.2933 | 3.3257 | 3.3371 | 3.3695 | 3.3809 | 3.4133 | 3.4247 |
| Fibonacci | 3.3291 | 3.3459 | 3.3562 | 3.3729 | 3.3897 | 3.4000 | 3.4167 |
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 technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 61.90 | |
| MACD (12,26,9): | 0.0018 | |
| Directional Movement: | 8.0614 | |
| AROON (14): | 14.2857 | |
| DEMA (21): | 3.3706 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.3628 | |
| Elder Ray (13): | 0.0045 | |
| Super Trend (3,10): | 3.3589 | |
| Zig ZAG (10): | 3.3752 | |
| VORTEX (21): | 1.0623 | |
| Stochastique (14,3,5): | 89.41 | |
| TEMA (21): | 3.3734 | |
| Williams %R (14): | -14.29 | |
| Chande Momentum Oscillator (20): | 0.0090 | |
| Repulse (5,40,3): | 0.0637 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0013 | |
| Courbe Coppock: | 0.44 |
| MA7: | 3.3802 | |
| MA20: | 3.4042 | |
| MA50: | 3.4164 | |
| MA100: | 3.4172 | |
| MAexp7: | 3.3727 | |
| MAexp20: | 3.3689 | |
| MAexp50: | 3.3699 | |
| MAexp100: | 3.3754 | |
| Price / MA7: | -0.05% | |
| Price / MA20: | -0.76% | |
| Price / MA50: | -1.11% | |
| Price / MA100: | -1.14% | |
| Price / MAexp7: | +0.17% | |
| Price / MAexp20: | +0.28% | |
| Price / MAexp50: | +0.25% | |
| Price / MAexp100: | +0.09% |
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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