DKK/CZK - 1H - Technical analysis published on 12/09/2022 (GMT)
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I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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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:
Bearish
Underlying:
Strongly bearish
Technical indicators
39%
6%
56%
My opinion
Bearish under 3.2725 CZK
My targets
3.2623 CZK (-0.0043)
3.2601 CZK (-0.0065)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on DKK/CZK as long as the price remains well below 3.2725 CZK. The next bearish objective for sellers is set at 3.2623 CZK. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 3.2601 CZK. If there is any crossing, the next objective would be the support located at 3.2199 CZK. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
3.6
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The DKK/CZK price is 3.2666 CZK. On the day, this instrument gained +0.00% and was traded between 3.2651 CZK and 3.2685 CZK over the period. The price is currently at +0.05% from its lowest and -0.06% from its highest.3.2651
3.2685
3.2666
The Central Gaps scanner detects a bearish opening. A small advantage for sellers 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
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of DKK/CZK indicates that the overall trend is strongly bearish. The signals given by moving averages are 85.71% bearish. This strongly bearish trend seems to be slowing down given the slightly bearish signals being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators shows a slightly bullish signal.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Ichimoku : price is over the cloud
Type : Bullish
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:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 3.2199 | 3.2623 | 3.2655 | 3.2666 | 3.2672 | 3.2725 | 3.2766 |
| Change (%) | -1.43% | -0.13% | -0.03% | - | +0.02% | +0.18% | +0.31% |
| Change | -0.0467 | -0.0043 | -0.0011 | - | +0.0006 | +0.0059 | +0.0100 |
| Level | Intermediate | Minor | Intermediate | - | Minor | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.2575 | 3.2612 | 3.2639 | 3.2676 | 3.2703 | 3.2740 | 3.2767 |
| Camarilla | 3.2649 | 3.2655 | 3.2661 | 3.2667 | 3.2673 | 3.2679 | 3.2685 |
| Woodie | 3.2571 | 3.2610 | 3.2635 | 3.2674 | 3.2699 | 3.2738 | 3.2763 |
| Fibonacci | 3.2612 | 3.2636 | 3.2651 | 3.2676 | 3.2700 | 3.2715 | 3.2740 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.2601 | 3.2644 | 3.2721 | 3.2764 | 3.2841 | 3.2884 | 3.2961 |
| Camarilla | 3.2765 | 3.2776 | 3.2787 | 3.2798 | 3.2809 | 3.2820 | 3.2831 |
| Woodie | 3.2618 | 3.2653 | 3.2738 | 3.2773 | 3.2858 | 3.2893 | 3.2978 |
| Fibonacci | 3.2644 | 3.2690 | 3.2718 | 3.2764 | 3.2810 | 3.2838 | 3.2884 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.2159 | 3.2377 | 3.2554 | 3.2772 | 3.2949 | 3.3167 | 3.3344 |
| Camarilla | 3.2623 | 3.2660 | 3.2696 | 3.2732 | 3.2768 | 3.2804 | 3.2841 |
| Woodie | 3.2140 | 3.2367 | 3.2535 | 3.2762 | 3.2930 | 3.3157 | 3.3325 |
| Fibonacci | 3.2377 | 3.2528 | 3.2621 | 3.2772 | 3.2923 | 3.3016 | 3.3167 |
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): | 51.03 | |
| MACD (12,26,9): | -0.0001 | |
| Directional Movement: | 6.5413 | |
| AROON (14): | -28.5714 | |
| DEMA (21): | 3.2668 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.2687 | |
| Elder Ray (13): | 0.0001 | |
| Super Trend (3,10): | 3.2706 | |
| Zig ZAG (10): | 3.2671 | |
| VORTEX (21): | 0.9938 | |
| Stochastique (14,3,5): | 50.00 | |
| TEMA (21): | 3.2669 | |
| Williams %R (14): | -35.29 | |
| Chande Momentum Oscillator (20): | 0.0008 | |
| Repulse (5,40,3): | 0.0205 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0007 | |
| Courbe Coppock: | 0.02 |
| MA7: | 3.2707 | |
| MA20: | 3.2731 | |
| MA50: | 3.2836 | |
| MA100: | 3.2932 | |
| MAexp7: | 3.2669 | |
| MAexp20: | 3.2670 | |
| MAexp50: | 3.2675 | |
| MAexp100: | 3.2689 | |
| Price / MA7: | -0.13% | |
| Price / MA20: | -0.20% | |
| Price / MA50: | -0.52% | |
| Price / MA100: | -0.81% | |
| Price / MAexp7: | -0.01% | |
| Price / MAexp20: | -0.01% | |
| Price / MAexp50: | -0.03% | |
| Price / MAexp100: | -0.07% |
Quotes :
-
Real time data
-
Forex
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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