DKK/CZK - 1H - Technical analysis published on 01/27/2023 (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 bullish
Underlying:
Slightly bearish
Technical indicators
56%
6%
39%
My opinion
Bullish above 3.1934 CZK
My targets
3.2061 CZK (+0.0040)
3.2103 CZK (+0.0082)
My analysis
The current short-term bullish trend is expected to quickly reset the neutral or bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for DKK/CZK as long as the price remains well above 3.1934 CZK. The buyers' bullish objective is set at 3.2061 CZK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 3.2103 CZK. If there is any crossing, the next objective would be the resistance located at 3.2199 CZK. As the basic trend is not clearly displayed, attention should be paid to the price reaction to the resistance at 3.2061 CZK. On this resistance, against the trend traders who would like to go short on DKK/CZK with a bearish signal from their trading strategy, should not hesitate to act.
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
2
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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 3.2021 CZK. On the day, this instrument gained +0.00% and was between 3.2016 CZK and 3.2024 CZK. This implies that the price is at +0.02% from its lowest and at -0.01% from its highest.3.2016
3.2024
3.2021
A study of price movements over other periods shows the following variations:
New LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of DKK/CZK in 1H shows an overall slightly bearish trend. 57.14% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages indicate that this slightly bearish trend could quickly be reversed. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
In fact, 10 technical indicators on 18 studied are currently bullish. Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Ichimoku : price is over the cloud
Type : Bullish
Timeframe : 1 hour
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
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
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 3.0770 | 3.1934 | 3.2021 | 3.2061 | 3.2103 | 3.2199 |
| Change (%) | -3.91% | -0.27% | - | +0.12% | +0.26% | +0.56% |
| Change | -0.1251 | -0.0087 | - | +0.0040 | +0.0082 | +0.0178 |
| Level | Minor | Intermediate | - | Intermediate | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.1871 | 3.1907 | 3.1964 | 3.2000 | 3.2057 | 3.2093 | 3.2150 |
| Camarilla | 3.1996 | 3.2005 | 3.2014 | 3.2022 | 3.2031 | 3.2039 | 3.2048 |
| Woodie | 3.1883 | 3.1912 | 3.1976 | 3.2005 | 3.2069 | 3.2098 | 3.2162 |
| Fibonacci | 3.1907 | 3.1942 | 3.1964 | 3.2000 | 3.2035 | 3.2057 | 3.2093 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.1894 | 3.2001 | 3.2090 | 3.2197 | 3.2286 | 3.2393 | 3.2482 |
| Camarilla | 3.2124 | 3.2142 | 3.2160 | 3.2178 | 3.2196 | 3.2214 | 3.2232 |
| Woodie | 3.1884 | 3.1997 | 3.2080 | 3.2193 | 3.2276 | 3.2389 | 3.2472 |
| Fibonacci | 3.2001 | 3.2076 | 3.2123 | 3.2197 | 3.2272 | 3.2319 | 3.2393 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.1992 | 3.2203 | 3.2385 | 3.2596 | 3.2778 | 3.2989 | 3.3171 |
| Camarilla | 3.2459 | 3.2495 | 3.2531 | 3.2567 | 3.2603 | 3.2639 | 3.2675 |
| Woodie | 3.1978 | 3.2196 | 3.2371 | 3.2589 | 3.2764 | 3.2982 | 3.3157 |
| Fibonacci | 3.2203 | 3.2353 | 3.2446 | 3.2596 | 3.2746 | 3.2839 | 3.2989 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 55.97 | |
| MACD (12,26,9): | 0.0007 | |
| Directional Movement: | 4.6798 | |
| AROON (14): | 21.4286 | |
| DEMA (21): | 3.2014 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.2001 | |
| Elder Ray (13): | 0.0006 | |
| Super Trend (3,10): | 3.1957 | |
| Zig ZAG (10): | 3.2020 | |
| VORTEX (21): | 1.1217 | |
| Stochastique (14,3,5): | 79.75 | |
| TEMA (21): | 3.2030 | |
| Williams %R (14): | -22.73 | |
| Chande Momentum Oscillator (20): | -0.0012 | |
| Repulse (5,40,3): | 0.0305 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0020 | |
| Courbe Coppock: | 0.26 |
| MA7: | 3.2101 | |
| MA20: | 3.2244 | |
| MA50: | 3.2495 | |
| MA100: | 3.2718 | |
| MAexp7: | 3.2018 | |
| MAexp20: | 3.2008 | |
| MAexp50: | 3.2017 | |
| MAexp100: | 3.2052 | |
| Price / MA7: | -0.25% | |
| Price / MA20: | -0.69% | |
| Price / MA50: | -1.46% | |
| Price / MA100: | -2.13% | |
| Price / MAexp7: | +0.01% | |
| Price / MAexp20: | +0.04% | |
| Price / MAexp50: | +0.01% | |
| Price / MAexp100: | -0.10% |
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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