DKK/CZK - 1H - Technical analysis published on 01/30/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
50%
17%
33%
My opinion
Bearish under 3.2061 CZK
My targets
3.1961 CZK (-0.0045)
3.1696 CZK (-0.0310)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on DKK/CZK. As long as you are under the resistance located at 3.2061 CZK, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 3.1961 CZK would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 3.1696 CZK as an objective. Crossing it would then enable sellers to target 3.0770 CZK. If the resistance 3.2061 CZK were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
1.1
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
DKK/CZK rating 3.2006 CZK. On the day, this instrument gained +0.00% with the lowest point at 3.1973 CZK and the highest point at 3.2014 CZK. The deviation from the price is +0.10% for the low point and -0.02% for the high point.3.1973
3.2014
3.2006
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
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
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 this 1H chart of DKK/CZK indicates that the overall trend is bearish. The signals given by moving averages are 64.29% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators scanner detects bullish and bearish signals on moving averages that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, only 9 technical indicators out of 18 analysed are currently bullish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
RSI indicator is back over 50
Type : Bullish
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, 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 | 3.1934 | 3.1961 | 3.2004 | 3.2006 | 3.2061 | 3.2120 | 3.2199 |
| Change (%) | -0.22% | -0.14% | -0.01% | - | +0.17% | +0.36% | +0.60% |
| Change | -0.0072 | -0.0045 | -0.0002 | - | +0.0055 | +0.0114 | +0.0193 |
| Level | Intermediate | Intermediate | Minor | - | Major | 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 | 3.1888 | 3.1924 | 3.1966 | 3.2002 | 3.2044 | 3.2080 | 3.2122 |
| Camarilla | 3.1986 | 3.1993 | 3.2000 | 3.2007 | 3.2014 | 3.2021 | 3.2029 |
| Woodie | 3.1890 | 3.1926 | 3.1968 | 3.2004 | 3.2046 | 3.2082 | 3.2124 |
| Fibonacci | 3.1924 | 3.1954 | 3.1973 | 3.2002 | 3.2032 | 3.2051 | 3.2080 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.1696 | 3.1815 | 3.1911 | 3.2030 | 3.2126 | 3.2245 | 3.2341 |
| Camarilla | 3.1948 | 3.1968 | 3.1987 | 3.2007 | 3.2027 | 3.2046 | 3.2066 |
| Woodie | 3.1685 | 3.1809 | 3.1900 | 3.2024 | 3.2115 | 3.2239 | 3.2330 |
| Fibonacci | 3.1815 | 3.1897 | 3.1948 | 3.2030 | 3.2112 | 3.2163 | 3.2245 |
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): | 48.61 | |
| MACD (12,26,9): | -0.0003 | |
| Directional Movement: | -3.7571 | |
| AROON (14): | -14.2857 | |
| DEMA (21): | 3.2002 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.1968 | |
| Elder Ray (13): | 0.0002 | |
| Super Trend (3,10): | 3.2051 | |
| Zig ZAG (10): | 3.2009 | |
| VORTEX (21): | 0.9981 | |
| Stochastique (14,3,5): | 58.61 | |
| TEMA (21): | 3.2000 | |
| Williams %R (14): | -36.99 | |
| Chande Momentum Oscillator (20): | -0.0004 | |
| Repulse (5,40,3): | 0.0448 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0011 | |
| Courbe Coppock: | 0.11 |
| MA7: | 3.2051 | |
| MA20: | 3.2193 | |
| MA50: | 3.2466 | |
| MA100: | 3.2698 | |
| MAexp7: | 3.2003 | |
| MAexp20: | 3.2005 | |
| MAexp50: | 3.2011 | |
| MAexp100: | 3.2034 | |
| Price / MA7: | -0.14% | |
| Price / MA20: | -0.58% | |
| Price / MA50: | -1.42% | |
| Price / MA100: | -2.12% | |
| Price / MAexp7: | +0.01% | |
| Price / MAexp20: | +0.00% | |
| Price / MAexp50: | -0.02% | |
| 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.
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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