DKK/CZK - 1H - Technical analysis published on 03/10/2023 (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:
Strongly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 3.1710 CZK
My targets
3.1871 CZK (+0.0088)
3.1961 CZK (+0.0178)
My analysis
DKK/CZK is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 3.1710 CZK. The next resistance located at 3.1871 CZK is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 3.1961 CZK. After this resistance, buyers could then target 3.2199 CZK. With the current pattern, you will need to monitor for possible bullish 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 bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.4
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Additional analysis
Quotes
The DKK/CZK price is 3.1783 CZK. The price registered an increase of +0.00% on the session with the lowest point at 3.1780 CZK and the highest point at 3.1787 CZK. The deviation from the price is +0.01% for the low point and -0.01% for the high point.3.1780
3.1787
3.1783
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
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
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of DKK/CZK in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 14 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
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
Near resistance of triangle
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
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 3.1533 | 3.1616 | 3.1710 | 3.1783 | 3.1788 | 3.1871 | 3.1961 |
| Change (%) | -0.79% | -0.53% | -0.23% | - | +0.02% | +0.28% | +0.56% |
| Change | -0.0250 | -0.0167 | -0.0073 | - | +0.0005 | +0.0088 | +0.0178 |
| Level | Intermediate | Intermediate | Minor | - | Intermediate | Minor | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.1512 | 3.1584 | 3.1684 | 3.1756 | 3.1856 | 3.1928 | 3.2028 |
| Camarilla | 3.1737 | 3.1753 | 3.1768 | 3.1784 | 3.1800 | 3.1816 | 3.1831 |
| Woodie | 3.1526 | 3.1591 | 3.1698 | 3.1763 | 3.1870 | 3.1935 | 3.2042 |
| Fibonacci | 3.1584 | 3.1650 | 3.1690 | 3.1756 | 3.1822 | 3.1862 | 3.1928 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.0932 | 3.1150 | 3.1355 | 3.1573 | 3.1778 | 3.1996 | 3.2201 |
| Camarilla | 3.1443 | 3.1482 | 3.1520 | 3.1559 | 3.1598 | 3.1637 | 3.1675 |
| Woodie | 3.0925 | 3.1147 | 3.1348 | 3.1570 | 3.1771 | 3.1993 | 3.2194 |
| Fibonacci | 3.1150 | 3.1312 | 3.1412 | 3.1573 | 3.1735 | 3.1835 | 3.1996 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.0794 | 3.1157 | 3.1368 | 3.1731 | 3.1942 | 3.2305 | 3.2516 |
| Camarilla | 3.1422 | 3.1475 | 3.1527 | 3.1580 | 3.1633 | 3.1685 | 3.1738 |
| Woodie | 3.0719 | 3.1119 | 3.1293 | 3.1693 | 3.1867 | 3.2267 | 3.2441 |
| Fibonacci | 3.1157 | 3.1376 | 3.1511 | 3.1731 | 3.1950 | 3.2085 | 3.2305 |
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): | 58.34 | |
| MACD (12,26,9): | 0.0011 | |
| Directional Movement: | 10.6107 | |
| AROON (14): | 21.4285 | |
| DEMA (21): | 3.1744 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.1641 | |
| Elder Ray (13): | 0.0028 | |
| Super Trend (3,10): | 3.1638 | |
| Zig ZAG (10): | 3.1784 | |
| VORTEX (21): | 1.0103 | |
| Stochastique (14,3,5): | 55.43 | |
| TEMA (21): | 3.1746 | |
| Williams %R (14): | -26.16 | |
| Chande Momentum Oscillator (20): | 0.0050 | |
| Repulse (5,40,3): | 0.2420 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0032 | |
| Courbe Coppock: | 0.04 |
| MA7: | 3.1598 | |
| MA20: | 3.1726 | |
| MA50: | 3.1982 | |
| MA100: | 3.2352 | |
| MAexp7: | 3.1745 | |
| MAexp20: | 3.1731 | |
| MAexp50: | 3.1708 | |
| MAexp100: | 3.1677 | |
| Price / MA7: | +0.59% | |
| Price / MA20: | +0.18% | |
| Price / MA50: | -0.62% | |
| Price / MA100: | -1.76% | |
| Price / MAexp7: | +0.12% | |
| Price / MAexp20: | +0.16% | |
| Price / MAexp50: | +0.24% | |
| Price / MAexp100: | +0.33% |
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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