DKK/CZK
DKK CZK
- CZK (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: DKKCZK
ISIN:

DKK/CZK - 1H - Technical analysis published on 03/24/2023 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

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Summary of the analysis

Trends
Short term: Bearish
Underlying: Strongly bearish
Technical indicators
33%
33%
33%
My opinion
Bearish under 3.1869 CZK
My targets
3.1658 CZK (-0.0045)
3.1387 CZK (-0.0316)
My analysis
The bearish basic trend is very strong on DKK/CZK but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 3.1869 CZK. Crossing the first support at 3.1658 CZK would be a sign of a further potential price plummet. Sellers would then use the next support located at 3.1387 CZK as an objective. Crossing it would then enable sellers to target 3.0770 CZK. Caution, a return to above the resistance located at 3.1869 CZK would be a sign of a possible consolidation phase of the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
5.4

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The DKK/CZK price is 3.1703 CZK. The price is lower by -0.03% since the last closing with the lowest point at 3.1662 CZK and the highest point at 3.1931 CZK. The deviation from the price is +0.13% for the low point and -0.71% for the high point.

3.1662
3.1931
3.1703

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by DKK/CZK:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

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 DKK/CZK in 1H shows a overall strongly bearish trend. 89.29% of the signals given by moving averages are bearish. The slightly bearish signals from short-term moving averages show that the overall trend is slowing down. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:

Central Indicators

Bearish trend reversal : Moving Average 20

Type : Bearish

Timeframe : 1 hour


Bearish trend reversal : adaptative moving average 20

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with Moving Average 50

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with adaptative moving average 50

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with adaptative moving average 100

Type : Bearish

Timeframe : 1 hour



In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 6 are bullish, 6 are neutral and 6 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly


RSI indicator is back under 50

Type : Bearish

Timeframe : 1 hour


Ichimoku : price is under the cloud

Type : Bearish

Timeframe : 1 hour


Price is back under the pivot point

Type : Bearish

Timeframe : 1 hour


Williams %R indicator is back under -50

Type : Bearish

Timeframe : 1 hour



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour


Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour



The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 3.0770 3.1387 3.1658 3.1703 3.1869 3.1992 3.2199
Change (%) -2.94% -1.00% -0.14% - +0.52% +0.91% +1.56%
Change -0.0933 -0.0316 -0.0045 - +0.0166 +0.0289 +0.0496
Level Intermediate Intermediate Intermediate - Minor Minor Major



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
Standard3.14343.15463.16293.17413.18243.19363.2019
Camarilla3.16583.16763.16943.17123.17303.17483.1766
Woodie3.14203.15393.16153.17343.18103.19293.2005
Fibonacci3.15463.16213.16673.17413.18163.18623.1936


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard3.11823.14343.18643.21163.25463.27983.3228
Camarilla3.21073.21693.22323.22943.23573.24193.2482
Woodie3.12713.14793.19533.21613.26353.28433.3317
Fibonacci3.14343.16953.18563.21163.23773.25383.2798


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard3.07943.11573.13683.17313.19423.23053.2516
Camarilla3.14223.14753.15273.15803.16333.16853.1738
Woodie3.07193.11193.12933.16933.18673.22673.2441
Fibonacci3.11573.13763.15113.17313.19503.20853.2305

Numerical data


The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators
Moving averages

RSI (14): 47.49
MACD (12,26,9): 0.0004
Directional Movement: 1.5071
AROON (14): 14.2857
DEMA (21): 3.1755
Parabolic SAR (0,02-0,02-0,2): 3.1721
Elder Ray (13): 0.0012
Super Trend (3,10): 3.1678
Zig ZAG (10): 3.1751
VORTEX (21): 1.0562
Stochastique (14,3,5): 45.85
TEMA (21): 3.1787
Williams %R (14): -69.52
Chande Momentum Oscillator (20): 0.0032
Repulse (5,40,3): -0.1994
ROCnROLL: 2
TRIX (15,9): -0.0040
Courbe Coppock: 0.43
MA7: 3.2000
MA20: 3.1819
MA50: 3.1905
MA100: 3.2251
MAexp7: 3.1776
MAexp20: 3.1758
MAexp50: 3.1799
MAexp100: 3.1881
Price / MA7: -0.93%
Price / MA20: -0.36%
Price / MA50: -0.63%
Price / MA100: -1.70%
Price / MAexp7: -0.23%
Price / MAexp20: -0.17%
Price / MAexp50: -0.30%
Price / MAexp100: -0.56%

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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