DKK/CZK - 1H - Technical analysis published on 09/06/2024 (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:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
44%
11%
44%
My opinion
Bearish under 3.3595 CZK
My targets
3.3385 CZK (-0.0161)
3.3246 CZK (-0.0300)
My analysis
DKK/CZK is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 3.3595 CZK. The next support located at 3.3385 CZK is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 3.3246 CZK. Below this support, sellers could then target 3.2915 CZK. With the current pattern, you will need to monitor for possible bearish 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 bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
5
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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 rating is 3.3546 CZK. The price is lower by -0.01% since the last closing with the lowest point at 3.3546 CZK and the highest point at 3.3555 CZK. The deviation from the price is 0% for the low point and -0.03% for the high point.3.3546
3.3555
3.3546
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 year)
Type : Bullish
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 strongly bearish. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The probability of a further increase is slight given the direction of the technical indicators.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Price is back under the pivot point
Type : Bearish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near resistance of channel
Type : Bearish
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 | 3.3246 | 3.3385 | 3.3522 | 3.3546 | 3.3556 | 3.3595 | 3.3687 |
| Change (%) | -0.89% | -0.48% | -0.07% | - | +0.03% | +0.15% | +0.42% |
| Change | -0.0300 | -0.0161 | -0.0024 | - | +0.0010 | +0.0049 | +0.0141 |
| Level | Major | Minor | Major | - | Minor | Intermediate | 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 | 3.3431 | 3.3473 | 3.3511 | 3.3553 | 3.3591 | 3.3633 | 3.3671 |
| Camarilla | 3.3527 | 3.3534 | 3.3542 | 3.3549 | 3.3556 | 3.3564 | 3.3571 |
| Woodie | 3.3429 | 3.3472 | 3.3509 | 3.3552 | 3.3589 | 3.3632 | 3.3669 |
| Fibonacci | 3.3473 | 3.3504 | 3.3522 | 3.3553 | 3.3584 | 3.3602 | 3.3633 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.3234 | 3.3366 | 3.3468 | 3.3600 | 3.3702 | 3.3834 | 3.3936 |
| Camarilla | 3.3505 | 3.3526 | 3.3548 | 3.3569 | 3.3591 | 3.3612 | 3.3633 |
| Woodie | 3.3218 | 3.3359 | 3.3452 | 3.3593 | 3.3686 | 3.3827 | 3.3920 |
| Fibonacci | 3.3366 | 3.3456 | 3.3511 | 3.3600 | 3.3690 | 3.3745 | 3.3834 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.2583 | 3.3041 | 3.3305 | 3.3763 | 3.4027 | 3.4485 | 3.4749 |
| Camarilla | 3.3371 | 3.3437 | 3.3503 | 3.3569 | 3.3635 | 3.3701 | 3.3768 |
| Woodie | 3.2486 | 3.2993 | 3.3208 | 3.3715 | 3.3930 | 3.4437 | 3.4652 |
| Fibonacci | 3.3041 | 3.3317 | 3.3487 | 3.3763 | 3.4039 | 3.4209 | 3.4485 |
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): | 46.30 | |
| MACD (12,26,9): | -0.0007 | |
| Directional Movement: | -4.4154 | |
| AROON (14): | 42.8571 | |
| DEMA (21): | 3.3544 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.3518 | |
| Elder Ray (13): | 0.0003 | |
| Super Trend (3,10): | 3.3586 | |
| Zig ZAG (10): | 3.3551 | |
| VORTEX (21): | 0.9105 | |
| Stochastique (14,3,5): | 77.19 | |
| TEMA (21): | 3.3547 | |
| Williams %R (14): | -26.09 | |
| Chande Momentum Oscillator (20): | 0.0005 | |
| Repulse (5,40,3): | -0.0075 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0042 | |
| Courbe Coppock: | 0.01 |
| MA7: | 3.3580 | |
| MA20: | 3.3636 | |
| MA50: | 3.3796 | |
| MA100: | 3.3558 | |
| MAexp7: | 3.3551 | |
| MAexp20: | 3.3554 | |
| MAexp50: | 3.3570 | |
| MAexp100: | 3.3579 | |
| Price / MA7: | -0.10% | |
| Price / MA20: | -0.27% | |
| Price / MA50: | -0.74% | |
| Price / MA100: | -0.04% | |
| Price / MAexp7: | -0.01% | |
| Price / MAexp20: | -0.02% | |
| Price / MAexp50: | -0.07% | |
| 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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