DKK/HUF - 1H - Technical analysis published on 08/05/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
33%
33%
33%
My opinion
Bearish under 53.267 HUF
My targets
52.963 HUF (-0.111)
52.224 HUF (-0.850)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 53.267 HUF remains possible. It is advisable to trade DKK/HUF with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 53.267 HUF. The next bearish objective for sellers is set at 52.963 HUF. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 52.224 HUF. In case of crossing, the next objective would be the support located at 51.335 HUF. PS: if there is a bullish break in the resistance located at 53.267 HUF we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
3.9
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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/HUF price is 53.074 HUF. The price registered a decrease of -0.01% on the session and was traded between 52.883 HUF and 53.107 HUF over the period. The price is currently at +0.36% from its lowest and -0.06% from its highest.52.883
53.107
53.074
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
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 HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this DKK/HUF chart shows a bearish trend. 78.57% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Bullish engulfing lines
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 49.573 | 51.335 | 52.963 | 53.074 | 53.623 | 54.036 | 54.383 |
| Change (%) | -6.60% | -3.28% | -0.21% | - | +1.03% | +1.81% | +2.47% |
| Change | -3.501 | -1.739 | -0.111 | - | +0.549 | +0.962 | +1.309 |
| Level | Major | Minor | Major | - | Intermediate | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 52.563 | 52.762 | 52.919 | 53.118 | 53.275 | 53.474 | 53.631 |
| Camarilla | 52.979 | 53.012 | 53.044 | 53.077 | 53.110 | 53.142 | 53.175 |
| Woodie | 52.543 | 52.752 | 52.899 | 53.108 | 53.255 | 53.464 | 53.611 |
| Fibonacci | 52.762 | 52.898 | 52.982 | 53.118 | 53.254 | 53.338 | 53.474 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 51.411 | 52.224 | 53.267 | 54.080 | 55.123 | 55.936 | 56.979 |
| Camarilla | 53.801 | 53.971 | 54.141 | 54.311 | 54.481 | 54.651 | 54.821 |
| Woodie | 51.527 | 52.282 | 53.383 | 54.138 | 55.239 | 55.994 | 57.095 |
| Fibonacci | 52.224 | 52.933 | 53.371 | 54.080 | 54.789 | 55.227 | 55.936 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 49.903 | 51.470 | 52.890 | 54.457 | 55.877 | 57.444 | 58.864 |
| Camarilla | 53.490 | 53.763 | 54.037 | 54.311 | 54.585 | 54.859 | 55.132 |
| Woodie | 49.831 | 51.433 | 52.818 | 54.420 | 55.805 | 57.407 | 58.792 |
| Fibonacci | 51.470 | 52.611 | 53.316 | 54.457 | 55.598 | 56.303 | 57.444 |
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): | 47.36 | |
| MACD (12,26,9): | -0.0270 | |
| Directional Movement: | -13.792 | |
| AROON (14): | -64.286 | |
| DEMA (21): | 53.035 | |
| Parabolic SAR (0,02-0,02-0,2): | 53.139 | |
| Elder Ray (13): | -0.041 | |
| Super Trend (3,10): | 52.935 | |
| Zig ZAG (10): | 53.058 | |
| VORTEX (21): | 0.9180 | |
| Stochastique (14,3,5): | 38.62 | |
| TEMA (21): | 53.045 | |
| Williams %R (14): | -32.43 | |
| Chande Momentum Oscillator (20): | -0.019 | |
| Repulse (5,40,3): | 0.1070 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0050 | |
| Courbe Coppock: | 0.18 |
| MA7: | 53.596 | |
| MA20: | 53.906 | |
| MA50: | 53.668 | |
| MA100: | 52.244 | |
| MAexp7: | 53.042 | |
| MAexp20: | 53.071 | |
| MAexp50: | 53.160 | |
| MAexp100: | 53.349 | |
| Price / MA7: | -0.97% | |
| Price / MA20: | -1.54% | |
| Price / MA50: | -1.11% | |
| Price / MA100: | +1.59% | |
| Price / MAexp7: | +0.06% | |
| Price / MAexp20: | +0.01% | |
| Price / MAexp50: | -0.16% | |
| Price / MAexp100: | -0.51% |
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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