DKK/HUF - 1H - Technical analysis published on 05/10/2023 (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:
Bearish
Underlying:
Strongly bearish
Technical indicators
33%
33%
33%
My opinion
Bearish under 50.073 HUF
My targets
49.832 HUF (-0.051)
49.539 HUF (-0.344)
My analysis
The bearish basic trend is very strong on DKK/HUF 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 50.073 HUF. Crossing the first support at 49.832 HUF would be a sign of a further potential price plummet. Sellers would then use the next support located at 49.539 HUF as an objective. Crossing it would then enable sellers to target 46.452 HUF. Caution, a return to above the resistance located at 50.073 HUF 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
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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 49.883 HUF. The price registered an increase of +0.00% on the session and was traded between 49.842 HUF and 49.902 HUF over the period. The price is currently at +0.08% from its lowest and -0.04% from its highest.49.842
49.902
49.883
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
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 (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of DKK/HUF in 1H shows a overall strongly bearish trend. 85.71% 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 scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
MACD indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Momentum indicator is back over 0
Type : Bullish
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
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
White morning star
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 46.452 | 49.539 | 49.832 | 49.883 | 49.900 | 50.073 | 50.237 |
| Change (%) | -6.88% | -0.69% | -0.10% | - | +0.03% | +0.38% | +0.71% |
| Change | -3.431 | -0.344 | -0.051 | - | +0.017 | +0.190 | +0.354 |
| Level | Intermediate | Major | Intermediate | - | Minor | Major | 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 | 49.468 | 49.617 | 49.750 | 49.899 | 50.032 | 50.181 | 50.314 |
| Camarilla | 49.807 | 49.832 | 49.858 | 49.884 | 49.910 | 49.936 | 49.962 |
| Woodie | 49.461 | 49.613 | 49.743 | 49.895 | 50.025 | 50.177 | 50.307 |
| Fibonacci | 49.617 | 49.724 | 49.791 | 49.899 | 50.006 | 50.073 | 50.181 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 48.873 | 49.334 | 49.621 | 50.082 | 50.369 | 50.830 | 51.117 |
| Camarilla | 49.701 | 49.770 | 49.838 | 49.907 | 49.976 | 50.044 | 50.113 |
| Woodie | 48.785 | 49.291 | 49.533 | 50.039 | 50.281 | 50.787 | 51.029 |
| Fibonacci | 49.334 | 49.620 | 49.797 | 50.082 | 50.368 | 50.545 | 50.830 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 47.704 | 48.639 | 49.353 | 50.288 | 51.002 | 51.937 | 52.651 |
| Camarilla | 49.615 | 49.766 | 49.917 | 50.068 | 50.219 | 50.370 | 50.522 |
| Woodie | 47.595 | 48.584 | 49.244 | 50.233 | 50.893 | 51.882 | 52.542 |
| Fibonacci | 48.639 | 49.269 | 49.658 | 50.288 | 50.918 | 51.307 | 51.937 |
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): | 41.16 | |
| MACD (12,26,9): | -0.0240 | |
| Directional Movement: | -1.617 | |
| AROON (14): | -92.857 | |
| DEMA (21): | 49.853 | |
| Parabolic SAR (0,02-0,02-0,2): | 49.961 | |
| Elder Ray (13): | -0.009 | |
| Super Trend (3,10): | 49.984 | |
| Zig ZAG (10): | 49.864 | |
| VORTEX (21): | 0.9120 | |
| Stochastique (14,3,5): | 16.12 | |
| TEMA (21): | 49.849 | |
| Williams %R (14): | -73.68 | |
| Chande Momentum Oscillator (20): | 0.009 | |
| Repulse (5,40,3): | -0.0310 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0070 | |
| Courbe Coppock: | 0.08 |
| MA7: | 50.061 | |
| MA20: | 50.197 | |
| MA50: | 50.918 | |
| MA100: | 51.730 | |
| MAexp7: | 49.866 | |
| MAexp20: | 49.885 | |
| MAexp50: | 49.930 | |
| MAexp100: | 49.990 | |
| Price / MA7: | -0.36% | |
| Price / MA20: | -0.63% | |
| Price / MA50: | -2.03% | |
| Price / MA100: | -3.57% | |
| Price / MAexp7: | +0.03% | |
| Price / MAexp20: | -0.01% | |
| Price / MAexp50: | -0.10% | |
| Price / MAexp100: | -0.22% |
Quotes :
-
Real time data
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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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