DKK/HUF - 1H - Technical analysis published on 05/15/2023 (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:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
33%
44%
My opinion
Bearish under 49.933 HUF
My targets
49.621 HUF (-0.086)
49.539 HUF (-0.168)
My analysis
The bearish trend is currently very strong for DKK/HUF. As long as the price remains below the resistance at 49.933 HUF, you could try to take advantage of the bearish rally. The first bearish objective is located at 49.621 HUF. The bearish momentum would be revived by a break in this support. 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. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
5.7
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
DKK/HUF rating 49.707 HUF. The price registered an increase of +0.00% on the session and was traded between 49.656 HUF and 49.747 HUF over the period. The price is currently at +0.10% from its lowest and -0.08% from its highest.49.656
49.747
49.707
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
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 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 overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Price is back under the pivot point
Type : Bearish
Timeframe : 1 hour
Momentum indicator is back under 0
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:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Near support of channel
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 | 46.452 | 49.539 | 49.621 | 49.707 | 49.933 | 50.074 | 50.436 |
| Change (%) | -6.55% | -0.34% | -0.17% | - | +0.45% | +0.74% | +1.47% |
| Change | -3.255 | -0.168 | -0.086 | - | +0.226 | +0.367 | +0.729 |
| Level | Intermediate | Major | Intermediate | - | Major | Minor | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 49.266 | 49.444 | 49.576 | 49.754 | 49.886 | 50.064 | 50.196 |
| Camarilla | 49.624 | 49.652 | 49.681 | 49.709 | 49.737 | 49.766 | 49.794 |
| Woodie | 49.244 | 49.433 | 49.554 | 49.743 | 49.864 | 50.053 | 50.174 |
| Fibonacci | 49.444 | 49.562 | 49.635 | 49.754 | 49.872 | 49.945 | 50.064 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 48.991 | 49.282 | 49.495 | 49.786 | 49.999 | 50.290 | 50.503 |
| Camarilla | 49.570 | 49.617 | 49.663 | 49.709 | 49.755 | 49.801 | 49.848 |
| Woodie | 48.953 | 49.263 | 49.457 | 49.767 | 49.961 | 50.271 | 50.465 |
| Fibonacci | 49.282 | 49.474 | 49.593 | 49.786 | 49.978 | 50.097 | 50.290 |
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): | 39.19 | |
| MACD (12,26,9): | -0.0290 | |
| Directional Movement: | -11.203 | |
| AROON (14): | 7.143 | |
| DEMA (21): | 49.702 | |
| Parabolic SAR (0,02-0,02-0,2): | 49.659 | |
| Elder Ray (13): | -0.015 | |
| Super Trend (3,10): | 49.838 | |
| Zig ZAG (10): | 49.706 | |
| VORTEX (21): | 0.8570 | |
| Stochastique (14,3,5): | 59.37 | |
| TEMA (21): | 49.686 | |
| Williams %R (14): | -50.00 | |
| Chande Momentum Oscillator (20): | -0.018 | |
| Repulse (5,40,3): | -0.0180 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0090 | |
| Courbe Coppock: | 0.17 |
| MA7: | 49.820 | |
| MA20: | 50.137 | |
| MA50: | 50.856 | |
| MA100: | 51.605 | |
| MAexp7: | 49.714 | |
| MAexp20: | 49.740 | |
| MAexp50: | 49.778 | |
| MAexp100: | 49.823 | |
| Price / MA7: | -0.23% | |
| Price / MA20: | -0.86% | |
| Price / MA50: | -2.26% | |
| Price / MA100: | -3.68% | |
| Price / MAexp7: | -0.01% | |
| Price / MAexp20: | -0.07% | |
| Price / MAexp50: | -0.14% | |
| Price / MAexp100: | -0.23% |
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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