DKK/HUF - 1H - Technical analysis published on 07/19/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
22%
28%
50%
My opinion
Bearish under 50.730 HUF
My targets
49.661 HUF (-0.486)
49.431 HUF (-0.716)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on DKK/HUF as long as the price remains well below 50.730 HUF. The next bearish objective for sellers is set at 49.661 HUF. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 49.431 HUF. If there is any crossing, the next objective would be the support located at 47.643 HUF. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
5.2
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:
Additional analysis
Quotes
The DKK/HUF rating is 50.147 HUF. The price registered a decrease of -0.01% on the session with the lowest point at 50.130 HUF and the highest point at 50.174 HUF. The deviation from the price is +0.03% for the low point and -0.05% for the high point.50.130
50.174
50.147
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. This strongly bearish trend is showing signs of slowing down given the slightly bearish signals given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
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 over the pivot point
Type : Bullish
Timeframe : 1 hour
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 46.452 | 47.643 | 49.431 | 50.147 | 50.162 | 51.002 | 51.777 |
| Change (%) | -7.37% | -4.99% | -1.43% | - | +0.03% | +1.70% | +3.25% |
| Change | -3.695 | -2.504 | -0.716 | - | +0.015 | +0.855 | +1.630 |
| Level | Intermediate | Minor | Major | - | Major | Intermediate | Major |
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 | 49.862 | 49.962 | 50.058 | 50.158 | 50.254 | 50.354 | 50.450 |
| Camarilla | 50.100 | 50.118 | 50.136 | 50.154 | 50.172 | 50.190 | 50.208 |
| Woodie | 49.860 | 49.961 | 50.056 | 50.157 | 50.252 | 50.353 | 50.448 |
| Fibonacci | 49.962 | 50.037 | 50.083 | 50.158 | 50.233 | 50.279 | 50.354 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 47.983 | 49.052 | 49.661 | 50.730 | 51.339 | 52.408 | 53.017 |
| Camarilla | 49.809 | 49.962 | 50.116 | 50.270 | 50.424 | 50.578 | 50.732 |
| Woodie | 47.753 | 48.937 | 49.431 | 50.615 | 51.109 | 52.293 | 52.787 |
| Fibonacci | 49.052 | 49.693 | 50.089 | 50.730 | 51.371 | 51.767 | 52.408 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 48.061 | 48.680 | 49.352 | 49.971 | 50.643 | 51.262 | 51.934 |
| Camarilla | 49.669 | 49.787 | 49.906 | 50.024 | 50.142 | 50.261 | 50.379 |
| Woodie | 48.088 | 48.693 | 49.379 | 49.984 | 50.670 | 51.275 | 51.961 |
| Fibonacci | 48.680 | 49.173 | 49.478 | 49.971 | 50.464 | 50.769 | 51.262 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 45.65 | |
| MACD (12,26,9): | -0.0070 | |
| Directional Movement: | -2.776 | |
| AROON (14): | 64.286 | |
| DEMA (21): | 50.141 | |
| Parabolic SAR (0,02-0,02-0,2): | 50.222 | |
| Elder Ray (13): | 0.002 | |
| Super Trend (3,10): | 50.245 | |
| Zig ZAG (10): | 50.142 | |
| VORTEX (21): | 0.9540 | |
| Stochastique (14,3,5): | 70.90 | |
| TEMA (21): | 50.142 | |
| Williams %R (14): | -45.00 | |
| Chande Momentum Oscillator (20): | -0.003 | |
| Repulse (5,40,3): | -0.0420 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0030 | |
| Courbe Coppock: | 0.02 |
| MA7: | 50.294 | |
| MA20: | 50.346 | |
| MA50: | 50.045 | |
| MA100: | 50.479 | |
| MAexp7: | 50.148 | |
| MAexp20: | 50.151 | |
| MAexp50: | 50.176 | |
| MAexp100: | 50.274 | |
| Price / MA7: | -0.29% | |
| Price / MA20: | -0.40% | |
| Price / MA50: | +0.20% | |
| Price / MA100: | -0.66% | |
| Price / MAexp7: | -0.01% | |
| Price / MAexp20: | -0.01% | |
| Price / MAexp50: | -0.06% | |
| Price / MAexp100: | -0.26% |
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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