DKK/HUF

- HUF (-)

- Real time data - Forex

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Type:	Forex
Ticker:	DKKHUF
ISIN:

DKK/HUF - 1H - Technical analysis published on 05/01/2025 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

11%

67%

22%

My opinion

Bearish under 54.215 HUF

My targets

54.068 HUF (-0.089)

53.512 HUF (-0.645)

My analysis

DKK/HUF 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 54.215 HUF. The next support located at 54.068 HUF 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 53.512 HUF. Below this support, sellers could then target 52.622 HUF. 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.

In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.

Force

6.8

Comment on the analysis

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

DKK/HUF rating 54.157 HUF. The price registered a decrease of -0.04% on the session and was traded between 54.082 HUF and 54.282 HUF over the period. The price is currently at +0.14% from its lowest and -0.23% from its highest.

54.082

54.282

54.157

So that you have an overall view of the price change, here is a table showing the variations over several periods:

Technical

Technical analysis of this 1H chart of DKK/HUF indicates that the overall trend is strongly bearish. 82.14% 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 is currently detecting a bearish signal that could impact this trend:

Bearish trend reversal : Moving Average 50

Type : Bearish

Timeframe : 1 hour

The probability of a further decline is moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour

The Central Indicators scanner found this result concerning these indicators:

Pivot points : price is under support 1 (Monthly)

Type : Neutral

Timeframe : 1 hour

The analysis of the price chart with Central Patterns scanners does not return any result.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	53.512	54.068	54.134	54.157	54.215	54.389	54.477
Change (%)	-1.19%	-0.16%	-0.04%	-	+0.11%	+0.43%	+0.59%
Change	-0.645	-0.089	-0.023	-	+0.058	+0.232	+0.320
Level	Major	Intermediate	Minor	-	Intermediate	Minor	Intermediate

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	53.894	53.979	54.080	54.165	54.266	54.351	54.452
Camarilla	54.130	54.147	54.164	54.181	54.198	54.215	54.232
Woodie	53.902	53.983	54.088	54.169	54.274	54.355	54.460
Fibonacci	53.979	54.050	54.094	54.165	54.236	54.280	54.351

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	53.493	53.894	54.103	54.504	54.713	55.114	55.323
Camarilla	54.144	54.200	54.256	54.312	54.368	54.424	54.480
Woodie	53.397	53.846	54.007	54.456	54.617	55.066	55.227
Fibonacci	53.894	54.127	54.271	54.504	54.737	54.881	55.114

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	51.825	52.652	53.417	54.244	55.009	55.836	56.601
Camarilla	53.743	53.889	54.035	54.181	54.327	54.473	54.619
Woodie	51.793	52.637	53.385	54.229	54.977	55.821	56.569
Fibonacci	52.652	53.261	53.636	54.244	54.853	55.228	55.836

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):	41.12
MACD (12,26,9):	-0.0070
Directional Movement:	-12.784
AROON (14):	-28.571
DEMA (21):	54.178
Parabolic SAR (0,02-0,02-0,2):	54.257
Elder Ray (13):	-0.024
Super Trend (3,10):	54.271
Zig ZAG (10):	54.139
VORTEX (21):	0.9450
Stochastique (14,3,5):	26.01
TEMA (21):	54.169
Williams %R (14):	-78.04
Chande Momentum Oscillator (20):	-0.063
Repulse (5,40,3):	-0.0200
ROCnROLL:	2
TRIX (15,9):	0.0010
Courbe Coppock:	0.12

MA7:	54.305
MA20:	54.496
MA50:	53.994
MA100:	54.434
MAexp7:	54.167
MAexp20:	54.184
MAexp50:	54.193
MAexp100:	54.247
Price / MA7:	-0.27%
Price / MA20:	-0.62%
Price / MA50:	+0.30%
Price / MA100:	-0.51%
Price / MAexp7:	-0.01%
Price / MAexp20:	-0.04%
Price / MAexp50:	-0.06%
Price / MAexp100:	-0.16%

Quotes : - Real time data - Forex

This member declared not having a position on this financial instrument or a related financial instrument.

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