DKK/PLN - 1H - Technical analysis published on 10/17/2022 (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:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
11%
61%
28%
My opinion
Bearish under 0.6474 PLN
My targets
0.6442 PLN (-0.0015)
0.6418 PLN (-0.0039)
My analysis
The bearish trend is currently very strong for DKK/PLN. As long as the price remains below the resistance at 0.6474 PLN, you could try to take advantage of the bearish rally. The first bearish objective is located at 0.6442 PLN. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 0.6418 PLN as an objective. Crossing it would then enable sellers to target 0.6270 PLN. 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 confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
6.6
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/PLN price is 0.6457 PLN. The price is lower by -0.02% since the last closing and was traded between 0.6448 PLN and 0.6529 PLN over the period. The price is currently at +0.14% from its lowest and -1.10% from its highest.0.6448
0.6529
0.6457
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by DKK/PLN:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this DKK/PLN chart shows a sharp bearish trend. The signals given by moving averages are 82.14% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 11 technical indicators on 18 studied are currently positioned bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.6270 | 0.6418 | 0.6442 | 0.6457 | 0.6474 | 0.6495 | 0.6507 |
| Change (%) | -2.90% | -0.60% | -0.23% | - | +0.26% | +0.59% | +0.77% |
| Change | -0.0187 | -0.0039 | -0.0015 | - | +0.0017 | +0.0038 | +0.0050 |
| Level | Major | Minor | Intermediate | - | Minor | Intermediate | 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 | 0.6366 | 0.6404 | 0.6431 | 0.6469 | 0.6496 | 0.6534 | 0.6561 |
| Camarilla | 0.6440 | 0.6446 | 0.6452 | 0.6458 | 0.6464 | 0.6470 | 0.6476 |
| Woodie | 0.6361 | 0.6401 | 0.6426 | 0.6466 | 0.6491 | 0.6531 | 0.6556 |
| Fibonacci | 0.6404 | 0.6429 | 0.6444 | 0.6469 | 0.6494 | 0.6509 | 0.6534 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.6286 | 0.6364 | 0.6411 | 0.6489 | 0.6536 | 0.6614 | 0.6661 |
| Camarilla | 0.6424 | 0.6435 | 0.6447 | 0.6458 | 0.6470 | 0.6481 | 0.6492 |
| Woodie | 0.6271 | 0.6356 | 0.6396 | 0.6481 | 0.6521 | 0.6606 | 0.6646 |
| Fibonacci | 0.6364 | 0.6412 | 0.6441 | 0.6489 | 0.6537 | 0.6566 | 0.6614 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.6043 | 0.6163 | 0.6347 | 0.6467 | 0.6651 | 0.6771 | 0.6955 |
| Camarilla | 0.6447 | 0.6475 | 0.6503 | 0.6531 | 0.6559 | 0.6587 | 0.6615 |
| Woodie | 0.6075 | 0.6179 | 0.6379 | 0.6483 | 0.6683 | 0.6787 | 0.6987 |
| Fibonacci | 0.6163 | 0.6279 | 0.6351 | 0.6467 | 0.6583 | 0.6655 | 0.6771 |
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): | 39.36 | |
| MACD (12,26,9): | -0.0006 | |
| Directional Movement: | -8.2205 | |
| AROON (14): | -78.5714 | |
| DEMA (21): | 0.6467 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.6517 | |
| Elder Ray (13): | -0.0013 | |
| Super Trend (3,10): | 0.6502 | |
| Zig ZAG (10): | 0.6456 | |
| VORTEX (21): | 0.9579 | |
| Stochastique (14,3,5): | 20.72 | |
| TEMA (21): | 0.6462 | |
| Williams %R (14): | -83.64 | |
| Chande Momentum Oscillator (20): | -0.0041 | |
| Repulse (5,40,3): | -0.0875 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0031 | |
| Courbe Coppock: | 1.02 |
| MA7: | 0.6497 | |
| MA20: | 0.6471 | |
| MA50: | 0.6394 | |
| MA100: | 0.6358 | |
| MAexp7: | 0.6464 | |
| MAexp20: | 0.6473 | |
| MAexp50: | 0.6480 | |
| MAexp100: | 0.6490 | |
| Price / MA7: | -0.62% | |
| Price / MA20: | -0.22% | |
| Price / MA50: | +0.99% | |
| Price / MA100: | +1.56% | |
| Price / MAexp7: | -0.11% | |
| Price / MAexp20: | -0.25% | |
| Price / MAexp50: | -0.35% | |
| Price / MAexp100: | -0.51% |
Quotes :
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Real time data
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Forex
This member declared not having a position on this financial instrument or a related financial instrument.
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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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