DKK/PLN

- PLN (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Forex
Ticker:	DKKPLN
ISIN:

DKK/PLN - Daily - Technical analysis published on 11/29/2022 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

22%

39%

My opinion

Bearish under 0.6339 PLN

My targets

0.6268 PLN (-0.0032)

0.6170 PLN (-0.0130)

My analysis

DKK/PLN 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 0.6339 PLN. The next support located at 0.6268 PLN 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 0.6170 PLN. Below this support, sellers could then target 0.6039 PLN. 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 are neutral, but do not change the general bearish opinion of this analysis.

Force

5.9

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/PLN rating 0.6300 PLN. The price is lower by -0.02% since the last closing and was between 0.6285 PLN and 0.6303 PLN. This implies that the price is at +0.24% from its lowest and at -0.05% from its highest.

0.6285

0.6303

0.6300

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

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

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

A technical analysis in Daily of this DKK/PLN chart shows a sharp 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.

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 is oversold : under -100

Type : Neutral

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

The Central Indicators scanner found no further results concerning independent technical indicators.

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Near support of channel

Type : Bullish

Timeframe : Daily

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.6039	0.6170	0.6268	0.6300	0.6339	0.6419	0.6570
Change (%)	-4.14%	-2.06%	-0.51%	-	+0.62%	+1.89%	+4.29%
Change	-0.0261	-0.0130	-0.0032	-	+0.0039	+0.0119	+0.0270
Level	Major	Major	Intermediate	-	Major	Intermediate	Major

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	0.6242	0.6260	0.6281	0.6299	0.6320	0.6338	0.6359
Camarilla	0.6290	0.6294	0.6297	0.6301	0.6305	0.6308	0.6312
Woodie	0.6243	0.6261	0.6282	0.6300	0.6321	0.6339	0.6360
Fibonacci	0.6260	0.6275	0.6284	0.6299	0.6314	0.6323	0.6338

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.6239	0.6267	0.6287	0.6315	0.6335	0.6363	0.6383
Camarilla	0.6294	0.6298	0.6303	0.6307	0.6311	0.6316	0.6320
Woodie	0.6235	0.6265	0.6283	0.6313	0.6331	0.6361	0.6379
Fibonacci	0.6267	0.6285	0.6297	0.6315	0.6333	0.6345	0.6363

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.5993	0.6157	0.6246	0.6410	0.6499	0.6663	0.6752
Camarilla	0.6264	0.6288	0.6311	0.6334	0.6357	0.6380	0.6404
Woodie	0.5955	0.6138	0.6208	0.6391	0.6461	0.6644	0.6714
Fibonacci	0.6157	0.6254	0.6314	0.6410	0.6507	0.6567	0.6663

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):	40.57
MACD (12,26,9):	-0.0020
Directional Movement:	1.5189
AROON (14):	-57.1428
DEMA (21):	0.6300
Parabolic SAR (0,02-0,02-0,2):	0.6424
Elder Ray (13):	-0.0024
Super Trend (3,10):	0.6416
Zig ZAG (10):	0.6300
VORTEX (21):	0.9582
Stochastique (14,3,5):	15.33
TEMA (21):	0.6297
Williams %R (14):	-86.36
Chande Momentum Oscillator (20):	0.0004
Repulse (5,40,3):	-0.0157
ROCnROLL:	2
TRIX (15,9):	-0.0538
Courbe Coppock:	0.00

MA7:	0.6314
MA20:	0.6316
MA50:	0.6393
MA100:	0.6376
MAexp7:	0.6311
MAexp20:	0.6328
MAexp50:	0.6356
MAexp100:	0.6355
Price / MA7:	-0.22%
Price / MA20:	-0.25%
Price / MA50:	-1.45%
Price / MA100:	-1.19%
Price / MAexp7:	-0.17%
Price / MAexp20:	-0.44%
Price / MAexp50:	-0.88%
Price / MAexp100:	-0.87%

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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