DKK/PLN - Daily - Technical analysis published on 01/03/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
44%
17%
39%
My opinion
Bearish under 0.6339 PLN
My targets
0.6215 PLN (-0.0064)
0.6170 PLN (-0.0109)
My analysis
The bearish basic trend is very strong on DKK/PLN but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 0.6339 PLN. Crossing the first support at 0.6215 PLN would be a sign of a further potential price plummet. Sellers would then use the next support located at 0.6170 PLN as an objective. Crossing it would then enable sellers to target 0.6039 PLN. Caution, a return to above the resistance located at 0.6339 PLN would be a sign of a possible consolidation phase of the short-term basic trend. 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.
In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
3.8
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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 0.6279 PLN. The price registered a decrease of -0.03% on the session and was traded between 0.6275 PLN and 0.6284 PLN over the period. The price is currently at +0.06% from its lowest and -0.08% from its highest.0.6275
0.6284
0.6279
A study of price movements over other periods shows the following variations:
Technical
A technical analysis in Daily of this DKK/PLN chart shows a sharp bearish trend. The signals given by moving averages are 85.71% bearish. This strongly bearish trend seems to be slowing down given the slightly bearish signals being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further increase is slight given the direction of the technical indicators.
No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 0.6170 | 0.6215 | 0.6278 | 0.6279 | 0.6339 | 0.6419 | 0.6495 |
| Change (%) | -1.74% | -1.02% | -0.02% | - | +0.96% | +2.23% | +3.44% |
| Change | -0.0109 | -0.0064 | -0.0001 | - | +0.0060 | +0.0140 | +0.0216 |
| Level | Intermediate | Minor | Major | - | Major | 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 | 0.6225 | 0.6249 | 0.6265 | 0.6289 | 0.6305 | 0.6329 | 0.6345 |
| Camarilla | 0.6270 | 0.6274 | 0.6277 | 0.6281 | 0.6285 | 0.6288 | 0.6292 |
| Woodie | 0.6221 | 0.6247 | 0.6261 | 0.6287 | 0.6301 | 0.6327 | 0.6341 |
| Fibonacci | 0.6249 | 0.6264 | 0.6274 | 0.6289 | 0.6304 | 0.6314 | 0.6329 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.6148 | 0.6191 | 0.6246 | 0.6289 | 0.6344 | 0.6387 | 0.6442 |
| Camarilla | 0.6273 | 0.6282 | 0.6291 | 0.6300 | 0.6309 | 0.6318 | 0.6327 |
| Woodie | 0.6153 | 0.6194 | 0.6251 | 0.6292 | 0.6349 | 0.6390 | 0.6447 |
| Fibonacci | 0.6191 | 0.6229 | 0.6252 | 0.6289 | 0.6327 | 0.6350 | 0.6387 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.6121 | 0.6177 | 0.6238 | 0.6294 | 0.6355 | 0.6411 | 0.6472 |
| Camarilla | 0.6268 | 0.6279 | 0.6289 | 0.6300 | 0.6311 | 0.6322 | 0.6332 |
| Woodie | 0.6125 | 0.6178 | 0.6242 | 0.6295 | 0.6359 | 0.6412 | 0.6476 |
| Fibonacci | 0.6177 | 0.6221 | 0.6249 | 0.6294 | 0.6338 | 0.6366 | 0.6411 |
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): | 49.03 | |
| MACD (12,26,9): | -0.0018 | |
| Directional Movement: | 2.5929 | |
| AROON (14): | -50.0000 | |
| DEMA (21): | 0.6264 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.6323 | |
| Elder Ray (13): | -0.0012 | |
| Super Trend (3,10): | 0.6343 | |
| Zig ZAG (10): | 0.6289 | |
| VORTEX (21): | 0.9503 | |
| Stochastique (14,3,5): | 24.83 | |
| TEMA (21): | 0.6263 | |
| Williams %R (14): | -46.79 | |
| Chande Momentum Oscillator (20): | -0.0013 | |
| Repulse (5,40,3): | 0.7128 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0350 | |
| Courbe Coppock: | 1.21 |
| MA7: | 0.6266 | |
| MA20: | 0.6291 | |
| MA50: | 0.6320 | |
| MA100: | 0.6358 | |
| MAexp7: | 0.6269 | |
| MAexp20: | 0.6288 | |
| MAexp50: | 0.6318 | |
| MAexp100: | 0.6333 | |
| Price / MA7: | +0.21% | |
| Price / MA20: | -0.19% | |
| Price / MA50: | -0.65% | |
| Price / MA100: | -1.24% | |
| Price / MAexp7: | +0.16% | |
| Price / MAexp20: | -0.14% | |
| Price / MAexp50: | -0.62% | |
| Price / MAexp100: | -0.85% |
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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