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 04/19/2023 (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%

56%

22%

My opinion

Bearish under 0.6277 PLN

My targets

0.6170 PLN (-0.0058)

0.6039 PLN (-0.0189)

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 0.6277 PLN. The next support located at 0.6170 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 0.6039 PLN. Below this support, sellers could then target 0.5883 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

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.

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Additional analysis

Quotes

DKK/PLN rating 0.6228 PLN. On the day, this instrument gained +0.37% and was between 0.6204 PLN and 0.6228 PLN. This implies that the price is at +0.39% from its lowest and at 0% from its highest.

0.6204

0.6228

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 HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of DKK/PLN indicates that the overall trend is strongly bearish. 89.29% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:

Moving Average bearish crossovers : MA50 & MA100

Type : Bearish

Timeframe : Daily

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

Previous candle closed under Bollinger bands

Type : Neutral

Timeframe : Daily

RSI indicator: bullish divergence

Type : Bullish

Timeframe : Daily

The Central Indicators scanner found this result concerning these indicators:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Near support of channel

Type : Bullish

Timeframe : Daily

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.5883	0.6039	0.6170	0.6228	0.6277	0.6339	0.6375
Change (%)	-5.54%	-3.03%	-0.93%	-	+0.79%	+1.78%	+2.36%
Change	-0.0345	-0.0189	-0.0058	-	+0.0049	+0.0111	+0.0147
Level	Intermediate	Major	Intermediate	-	Major	Intermediate	Minor

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.6168	0.6181	0.6193	0.6206	0.6218	0.6231	0.6243
Camarilla	0.6198	0.6200	0.6203	0.6205	0.6207	0.6210	0.6212
Woodie	0.6168	0.6181	0.6193	0.6206	0.6218	0.6231	0.6243
Fibonacci	0.6181	0.6191	0.6197	0.6206	0.6216	0.6222	0.6231

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.6114	0.6164	0.6197	0.6247	0.6280	0.6330	0.6363
Camarilla	0.6206	0.6214	0.6221	0.6229	0.6237	0.6244	0.6252
Woodie	0.6105	0.6160	0.6188	0.6243	0.6271	0.6326	0.6354
Fibonacci	0.6164	0.6196	0.6216	0.6247	0.6279	0.6299	0.6330

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.6174	0.6219	0.6252	0.6297	0.6330	0.6375	0.6408
Camarilla	0.6265	0.6272	0.6279	0.6286	0.6293	0.6300	0.6308
Woodie	0.6169	0.6216	0.6247	0.6294	0.6325	0.6372	0.6403
Fibonacci	0.6219	0.6249	0.6267	0.6297	0.6327	0.6345	0.6375

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):	37.20
MACD (12,26,9):	-0.0024
Directional Movement:	-14.0776
AROON (14):	-57.1428
DEMA (21):	0.6231
Parabolic SAR (0,02-0,02-0,2):	0.6267
Elder Ray (13):	-0.0032
Super Trend (3,10):	0.6292
Zig ZAG (10):	0.6226
VORTEX (21):	0.8491
Stochastique (14,3,5):	16.59
TEMA (21):	0.6219
Williams %R (14):	-71.03
Chande Momentum Oscillator (20):	-0.0048
Repulse (5,40,3):	0.0534
ROCnROLL:	2
TRIX (15,9):	-0.0419
Courbe Coppock:	1.68

MA7:	0.6230
MA20:	0.6266
MA50:	0.6310
MA100:	0.6310
MAexp7:	0.6232
MAexp20:	0.6260
MAexp50:	0.6290
MAexp100:	0.6308
Price / MA7:	-0.03%
Price / MA20:	-0.61%
Price / MA50:	-1.30%
Price / MA100:	-1.30%
Price / MAexp7:	-0.06%
Price / MAexp20:	-0.51%
Price / MAexp50:	-0.99%
Price / MAexp100:	-1.27%

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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