DKK/PLN - 1H - Technical analysis published on 04/25/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
44%
22%
33%
My opinion
Bearish under 0.6195 PLN
My targets
0.6123 PLN (-0.0047)
0.6079 PLN (-0.0091)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 0.6195 PLN remains possible. It is advisable to trade DKK/PLN with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 0.6195 PLN. The next bearish objective for sellers is set at 0.6123 PLN. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.6079 PLN. In case of crossing, the next objective would be the support located at 0.6039 PLN. PS: if there is a bullish break in the resistance located at 0.6195 PLN we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
2.5
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Additional analysis
Quotes
DKK/PLN rating 0.6170 PLN. The price registered a decrease of -0.02% on the session and was between 0.6150 PLN and 0.6180 PLN. This implies that the price is at +0.33% from its lowest and at -0.16% from its highest.0.6150
0.6180
0.6170
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of DKK/PLN in 1H shows an overall bearish trend. The signals given by moving averages are 75.00% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 8 are bullish, 6 are neutral and 4 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | R1 | Price | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.5652 | 0.5883 | 0.6039 | 0.6170 | 0.6170 | 0.6195 | 0.6219 |
| Change (%) | -8.40% | -4.65% | -2.12% | 0% | - | +0.41% | +0.79% |
| Change | -0.0518 | -0.0287 | -0.0131 | 0 | - | +0.0025 | +0.0049 |
| Level | Minor | Intermediate | Major | Major | - | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.6132 | 0.6150 | 0.6160 | 0.6178 | 0.6188 | 0.6206 | 0.6216 |
| Camarilla | 0.6163 | 0.6166 | 0.6168 | 0.6171 | 0.6174 | 0.6176 | 0.6179 |
| Woodie | 0.6129 | 0.6148 | 0.6157 | 0.6176 | 0.6185 | 0.6204 | 0.6213 |
| Fibonacci | 0.6150 | 0.6160 | 0.6167 | 0.6178 | 0.6188 | 0.6195 | 0.6206 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.6079 | 0.6123 | 0.6152 | 0.6196 | 0.6225 | 0.6269 | 0.6298 |
| Camarilla | 0.6162 | 0.6169 | 0.6175 | 0.6182 | 0.6189 | 0.6195 | 0.6202 |
| Woodie | 0.6073 | 0.6119 | 0.6146 | 0.6192 | 0.6219 | 0.6265 | 0.6292 |
| Fibonacci | 0.6123 | 0.6151 | 0.6168 | 0.6196 | 0.6224 | 0.6241 | 0.6269 |
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): | 47.80 | |
| MACD (12,26,9): | -0.0004 | |
| Directional Movement: | -0.4221 | |
| AROON (14): | -50.0000 | |
| DEMA (21): | 0.6162 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.6168 | |
| Elder Ray (13): | 0 | |
| Super Trend (3,10): | 0.6172 | |
| Zig ZAG (10): | 0.6167 | |
| VORTEX (21): | 0.9504 | |
| Stochastique (14,3,5): | 50.00 | |
| TEMA (21): | 0.6161 | |
| Williams %R (14): | -43.33 | |
| Chande Momentum Oscillator (20): | -0.0011 | |
| Repulse (5,40,3): | 0.0934 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0095 | |
| Courbe Coppock: | 0.30 |
| MA7: | 0.6188 | |
| MA20: | 0.6242 | |
| MA50: | 0.6291 | |
| MA100: | 0.6304 | |
| MAexp7: | 0.6164 | |
| MAexp20: | 0.6167 | |
| MAexp50: | 0.6173 | |
| MAexp100: | 0.6182 | |
| Price / MA7: | -0.29% | |
| Price / MA20: | -1.15% | |
| Price / MA50: | -1.92% | |
| Price / MA100: | -2.13% | |
| Price / MAexp7: | +0.10% | |
| Price / MAexp20: | +0.05% | |
| Price / MAexp50: | -0.05% | |
| Price / MAexp100: | -0.19% |
Quotes :
-
Real time data
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Forex
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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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