DKK/PLN - 1H - Technical analysis published on 07/05/2023 (GMT)
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- 0
- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bearish
Technical indicators
39%
22%
39%
My opinion
Neutral between 0.5940 PLN and 0.5971 PLN
My targets
-
My analysis
The current short-term bullish thrust is in contrast to the bearish trend. DKK/PLN is apparently trying to reverse the trend. The return to a neutral and then bullish trend should not be long in coming if the current rebound continues. What is currently happening on DKK/PLN essentials for the price to rebound like this? In such a situation, it would be possible to stay away from DKK/PLN or not try to counterbalance this current rebound in the short term. If there is a purchase, the buyers could use the resistance located at 0.5971 PLN as an objective. Buyers would then use the next resistance located at 0.5990 PLN as an objective. Crossing it would then enable buyers to target 0.6018 PLN. Attention should be paid to the price reaction at the start of the resistance as trend traders may consider resuming sales if the basic trend has not been able to ease or if the short term has itself become excessive.
In the very short term, the neutral opinion of this analysis is confirmed by technical indicators which are also neutral.
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Additional analysis
Quotes
The DKK/PLN price is 0.5956 PLN. On the day, this instrument lost -0.02% and was traded between 0.5945 PLN and 0.5961 PLN over the period. The price is currently at +0.19% from its lowest and -0.08% from its highest.0.5945
0.5961
0.5956
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by DKK/PLN:
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 1H of this DKK/PLN chart shows a bearish trend. 64.29% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages indicate that this trend could quickly be called into question. A phase of indecision or a reversal of the trend could occur. An assessment of moving averages reveals several bullish signals that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : 1 hour
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:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
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 | 0.5927 | 0.5940 | 0.5955 | 0.5956 | 0.5971 | 0.5990 | 0.6018 |
| Change (%) | -0.49% | -0.27% | -0.02% | - | +0.25% | +0.57% | +1.04% |
| Change | -0.0029 | -0.0016 | -0.0001 | - | +0.0015 | +0.0034 | +0.0062 |
| Level | Minor | Major | Intermediate | - | Major | Minor | Minor |
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 | 0.5900 | 0.5914 | 0.5935 | 0.5949 | 0.5970 | 0.5984 | 0.6005 |
| Camarilla | 0.5947 | 0.5951 | 0.5954 | 0.5957 | 0.5960 | 0.5963 | 0.5967 |
| Woodie | 0.5905 | 0.5916 | 0.5940 | 0.5951 | 0.5975 | 0.5986 | 0.6010 |
| Fibonacci | 0.5914 | 0.5927 | 0.5935 | 0.5949 | 0.5962 | 0.5970 | 0.5984 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.5841 | 0.5891 | 0.5932 | 0.5982 | 0.6023 | 0.6073 | 0.6114 |
| Camarilla | 0.5949 | 0.5957 | 0.5966 | 0.5974 | 0.5982 | 0.5991 | 0.5999 |
| Woodie | 0.5838 | 0.5889 | 0.5929 | 0.5980 | 0.6020 | 0.6071 | 0.6111 |
| Fibonacci | 0.5891 | 0.5925 | 0.5947 | 0.5982 | 0.6016 | 0.6038 | 0.6073 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.5730 | 0.5832 | 0.5903 | 0.6005 | 0.6076 | 0.6178 | 0.6249 |
| Camarilla | 0.5926 | 0.5942 | 0.5958 | 0.5974 | 0.5990 | 0.6006 | 0.6022 |
| Woodie | 0.5715 | 0.5824 | 0.5888 | 0.5997 | 0.6061 | 0.6170 | 0.6234 |
| Fibonacci | 0.5832 | 0.5898 | 0.5939 | 0.6005 | 0.6071 | 0.6112 | 0.6178 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 52.76 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | 5.7476 | |
| AROON (14): | 42.8571 | |
| DEMA (21): | 0.5951 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.5962 | |
| Elder Ray (13): | 0.0003 | |
| Super Trend (3,10): | 0.5938 | |
| Zig ZAG (10): | 0.5954 | |
| VORTEX (21): | 1.1575 | |
| Stochastique (14,3,5): | 47.93 | |
| TEMA (21): | 0.5953 | |
| Williams %R (14): | -47.06 | |
| Chande Momentum Oscillator (20): | -0.0002 | |
| Repulse (5,40,3): | 0.0633 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0007 | |
| Courbe Coppock: | 0.27 |
| MA7: | 0.5969 | |
| MA20: | 0.5972 | |
| MA50: | 0.6039 | |
| MA100: | 0.6162 | |
| MAexp7: | 0.5952 | |
| MAexp20: | 0.5951 | |
| MAexp50: | 0.5953 | |
| MAexp100: | 0.5959 | |
| Price / MA7: | -0.22% | |
| Price / MA20: | -0.27% | |
| Price / MA50: | -1.37% | |
| Price / MA100: | -3.34% | |
| Price / MAexp7: | +0.07% | |
| Price / MAexp20: | +0.08% | |
| Price / MAexp50: | +0.05% | |
| Price / MAexp100: | -0.05% |
Quotes :
-
Real time data
-
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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