DKK/PLN

- PLN (-)

- Real time data - Forex

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Type:	Forex
Ticker:	DKKPLN
ISIN:

DKK/PLN - Daily - Technical analysis published on 08/14/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

33%

39%

28%

My opinion

Bearish under 0.5989 PLN

My targets

0.5880 PLN (-0.0072)

0.5782 PLN (-0.0170)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on DKK/PLN as long as the price remains well below 0.5989 PLN. The sellers' bearish objective is set at 0.5880 PLN. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.5782 PLN. In case of crossing, the next objective would be the support located at 0.5652 PLN. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.

Force

6.3

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

The DKK/PLN rating is 0.5952 PLN. The price is lower by -0.02% since the last closing and was traded between 0.5948 PLN and 0.5958 PLN over the period. The price is currently at +0.07% from its lowest and -0.10% from its highest.

0.5948

0.5958

0.5952

A study of price movements over other periods shows the following variations:

The study of the highest / lowest by the Central Records scanner shows the following results:

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

Technical analysis of this Daily chart of DKK/PLN indicates that the overall trend is strongly bearish. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:

Bearish trend reversal : Moving Average 20

Type : Bearish

Timeframe : Daily

Bearish trend reversal : adaptative moving average 20

Type : Bearish

Timeframe : Daily

An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
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 which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.5782	0.5880	0.5939	0.5952	0.5989	0.6039	0.6170
Change (%)	-2.86%	-1.21%	-0.22%	-	+0.62%	+1.46%	+3.66%
Change	-0.0170	-0.0072	-0.0013	-	+0.0037	+0.0087	+0.0218
Level	Minor	Major	Major	-	Intermediate	Major	Intermediate

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	0.5887	0.5913	0.5933	0.5959	0.5979	0.6005	0.6025
Camarilla	0.5940	0.5945	0.5949	0.5953	0.5957	0.5961	0.5966
Woodie	0.5884	0.5912	0.5930	0.5958	0.5976	0.6004	0.6022
Fibonacci	0.5913	0.5931	0.5941	0.5959	0.5977	0.5987	0.6005

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.5832	0.5876	0.5915	0.5959	0.5998	0.6042	0.6081
Camarilla	0.5930	0.5938	0.5945	0.5953	0.5961	0.5968	0.5976
Woodie	0.5829	0.5875	0.5912	0.5958	0.5995	0.6041	0.6078
Fibonacci	0.5876	0.5908	0.5928	0.5959	0.5991	0.6011	0.6042

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.5716	0.5809	0.5860	0.5953	0.6004	0.6097	0.6148
Camarilla	0.5871	0.5885	0.5898	0.5911	0.5924	0.5937	0.5951
Woodie	0.5695	0.5799	0.5839	0.5943	0.5983	0.6087	0.6127
Fibonacci	0.5809	0.5864	0.5898	0.5953	0.6008	0.6042	0.6097

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	47.18
MACD (12,26,9):	-0.0004
Directional Movement:	0.0931
AROON (14):	50.0000
DEMA (21):	0.5954
Parabolic SAR (0,02-0,02-0,2):	0.5924
Elder Ray (13):	-0.0009
Super Trend (3,10):	0.6016
Zig ZAG (10):	0.5952
VORTEX (21):	0.9909
Stochastique (14,3,5):	48.37
TEMA (21):	0.5961
Williams %R (14):	-50.98
Chande Momentum Oscillator (20):	0.0029
Repulse (5,40,3):	-0.2848
ROCnROLL:	2
TRIX (15,9):	-0.0125
Courbe Coppock:	0.27

MA7:	0.5963
MA20:	0.5959
MA50:	0.5968
MA100:	0.6059
MAexp7:	0.5958
MAexp20:	0.5961
MAexp50:	0.5987
MAexp100:	0.6053
Price / MA7:	-0.18%
Price / MA20:	-0.12%
Price / MA50:	-0.27%
Price / MA100:	-1.77%
Price / MAexp7:	-0.10%
Price / MAexp20:	-0.15%
Price / MAexp50:	-0.58%
Price / MAexp100:	-1.67%

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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