DKK/PLN - 1H - Technical analysis published on 10/12/2023 (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:
Bearish
Underlying:
Strongly bearish
Technical indicators
28%
33%
39%
My opinion
Bearish under 0.6092 PLN
My targets
0.6039 PLN (-0.0029)
0.6007 PLN (-0.0061)
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 0.6092 PLN. Crossing the first support at 0.6039 PLN would be a sign of a further potential price plummet. Sellers would then use the next support located at 0.6007 PLN as an objective. Crossing it would then enable sellers to target 0.5956 PLN. Caution, a return to above the resistance located at 0.6092 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.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
5.2
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
DKK/PLN rating 0.6068 PLN. On the day, this instrument lost -0.02% and was between 0.6067 PLN and 0.6070 PLN. This implies that the price is at +0.02% from its lowest and at -0.03% from its highest.0.6067
0.6070
0.6068
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 LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of DKK/PLN indicates that the overall trend is strongly bearish. 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. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, of the 18 technical indicators analysed by Central Analyzer, 5 are bullish, 7 are neutral and 6 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.5911 | 0.5956 | 0.6039 | 0.6068 | 0.6092 | 0.6141 | 0.6204 |
| Change (%) | -2.59% | -1.85% | -0.48% | - | +0.40% | +1.20% | +2.24% |
| Change | -0.0157 | -0.0112 | -0.0029 | - | +0.0024 | +0.0073 | +0.0136 |
| Level | Major | Intermediate | Major | - | Intermediate | 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 | 0.6008 | 0.6030 | 0.6049 | 0.6071 | 0.6090 | 0.6112 | 0.6131 |
| Camarilla | 0.6058 | 0.6062 | 0.6065 | 0.6069 | 0.6073 | 0.6077 | 0.6080 |
| Woodie | 0.6008 | 0.6029 | 0.6049 | 0.6070 | 0.6090 | 0.6111 | 0.6131 |
| Fibonacci | 0.6030 | 0.6045 | 0.6055 | 0.6071 | 0.6086 | 0.6096 | 0.6112 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.6007 | 0.6070 | 0.6107 | 0.6170 | 0.6207 | 0.6270 | 0.6307 |
| Camarilla | 0.6116 | 0.6125 | 0.6134 | 0.6143 | 0.6152 | 0.6161 | 0.6171 |
| Woodie | 0.5993 | 0.6064 | 0.6093 | 0.6164 | 0.6193 | 0.6264 | 0.6293 |
| Fibonacci | 0.6070 | 0.6109 | 0.6132 | 0.6170 | 0.6209 | 0.6232 | 0.6270 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.5546 | 0.5716 | 0.5957 | 0.6127 | 0.6368 | 0.6538 | 0.6779 |
| Camarilla | 0.6085 | 0.6123 | 0.6160 | 0.6198 | 0.6236 | 0.6273 | 0.6311 |
| Woodie | 0.5582 | 0.5734 | 0.5993 | 0.6145 | 0.6404 | 0.6556 | 0.6815 |
| Fibonacci | 0.5716 | 0.5873 | 0.5970 | 0.6127 | 0.6284 | 0.6381 | 0.6538 |
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): | 41.82 | |
| MACD (12,26,9): | -0.0004 | |
| Directional Movement: | -4.5126 | |
| AROON (14): | 28.5714 | |
| DEMA (21): | 0.6064 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.6061 | |
| Elder Ray (13): | -0.0002 | |
| Super Trend (3,10): | 0.6083 | |
| Zig ZAG (10): | 0.6068 | |
| VORTEX (21): | 0.9634 | |
| Stochastique (14,3,5): | 50.26 | |
| TEMA (21): | 0.6067 | |
| Williams %R (14): | -71.43 | |
| Chande Momentum Oscillator (20): | -0.0005 | |
| Repulse (5,40,3): | -0.0144 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0136 | |
| Courbe Coppock: | 0.14 |
| MA7: | 0.6120 | |
| MA20: | 0.6175 | |
| MA50: | 0.6093 | |
| MA100: | 0.6038 | |
| MAexp7: | 0.6068 | |
| MAexp20: | 0.6071 | |
| MAexp50: | 0.6085 | |
| MAexp100: | 0.6108 | |
| Price / MA7: | -0.85% | |
| Price / MA20: | -1.73% | |
| Price / MA50: | -0.41% | |
| Price / MA100: | +0.50% | |
| Price / MAexp7: | -0% | |
| Price / MAexp20: | -0.05% | |
| Price / MAexp50: | -0.28% | |
| Price / MAexp100: | -0.65% |
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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