DKK/PLN - 1H - Technical analysis published on 10/27/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
89%
6%
6%
My opinion
Bullish above 0.5990 PLN
My targets
0.6008 PLN (+0.0011)
0.6039 PLN (+0.0042)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on DKK/PLN as long as the price remains well above 0.5990 PLN. The buyers' bullish objective is set at 0.6008 PLN. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.6039 PLN. If there is any crossing, the next objective would be the resistance located at 0.6179 PLN.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
6.3
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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 0.5997 PLN. The price registered an increase of +0.57% on the session with the lowest point at 0.5962 PLN and the highest point at 0.5997 PLN. The deviation from the price is +0.59% for the low point and 0% for the high point.0.5962
0.5997
0.5997
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 bullish trend. The signals returned by the moving averages are 67.86% bullish. This bullish trend is reinforced by the strong 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, 16 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
MACD indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
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 resistance of channel
Type : Bearish
Timeframe : 1 hour
Near support of triangle
Type : Bullish
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 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.5965 | 0.5980 | 0.5990 | 0.5997 | 0.6008 | 0.6039 | 0.6179 |
| Change (%) | -0.53% | -0.28% | -0.12% | - | +0.18% | +0.70% | +3.03% |
| Change | -0.0032 | -0.0017 | -0.0007 | - | +0.0011 | +0.0042 | +0.0182 |
| Level | Minor | Minor | Major | - | Minor | 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 | 0.5893 | 0.5925 | 0.5944 | 0.5976 | 0.5995 | 0.6027 | 0.6046 |
| Camarilla | 0.5949 | 0.5954 | 0.5958 | 0.5963 | 0.5968 | 0.5972 | 0.5977 |
| Woodie | 0.5887 | 0.5922 | 0.5938 | 0.5973 | 0.5989 | 0.6024 | 0.6040 |
| Fibonacci | 0.5925 | 0.5945 | 0.5957 | 0.5976 | 0.5996 | 0.6008 | 0.6027 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.5779 | 0.5844 | 0.5910 | 0.5975 | 0.6041 | 0.6106 | 0.6172 |
| Camarilla | 0.5939 | 0.5951 | 0.5963 | 0.5975 | 0.5987 | 0.5999 | 0.6011 |
| Woodie | 0.5779 | 0.5844 | 0.5910 | 0.5975 | 0.6041 | 0.6106 | 0.6172 |
| Fibonacci | 0.5844 | 0.5894 | 0.5925 | 0.5975 | 0.6025 | 0.6056 | 0.6106 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 62.57 | |
| MACD (12,26,9): | 0.0001 | |
| Directional Movement: | 17.5837 | |
| AROON (14): | 85.7143 | |
| DEMA (21): | 0.5975 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.5964 | |
| Elder Ray (13): | 0.0014 | |
| Super Trend (3,10): | 0.5964 | |
| Zig ZAG (10): | 0.5992 | |
| VORTEX (21): | 1.1618 | |
| Stochastique (14,3,5): | 85.57 | |
| TEMA (21): | 0.5979 | |
| Williams %R (14): | -14.71 | |
| Chande Momentum Oscillator (20): | 0.0028 | |
| Repulse (5,40,3): | 0.2942 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0087 | |
| Courbe Coppock: | 0.39 |
| MA7: | 0.5978 | |
| MA20: | 0.6053 | |
| MA50: | 0.6094 | |
| MA100: | 0.6032 | |
| MAexp7: | 0.5981 | |
| MAexp20: | 0.5977 | |
| MAexp50: | 0.5980 | |
| MAexp100: | 0.5981 | |
| Price / MA7: | +0.32% | |
| Price / MA20: | -0.93% | |
| Price / MA50: | -1.59% | |
| Price / MA100: | -0.58% | |
| Price / MAexp7: | +0.27% | |
| Price / MAexp20: | +0.33% | |
| Price / MAexp50: | +0.28% | |
| Price / MAexp100: | +0.27% |
Quotes :
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Real time data
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Forex
This member declared not having a position on this financial instrument or a related financial instrument.
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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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