DKK/PLN - 1H - Technical analysis published on 08/06/2024 (GMT)
- 144
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
22%
44%
33%
My opinion
Bullish above 0.5754 PLN
My targets
0.5788 PLN (+0.0026)
0.5796 PLN (+0.0034)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on DKK/PLN. As long as you are above the support located at 0.5754 PLN, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 0.5788 PLN would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 0.5796 PLN as an objective. Crossing it would then enable buyers to target 0.5827 PLN. If the support 0.5754 PLN were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
1.8
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 price is 0.5762 PLN. The price is lower by -0.02% since the last closing with the lowest point at 0.5759 PLN and the highest point at 0.5768 PLN. The deviation from the price is +0.05% for the low point and -0.10% for the high point.0.5759
0.5768
0.5762
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by DKK/PLN:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of DKK/PLN indicates that the overall trend is bullish. The signals given by moving averages are 67.86% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
On the 18 technical indicators analysed, 4 are bullish, 6 are neutral and 8 are bearish. The Central Indicators scanner specialised in technical indicators, has not detected anything further.
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 resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.5723 | 0.5737 | 0.5754 | 0.5762 | 0.5765 | 0.5788 | 0.5796 |
| Change (%) | -0.68% | -0.43% | -0.14% | - | +0.05% | +0.45% | +0.59% |
| Change | -0.0039 | -0.0025 | -0.0008 | - | +0.0003 | +0.0026 | +0.0034 |
| Level | Intermediate | Intermediate | Minor | - | Major | Intermediate | 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 | 0.5705 | 0.5726 | 0.5745 | 0.5766 | 0.5785 | 0.5806 | 0.5825 |
| Camarilla | 0.5752 | 0.5756 | 0.5759 | 0.5763 | 0.5767 | 0.5770 | 0.5774 |
| Woodie | 0.5703 | 0.5726 | 0.5743 | 0.5766 | 0.5783 | 0.5806 | 0.5823 |
| Fibonacci | 0.5726 | 0.5742 | 0.5751 | 0.5766 | 0.5782 | 0.5791 | 0.5806 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.5680 | 0.5702 | 0.5726 | 0.5748 | 0.5772 | 0.5794 | 0.5818 |
| Camarilla | 0.5738 | 0.5743 | 0.5747 | 0.5751 | 0.5755 | 0.5759 | 0.5764 |
| Woodie | 0.5682 | 0.5703 | 0.5728 | 0.5749 | 0.5774 | 0.5795 | 0.5820 |
| Fibonacci | 0.5702 | 0.5719 | 0.5730 | 0.5748 | 0.5765 | 0.5776 | 0.5794 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.5575 | 0.5633 | 0.5691 | 0.5749 | 0.5807 | 0.5865 | 0.5923 |
| Camarilla | 0.5716 | 0.5727 | 0.5737 | 0.5748 | 0.5759 | 0.5769 | 0.5780 |
| Woodie | 0.5574 | 0.5633 | 0.5690 | 0.5749 | 0.5806 | 0.5865 | 0.5922 |
| Fibonacci | 0.5633 | 0.5678 | 0.5705 | 0.5749 | 0.5794 | 0.5821 | 0.5865 |
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): | 51.28 | |
| MACD (12,26,9): | 0.0001 | |
| Directional Movement: | 9.0037 | |
| AROON (14): | -28.5714 | |
| DEMA (21): | 0.5765 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.5771 | |
| Elder Ray (13): | -0.0001 | |
| Super Trend (3,10): | 0.5753 | |
| Zig ZAG (10): | 0.5765 | |
| VORTEX (21): | 1.0296 | |
| Stochastique (14,3,5): | 34.23 | |
| TEMA (21): | 0.5764 | |
| Williams %R (14): | -64.86 | |
| Chande Momentum Oscillator (20): | -0.0013 | |
| Repulse (5,40,3): | -0.0001 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0048 | |
| Courbe Coppock: | 0.30 |
| MA7: | 0.5757 | |
| MA20: | 0.5741 | |
| MA50: | 0.5762 | |
| MA100: | 0.5760 | |
| MAexp7: | 0.5764 | |
| MAexp20: | 0.5764 | |
| MAexp50: | 0.5761 | |
| MAexp100: | 0.5757 | |
| Price / MA7: | +0.09% | |
| Price / MA20: | +0.37% | |
| Price / MA50: | -0% | |
| Price / MA100: | +0.03% | |
| Price / MAexp7: | -0.03% | |
| Price / MAexp20: | -0.03% | |
| Price / MAexp50: | +0.02% | |
| Price / MAexp100: | +0.09% |
Quotes :
-
Real time data
-
Forex
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
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…
Add a comment
Comments
0 comments on the analysis DKK/PLN - 1H