Londinia Opportunities Analyses - 06/17/2021 (GMT) DKK/CZK - 1H
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
- FX/Indices
- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 3.4224 CZK
My targets
3.4535 CZK (+0.0215)
3.4645 CZK (+0.0325)
My analysis
DKK/CZK is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 3.4224 CZK. The next resistance located at 3.4535 CZK is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 3.4645 CZK. After this resistance, buyers could then target 3.5030 CZK. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.8
Analysis too old. There are no more charts available.
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Additional analysis
Quotes
DKK/CZK rating 3.4320 CZK. On the day, this instrument gained +0.07% and was between 3.4230 CZK and 3.4349 CZK. This implies that the price is at +0.26% from its lowest and at -0.08% from its highest.3.4230
3.4349
3.4320
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/CZK:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of DKK/CZK indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, according to the parameters integrated into the Central Analyzer system, 15 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 3.4128 | 3.4224 | 3.4314 | 3.4320 | 3.4535 | 3.5030 | 3.5315 |
| Change (%) | -0.56% | -0.28% | -0.02% | - | +0.63% | +2.07% | +2.90% |
| Change | -0.0192 | -0.0096 | -0.0006 | - | +0.0215 | +0.0710 | +0.0995 |
| Level | Intermediate | Major | Intermediate | - | Intermediate | Major | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.4074 | 3.4125 | 3.4211 | 3.4262 | 3.4348 | 3.4399 | 3.4485 |
| Camarilla | 3.4258 | 3.4271 | 3.4283 | 3.4296 | 3.4309 | 3.4321 | 3.4334 |
| Woodie | 3.4091 | 3.4134 | 3.4228 | 3.4271 | 3.4365 | 3.4408 | 3.4502 |
| Fibonacci | 3.4125 | 3.4178 | 3.4210 | 3.4262 | 3.4315 | 3.4347 | 3.4399 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.3760 | 3.3871 | 3.4010 | 3.4121 | 3.4260 | 3.4371 | 3.4510 |
| Camarilla | 3.4079 | 3.4102 | 3.4125 | 3.4148 | 3.4171 | 3.4194 | 3.4217 |
| Woodie | 3.3773 | 3.3878 | 3.4023 | 3.4128 | 3.4273 | 3.4378 | 3.4523 |
| Fibonacci | 3.3871 | 3.3967 | 3.4026 | 3.4121 | 3.4217 | 3.4276 | 3.4371 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.3235 | 3.3682 | 3.3940 | 3.4387 | 3.4645 | 3.5092 | 3.5350 |
| Camarilla | 3.4005 | 3.4070 | 3.4134 | 3.4199 | 3.4264 | 3.4328 | 3.4393 |
| Woodie | 3.3142 | 3.3635 | 3.3847 | 3.4340 | 3.4552 | 3.5045 | 3.5257 |
| Fibonacci | 3.3682 | 3.3951 | 3.4117 | 3.4387 | 3.4656 | 3.4822 | 3.5092 |
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): | 65.89 | |
| MACD (12,26,9): | 0.0017 | |
| Directional Movement: | 7.3147 | |
| AROON (14): | 57.1429 | |
| DEMA (21): | 3.4314 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.4256 | |
| Elder Ray (13): | 0.0026 | |
| Super Trend (3,10): | 3.4215 | |
| Zig ZAG (10): | 3.4338 | |
| VORTEX (21): | 1.1072 | |
| Stochastique (14,3,5): | 80.23 | |
| TEMA (21): | 3.4314 | |
| Williams %R (14): | -19.33 | |
| Chande Momentum Oscillator (20): | 0.0036 | |
| Repulse (5,40,3): | 0.0740 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0055 | |
| Courbe Coppock: | 0.10 |
| MA7: | 3.4203 | |
| MA20: | 3.4207 | |
| MA50: | 3.4467 | |
| MA100: | 3.4735 | |
| MAexp7: | 3.4301 | |
| MAexp20: | 3.4291 | |
| MAexp50: | 3.4262 | |
| MAexp100: | 3.4232 | |
| Price / MA7: | +0.34% | |
| Price / MA20: | +0.33% | |
| Price / MA50: | -0.43% | |
| Price / MA100: | -1.19% | |
| Price / MAexp7: | +0.06% | |
| Price / MAexp20: | +0.08% | |
| Price / MAexp50: | +0.17% | |
| Price / MAexp100: | +0.26% |
Quotes :
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Real time data
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Forex