DKK/CZK - 1H - Technical analysis published on 11/01/2023 (GMT)
- 173
- 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
50%
11%
39%
My opinion
Bearish under 3.2956 CZK
My targets
3.2851 CZK (-0.0067)
3.2638 CZK (-0.0280)
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/CZK. As long as you are under the resistance located at 3.2956 CZK, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 3.2851 CZK would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 3.2638 CZK as an objective. Crossing it would then enable sellers to target 3.2199 CZK. If the resistance 3.2956 CZK were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
1.3
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/CZK price is 3.2918 CZK. On the day, this instrument lost -0.01% and was traded between 3.2914 CZK and 3.2927 CZK over the period. The price is currently at +0.01% from its lowest and -0.03% from its highest.3.2914
3.2927
3.2918
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by DKK/CZK:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of DKK/CZK in 1H shows an overall bearish trend. 71.43% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators shows a slightly bullish signal.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near resistance of channel
Type : Bearish
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 | 3.2638 | 3.2851 | 3.2887 | 3.2918 | 3.2956 | 3.3052 | 3.3110 |
| Change (%) | -0.85% | -0.20% | -0.09% | - | +0.12% | +0.41% | +0.58% |
| Change | -0.0280 | -0.0067 | -0.0031 | - | +0.0038 | +0.0134 | +0.0192 |
| Level | Minor | Intermediate | Major | - | Major | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.2729 | 3.2790 | 3.2855 | 3.2916 | 3.2981 | 3.3042 | 3.3107 |
| Camarilla | 3.2885 | 3.2897 | 3.2909 | 3.2920 | 3.2932 | 3.2943 | 3.2955 |
| Woodie | 3.2731 | 3.2791 | 3.2857 | 3.2917 | 3.2983 | 3.3043 | 3.3109 |
| Fibonacci | 3.2790 | 3.2838 | 3.2868 | 3.2916 | 3.2964 | 3.2994 | 3.3042 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.2659 | 3.2782 | 3.2907 | 3.3030 | 3.3155 | 3.3278 | 3.3403 |
| Camarilla | 3.2963 | 3.2986 | 3.3008 | 3.3031 | 3.3054 | 3.3077 | 3.3099 |
| Woodie | 3.2659 | 3.2783 | 3.2907 | 3.3031 | 3.3155 | 3.3279 | 3.3403 |
| Fibonacci | 3.2782 | 3.2877 | 3.2936 | 3.3030 | 3.3125 | 3.3184 | 3.3278 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.2091 | 3.2353 | 3.2637 | 3.2899 | 3.3183 | 3.3445 | 3.3729 |
| Camarilla | 3.2770 | 3.2820 | 3.2870 | 3.2920 | 3.2970 | 3.3020 | 3.3070 |
| Woodie | 3.2101 | 3.2359 | 3.2647 | 3.2905 | 3.3193 | 3.3451 | 3.3739 |
| Fibonacci | 3.2353 | 3.2562 | 3.2691 | 3.2899 | 3.3108 | 3.3237 | 3.3445 |
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): | 51.39 | |
| MACD (12,26,9): | 0.0002 | |
| Directional Movement: | 11.3884 | |
| AROON (14): | 21.4285 | |
| DEMA (21): | 3.2914 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.2893 | |
| Elder Ray (13): | 0.0003 | |
| Super Trend (3,10): | 3.2843 | |
| Zig ZAG (10): | 3.2919 | |
| VORTEX (21): | 1.0608 | |
| Stochastique (14,3,5): | 53.70 | |
| TEMA (21): | 3.2928 | |
| Williams %R (14): | -46.03 | |
| Chande Momentum Oscillator (20): | -0.0013 | |
| Repulse (5,40,3): | -0.0164 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0003 | |
| Courbe Coppock: | 0.16 |
| MA7: | 3.2979 | |
| MA20: | 3.2971 | |
| MA50: | 3.2772 | |
| MA100: | 3.2442 | |
| MAexp7: | 3.2918 | |
| MAexp20: | 3.2913 | |
| MAexp50: | 3.2928 | |
| MAexp100: | 3.2960 | |
| Price / MA7: | -0.18% | |
| Price / MA20: | -0.16% | |
| Price / MA50: | +0.45% | |
| Price / MA100: | +1.47% | |
| Price / MAexp7: | -0% | |
| Price / MAexp20: | +0.02% | |
| Price / MAexp50: | -0.03% | |
| Price / MAexp100: | -0.13% |
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/CZK - 1H