DKK/CZK - 1H - Technical analysis published on 02/21/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
33%
28%
39%
My opinion
Bearish under 3.4123 CZK
My targets
3.3956 CZK (-0.0096)
3.3898 CZK (-0.0154)
My analysis
The bearish trend is currently very strong for DKK/CZK. As long as the price remains below the resistance at 3.4123 CZK, you could try to take advantage of the bearish rally. The first bearish objective is located at 3.3956 CZK. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 3.3898 CZK as an objective. Crossing it would then enable sellers to target 3.3837 CZK. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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
The DKK/CZK rating is 3.4052 CZK. The price is lower by -0.01% since the last closing and was between 3.4049 CZK and 3.4063 CZK. This implies that the price is at +0.01% from its lowest and at -0.03% from its highest.3.4049
3.4063
3.4052
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
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 LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this DKK/CZK chart shows a sharp bearish trend. 85.71% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals 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, 6 are bullish, 7 are neutral and 5 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of 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 | 3.3837 | 3.3898 | 3.3956 | 3.4052 | 3.4076 | 3.4123 | 3.4195 |
| Change (%) | -0.63% | -0.45% | -0.28% | - | +0.07% | +0.21% | +0.42% |
| Change | -0.0215 | -0.0154 | -0.0096 | - | +0.0024 | +0.0071 | +0.0143 |
| Level | Intermediate | Intermediate | Major | - | Minor | Minor | 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 | 3.3795 | 3.3904 | 3.3979 | 3.4088 | 3.4163 | 3.4272 | 3.4347 |
| Camarilla | 3.4003 | 3.4020 | 3.4037 | 3.4054 | 3.4071 | 3.4088 | 3.4105 |
| Woodie | 3.3778 | 3.3896 | 3.3962 | 3.4080 | 3.4146 | 3.4264 | 3.4330 |
| Fibonacci | 3.3904 | 3.3974 | 3.4018 | 3.4088 | 3.4158 | 3.4202 | 3.4272 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.3438 | 3.3610 | 3.3886 | 3.4058 | 3.4334 | 3.4506 | 3.4782 |
| Camarilla | 3.4038 | 3.4079 | 3.4120 | 3.4161 | 3.4202 | 3.4243 | 3.4284 |
| Woodie | 3.3489 | 3.3636 | 3.3937 | 3.4084 | 3.4385 | 3.4532 | 3.4833 |
| Fibonacci | 3.3610 | 3.3782 | 3.3887 | 3.4058 | 3.4230 | 3.4335 | 3.4506 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.2271 | 3.2526 | 3.2910 | 3.3165 | 3.3549 | 3.3804 | 3.4188 |
| Camarilla | 3.3119 | 3.3178 | 3.3236 | 3.3295 | 3.3354 | 3.3412 | 3.3471 |
| Woodie | 3.2337 | 3.2558 | 3.2976 | 3.3197 | 3.3615 | 3.3836 | 3.4254 |
| Fibonacci | 3.2526 | 3.2770 | 3.2921 | 3.3165 | 3.3409 | 3.3560 | 3.3804 |
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): | 33.39 | |
| MACD (12,26,9): | -0.0028 | |
| Directional Movement: | -8.8387 | |
| AROON (14): | -50.0000 | |
| DEMA (21): | 3.4043 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.4063 | |
| Elder Ray (13): | -0.0010 | |
| Super Trend (3,10): | 3.4117 | |
| Zig ZAG (10): | 3.4053 | |
| VORTEX (21): | 0.7756 | |
| Stochastique (14,3,5): | 28.07 | |
| TEMA (21): | 3.4026 | |
| Williams %R (14): | -68.03 | |
| Chande Momentum Oscillator (20): | 0.0005 | |
| Repulse (5,40,3): | -0.0120 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0128 | |
| Courbe Coppock: | 0.49 |
| MA7: | 3.4072 | |
| MA20: | 3.3680 | |
| MA50: | 3.3297 | |
| MA100: | 3.3076 | |
| MAexp7: | 3.4054 | |
| MAexp20: | 3.4079 | |
| MAexp50: | 3.4106 | |
| MAexp100: | 3.4082 | |
| Price / MA7: | -0.06% | |
| Price / MA20: | +1.10% | |
| Price / MA50: | +2.27% | |
| Price / MA100: | +2.95% | |
| Price / MAexp7: | -0.01% | |
| Price / MAexp20: | -0.08% | |
| Price / MAexp50: | -0.16% | |
| Price / MAexp100: | -0.09% |
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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