DKK/CZK - 1H - Technical analysis published on 08/26/2024 (GMT)
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I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
50%
6%
44%
My opinion
Bearish under 3.3630 CZK
My targets
3.3385 CZK (-0.0192)
3.3161 CZK (-0.0416)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 3.3630 CZK remains possible. It is advisable to trade DKK/CZK with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 3.3630 CZK. The next bearish objective for sellers is set at 3.3385 CZK. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 3.3161 CZK. In case of crossing, the next objective would be the support located at 3.2913 CZK. PS: if there is a bullish break in the resistance located at 3.3630 CZK we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
1.8
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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 price is 3.3577 CZK. The price is lower by -0.02% since the last closing and was between 3.3503 CZK and 3.3593 CZK. This implies that the price is at +0.22% from its lowest and at -0.05% from its highest.3.3503
3.3593
3.3577
A bearish gap was detected at the opening by the Central Gaps scanner. There are a lot of sellers and they have the upper hand in the very short term.
Opening Gap DOWN
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
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this DKK/CZK chart shows a bearish trend. The signals given by moving averages are 75.00% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
In fact, only 9 technical indicators out of 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near support of triangle
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 | 3.3161 | 3.3385 | 3.3549 | 3.3577 | 3.3630 | 3.3667 | 3.3746 |
| Change (%) | -1.24% | -0.57% | -0.08% | - | +0.16% | +0.27% | +0.50% |
| Change | -0.0416 | -0.0192 | -0.0028 | - | +0.0053 | +0.0090 | +0.0169 |
| Level | Intermediate | Minor | Intermediate | - | Minor | Major | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.3459 | 3.3503 | 3.3543 | 3.3587 | 3.3627 | 3.3671 | 3.3711 |
| Camarilla | 3.3561 | 3.3569 | 3.3576 | 3.3584 | 3.3592 | 3.3599 | 3.3607 |
| Woodie | 3.3458 | 3.3502 | 3.3542 | 3.3586 | 3.3626 | 3.3670 | 3.3710 |
| Fibonacci | 3.3503 | 3.3535 | 3.3555 | 3.3587 | 3.3619 | 3.3639 | 3.3671 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.3254 | 3.3400 | 3.3492 | 3.3638 | 3.3730 | 3.3876 | 3.3968 |
| Camarilla | 3.3519 | 3.3540 | 3.3562 | 3.3584 | 3.3606 | 3.3628 | 3.3650 |
| Woodie | 3.3227 | 3.3387 | 3.3465 | 3.3625 | 3.3703 | 3.3863 | 3.3941 |
| Fibonacci | 3.3400 | 3.3491 | 3.3547 | 3.3638 | 3.3729 | 3.3785 | 3.3876 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.3012 | 3.3249 | 3.3659 | 3.3896 | 3.4306 | 3.4543 | 3.4953 |
| Camarilla | 3.3891 | 3.3950 | 3.4010 | 3.4069 | 3.4128 | 3.4188 | 3.4247 |
| Woodie | 3.3099 | 3.3292 | 3.3746 | 3.3939 | 3.4393 | 3.4586 | 3.5040 |
| Fibonacci | 3.3249 | 3.3496 | 3.3649 | 3.3896 | 3.4143 | 3.4296 | 3.4543 |
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): | 50.29 | |
| MACD (12,26,9): | -0.0010 | |
| Directional Movement: | -4.1915 | |
| AROON (14): | 7.1429 | |
| DEMA (21): | 3.3559 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.3504 | |
| Elder Ray (13): | 0.0001 | |
| Super Trend (3,10): | 3.3623 | |
| Zig ZAG (10): | 3.3575 | |
| VORTEX (21): | 0.8797 | |
| Stochastique (14,3,5): | 70.74 | |
| TEMA (21): | 3.3558 | |
| Williams %R (14): | -15.56 | |
| Chande Momentum Oscillator (20): | 0.0011 | |
| Repulse (5,40,3): | 0.0753 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0051 | |
| Courbe Coppock: | 0.08 |
| MA7: | 3.3648 | |
| MA20: | 3.3796 | |
| MA50: | 3.3765 | |
| MA100: | 3.3590 | |
| MAexp7: | 3.3566 | |
| MAexp20: | 3.3573 | |
| MAexp50: | 3.3593 | |
| MAexp100: | 3.3625 | |
| Price / MA7: | -0.21% | |
| Price / MA20: | -0.65% | |
| Price / MA50: | -0.56% | |
| Price / MA100: | -0.04% | |
| Price / MAexp7: | +0.03% | |
| Price / MAexp20: | +0.01% | |
| Price / MAexp50: | -0.05% | |
| Price / MAexp100: | -0.14% |
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.
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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