DKK/CZK - 1H - Technical analysis published on 09/09/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
11%
39%
50%
My opinion
Bearish under 3.3588 CZK
My targets
3.3385 CZK (-0.0160)
3.3246 CZK (-0.0299)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on DKK/CZK as long as the price remains well below 3.3588 CZK. The sellers' bearish objective 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 3.3246 CZK. In case of crossing, the next objective would be the support located at 3.2915 CZK. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
7
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
DKK/CZK rating 3.3545 CZK. The price registered a decrease of -0.01% on the session and was between 3.3515 CZK and 3.3575 CZK. This implies that the price is at +0.09% from its lowest and at -0.09% from its highest.3.3515
3.3575
3.3545
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
A study of price movements over other periods shows the following variations:
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
A technical analysis in 1H of this DKK/CZK chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The probability of a further decline is low given the direction of the technical indicators.
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 a result that can have an impact on the price change:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 3.3246 | 3.3385 | 3.3522 | 3.3545 | 3.3556 | 3.3588 | 3.3687 |
| Change (%) | -0.89% | -0.48% | -0.07% | - | +0.03% | +0.13% | +0.42% |
| Change | -0.0299 | -0.0160 | -0.0023 | - | +0.0011 | +0.0043 | +0.0142 |
| Level | Major | Minor | Major | - | Intermediate | Intermediate | Minor |
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 | 3.3412 | 3.3456 | 3.3501 | 3.3545 | 3.3590 | 3.3634 | 3.3679 |
| Camarilla | 3.3523 | 3.3531 | 3.3539 | 3.3547 | 3.3555 | 3.3563 | 3.3572 |
| Woodie | 3.3414 | 3.3456 | 3.3503 | 3.3545 | 3.3592 | 3.3634 | 3.3681 |
| Fibonacci | 3.3456 | 3.3490 | 3.3511 | 3.3545 | 3.3579 | 3.3600 | 3.3634 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.3280 | 3.3390 | 3.3468 | 3.3578 | 3.3656 | 3.3766 | 3.3844 |
| Camarilla | 3.3495 | 3.3513 | 3.3530 | 3.3547 | 3.3564 | 3.3582 | 3.3599 |
| Woodie | 3.3265 | 3.3382 | 3.3453 | 3.3570 | 3.3641 | 3.3758 | 3.3829 |
| Fibonacci | 3.3390 | 3.3462 | 3.3506 | 3.3578 | 3.3650 | 3.3694 | 3.3766 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.2583 | 3.3041 | 3.3305 | 3.3763 | 3.4027 | 3.4485 | 3.4749 |
| Camarilla | 3.3371 | 3.3437 | 3.3503 | 3.3569 | 3.3635 | 3.3701 | 3.3768 |
| Woodie | 3.2486 | 3.2993 | 3.3208 | 3.3715 | 3.3930 | 3.4437 | 3.4652 |
| Fibonacci | 3.3041 | 3.3317 | 3.3487 | 3.3763 | 3.4039 | 3.4209 | 3.4485 |
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): | 48.18 | |
| MACD (12,26,9): | -0.0002 | |
| Directional Movement: | -3.1769 | |
| AROON (14): | -7.1429 | |
| DEMA (21): | 3.3546 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.3571 | |
| Elder Ray (13): | -0.0004 | |
| Super Trend (3,10): | 3.3485 | |
| Zig ZAG (10): | 3.3543 | |
| VORTEX (21): | 1.0295 | |
| Stochastique (14,3,5): | 39.03 | |
| TEMA (21): | 3.3546 | |
| Williams %R (14): | -59.70 | |
| Chande Momentum Oscillator (20): | -0.0009 | |
| Repulse (5,40,3): | 0.0136 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0007 | |
| Courbe Coppock: | 0.02 |
| MA7: | 3.3574 | |
| MA20: | 3.3626 | |
| MA50: | 3.3792 | |
| MA100: | 3.3555 | |
| MAexp7: | 3.3545 | |
| MAexp20: | 3.3549 | |
| MAexp50: | 3.3557 | |
| MAexp100: | 3.3567 | |
| Price / MA7: | -0.09% | |
| Price / MA20: | -0.24% | |
| Price / MA50: | -0.73% | |
| Price / MA100: | -0.03% | |
| Price / MAexp7: | -0% | |
| Price / MAexp20: | -0.01% | |
| Price / MAexp50: | -0.04% | |
| Price / MAexp100: | -0.07% |
Quotes :
-
Real time data
-
Forex
This member declared not having a position on this financial instrument or a related financial instrument.
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