DKK/CZK - 1H - Technical analysis published on 11/11/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
50%
6%
44%
My opinion
Bearish under 3.3893 CZK
My targets
3.3798 CZK (-0.0061)
3.3747 CZK (-0.0112)
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 3.3893 CZK, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 3.3798 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 3.3747 CZK as an objective. Crossing it would then enable sellers to target 3.3522 CZK. If the resistance 3.3893 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
1.4
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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 3.3859 CZK. On the day, this instrument lost -0.02% and was traded between 3.3835 CZK and 3.3877 CZK over the period. The price is currently at +0.07% from its lowest and -0.05% from its highest.3.3835
3.3877
3.3859
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
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 LOW record (1st january)
Type : Bearish
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 bearish trend. The signals given by moving averages are 71.43% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators shows a slightly bullish signal.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:
RSI indicator is back under 50
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 | 3.3747 | 3.3798 | 3.3828 | 3.3859 | 3.3893 | 3.4033 | 3.4068 |
| Change (%) | -0.33% | -0.18% | -0.09% | - | +0.10% | +0.51% | +0.62% |
| Change | -0.0112 | -0.0061 | -0.0031 | - | +0.0034 | +0.0174 | +0.0209 |
| Level | Intermediate | Intermediate | Minor | - | Major | Major | 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 | 3.3713 | 3.3755 | 3.3810 | 3.3852 | 3.3907 | 3.3949 | 3.4004 |
| Camarilla | 3.3837 | 3.3846 | 3.3855 | 3.3864 | 3.3873 | 3.3882 | 3.3891 |
| Woodie | 3.3719 | 3.3758 | 3.3816 | 3.3855 | 3.3913 | 3.3952 | 3.4010 |
| Fibonacci | 3.3755 | 3.3792 | 3.3815 | 3.3852 | 3.3889 | 3.3912 | 3.3949 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.3399 | 3.3599 | 3.3731 | 3.3931 | 3.4063 | 3.4263 | 3.4395 |
| Camarilla | 3.3773 | 3.3803 | 3.3834 | 3.3864 | 3.3894 | 3.3925 | 3.3955 |
| Woodie | 3.3366 | 3.3582 | 3.3698 | 3.3914 | 3.4030 | 3.4246 | 3.4362 |
| Fibonacci | 3.3599 | 3.3726 | 3.3804 | 3.3931 | 3.4058 | 3.4136 | 3.4263 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.3379 | 3.3541 | 3.3743 | 3.3905 | 3.4107 | 3.4269 | 3.4471 |
| Camarilla | 3.3844 | 3.3877 | 3.3911 | 3.3944 | 3.3977 | 3.4011 | 3.4044 |
| Woodie | 3.3398 | 3.3551 | 3.3762 | 3.3915 | 3.4126 | 3.4279 | 3.4490 |
| Fibonacci | 3.3541 | 3.3680 | 3.3766 | 3.3905 | 3.4044 | 3.4130 | 3.4269 |
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): | 49.33 | |
| MACD (12,26,9): | -0.0003 | |
| Directional Movement: | 0.2820 | |
| AROON (14): | 28.5714 | |
| DEMA (21): | 3.3853 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.3832 | |
| Elder Ray (13): | 0.0004 | |
| Super Trend (3,10): | 3.3913 | |
| Zig ZAG (10): | 3.3861 | |
| VORTEX (21): | 0.9944 | |
| Stochastique (14,3,5): | 68.05 | |
| TEMA (21): | 3.3865 | |
| Williams %R (14): | -38.20 | |
| Chande Momentum Oscillator (20): | 0.0018 | |
| Repulse (5,40,3): | 0.0041 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0028 | |
| Courbe Coppock: | 0.17 |
| MA7: | 3.3929 | |
| MA20: | 3.3904 | |
| MA50: | 3.3812 | |
| MA100: | 3.3799 | |
| MAexp7: | 3.3862 | |
| MAexp20: | 3.3859 | |
| MAexp50: | 3.3881 | |
| MAexp100: | 3.3910 | |
| Price / MA7: | -0.21% | |
| Price / MA20: | -0.13% | |
| Price / MA50: | +0.14% | |
| Price / MA100: | +0.18% | |
| Price / MAexp7: | -0.01% | |
| Price / MAexp20: | +0.00% | |
| Price / MAexp50: | -0.06% | |
| Price / MAexp100: | -0.15% |
Quotes :
-
Real time data
-
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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