DKK/HUF - 1H - Technical analysis published on 12/19/2023 (GMT)
- 156
- 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:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
39%
28%
33%
My opinion
Bullish above 51.440 HUF
My targets
51.777 HUF (+0.191)
52.215 HUF (+0.629)
My analysis
The bullish trend is currently very strong on DKK/HUF. As long as the price remains above the support at 51.440 HUF, you could try to benefit from the boom. The first bullish objective is located at 51.777 HUF. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 52.215 HUF as an objective. Crossing it would then enable buyers to target 52.696 HUF. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
6.4
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/HUF price is 51.586 HUF. The price has increased by +0.00% since the last closing and was traded between 51.567 HUF and 51.595 HUF over the period. The price is currently at +0.04% from its lowest and -0.02% from its highest.51.567
51.595
51.586
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 year)
Type : Bearish
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/HUF chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Aroon indicator bearish trend
Type : Bearish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
The presence of these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:
Doji
Type : Neutral
Timeframe : 1 hour
Bearish engulfing lines
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 51.182 | 51.351 | 51.440 | 51.586 | 51.777 | 52.215 | 52.696 |
| Change (%) | -0.78% | -0.46% | -0.28% | - | +0.37% | +1.22% | +2.15% |
| Change | -0.404 | -0.235 | -0.146 | - | +0.191 | +0.629 | +1.110 |
| Level | Minor | Minor | Intermediate | - | Minor | 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 | 50.514 | 50.795 | 51.191 | 51.472 | 51.868 | 52.149 | 52.545 |
| Camarilla | 51.402 | 51.464 | 51.526 | 51.588 | 51.650 | 51.712 | 51.774 |
| Woodie | 50.573 | 50.824 | 51.250 | 51.501 | 51.927 | 52.178 | 52.604 |
| Fibonacci | 50.795 | 51.053 | 51.213 | 51.472 | 51.730 | 51.890 | 52.149 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 50.133 | 50.432 | 50.898 | 51.197 | 51.663 | 51.962 | 52.428 |
| Camarilla | 51.153 | 51.223 | 51.293 | 51.363 | 51.433 | 51.503 | 51.573 |
| Woodie | 50.216 | 50.474 | 50.981 | 51.239 | 51.746 | 52.004 | 52.511 |
| Fibonacci | 50.432 | 50.725 | 50.905 | 51.197 | 51.490 | 51.670 | 51.962 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 49.276 | 49.811 | 50.411 | 50.946 | 51.546 | 52.081 | 52.681 |
| Camarilla | 50.700 | 50.804 | 50.908 | 51.012 | 51.116 | 51.220 | 51.324 |
| Woodie | 49.310 | 49.827 | 50.445 | 50.962 | 51.580 | 52.097 | 52.715 |
| Fibonacci | 49.811 | 50.244 | 50.512 | 50.946 | 51.379 | 51.647 | 52.081 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 60.48 | |
| MACD (12,26,9): | 0.0700 | |
| Directional Movement: | 7.270 | |
| AROON (14): | -57.142 | |
| DEMA (21): | 51.632 | |
| Parabolic SAR (0,02-0,02-0,2): | 51.714 | |
| Elder Ray (13): | 0.021 | |
| Super Trend (3,10): | 51.384 | |
| Zig ZAG (10): | 51.589 | |
| VORTEX (21): | 1.1810 | |
| Stochastique (14,3,5): | 29.45 | |
| TEMA (21): | 51.616 | |
| Williams %R (14): | -70.61 | |
| Chande Momentum Oscillator (20): | -0.120 | |
| Repulse (5,40,3): | 0.0680 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0250 | |
| Courbe Coppock: | 0.25 |
| MA7: | 51.283 | |
| MA20: | 51.077 | |
| MA50: | 51.123 | |
| MA100: | 51.471 | |
| MAexp7: | 51.577 | |
| MAexp20: | 51.526 | |
| MAexp50: | 51.377 | |
| MAexp100: | 51.262 | |
| Price / MA7: | +0.59% | |
| Price / MA20: | +1.00% | |
| Price / MA50: | +0.91% | |
| Price / MA100: | +0.22% | |
| Price / MAexp7: | +0.02% | |
| Price / MAexp20: | +0.12% | |
| Price / MAexp50: | +0.41% | |
| Price / MAexp100: | +0.63% |
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/HUF - 1H