DKK/HUF - 1H - Technical analysis published on 08/09/2024 (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%
33%
33%
My opinion
Bearish under 53.214 HUF
My targets
52.941 HUF (-0.135)
52.764 HUF (-0.312)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on DKK/HUF as long as the price remains well below 53.214 HUF. The sellers' bearish objective is set at 52.941 HUF. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 52.764 HUF. In case of crossing, the next objective would be the support located at 52.563 HUF. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
6.1
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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/HUF price is 53.076 HUF. The price is lower by -0.01% since the last closing with the lowest point at 53.051 HUF and the highest point at 53.096 HUF. The deviation from the price is +0.05% for the low point and -0.04% for the high point.53.051
53.096
53.076
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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/HUF chart shows a sharp bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
On the 18 technical indicators analysed, 6 are bullish, 6 are neutral and 6 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near support of channel
Type : Bullish
Timeframe : 1 hour
Near support of triangle
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 52.764 | 52.941 | 53.048 | 53.076 | 53.214 | 53.416 | 53.512 |
| Change (%) | -0.59% | -0.25% | -0.05% | - | +0.26% | +0.64% | +0.82% |
| Change | -0.312 | -0.135 | -0.028 | - | +0.138 | +0.340 | +0.436 |
| Level | Minor | Minor | Major | - | Minor | Intermediate | 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 | 52.690 | 52.868 | 52.975 | 53.153 | 53.260 | 53.438 | 53.545 |
| Camarilla | 53.004 | 53.030 | 53.056 | 53.082 | 53.108 | 53.134 | 53.160 |
| Woodie | 52.655 | 52.850 | 52.940 | 53.135 | 53.225 | 53.420 | 53.510 |
| Fibonacci | 52.868 | 52.977 | 53.044 | 53.153 | 53.262 | 53.329 | 53.438 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 51.524 | 51.901 | 52.597 | 52.974 | 53.670 | 54.047 | 54.743 |
| Camarilla | 52.997 | 53.095 | 53.194 | 53.292 | 53.390 | 53.489 | 53.587 |
| Woodie | 51.683 | 51.981 | 52.756 | 53.054 | 53.829 | 54.127 | 54.902 |
| Fibonacci | 51.901 | 52.311 | 52.564 | 52.974 | 53.384 | 53.637 | 54.047 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 51.158 | 51.633 | 52.221 | 52.696 | 53.284 | 53.759 | 54.347 |
| Camarilla | 52.516 | 52.613 | 52.711 | 52.808 | 52.905 | 53.003 | 53.100 |
| Woodie | 51.214 | 51.661 | 52.277 | 52.724 | 53.340 | 53.787 | 54.403 |
| Fibonacci | 51.633 | 52.039 | 52.290 | 52.696 | 53.102 | 53.353 | 53.759 |
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): | 37.05 | |
| MACD (12,26,9): | -0.0430 | |
| Directional Movement: | -9.295 | |
| AROON (14): | -35.714 | |
| DEMA (21): | 53.061 | |
| Parabolic SAR (0,02-0,02-0,2): | 53.141 | |
| Elder Ray (13): | -0.030 | |
| Super Trend (3,10): | 53.215 | |
| Zig ZAG (10): | 53.078 | |
| VORTEX (21): | 0.8450 | |
| Stochastique (14,3,5): | 24.84 | |
| TEMA (21): | 53.053 | |
| Williams %R (14): | -79.63 | |
| Chande Momentum Oscillator (20): | -0.028 | |
| Repulse (5,40,3): | -0.0020 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0130 | |
| Courbe Coppock: | 0.13 |
| MA7: | 53.193 | |
| MA20: | 52.762 | |
| MA50: | 52.826 | |
| MA100: | 52.585 | |
| MAexp7: | 53.080 | |
| MAexp20: | 53.120 | |
| MAexp50: | 53.186 | |
| MAexp100: | 53.190 | |
| Price / MA7: | -0.22% | |
| Price / MA20: | +0.60% | |
| Price / MA50: | +0.47% | |
| Price / MA100: | +0.93% | |
| Price / MAexp7: | -0.01% | |
| Price / MAexp20: | -0.09% | |
| Price / MAexp50: | -0.21% | |
| Price / MAexp100: | -0.22% |
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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