DKK/HUF - 1H - Technical analysis published on 08/12/2024 (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:
Neutral
Underlying:
Bearish
Technical indicators
44%
17%
39%
My opinion
Bearish under 52.941 HUF
My targets
52.698 HUF (-0.107)
52.226 HUF (-0.579)
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/HUF. As long as you are under the resistance located at 52.941 HUF, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 52.698 HUF 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 52.226 HUF as an objective. Crossing it would then enable sellers to target 51.472 HUF. If the resistance 52.941 HUF 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
2.3
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 rating is 52.805 HUF. The price registered a decrease of -0.03% on the session and was between 52.631 HUF and 52.941 HUF. This implies that the price is at +0.33% from its lowest and at -0.26% from its highest.52.631
52.941
52.805
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by DKK/HUF:
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
Technical analysis of DKK/HUF in 1H shows an overall bearish trend. 75.00% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
In fact, only 8 technical indicators out of 18 studied are currently positioned bullish. Other results related to technical indicators were also found by the Central Indicators scanner:
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
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 support of channel
Type : Bullish
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 | 52.226 | 52.698 | 52.764 | 52.805 | 52.941 | 53.048 | 53.205 |
| Change (%) | -1.10% | -0.20% | -0.08% | - | +0.26% | +0.46% | +0.76% |
| Change | -0.579 | -0.107 | -0.041 | - | +0.136 | +0.243 | +0.400 |
| Level | Major | Minor | Intermediate | - | Minor | Major | Intermediate |
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 | 52.400 | 52.604 | 52.713 | 52.917 | 53.026 | 53.230 | 53.339 |
| Camarilla | 52.736 | 52.765 | 52.793 | 52.822 | 52.851 | 52.879 | 52.908 |
| Woodie | 52.353 | 52.580 | 52.666 | 52.893 | 52.979 | 53.206 | 53.292 |
| Fibonacci | 52.604 | 52.724 | 52.797 | 52.917 | 53.037 | 53.110 | 53.230 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 51.879 | 52.343 | 52.583 | 53.047 | 53.287 | 53.751 | 53.991 |
| Camarilla | 52.628 | 52.693 | 52.758 | 52.822 | 52.887 | 52.951 | 53.016 |
| Woodie | 51.766 | 52.287 | 52.470 | 52.991 | 53.174 | 53.695 | 53.878 |
| Fibonacci | 52.343 | 52.612 | 52.778 | 53.047 | 53.316 | 53.482 | 53.751 |
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): | 48.56 | |
| MACD (12,26,9): | -0.0590 | |
| Directional Movement: | -7.041 | |
| AROON (14): | -92.857 | |
| DEMA (21): | 52.704 | |
| Parabolic SAR (0,02-0,02-0,2): | 52.631 | |
| Elder Ray (13): | 0.007 | |
| Super Trend (3,10): | 52.863 | |
| Zig ZAG (10): | 52.796 | |
| VORTEX (21): | 0.8630 | |
| Stochastique (14,3,5): | 42.51 | |
| TEMA (21): | 52.704 | |
| Williams %R (14): | -20.39 | |
| Chande Momentum Oscillator (20): | -0.030 | |
| Repulse (5,40,3): | 0.1900 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0180 | |
| Courbe Coppock: | 0.46 |
| MA7: | 53.114 | |
| MA20: | 52.768 | |
| MA50: | 52.831 | |
| MA100: | 52.578 | |
| MAexp7: | 52.736 | |
| MAexp20: | 52.788 | |
| MAexp50: | 52.909 | |
| MAexp100: | 53.012 | |
| Price / MA7: | -0.58% | |
| Price / MA20: | +0.07% | |
| Price / MA50: | -0.05% | |
| Price / MA100: | +0.43% | |
| Price / MAexp7: | +0.13% | |
| Price / MAexp20: | +0.03% | |
| Price / MAexp50: | -0.20% | |
| Price / MAexp100: | -0.39% |
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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