DKK/HUF

- HUF (-)

- Real time data - Forex

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Change:	-
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Type:	Forex
Ticker:	DKKHUF
ISIN:

DKK/HUF - 1H - Technical analysis published on 09/19/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Bearish

Technical indicators

11%

61%

28%

My opinion

Bearish under 52.913 HUF

My targets

52.723 HUF (-0.119)

52.626 HUF (-0.216)

My analysis

In the short term, we can see an acceleration in the bearish trend on DKK/HUF, which is a positive signal for sellers. As long as the price remains above 52.913 HUF, a sale could be considered. The first bearish objective is located at 52.723 HUF. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 52.626 HUF as an objective. Crossing it would then enable sellers to target 52.215 HUF. If the price were to return above 52.913 HUF, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be risky.

In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.

Force

6.3

Comment on the analysis

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 52.842 HUF. The price is lower by -0.05% since the last closing and was traded between 52.807 HUF and 52.982 HUF over the period. The price is currently at +0.07% from its lowest and -0.26% from its highest.

52.807

52.982

52.842

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Records scanner for higher/lower results shows the following items:

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. The signals given by moving averages are 78.57% bearish. This bearish trend is reinforced 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.

The probability of a further decline is moderate given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found this result concerning these indicators:

MACD indicator is back under 0

Type : Bearish

Timeframe : 1 hour

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Near horizontal support

Type : Bullish

Timeframe : 1 hour

Support of channel is broken

Type : Bearish

Timeframe : 1 hour

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	52.626	52.723	52.796	52.842	52.858	52.913	52.968
Change (%)	-0.41%	-0.23%	-0.09%	-	+0.03%	+0.13%	+0.24%
Change	-0.216	-0.119	-0.046	-	+0.016	+0.071	+0.126
Level	Intermediate	Minor	Intermediate	-	Minor	Intermediate	Minor

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	52.657	52.727	52.798	52.868	52.939	53.009	53.080
Camarilla	52.831	52.844	52.857	52.870	52.883	52.896	52.909
Woodie	52.659	52.727	52.800	52.868	52.941	53.009	53.082
Fibonacci	52.727	52.781	52.814	52.868	52.922	52.955	53.009

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	52.120	52.428	52.677	52.985	53.234	53.542	53.791
Camarilla	52.772	52.823	52.874	52.925	52.976	53.027	53.078
Woodie	52.090	52.413	52.647	52.970	53.204	53.527	53.761
Fibonacci	52.428	52.641	52.773	52.985	53.198	53.330	53.542

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	51.296	51.902	52.301	52.907	53.306	53.912	54.311
Camarilla	52.425	52.517	52.609	52.701	52.793	52.885	52.977
Woodie	51.194	51.850	52.199	52.855	53.204	53.860	54.209
Fibonacci	51.902	52.286	52.523	52.907	53.291	53.528	53.912

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):	39.29
MACD (12,26,9):	-0.0030
Directional Movement:	-1.199
AROON (14):	-50.000
DEMA (21):	52.881
Parabolic SAR (0,02-0,02-0,2):	52.966
Elder Ray (13):	-0.042
Super Trend (3,10):	52.814
Zig ZAG (10):	52.834
VORTEX (21):	0.9840
Stochastique (14,3,5):	10.12
TEMA (21):	52.874
Williams %R (14):	-91.82
Chande Momentum Oscillator (20):	-0.026
Repulse (5,40,3):	-0.0960
ROCnROLL:	2
TRIX (15,9):	0.0020
Courbe Coppock:	0.02

MA7:	52.916
MA20:	52.841
MA50:	52.794
MA100:	52.629
MAexp7:	52.868
MAexp20:	52.882
MAexp50:	52.880
MAexp100:	52.892
Price / MA7:	-0.14%
Price / MA20:	+0.00%
Price / MA50:	+0.09%
Price / MA100:	+0.40%
Price / MAexp7:	-0.05%
Price / MAexp20:	-0.08%
Price / MAexp50:	-0.07%
Price / MAexp100:	-0.09%

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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