DKK/PLN - 1H - Technical analysis published on 07/18/2022 (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
39%
28%
33%
My opinion
Bearish under 0.6450 PLN
My targets
0.6405 PLN (-0.0018)
0.6391 PLN (-0.0032)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on DKK/PLN as long as the price remains well below 0.6450 PLN. The sellers' bearish objective is set at 0.6405 PLN. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.6391 PLN. In case of crossing, the next objective would be the support located at 0.6373 PLN. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
5.7
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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/PLN price is 0.6423 PLN. The price is lower by -0.02% since the last closing and was between 0.6413 PLN and 0.6434 PLN. This implies that the price is at +0.16% from its lowest and at -0.17% from its highest.0.6413
0.6434
0.6423
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
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 (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of DKK/PLN indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
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 detector scanner for these technical indicators recently detected a signal:
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near horizontal support
Type : Bullish
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 | 0.6391 | 0.6405 | 0.6421 | 0.6423 | 0.6450 | 0.6480 | 0.6508 |
| Change (%) | -0.50% | -0.28% | -0.03% | - | +0.42% | +0.89% | +1.32% |
| Change | -0.0032 | -0.0018 | -0.0002 | - | +0.0027 | +0.0057 | +0.0085 |
| Level | Intermediate | Intermediate | Minor | - | Intermediate | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.6318 | 0.6361 | 0.6393 | 0.6436 | 0.6468 | 0.6511 | 0.6543 |
| Camarilla | 0.6403 | 0.6410 | 0.6417 | 0.6424 | 0.6431 | 0.6438 | 0.6445 |
| Woodie | 0.6312 | 0.6358 | 0.6387 | 0.6433 | 0.6462 | 0.6508 | 0.6537 |
| Fibonacci | 0.6361 | 0.6390 | 0.6408 | 0.6436 | 0.6465 | 0.6483 | 0.6511 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.6263 | 0.6334 | 0.6379 | 0.6450 | 0.6495 | 0.6566 | 0.6611 |
| Camarilla | 0.6392 | 0.6403 | 0.6413 | 0.6424 | 0.6435 | 0.6445 | 0.6456 |
| Woodie | 0.6250 | 0.6328 | 0.6366 | 0.6444 | 0.6482 | 0.6560 | 0.6598 |
| Fibonacci | 0.6334 | 0.6378 | 0.6406 | 0.6450 | 0.6494 | 0.6522 | 0.6566 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.5932 | 0.6033 | 0.6177 | 0.6278 | 0.6422 | 0.6523 | 0.6667 |
| Camarilla | 0.6254 | 0.6276 | 0.6299 | 0.6321 | 0.6344 | 0.6366 | 0.6388 |
| Woodie | 0.5954 | 0.6044 | 0.6199 | 0.6289 | 0.6444 | 0.6534 | 0.6689 |
| Fibonacci | 0.6033 | 0.6127 | 0.6184 | 0.6278 | 0.6372 | 0.6429 | 0.6523 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 40.19 | |
| MACD (12,26,9): | -0.0007 | |
| Directional Movement: | -11.5986 | |
| AROON (14): | 28.5714 | |
| DEMA (21): | 0.6420 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.6411 | |
| Elder Ray (13): | -0.0004 | |
| Super Trend (3,10): | 0.6445 | |
| Zig ZAG (10): | 0.6425 | |
| VORTEX (21): | 0.8308 | |
| Stochastique (14,3,5): | 52.38 | |
| TEMA (21): | 0.6422 | |
| Williams %R (14): | -47.62 | |
| Chande Momentum Oscillator (20): | -0.0006 | |
| Repulse (5,40,3): | -0.0327 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0220 | |
| Courbe Coppock: | 0.08 |
| MA7: | 0.6451 | |
| MA20: | 0.6370 | |
| MA50: | 0.6280 | |
| MA100: | 0.6298 | |
| MAexp7: | 0.6426 | |
| MAexp20: | 0.6431 | |
| MAexp50: | 0.6446 | |
| MAexp100: | 0.6452 | |
| Price / MA7: | -0.43% | |
| Price / MA20: | +0.83% | |
| Price / MA50: | +2.28% | |
| Price / MA100: | +1.98% | |
| Price / MAexp7: | -0.05% | |
| Price / MAexp20: | -0.12% | |
| Price / MAexp50: | -0.36% | |
| Price / MAexp100: | -0.45% |
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.
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