Londinia Opportunities Analyses - 07/25/2024 (GMT) DKK/PLN - 1H
- FX/Indices
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
72%
0%
28%
My opinion
Bullish above 0.5755 PLN
My targets
0.5796 PLN (+0.0029)
0.5827 PLN (+0.0060)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on DKK/PLN as long as the price remains well above 0.5755 PLN. The buyers' bullish objective is set at 0.5796 PLN. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.5827 PLN. If there is any crossing, the next objective would be the resistance located at 0.5900 PLN. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.4
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Additional analysis
Quotes
The DKK/PLN rating is 0.5767 PLN. On the day, this instrument gained +0.16% and was between 0.5754 PLN and 0.5768 PLN. This implies that the price is at +0.23% from its lowest and at -0.02% from its highest.0.5754
0.5768
0.5767
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of DKK/PLN indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish 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.
In fact, 13 technical indicators on 18 studied are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | R1 | Price | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.5729 | 0.5745 | 0.5755 | 0.5767 | 0.5767 | 0.5796 | 0.5827 |
| Change (%) | -0.66% | -0.38% | -0.21% | 0% | - | +0.50% | +1.04% |
| Change | -0.0038 | -0.0022 | -0.0012 | 0 | - | +0.0029 | +0.0060 |
| Level | Intermediate | Minor | Minor | Intermediate | - | Intermediate | Minor |
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 | 0.5706 | 0.5719 | 0.5738 | 0.5751 | 0.5770 | 0.5783 | 0.5802 |
| Camarilla | 0.5749 | 0.5752 | 0.5755 | 0.5758 | 0.5761 | 0.5764 | 0.5767 |
| Woodie | 0.5710 | 0.5721 | 0.5742 | 0.5753 | 0.5774 | 0.5785 | 0.5806 |
| Fibonacci | 0.5719 | 0.5731 | 0.5738 | 0.5751 | 0.5763 | 0.5770 | 0.5783 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.5625 | 0.5659 | 0.5700 | 0.5734 | 0.5775 | 0.5809 | 0.5850 |
| Camarilla | 0.5721 | 0.5728 | 0.5735 | 0.5742 | 0.5749 | 0.5756 | 0.5763 |
| Woodie | 0.5630 | 0.5661 | 0.5705 | 0.5736 | 0.5780 | 0.5811 | 0.5855 |
| Fibonacci | 0.5659 | 0.5687 | 0.5705 | 0.5734 | 0.5762 | 0.5780 | 0.5809 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.5567 | 0.5646 | 0.5715 | 0.5794 | 0.5863 | 0.5942 | 0.6011 |
| Camarilla | 0.5743 | 0.5757 | 0.5770 | 0.5784 | 0.5798 | 0.5811 | 0.5825 |
| Woodie | 0.5562 | 0.5644 | 0.5710 | 0.5792 | 0.5858 | 0.5940 | 0.6006 |
| Fibonacci | 0.5646 | 0.5703 | 0.5738 | 0.5794 | 0.5851 | 0.5886 | 0.5942 |
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): | 62.60 | |
| MACD (12,26,9): | 0.0006 | |
| Directional Movement: | 5.1427 | |
| AROON (14): | 64.2857 | |
| DEMA (21): | 0.5766 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.5755 | |
| Elder Ray (13): | 0.0002 | |
| Super Trend (3,10): | 0.5750 | |
| Zig ZAG (10): | 0.5765 | |
| VORTEX (21): | 1.1600 | |
| Stochastique (14,3,5): | 83.33 | |
| TEMA (21): | 0.5767 | |
| Williams %R (14): | -22.22 | |
| Chande Momentum Oscillator (20): | 0.0006 | |
| Repulse (5,40,3): | 0.0734 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0153 | |
| Courbe Coppock: | 0.25 |
| MA7: | 0.5748 | |
| MA20: | 0.5742 | |
| MA50: | 0.5755 | |
| MA100: | 0.5762 | |
| MAexp7: | 0.5763 | |
| MAexp20: | 0.5758 | |
| MAexp50: | 0.5750 | |
| MAexp100: | 0.5745 | |
| Price / MA7: | +0.33% | |
| Price / MA20: | +0.44% | |
| Price / MA50: | +0.21% | |
| Price / MA100: | +0.09% | |
| Price / MAexp7: | +0.07% | |
| Price / MAexp20: | +0.16% | |
| Price / MAexp50: | +0.30% | |
| Price / MAexp100: | +0.38% |
Quotes :
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Real time data
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Forex