AUD/CZK - 1H - Technical analysis published on 06/06/2023 (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 bullish
Underlying:
Strongly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 14.63 CZK
My targets
14.76 CZK (+0.06)
14.92 CZK (+0.22)
My analysis
The bullish trend is currently very strong on AUD/CZK. As long as the price remains above the support at 14.63 CZK, you could try to benefit from the boom. The first bullish objective is located at 14.76 CZK. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 14.92 CZK as an objective. Crossing it would then enable buyers to target 15.03 CZK. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8.6
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
AUD/CZK rating 14.70 CZK. On the day, this instrument gained +1.10% with the lowest point at 14.52 CZK and the highest point at 14.72 CZK. The deviation from the price is +1.24% for the low point and -0.14% for the high point.14.52
14.72
14.70
A study of price movements over other periods shows the following variations:
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 LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of AUD/CZK in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals 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 increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 80
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 2
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 a result that can have an impact on the price change:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 14.55 | 14.59 | 14.63 | 14.70 | 15.03 | 15.59 | 16.40 |
| Change (%) | -1.02% | -0.75% | -0.48% | - | +2.24% | +6.05% | +11.56% |
| Change | -0.15 | -0.11 | -0.07 | - | +0.33 | +0.89 | +1.70 |
| Level | Minor | Intermediate | Major | - | 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 | 14.37 | 14.44 | 14.49 | 14.56 | 14.61 | 14.68 | 14.73 |
| Camarilla | 14.51 | 14.52 | 14.53 | 14.54 | 14.55 | 14.56 | 14.57 |
| Woodie | 14.36 | 14.44 | 14.48 | 14.56 | 14.60 | 14.68 | 14.72 |
| Fibonacci | 14.44 | 14.49 | 14.51 | 14.56 | 14.61 | 14.63 | 14.68 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14.17 | 14.26 | 14.42 | 14.51 | 14.67 | 14.76 | 14.92 |
| Camarilla | 14.51 | 14.53 | 14.56 | 14.58 | 14.60 | 14.63 | 14.65 |
| Woodie | 14.21 | 14.28 | 14.46 | 14.53 | 14.71 | 14.78 | 14.96 |
| Fibonacci | 14.26 | 14.36 | 14.42 | 14.51 | 14.61 | 14.67 | 14.76 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 13.52 | 13.80 | 14.12 | 14.40 | 14.72 | 15.00 | 15.32 |
| Camarilla | 14.27 | 14.32 | 14.38 | 14.43 | 14.49 | 14.54 | 14.60 |
| Woodie | 13.53 | 13.81 | 14.13 | 14.41 | 14.73 | 15.01 | 15.33 |
| Fibonacci | 13.80 | 14.03 | 14.17 | 14.40 | 14.63 | 14.77 | 15.00 |
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): | 80.91 | |
| MACD (12,26,9): | 0.0400 | |
| Directional Movement: | 25.42 | |
| AROON (14): | 85.71 | |
| DEMA (21): | 14.69 | |
| Parabolic SAR (0,02-0,02-0,2): | 14.62 | |
| Elder Ray (13): | 0.05 | |
| Super Trend (3,10): | 14.62 | |
| Zig ZAG (10): | 14.71 | |
| VORTEX (21): | 1.2600 | |
| Stochastique (14,3,5): | 92.98 | |
| TEMA (21): | 14.71 | |
| Williams %R (14): | -5.26 | |
| Chande Momentum Oscillator (20): | 0.09 | |
| Repulse (5,40,3): | 0.2400 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0300 | |
| Courbe Coppock: | 1.81 |
| MA7: | 14.51 | |
| MA20: | 14.50 | |
| MA50: | 14.39 | |
| MA100: | 14.76 | |
| MAexp7: | 14.69 | |
| MAexp20: | 14.64 | |
| MAexp50: | 14.59 | |
| MAexp100: | 14.55 | |
| Price / MA7: | +1.31% | |
| Price / MA20: | +1.38% | |
| Price / MA50: | +2.15% | |
| Price / MA100: | -0.41% | |
| Price / MAexp7: | +0.07% | |
| Price / MAexp20: | +0.41% | |
| Price / MAexp50: | +0.75% | |
| Price / MAexp100: | +1.03% |
Quotes :
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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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