EUR/CZK - 1H - Technical analysis published on 08/08/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Slightly bullish
Technical indicators
28%
33%
39%
My opinion
Neutral between 24.1416 CZK and 24.2591 CZK
My targets
-
My analysis
A slightly bullish trend and a neutral short term. With such a pattern, it is difficult to favour buying or selling. The first resistance is located at 24.2591 CZK. The first support is located at 24.1416 CZK. A very slight advantage is given by the slightly bullish basic trend so that the resistance is reached first, but should we take this into account? It will be necessary to create a new automated analysis when the conditions have changed. This may be the case, for example, when the first resistance has been broken above or the first support has been broken below.
In the very short term, the neutral opinion of this analysis is confirmed by technical indicators which are also neutral.
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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 EUR/CZK rating is 24.2305 CZK. On the day, this instrument lost -0.01% with the lowest point at 24.2244 CZK and the highest point at 24.2494 CZK. The deviation from the price is +0.03% for the low point and -0.08% for the high point.24.2244
24.2494
24.2305
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 LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of EUR/CZK in 1H shows an overall slightly bullish trend. Only 60.71% of the signals given by moving averages are bullish. This slightly bullish trend could return to neutral given the neutral signals also given by short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : 1 hour
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Bearish engulfing lines
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 24.0036 | 24.1416 | 24.2150 | 24.2305 | 24.2591 | 24.3002 | 24.4022 |
| Change (%) | -0.94% | -0.37% | -0.06% | - | +0.12% | +0.29% | +0.71% |
| Change | -0.2269 | -0.0889 | -0.0155 | - | +0.0286 | +0.0697 | +0.1717 |
| Level | Major | Minor | Minor | - | Intermediate | Minor | Major |
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 | 24.0961 | 24.1435 | 24.1903 | 24.2377 | 24.2845 | 24.3319 | 24.3787 |
| Camarilla | 24.2111 | 24.2197 | 24.2284 | 24.2370 | 24.2456 | 24.2543 | 24.2629 |
| Woodie | 24.0957 | 24.1434 | 24.1899 | 24.2376 | 24.2841 | 24.3318 | 24.3783 |
| Fibonacci | 24.1435 | 24.1795 | 24.2018 | 24.2377 | 24.2737 | 24.2960 | 24.3319 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 23.5065 | 23.6728 | 23.9677 | 24.1340 | 24.4289 | 24.5952 | 24.8901 |
| Camarilla | 24.1359 | 24.1782 | 24.2204 | 24.2627 | 24.3050 | 24.3473 | 24.3895 |
| Woodie | 23.5709 | 23.7050 | 24.0321 | 24.1662 | 24.4933 | 24.6274 | 24.9545 |
| Fibonacci | 23.6728 | 23.8490 | 23.9578 | 24.1340 | 24.3102 | 24.4190 | 24.5952 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 23.1633 | 23.4274 | 23.6576 | 23.9217 | 24.1519 | 24.4160 | 24.6462 |
| Camarilla | 23.7518 | 23.7971 | 23.8424 | 23.8877 | 23.9330 | 23.9783 | 24.0236 |
| Woodie | 23.1463 | 23.4189 | 23.6406 | 23.9132 | 24.1349 | 24.4075 | 24.6292 |
| Fibonacci | 23.4274 | 23.6163 | 23.7329 | 23.9217 | 24.1106 | 24.2272 | 24.4160 |
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): | 45.55 | |
| MACD (12,26,9): | -0.0012 | |
| Directional Movement: | 1.0956 | |
| AROON (14): | -21.4286 | |
| DEMA (21): | 24.2364 | |
| Parabolic SAR (0,02-0,02-0,2): | 24.2273 | |
| Elder Ray (13): | 0.0029 | |
| Super Trend (3,10): | 24.2146 | |
| Zig ZAG (10): | 24.2308 | |
| VORTEX (21): | 1.0468 | |
| Stochastique (14,3,5): | 60.77 | |
| TEMA (21): | 24.2298 | |
| Williams %R (14): | -54.30 | |
| Chande Momentum Oscillator (20): | -0.0038 | |
| Repulse (5,40,3): | -0.0376 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0013 | |
| Courbe Coppock: | 0.04 |
| MA7: | 24.1097 | |
| MA20: | 23.9972 | |
| MA50: | 23.8353 | |
| MA100: | 23.6861 | |
| MAexp7: | 24.2359 | |
| MAexp20: | 24.2379 | |
| MAexp50: | 24.2231 | |
| MAexp100: | 24.1726 | |
| Price / MA7: | +0.50% | |
| Price / MA20: | +0.97% | |
| Price / MA50: | +1.66% | |
| Price / MA100: | +2.30% | |
| Price / MAexp7: | -0.02% | |
| Price / MAexp20: | -0.03% | |
| Price / MAexp50: | +0.03% | |
| Price / MAexp100: | +0.24% |
Quotes :
-
Real time data
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Forex
News
Don't forget to follow the news on EUR/CZK. At the time of publication of this analysis, the latest news was as follows:
Tensions Could Impact EUR/CZKThis 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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