JPY/CZK - 1H - Technical analysis published on 12/14/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 0.1570 CZK
My targets
0.1587 CZK (+0.0005)
0.1603 CZK (+0.0021)
My analysis
JPY/CZK is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 0.1570 CZK. The next resistance located at 0.1587 CZK is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 0.1603 CZK. After this resistance, buyers could then target 0.1686 CZK. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.6
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The JPY/CZK price is 0.1582 CZK. The price registered an increase of +0.64% on the session with the lowest point at 0.1571 CZK and the highest point at 0.1587 CZK. The deviation from the price is +0.70% for the low point and -0.32% for the high point.0.1571
0.1587
0.1582
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
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of JPY/CZK in 1H shows a strongly overall bullish trend. 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
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 : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
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 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.1546 | 0.1563 | 0.1570 | 0.1582 | 0.1587 | 0.1603 | 0.1686 |
| Change (%) | -2.28% | -1.20% | -0.76% | - | +0.32% | +1.33% | +6.57% |
| Change | -0.0036 | -0.0019 | -0.0012 | - | +0.0005 | +0.0021 | +0.0104 |
| Level | Minor | Intermediate | Major | - | Intermediate | Major | 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 | 0.1533 | 0.1545 | 0.1558 | 0.1570 | 0.1583 | 0.1595 | 0.1608 |
| Camarilla | 0.1565 | 0.1567 | 0.1570 | 0.1572 | 0.1574 | 0.1577 | 0.1579 |
| Woodie | 0.1535 | 0.1545 | 0.1560 | 0.1570 | 0.1585 | 0.1595 | 0.1610 |
| Fibonacci | 0.1545 | 0.1554 | 0.1560 | 0.1570 | 0.1579 | 0.1585 | 0.1595 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.1459 | 0.1490 | 0.1526 | 0.1557 | 0.1593 | 0.1624 | 0.1660 |
| Camarilla | 0.1545 | 0.1551 | 0.1557 | 0.1563 | 0.1569 | 0.1575 | 0.1581 |
| Woodie | 0.1463 | 0.1491 | 0.1530 | 0.1558 | 0.1597 | 0.1625 | 0.1664 |
| Fibonacci | 0.1490 | 0.1515 | 0.1531 | 0.1557 | 0.1582 | 0.1598 | 0.1624 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.1414 | 0.1451 | 0.1479 | 0.1516 | 0.1544 | 0.1581 | 0.1609 |
| Camarilla | 0.1490 | 0.1496 | 0.1502 | 0.1508 | 0.1514 | 0.1520 | 0.1526 |
| Woodie | 0.1411 | 0.1449 | 0.1476 | 0.1514 | 0.1541 | 0.1579 | 0.1606 |
| Fibonacci | 0.1451 | 0.1476 | 0.1491 | 0.1516 | 0.1541 | 0.1556 | 0.1581 |
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): | 68.95 | |
| MACD (12,26,9): | 0.0006 | |
| Directional Movement: | 23.3868 | |
| AROON (14): | 71.4286 | |
| DEMA (21): | 0.1582 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.1578 | |
| Elder Ray (13): | 0.0005 | |
| Super Trend (3,10): | 0.1567 | |
| Zig ZAG (10): | 0.1583 | |
| VORTEX (21): | 1.2264 | |
| Stochastique (14,3,5): | 86.11 | |
| TEMA (21): | 0.1585 | |
| Williams %R (14): | -16.67 | |
| Chande Momentum Oscillator (20): | 0.0017 | |
| Repulse (5,40,3): | 0.1993 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0453 | |
| Courbe Coppock: | 2.23 |
| MA7: | 0.1562 | |
| MA20: | 0.1527 | |
| MA50: | 0.1535 | |
| MA100: | 0.1536 | |
| MAexp7: | 0.1581 | |
| MAexp20: | 0.1574 | |
| MAexp50: | 0.1567 | |
| MAexp100: | 0.1561 | |
| Price / MA7: | +1.28% | |
| Price / MA20: | +3.60% | |
| Price / MA50: | +3.06% | |
| Price / MA100: | +2.99% | |
| Price / MAexp7: | +0.06% | |
| Price / MAexp20: | +0.51% | |
| Price / MAexp50: | +0.96% | |
| Price / MAexp100: | +1.35% |
Quotes :
-
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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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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