NZD/CZK - 1H - Technical analysis published on 08/22/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
50%
6%
44%
My opinion
Bearish under 13.105 CZK
My targets
13.032 CZK (-0.041)
12.899 CZK (-0.174)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 13.105 CZK remains possible. It is advisable to trade NZD/CZK with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 13.105 CZK. The next bearish objective for sellers is set at 13.032 CZK. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 12.899 CZK. In case of crossing, the next objective would be the support located at 12.558 CZK. PS: if there is a bullish break in the resistance located at 13.105 CZK we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
1.1
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Additional analysis
Quotes
The NZD/CZK price is 13.073 CZK. On the day, this instrument lost -0.01% and was between 13.062 CZK and 13.088 CZK. This implies that the price is at +0.08% from its lowest and at -0.11% from its highest.13.062
13.088
13.073
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
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of NZD/CZK in 1H shows an overall bearish trend. 71.43% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. There is no crossing of moving average by the price or crossing of moving averages between themselves.
Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
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
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 10.596 | 12.558 | 13.032 | 13.073 | 13.105 | 13.185 | 13.328 |
| Change (%) | -18.95% | -3.94% | -0.31% | - | +0.24% | +0.86% | +1.95% |
| Change | -2.477 | -0.515 | -0.041 | - | +0.032 | +0.112 | +0.255 |
| Level | Intermediate | Minor | Major | - | Major | Intermediate | 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 | 12.930 | 12.972 | 13.023 | 13.065 | 13.116 | 13.158 | 13.209 |
| Camarilla | 13.048 | 13.057 | 13.066 | 13.074 | 13.083 | 13.091 | 13.100 |
| Woodie | 12.935 | 12.974 | 13.028 | 13.067 | 13.121 | 13.160 | 13.214 |
| Fibonacci | 12.972 | 13.008 | 13.030 | 13.065 | 13.101 | 13.123 | 13.158 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 12.899 | 12.988 | 13.037 | 13.126 | 13.175 | 13.264 | 13.313 |
| Camarilla | 13.047 | 13.060 | 13.072 | 13.085 | 13.098 | 13.110 | 13.123 |
| Woodie | 12.878 | 12.978 | 13.016 | 13.116 | 13.154 | 13.254 | 13.292 |
| Fibonacci | 12.988 | 13.041 | 13.074 | 13.126 | 13.179 | 13.212 | 13.264 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 12.919 | 13.088 | 13.281 | 13.450 | 13.643 | 13.812 | 14.005 |
| Camarilla | 13.376 | 13.409 | 13.442 | 13.475 | 13.508 | 13.541 | 13.575 |
| Woodie | 12.932 | 13.094 | 13.294 | 13.456 | 13.656 | 13.818 | 14.018 |
| Fibonacci | 13.088 | 13.226 | 13.311 | 13.450 | 13.588 | 13.673 | 13.812 |
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): | 53.37 | |
| MACD (12,26,9): | 0.0020 | |
| Directional Movement: | 3.430 | |
| AROON (14): | 42.857 | |
| DEMA (21): | 13.067 | |
| Parabolic SAR (0,02-0,02-0,2): | 13.055 | |
| Elder Ray (13): | 0.004 | |
| Super Trend (3,10): | 13.087 | |
| Zig ZAG (10): | 13.075 | |
| VORTEX (21): | 1.1290 | |
| Stochastique (14,3,5): | 82.04 | |
| TEMA (21): | 13.077 | |
| Williams %R (14): | -18.75 | |
| Chande Momentum Oscillator (20): | 0.030 | |
| Repulse (5,40,3): | 0.0340 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0020 | |
| Courbe Coppock: | 0.54 |
| MA7: | 13.124 | |
| MA20: | 13.303 | |
| MA50: | 13.378 | |
| MA100: | 13.383 | |
| MAexp7: | 13.073 | |
| MAexp20: | 13.067 | |
| MAexp50: | 13.079 | |
| MAexp100: | 13.109 | |
| Price / MA7: | -0.39% | |
| Price / MA20: | -1.73% | |
| Price / MA50: | -2.28% | |
| Price / MA100: | -2.32% | |
| Price / MAexp7: | -0% | |
| Price / MAexp20: | +0.05% | |
| Price / MAexp50: | -0.05% | |
| Price / MAexp100: | -0.27% |
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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