NZD/CZK - 1H - Technical analysis published on 09/12/2023 (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
50%
22%
28%
My opinion
Bullish above 13.505 CZK
My targets
13.556 CZK (+0.041)
13.697 CZK (+0.182)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on NZD/CZK as long as the price remains well above 13.505 CZK. The buyers' bullish objective is set at 13.556 CZK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 13.697 CZK. If there is any crossing, the next objective would be the resistance located at 14.042 CZK. 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 are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
7
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
NZD/CZK rating 13.515 CZK. The price has increased by +0.11% since the last closing and was between 13.490 CZK and 13.521 CZK. This implies that the price is at +0.19% from its lowest and at -0.04% from its highest.13.490
13.521
13.515
Here is a more detailed summary of the historical variations registered by NZD/CZK:
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 this 1H chart of NZD/CZK indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 9 are bullish, 5 are neutral and 4 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Aroon indicator bearish trend
Type : Bearish
Timeframe : 1 hour
Momentum indicator is back over 0
Type : Bullish
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 support of channel
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 13.327 | 13.390 | 13.508 | 13.515 | 13.556 | 14.042 | 14.397 |
| Change (%) | -1.39% | -0.92% | -0.05% | - | +0.30% | +3.90% | +6.53% |
| Change | -0.188 | -0.125 | -0.007 | - | +0.041 | +0.527 | +0.882 |
| Level | Intermediate | Minor | Minor | - | Major | Major | 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 | 13.245 | 13.321 | 13.410 | 13.486 | 13.575 | 13.651 | 13.740 |
| Camarilla | 13.455 | 13.470 | 13.485 | 13.500 | 13.515 | 13.530 | 13.545 |
| Woodie | 13.253 | 13.324 | 13.418 | 13.489 | 13.583 | 13.654 | 13.748 |
| Fibonacci | 13.321 | 13.384 | 13.423 | 13.486 | 13.549 | 13.588 | 13.651 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 12.896 | 13.037 | 13.226 | 13.367 | 13.556 | 13.697 | 13.886 |
| Camarilla | 13.324 | 13.355 | 13.385 | 13.415 | 13.445 | 13.476 | 13.506 |
| Woodie | 12.920 | 13.049 | 13.250 | 13.379 | 13.580 | 13.709 | 13.910 |
| Fibonacci | 13.037 | 13.163 | 13.241 | 13.367 | 13.493 | 13.571 | 13.697 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 12.527 | 12.771 | 13.016 | 13.260 | 13.505 | 13.749 | 13.994 |
| Camarilla | 13.128 | 13.172 | 13.217 | 13.262 | 13.307 | 13.352 | 13.397 |
| Woodie | 12.529 | 12.771 | 13.018 | 13.260 | 13.507 | 13.749 | 13.996 |
| Fibonacci | 12.771 | 12.958 | 13.073 | 13.260 | 13.447 | 13.562 | 13.749 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 61.37 | |
| MACD (12,26,9): | 0.0140 | |
| Directional Movement: | 11.501 | |
| AROON (14): | -85.714 | |
| DEMA (21): | 13.520 | |
| Parabolic SAR (0,02-0,02-0,2): | 13.542 | |
| Elder Ray (13): | 0.009 | |
| Super Trend (3,10): | 13.463 | |
| Zig ZAG (10): | 13.515 | |
| VORTEX (21): | 1.0740 | |
| Stochastique (14,3,5): | 26.68 | |
| TEMA (21): | 13.515 | |
| Williams %R (14): | -66.20 | |
| Chande Momentum Oscillator (20): | 0.007 | |
| Repulse (5,40,3): | 0.1430 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0190 | |
| Courbe Coppock: | 0.05 |
| MA7: | 13.380 | |
| MA20: | 13.251 | |
| MA50: | 13.347 | |
| MA100: | 13.388 | |
| MAexp7: | 13.508 | |
| MAexp20: | 13.498 | |
| MAexp50: | 13.463 | |
| MAexp100: | 13.411 | |
| Price / MA7: | +1.01% | |
| Price / MA20: | +1.99% | |
| Price / MA50: | +1.26% | |
| Price / MA100: | +0.95% | |
| Price / MAexp7: | +0.05% | |
| Price / MAexp20: | +0.13% | |
| Price / MAexp50: | +0.39% | |
| Price / MAexp100: | +0.78% |
Quotes :
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Real time data
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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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