NZD/CZK - 1H - Technical analysis published on 11/09/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Slightly bullish
Technical indicators
61%
6%
33%
My opinion
Bullish above 13.611 CZK
My targets
13.649 CZK (+0.014)
13.674 CZK (+0.039)
My analysis
The basic trend is currently slightly bullish on NZD/CZK and the short term does not seem to show any sign of improvement. Buyers are struggling to get their hands on this instrument. However, as long as the price remains above 13.611 CZK, purchases could be favourable. The first bullish objective would be the resistance located at 13.649 CZK. Then the price could move towards 13.674 CZK. Then 13.723 CZK by extension. A return under the support to 13.611 CZK could jeopardize this fragile bullish trend. Indecision would then be total and in this case you could keep away.
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
3.9
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
The NZD/CZK price is 13.635 CZK. The price registered an increase of +0.29% on the session and was traded between 13.587 CZK and 13.636 CZK over the period. The price is currently at +0.35% from its lowest and -0.01% from its highest.13.587
13.636
13.635
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
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 HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of NZD/CZK indicates that the overall trend is slightly bullish. Only 60.71% of the signals given by moving averages are bullish. This slightly bullish trend is not supported by the signals currently being given by short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 100
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bullish. Other results related to technical indicators were also found by the Central Indicators scanner:
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Near support of channel
Type : Bullish
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 | 13.487 | 13.556 | 13.611 | 13.635 | 13.649 | 13.674 | 13.723 |
| Change (%) | -1.09% | -0.58% | -0.18% | - | +0.10% | +0.29% | +0.65% |
| Change | -0.148 | -0.079 | -0.024 | - | +0.014 | +0.039 | +0.088 |
| Level | Minor | Major | Minor | - | 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 | 13.425 | 13.504 | 13.550 | 13.629 | 13.675 | 13.754 | 13.800 |
| Camarilla | 13.561 | 13.572 | 13.584 | 13.595 | 13.607 | 13.618 | 13.629 |
| Woodie | 13.408 | 13.496 | 13.533 | 13.621 | 13.658 | 13.746 | 13.783 |
| Fibonacci | 13.504 | 13.552 | 13.582 | 13.629 | 13.677 | 13.707 | 13.754 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 13.215 | 13.333 | 13.488 | 13.606 | 13.761 | 13.879 | 14.034 |
| Camarilla | 13.569 | 13.594 | 13.619 | 13.644 | 13.669 | 13.694 | 13.719 |
| Woodie | 13.235 | 13.342 | 13.508 | 13.615 | 13.781 | 13.888 | 14.054 |
| Fibonacci | 13.333 | 13.437 | 13.501 | 13.606 | 13.710 | 13.774 | 13.879 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 12.722 | 13.086 | 13.287 | 13.651 | 13.852 | 14.216 | 14.417 |
| Camarilla | 13.333 | 13.384 | 13.436 | 13.488 | 13.540 | 13.592 | 13.643 |
| Woodie | 12.641 | 13.045 | 13.206 | 13.610 | 13.771 | 14.175 | 14.336 |
| Fibonacci | 13.086 | 13.302 | 13.435 | 13.651 | 13.867 | 14.000 | 14.216 |
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): | 52.79 | |
| MACD (12,26,9): | -0.0110 | |
| Directional Movement: | -0.077 | |
| AROON (14): | -57.143 | |
| DEMA (21): | 13.608 | |
| Parabolic SAR (0,02-0,02-0,2): | 13.584 | |
| Elder Ray (13): | 0.012 | |
| Super Trend (3,10): | 13.650 | |
| Zig ZAG (10): | 13.635 | |
| VORTEX (21): | 0.8930 | |
| Stochastique (14,3,5): | 42.89 | |
| TEMA (21): | 13.601 | |
| Williams %R (14): | -35.53 | |
| Chande Momentum Oscillator (20): | 0.017 | |
| Repulse (5,40,3): | 0.2050 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0150 | |
| Courbe Coppock: | 0.78 |
| MA7: | 13.640 | |
| MA20: | 13.623 | |
| MA50: | 13.633 | |
| MA100: | 13.487 | |
| MAexp7: | 13.615 | |
| MAexp20: | 13.623 | |
| MAexp50: | 13.633 | |
| MAexp100: | 13.629 | |
| Price / MA7: | -0.04% | |
| Price / MA20: | +0.09% | |
| Price / MA50: | +0.01% | |
| Price / MA100: | +1.10% | |
| Price / MAexp7: | +0.15% | |
| Price / MAexp20: | +0.09% | |
| Price / MAexp50: | +0.01% | |
| Price / MAexp100: | +0.04% |
Quotes :
-
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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