NZD/CZK

- CZK (-)

- Real time data - Forex

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Change:	-
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Type:	Forex
Ticker:	NZDCZK
ISIN:

NZD/CZK - 1H - Technical analysis published on 02/21/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

83%

17%

My opinion

Bullish above 14.510 CZK

My targets

14.722 CZK (+0.177)

14.903 CZK (+0.358)

My analysis

The bullish trend is currently very strong on NZD/CZK. As long as the price remains above the support at 14.510 CZK, you could try to benefit from the boom. The first bullish objective is located at 14.722 CZK. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 14.903 CZK as an objective. Crossing it would then enable buyers to target 15.532 CZK. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

8.4

Comment on the analysis

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 rating is 14.545 CZK. On the day, this instrument gained +0.44% and was between 14.481 CZK and 14.559 CZK. This implies that the price is at +0.44% from its lowest and at -0.10% from its highest.

14.481

14.559

14.545

A study of price movements over other periods shows the following variations:

The study of the highest / lowest by the Central Records scanner shows the following results:

New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in 1H of this NZD/CZK chart shows a strongly bullish trend. 89.29% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, 15 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

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:

White gravestone / inverted hammer

Type : Neutral

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	14.437	14.471	14.510	14.545	14.557	14.903	15.532
Change (%)	-0.74%	-0.51%	-0.24%	-	+0.08%	+2.46%	+6.79%
Change	-0.108	-0.074	-0.035	-	+0.012	+0.358	+0.987
Level	Minor	Minor	Minor	-	Major	Major	Intermediate

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	14.349	14.406	14.444	14.501	14.539	14.596	14.634
Camarilla	14.456	14.465	14.473	14.482	14.491	14.499	14.508
Woodie	14.340	14.401	14.435	14.496	14.530	14.591	14.625
Fibonacci	14.406	14.442	14.465	14.501	14.537	14.560	14.596

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	14.146	14.216	14.338	14.408	14.530	14.600	14.722
Camarilla	14.406	14.424	14.441	14.459	14.477	14.494	14.512
Woodie	14.171	14.229	14.363	14.421	14.555	14.613	14.747
Fibonacci	14.216	14.290	14.335	14.408	14.482	14.527	14.600

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	13.467	13.643	13.844	14.020	14.221	14.397	14.598
Camarilla	13.940	13.975	14.009	14.044	14.079	14.113	14.148
Woodie	13.479	13.649	13.856	14.026	14.233	14.403	14.610
Fibonacci	13.643	13.787	13.876	14.020	14.164	14.253	14.397

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):	65.32
MACD (12,26,9):	0.0070
Directional Movement:	17.980
AROON (14):	100.000
DEMA (21):	14.524
Parabolic SAR (0,02-0,02-0,2):	14.494
Elder Ray (13):	0.026
Super Trend (3,10):	14.491
Zig ZAG (10):	14.543
VORTEX (21):	1.0020
Stochastique (14,3,5):	83.57
TEMA (21):	14.529
Williams %R (14):	-18.39
Chande Momentum Oscillator (20):	0.061
Repulse (5,40,3):	0.0410
ROCnROLL:	1
TRIX (15,9):	0.0000
Courbe Coppock:	0.60

MA7:	14.447
MA20:	14.228
MA50:	14.090
MA100:	13.881
MAexp7:	14.531
MAexp20:	14.517
MAexp50:	14.506
MAexp100:	14.475
Price / MA7:	+0.68%
Price / MA20:	+2.23%
Price / MA50:	+3.23%
Price / MA100:	+4.78%
Price / MAexp7:	+0.10%
Price / MAexp20:	+0.19%
Price / MAexp50:	+0.27%
Price / MAexp100:	+0.48%

Quotes : - Real time data - Forex

This member declared not having a position on this financial instrument or a related financial instrument.

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