USD/CZK - 1H - Technical analysis published on 11/17/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bearish
Technical indicators
44%
6%
50%
My opinion
Bearish under 22.5700 CZK
My targets
22.4617 CZK (-0.0745)
22.1826 CZK (-0.3536)
My analysis
The basic trend is bearish on USD/CZK and in the short term, the price is trying to rebound. For the time being, this is only a technical rebound and the basic trend is not threatened. To have the rebound confirmed, it would have at least to go back above the 22.5700 CZK. Buyers would then use the next resistance located at 22.8174 CZK as an objective. Crossing it would then enable buyers to target 22.8808 CZK. If there is a return to below the support located at 22.4617 CZK, this would be a sign of a reversal in the basic bearish trend. The next bearish objectives would be 22.1826 CZK and 21.8624 CZK by extension.
In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
0.2
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Additional analysis
Quotes
The USD/CZK rating is 22.5362 CZK. On the day, this instrument lost -0.02% and was traded between 22.5291 CZK and 22.5520 CZK over the period. The price is currently at +0.03% from its lowest and -0.07% from its highest.22.5291
22.5520
22.5362
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
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 HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this USD/CZK chart shows a bearish trend. 64.29% of the signals given by moving averages are bearish. Caution: the slightly bullish signals currently being given by short-term moving averages indicate that this bearish trend may be slowing down. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : 1 hour
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
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Bullish harami
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 21.8624 | 22.1826 | 22.4617 | 22.5362 | 22.5700 | 22.8174 | 22.8808 |
| Change (%) | -2.99% | -1.57% | -0.33% | - | +0.15% | +1.25% | +1.53% |
| Change | -0.6738 | -0.3536 | -0.0745 | - | +0.0338 | +0.2812 | +0.3446 |
| Level | Intermediate | Major | Intermediate | - | 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 | 22.3308 | 22.3851 | 22.4624 | 22.5167 | 22.5940 | 22.6483 | 22.7256 |
| Camarilla | 22.5034 | 22.5155 | 22.5275 | 22.5396 | 22.5517 | 22.5637 | 22.5758 |
| Woodie | 22.3422 | 22.3909 | 22.4738 | 22.5225 | 22.6054 | 22.6541 | 22.7370 |
| Fibonacci | 22.3851 | 22.4354 | 22.4665 | 22.5167 | 22.5670 | 22.5981 | 22.6483 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 22.2778 | 22.4763 | 22.7379 | 22.9364 | 23.1980 | 23.3965 | 23.6581 |
| Camarilla | 22.8731 | 22.9153 | 22.9574 | 22.9996 | 23.0418 | 23.0840 | 23.1261 |
| Woodie | 22.3095 | 22.4921 | 22.7696 | 22.9522 | 23.2297 | 23.4123 | 23.6898 |
| Fibonacci | 22.4763 | 22.6520 | 22.7606 | 22.9364 | 23.1121 | 23.2207 | 23.3965 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 22.3822 | 22.6773 | 22.9528 | 23.2479 | 23.5234 | 23.8185 | 24.0940 |
| Camarilla | 23.0713 | 23.1236 | 23.1759 | 23.2282 | 23.2805 | 23.3328 | 23.3851 |
| Woodie | 22.3723 | 22.6724 | 22.9429 | 23.2430 | 23.5135 | 23.8136 | 24.0841 |
| Fibonacci | 22.6773 | 22.8953 | 23.0300 | 23.2479 | 23.4659 | 23.6006 | 23.8185 |
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): | 49.48 | |
| MACD (12,26,9): | -0.0020 | |
| Directional Movement: | -1.0380 | |
| AROON (14): | -21.4286 | |
| DEMA (21): | 22.5296 | |
| Parabolic SAR (0,02-0,02-0,2): | 22.4711 | |
| Elder Ray (13): | 0.0003 | |
| Super Trend (3,10): | 22.5997 | |
| Zig ZAG (10): | 22.5348 | |
| VORTEX (21): | 0.9783 | |
| Stochastique (14,3,5): | 77.88 | |
| TEMA (21): | 22.5440 | |
| Williams %R (14): | -20.60 | |
| Chande Momentum Oscillator (20): | 0.0527 | |
| Repulse (5,40,3): | -0.0050 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0027 | |
| Courbe Coppock: | 0.14 |
| MA7: | 22.7252 | |
| MA20: | 22.9970 | |
| MA50: | 23.0699 | |
| MA100: | 22.5130 | |
| MAexp7: | 22.5371 | |
| MAexp20: | 22.5346 | |
| MAexp50: | 22.5697 | |
| MAexp100: | 22.6586 | |
| Price / MA7: | -0.83% | |
| Price / MA20: | -2.00% | |
| Price / MA50: | -2.31% | |
| Price / MA100: | +0.10% | |
| Price / MAexp7: | +0.00% | |
| Price / MAexp20: | +0.01% | |
| Price / MAexp50: | -0.15% | |
| Price / MAexp100: | -0.54% |
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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