Londinia Opportunities Analyses - 05/03/2024 (GMT) JPY/CZK - 1H
- FX/Indices
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
67%
11%
22%
My opinion
Bullish above 0.1519 CZK
My targets
0.1526 CZK (+0.0004)
0.1534 CZK (+0.0012)
My analysis
The bullish trend is currently very strong on JPY/CZK. As long as the price remains above the support at 0.1519 CZK, you could try to benefit from the boom. The first bullish objective is located at 0.1526 CZK. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.1534 CZK as an objective. Crossing it would then enable buyers to target 0.1570 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, 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
7.9
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Additional analysis
Quotes
The JPY/CZK rating is 0.1522 CZK. On the day, this instrument gained +0.26% and was between 0.1515 CZK and 0.1524 CZK. This implies that the price is at +0.46% from its lowest and at -0.13% from its highest.0.1515
0.1524
0.1522
Here is a more detailed summary of the historical variations registered by JPY/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 HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this JPY/CZK chart shows a strongly bullish trend. 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, 12 technical indicators on 18 studied are currently positioned bullish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Price is back over the pivot point
Type : Bullish
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
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.1492 | 0.1508 | 0.1519 | 0.1522 | 0.1526 | 0.1534 | 0.1570 |
| Change (%) | -1.97% | -0.92% | -0.20% | - | +0.26% | +0.79% | +3.15% |
| Change | -0.0030 | -0.0014 | -0.0003 | - | +0.0004 | +0.0012 | +0.0048 |
| Level | Major | Intermediate | Intermediate | - | Intermediate | Intermediate | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.1481 | 0.1490 | 0.1504 | 0.1513 | 0.1527 | 0.1536 | 0.1550 |
| Camarilla | 0.1512 | 0.1514 | 0.1516 | 0.1518 | 0.1520 | 0.1522 | 0.1524 |
| Woodie | 0.1484 | 0.1491 | 0.1507 | 0.1514 | 0.1530 | 0.1537 | 0.1553 |
| Fibonacci | 0.1490 | 0.1499 | 0.1504 | 0.1513 | 0.1522 | 0.1527 | 0.1536 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.1380 | 0.1422 | 0.1454 | 0.1496 | 0.1528 | 0.1570 | 0.1602 |
| Camarilla | 0.1465 | 0.1471 | 0.1478 | 0.1485 | 0.1492 | 0.1499 | 0.1505 |
| Woodie | 0.1374 | 0.1420 | 0.1448 | 0.1494 | 0.1522 | 0.1568 | 0.1596 |
| Fibonacci | 0.1422 | 0.1451 | 0.1468 | 0.1496 | 0.1525 | 0.1542 | 0.1570 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.1353 | 0.1409 | 0.1452 | 0.1508 | 0.1551 | 0.1607 | 0.1650 |
| Camarilla | 0.1468 | 0.1477 | 0.1486 | 0.1495 | 0.1504 | 0.1513 | 0.1522 |
| Woodie | 0.1347 | 0.1406 | 0.1446 | 0.1505 | 0.1545 | 0.1604 | 0.1644 |
| Fibonacci | 0.1409 | 0.1447 | 0.1470 | 0.1508 | 0.1546 | 0.1569 | 0.1607 |
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): | 59.56 | |
| MACD (12,26,9): | 0.0003 | |
| Directional Movement: | 12.5484 | |
| AROON (14): | 64.2857 | |
| DEMA (21): | 0.1522 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.1510 | |
| Elder Ray (13): | 0.0001 | |
| Super Trend (3,10): | 0.1511 | |
| Zig ZAG (10): | 0.1521 | |
| VORTEX (21): | 1.0400 | |
| Stochastique (14,3,5): | 62.63 | |
| TEMA (21): | 0.1521 | |
| Williams %R (14): | -33.33 | |
| Chande Momentum Oscillator (20): | 0.0001 | |
| Repulse (5,40,3): | 0.0329 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0291 | |
| Courbe Coppock: | 0.39 |
| MA7: | 0.1505 | |
| MA20: | 0.1526 | |
| MA50: | 0.1542 | |
| MA100: | 0.1551 | |
| MAexp7: | 0.1521 | |
| MAexp20: | 0.1519 | |
| MAexp50: | 0.1513 | |
| MAexp100: | 0.1509 | |
| Price / MA7: | +1.13% | |
| Price / MA20: | -0.26% | |
| Price / MA50: | -1.30% | |
| Price / MA100: | -1.87% | |
| Price / MAexp7: | +0.07% | |
| Price / MAexp20: | +0.20% | |
| Price / MAexp50: | +0.59% | |
| Price / MAexp100: | +0.86% |
Quotes :
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Real time data
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Forex