Londinia Opportunities Analyses - 05/08/2024 (GMT) GBP/CZK - 1H
- FX/Indices
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
6%
78%
17%
My opinion
Bearish under 29.098 CZK
My targets
28.916 CZK (-0.131)
28.640 CZK (-0.407)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on GBP/CZK as long as the price remains well below 29.098 CZK. The sellers' bearish objective is set at 28.916 CZK. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 28.640 CZK. In case of crossing, the next objective would be the support located at 28.273 CZK. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
8.4
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Additional analysis
Quotes
The GBP/CZK rating is 29.047 CZK. The price registered a decrease of -0.25% on the session and was between 29.035 CZK and 29.122 CZK. This implies that the price is at +0.04% from its lowest and at -0.26% from its highest.29.035
29.122
29.047
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of GBP/CZK in 1H shows a overall strongly bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The probability of a further decline is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
From the Japanese candlestick perspective, the Central Candlesticks scanner notes the presence of these results that could impact the short-term trend:
Bullish harami
Type : Bullish
Timeframe : 1 hour
Bullish harami cross
Type : Bullish
Timeframe : 1 hour
Three black crows
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 27.950 | 28.273 | 28.640 | 29.047 | 29.098 | 29.204 | 29.301 |
| Change (%) | -3.78% | -2.66% | -1.40% | - | +0.18% | +0.54% | +0.87% |
| Change | -1.097 | -0.774 | -0.407 | - | +0.051 | +0.157 | +0.254 |
| Level | Intermediate | Intermediate | Major | - | Intermediate | Minor | Intermediate |
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 | 28.968 | 29.032 | 29.076 | 29.140 | 29.184 | 29.248 | 29.292 |
| Camarilla | 29.090 | 29.100 | 29.110 | 29.120 | 29.130 | 29.140 | 29.150 |
| Woodie | 28.958 | 29.027 | 29.066 | 29.135 | 29.174 | 29.243 | 29.282 |
| Fibonacci | 29.032 | 29.073 | 29.099 | 29.140 | 29.181 | 29.207 | 29.248 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 28.698 | 28.916 | 29.060 | 29.278 | 29.422 | 29.640 | 29.784 |
| Camarilla | 29.104 | 29.137 | 29.170 | 29.203 | 29.236 | 29.269 | 29.303 |
| Woodie | 28.660 | 28.898 | 29.022 | 29.260 | 29.384 | 29.622 | 29.746 |
| Fibonacci | 28.916 | 29.055 | 29.140 | 29.278 | 29.417 | 29.502 | 29.640 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 28.585 | 28.879 | 29.165 | 29.459 | 29.745 | 30.039 | 30.325 |
| Camarilla | 29.291 | 29.344 | 29.397 | 29.450 | 29.503 | 29.556 | 29.610 |
| Woodie | 28.580 | 28.877 | 29.160 | 29.457 | 29.740 | 30.037 | 30.320 |
| Fibonacci | 28.879 | 29.101 | 29.238 | 29.459 | 29.681 | 29.818 | 30.039 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 31.01 | |
| MACD (12,26,9): | -0.0190 | |
| Directional Movement: | -12.944 | |
| AROON (14): | -85.714 | |
| DEMA (21): | 29.075 | |
| Parabolic SAR (0,02-0,02-0,2): | 29.114 | |
| Elder Ray (13): | -0.037 | |
| Super Trend (3,10): | 29.147 | |
| Zig ZAG (10): | 29.052 | |
| VORTEX (21): | 0.9060 | |
| Stochastique (14,3,5): | 19.78 | |
| TEMA (21): | 29.072 | |
| Williams %R (14): | -89.74 | |
| Chande Momentum Oscillator (20): | -0.057 | |
| Repulse (5,40,3): | -0.1100 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0080 | |
| Courbe Coppock: | 0.21 |
| MA7: | 29.220 | |
| MA20: | 29.377 | |
| MA50: | 29.500 | |
| MA100: | 29.267 | |
| MAexp7: | 29.078 | |
| MAexp20: | 29.099 | |
| MAexp50: | 29.132 | |
| MAexp100: | 29.180 | |
| Price / MA7: | -0.59% | |
| Price / MA20: | -1.12% | |
| Price / MA50: | -1.54% | |
| Price / MA100: | -0.75% | |
| Price / MAexp7: | -0.11% | |
| Price / MAexp20: | -0.18% | |
| Price / MAexp50: | -0.29% | |
| Price / MAexp100: | -0.46% |
Quotes :
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Real time data
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Forex