EUR/CZK - 1H - Technical analysis published on 02/27/2023 (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:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
28%
33%
39%
My opinion
Bearish under 23.6738 CZK
My targets
23.6158 CZK (-0.0315)
23.4320 CZK (-0.2153)
My analysis
EUR/CZK is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 23.6738 CZK. The next support located at 23.6158 CZK is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 23.4320 CZK. Below this support, sellers could then target 22.9625 CZK. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
6.3
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
EUR/CZK rating 23.6473 CZK. The price registered an increase of +0.00% on the session and was traded between 23.6409 CZK and 23.6635 CZK over the period. The price is currently at +0.03% from its lowest and -0.07% from its highest.23.6409
23.6635
23.6473
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by EUR/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 HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this EUR/CZK chart shows a sharp 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 scanner detects a bullish signal on moving averages that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near support of triangle
Type : Bullish
Timeframe : 1 hour
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of 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 | 22.9625 | 23.6158 | 23.6405 | 23.6473 | 23.6738 | 23.7191 | 23.7412 |
| Change (%) | -2.90% | -0.13% | -0.03% | - | +0.11% | +0.30% | +0.40% |
| Change | -0.6848 | -0.0315 | -0.0068 | - | +0.0265 | +0.0718 | +0.0939 |
| Level | Intermediate | Intermediate | Major | - | Minor | Minor | Intermediate |
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 | 23.5619 | 23.5895 | 23.6186 | 23.6462 | 23.6753 | 23.7029 | 23.7320 |
| Camarilla | 23.6321 | 23.6373 | 23.6425 | 23.6477 | 23.6529 | 23.6581 | 23.6633 |
| Woodie | 23.5627 | 23.5899 | 23.6194 | 23.6466 | 23.6761 | 23.7033 | 23.7328 |
| Fibonacci | 23.5895 | 23.6112 | 23.6245 | 23.6462 | 23.6679 | 23.6812 | 23.7029 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 23.4320 | 23.5246 | 23.5861 | 23.6787 | 23.7402 | 23.8328 | 23.8943 |
| Camarilla | 23.6053 | 23.6195 | 23.6336 | 23.6477 | 23.6618 | 23.6760 | 23.6901 |
| Woodie | 23.4166 | 23.5168 | 23.5707 | 23.6709 | 23.7248 | 23.8250 | 23.8789 |
| Fibonacci | 23.5246 | 23.5834 | 23.6198 | 23.6787 | 23.7375 | 23.7739 | 23.8328 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 23.1913 | 23.4733 | 23.6335 | 23.9155 | 24.0757 | 24.3577 | 24.5179 |
| Camarilla | 23.6721 | 23.7126 | 23.7532 | 23.7937 | 23.8342 | 23.8748 | 23.9153 |
| Woodie | 23.1304 | 23.4429 | 23.5726 | 23.8851 | 24.0148 | 24.3273 | 24.4570 |
| Fibonacci | 23.4733 | 23.6422 | 23.7466 | 23.9155 | 24.0844 | 24.1888 | 24.3577 |
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): | 45.07 | |
| MACD (12,26,9): | -0.0035 | |
| Directional Movement: | -9.3948 | |
| AROON (14): | -14.2857 | |
| DEMA (21): | 23.6461 | |
| Parabolic SAR (0,02-0,02-0,2): | 23.6388 | |
| Elder Ray (13): | -0.0043 | |
| Super Trend (3,10): | 23.6843 | |
| Zig ZAG (10): | 23.6493 | |
| VORTEX (21): | 0.9249 | |
| Stochastique (14,3,5): | 33.43 | |
| TEMA (21): | 23.6497 | |
| Williams %R (14): | -68.35 | |
| Chande Momentum Oscillator (20): | 0.0018 | |
| Repulse (5,40,3): | -0.0075 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0029 | |
| Courbe Coppock: | 0.00 |
| MA7: | 23.6838 | |
| MA20: | 23.7252 | |
| MA50: | 23.9091 | |
| MA100: | 24.1522 | |
| MAexp7: | 23.6494 | |
| MAexp20: | 23.6518 | |
| MAexp50: | 23.6630 | |
| MAexp100: | 23.6777 | |
| Price / MA7: | -0.15% | |
| Price / MA20: | -0.33% | |
| Price / MA50: | -1.09% | |
| Price / MA100: | -2.09% | |
| Price / MAexp7: | -0.01% | |
| Price / MAexp20: | -0.02% | |
| Price / MAexp50: | -0.07% | |
| Price / MAexp100: | -0.13% |
Quotes :
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Real time data
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Forex
News
The last news published on EUR/CZK at the time of the generation of this analysis was as follows:
Tensions Could Impact EUR/CZKThis 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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