EUR/CZK - 1H - Technical analysis published on 08/08/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
28%
22%
50%
My opinion
Bearish under 25.2997 CZK
My targets
25.2104 CZK (-0.0473)
24.9228 CZK (-0.3349)
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 25.2997 CZK. The next support located at 25.2104 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 24.9228 CZK. Below this support, sellers could then target 24.7350 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, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
5.9
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
EUR/CZK rating 25.2577 CZK. The price registered a decrease of -0.04% on the session and was between 25.2217 CZK and 25.2801 CZK. This implies that the price is at +0.14% from its lowest and at -0.09% from its highest.25.2217
25.2801
25.2577
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
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 LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
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. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bearish trend reversal : adaptative moving average 20
Type : Bearish
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 scanner specialised in technical indicators, has identified this signal:
MACD indicator is back under 0
Type : Bearish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
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 | 24.7350 | 25.2104 | 25.2448 | 25.2577 | 25.2997 | 25.3323 | 25.3843 |
| Change (%) | -2.07% | -0.19% | -0.05% | - | +0.17% | +0.30% | +0.50% |
| Change | -0.5227 | -0.0473 | -0.0129 | - | +0.0420 | +0.0746 | +0.1266 |
| Level | Intermediate | Major | Intermediate | - | Intermediate | 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 | 25.1888 | 25.2172 | 25.2428 | 25.2712 | 25.2968 | 25.3252 | 25.3508 |
| Camarilla | 25.2537 | 25.2586 | 25.2636 | 25.2685 | 25.2735 | 25.2784 | 25.2834 |
| Woodie | 25.1875 | 25.2165 | 25.2415 | 25.2705 | 25.2955 | 25.3245 | 25.3495 |
| Fibonacci | 25.2172 | 25.2378 | 25.2505 | 25.2712 | 25.2918 | 25.3045 | 25.3252 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 24.9228 | 25.0821 | 25.2172 | 25.3765 | 25.5116 | 25.6709 | 25.8060 |
| Camarilla | 25.2712 | 25.2982 | 25.3252 | 25.3522 | 25.3792 | 25.4062 | 25.4332 |
| Woodie | 24.9106 | 25.0761 | 25.2050 | 25.3705 | 25.4994 | 25.6649 | 25.7938 |
| Fibonacci | 25.0821 | 25.1946 | 25.2641 | 25.3765 | 25.4890 | 25.5585 | 25.6709 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 24.6185 | 24.7981 | 25.1117 | 25.2913 | 25.6049 | 25.7845 | 26.0981 |
| Camarilla | 25.2898 | 25.3350 | 25.3802 | 25.4254 | 25.4706 | 25.5158 | 25.5610 |
| Woodie | 24.6856 | 24.8316 | 25.1788 | 25.3248 | 25.6720 | 25.8180 | 26.1652 |
| Fibonacci | 24.7981 | 24.9865 | 25.1029 | 25.2913 | 25.4797 | 25.5961 | 25.7845 |
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): | 46.92 | |
| MACD (12,26,9): | -0.0002 | |
| Directional Movement: | -4.2891 | |
| AROON (14): | 28.5714 | |
| DEMA (21): | 25.2620 | |
| Parabolic SAR (0,02-0,02-0,2): | 25.2304 | |
| Elder Ray (13): | -0.0040 | |
| Super Trend (3,10): | 25.2821 | |
| Zig ZAG (10): | 25.2581 | |
| VORTEX (21): | 0.9843 | |
| Stochastique (14,3,5): | 67.75 | |
| TEMA (21): | 25.2666 | |
| Williams %R (14): | -31.85 | |
| Chande Momentum Oscillator (20): | 0.0037 | |
| Repulse (5,40,3): | -0.0395 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0007 | |
| Courbe Coppock: | 0.13 |
| MA7: | 25.3126 | |
| MA20: | 25.3294 | |
| MA50: | 25.0785 | |
| MA100: | 25.0797 | |
| MAexp7: | 25.2640 | |
| MAexp20: | 25.2635 | |
| MAexp50: | 25.2692 | |
| MAexp100: | 25.2854 | |
| Price / MA7: | -0.22% | |
| Price / MA20: | -0.28% | |
| Price / MA50: | +0.71% | |
| Price / MA100: | +0.71% | |
| Price / MAexp7: | -0.02% | |
| Price / MAexp20: | -0.02% | |
| Price / MAexp50: | -0.05% | |
| Price / MAexp100: | -0.11% |
Quotes :
-
Real time data
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Forex
News
Don't forget to follow the news on EUR/CZK. At the time of publication of this analysis, the latest news 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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