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EUR/CZK
EUR CZK
- CZK (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: EURCZK
ISIN:

EUR/CZK - 1H - Technical analysis published on 10/29/2024 (GMT)

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Londinia
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  • Timeframe : 1H
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

Summary of the analysis

Trends
Short term: Neutral
Underlying: Bullish
Technical indicators
22%
39%
39%
My opinion
Bullish above 25.2852 CZK
My targets
25.4719 CZK (+0.1161)
25.7724 CZK (+0.4166)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 25.2852 CZK remains possible. It is advisable to trade EUR/CZK with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 25.2852 CZK. The next bullish objective for buyers is set at 25.4719 CZK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 25.7724 CZK. If there is any crossing, the next objective would be the resistance located at 26.0930 CZK. PS: if there is a bearish break in the support located at 25.2852 CZK we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.

In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
3

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.

Londinia
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The EUR/CZK price is 25.3558 CZK. On the day, this instrument lost -0.04% and was between 25.3287 CZK and 25.3833 CZK. This implies that the price is at +0.11% from its lowest and at -0.11% from its highest.

25.3287
25.3833
25.3558

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly


Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly


New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


A technical analysis in 1H of this EUR/CZK chart shows a bullish trend. 78.57% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. There is no crossing of moving average by the price or crossing of moving averages between themselves.

An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly


RSI indicator is back over 50

Type : Bullish

Timeframe : 1 hour



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Central Patterns

Near support of channel

Type : Bullish

Timeframe : 1 hour



The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 25.1202 25.2104 25.2852 25.3558 25.3716 25.4719 25.7724
Change (%) -0.93% -0.57% -0.28% - +0.06% +0.46% +1.64%
Change -0.2356 -0.1454 -0.0706 - +0.0158 +0.1161 +0.4166
Level Minor Major Intermediate - Major Major 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
Standard25.187625.228225.296625.337225.405625.446225.5146
Camarilla25.335025.345025.355025.365025.375025.385025.3950
Woodie25.201525.235225.310525.344225.419525.453225.5285
Fibonacci25.228225.269825.295625.337225.378825.404625.4462


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard25.072325.123225.203225.254125.334125.385025.4650
Camarilla25.247225.259225.271225.283225.295225.307225.3192
Woodie25.086925.130525.217825.261425.348725.392325.4796
Fibonacci25.123225.173225.204125.254125.304125.335025.3850


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard24.823824.908525.064125.148825.304425.389125.5447
Camarilla25.153725.175825.197825.219825.241825.263925.2859
Woodie24.859424.926225.099725.166525.340025.406825.5803
Fibonacci24.908525.000325.057025.148825.240625.297325.3891

Numerical data


The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators
Moving averages

RSI (14): 47.35
MACD (12,26,9): 0.0016
Directional Movement: -9.5626
AROON (14): -50.0000
DEMA (21): 25.3604
Parabolic SAR (0,02-0,02-0,2): 25.3743
Elder Ray (13): -0.0049
Super Trend (3,10): 25.3776
Zig ZAG (10): 25.3497
VORTEX (21): 0.9572
Stochastique (14,3,5): 37.18
TEMA (21): 25.3492
Williams %R (14): -58.97
Chande Momentum Oscillator (20): -0.0178
Repulse (5,40,3): 0.0049
ROCnROLL: -1
TRIX (15,9): 0.0034
Courbe Coppock: 0.11
MA7: 25.2799
MA20: 25.2947
MA50: 25.1739
MA100: 25.1684
MAexp7: 25.3520
MAexp20: 25.3552
MAexp50: 25.3361
MAexp100: 25.3077
Price / MA7: +0.30%
Price / MA20: +0.24%
Price / MA50: +0.72%
Price / MA100: +0.74%
Price / MAexp7: +0.01%
Price / MAexp20: +0.00%
Price / MAexp50: +0.08%
Price / MAexp100: +0.19%

Quotes : - Real time data - 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:

This member declared not having a position on this financial instrument or a related financial instrument.

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