GBP/CZK - 1H - Technical analysis published on 07/09/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 29.826 CZK
My targets
30.072 CZK (+0.205)
30.352 CZK (+0.485)
My analysis
The bullish trend is currently very strong on GBP/CZK. As long as the price remains above the support at 29.826 CZK, you could try to benefit from the boom. The first bullish objective is located at 30.072 CZK. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 30.352 CZK as an objective. Crossing it would then enable buyers to target 31.101 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, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.8
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GBP/CZK rating is 29.867 CZK. The price registered an increase of +0.23% on the session with the lowest point at 29.777 CZK and the highest point at 29.880 CZK. The deviation from the price is +0.30% for the low point and -0.04% for the high point.29.777
29.880
29.867
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 LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of GBP/CZK in 1H shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish 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.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 29.681 | 29.780 | 29.826 | 29.867 | 30.352 | 31.101 | 33.351 |
| Change (%) | -0.62% | -0.29% | -0.14% | - | +1.62% | +4.13% | +11.67% |
| Change | -0.186 | -0.087 | -0.041 | - | +0.485 | +1.234 | +3.484 |
| Level | Major | Major | Intermediate | - | Minor | Major | Minor |
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 | 29.633 | 29.677 | 29.738 | 29.782 | 29.843 | 29.887 | 29.948 |
| Camarilla | 29.769 | 29.779 | 29.788 | 29.798 | 29.808 | 29.817 | 29.827 |
| Woodie | 29.641 | 29.681 | 29.746 | 29.786 | 29.851 | 29.891 | 29.956 |
| Fibonacci | 29.677 | 29.717 | 29.742 | 29.782 | 29.822 | 29.847 | 29.887 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 29.065 | 29.238 | 29.482 | 29.655 | 29.899 | 30.072 | 30.316 |
| Camarilla | 29.612 | 29.651 | 29.689 | 29.727 | 29.765 | 29.804 | 29.842 |
| Woodie | 29.102 | 29.256 | 29.519 | 29.673 | 29.936 | 30.090 | 30.353 |
| Fibonacci | 29.238 | 29.397 | 29.495 | 29.655 | 29.814 | 29.912 | 30.072 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 28.137 | 28.470 | 29.014 | 29.347 | 29.891 | 30.224 | 30.768 |
| Camarilla | 29.316 | 29.396 | 29.477 | 29.557 | 29.637 | 29.718 | 29.798 |
| Woodie | 28.242 | 28.523 | 29.119 | 29.400 | 29.996 | 30.277 | 30.873 |
| Fibonacci | 28.470 | 28.805 | 29.012 | 29.347 | 29.682 | 29.889 | 30.224 |
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): | 75.92 | |
| MACD (12,26,9): | 0.0180 | |
| Directional Movement: | 22.735 | |
| AROON (14): | 42.857 | |
| DEMA (21): | 29.830 | |
| Parabolic SAR (0,02-0,02-0,2): | 29.784 | |
| Elder Ray (13): | 0.044 | |
| Super Trend (3,10): | 29.773 | |
| Zig ZAG (10): | 29.873 | |
| VORTEX (21): | 1.1240 | |
| Stochastique (14,3,5): | 96.42 | |
| TEMA (21): | 29.832 | |
| Williams %R (14): | -15.53 | |
| Chande Momentum Oscillator (20): | 0.066 | |
| Repulse (5,40,3): | 0.2040 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0060 | |
| Courbe Coppock: | 0.16 |
| MA7: | 29.726 | |
| MA20: | 29.520 | |
| MA50: | 29.221 | |
| MA100: | 29.387 | |
| MAexp7: | 29.830 | |
| MAexp20: | 29.807 | |
| MAexp50: | 29.777 | |
| MAexp100: | 29.738 | |
| Price / MA7: | +0.47% | |
| Price / MA20: | +1.18% | |
| Price / MA50: | +2.21% | |
| Price / MA100: | +1.63% | |
| Price / MAexp7: | +0.12% | |
| Price / MAexp20: | +0.20% | |
| Price / MAexp50: | +0.30% | |
| Price / MAexp100: | +0.43% |
Quotes :
-
Real time data
-
Forex
This 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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