GBP/CZK

- CZK (-)

- Real time data - Forex

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Type:	Forex
Ticker:	GBPCZK
ISIN:

GBP/CZK - 1H - Technical analysis published on 07/30/2024 (GMT)

Londinia

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

Summary of the analysis

Trends

Short term: Bullish

Underlying: Bullish

Technical indicators

33%

17%

50%

My opinion

Bullish above 30.066 CZK

My targets

30.223 CZK (+0.043)

30.282 CZK (+0.102)

My analysis

A bullish trend on GBP/CZK both in substance and in the short term. A purchase could be considered as long as the price remains above 30.066 CZK. Each resistance break is a strong signal that the current trend will continue. The first bullish objective would be 30.223 CZK. Then the price could move towards 30.282 CZK. Then 30.314 CZK by extension. Be careful, a return below 30.066 CZK would be a sign of the trend weakening and a possible correction phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend could be riskier.

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

Force

3.4

Comment on the analysis

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

GBP/CZK rating 30.180 CZK. The price is lower by -0.04% since the last closing and was traded between 30.143 CZK and 30.218 CZK over the period. The price is currently at +0.12% from its lowest and -0.13% from its highest.

30.143

30.218

30.180

Here is a more detailed summary of the historical variations registered by GBP/CZK:

The Central Records scanner for higher/lower results shows the following items:

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

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 LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of GBP/CZK indicates that the overall trend is bullish. The signals given by moving averages are 67.86% bullish. This bullish trend is slowing down slightly given the slightly bullish signals of short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:

Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : 1 hour

An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Williams %R indicator is back over -50

Type : Bullish

Timeframe : 1 hour

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Near resistance of channel

Type : Bearish

Timeframe : 1 hour

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	29.909	29.972	30.066	30.180	30.181	30.223	30.282
Change (%)	-0.90%	-0.69%	-0.38%	-	+0.00%	+0.14%	+0.34%
Change	-0.271	-0.208	-0.114	-	+0.001	+0.043	+0.102
Level	Intermediate	Intermediate	Intermediate	-	Major	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	29.800	29.886	30.039	30.125	30.278	30.364	30.517
Camarilla	30.127	30.149	30.171	30.193	30.215	30.237	30.259
Woodie	29.835	29.903	30.074	30.142	30.313	30.381	30.552
Fibonacci	29.886	29.977	30.033	30.125	30.216	30.272	30.364

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	29.457	29.684	29.859	30.086	30.261	30.488	30.663
Camarilla	29.923	29.959	29.996	30.033	30.070	30.107	30.144
Woodie	29.430	29.671	29.832	30.073	30.234	30.475	30.636
Fibonacci	29.684	29.838	29.933	30.086	30.240	30.335	30.488

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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	57.33
MACD (12,26,9):	0.0140
Directional Movement:	5.708
AROON (14):	57.143
DEMA (21):	30.196
Parabolic SAR (0,02-0,02-0,2):	30.150
Elder Ray (13):	0.002
Super Trend (3,10):	30.113
Zig ZAG (10):	30.185
VORTEX (21):	0.9800
Stochastique (14,3,5):	55.11
TEMA (21):	30.190
Williams %R (14):	-49.33
Chande Momentum Oscillator (20):	0.001
Repulse (5,40,3):	-0.0060
ROCnROLL:	-1
TRIX (15,9):	0.0090
Courbe Coppock:	0.00

MA7:	30.129
MA20:	30.023
MA50:	29.552
MA100:	29.457
MAexp7:	30.183
MAexp20:	30.175
MAexp50:	30.146
MAexp100:	30.130
Price / MA7:	+0.17%
Price / MA20:	+0.52%
Price / MA50:	+2.13%
Price / MA100:	+2.45%
Price / MAexp7:	-0.01%
Price / MAexp20:	+0.02%
Price / MAexp50:	+0.11%
Price / MAexp100:	+0.17%

Quotes : - Real time data - Forex

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

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