GBP/CZK

- CZK (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Forex
Ticker:	GBPCZK
ISIN:

GBP/CZK - 1H - Technical analysis published on 08/26/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

50%

11%

39%

My opinion

Bullish above 29.529 CZK

My targets

29.630 CZK (+0.051)

29.663 CZK (+0.084)

My analysis

GBP/CZK is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 29.529 CZK. The next resistance located at 29.630 CZK is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 29.663 CZK. After this resistance, buyers could then target 29.780 CZK. With the current pattern, you will need to monitor for possible bullish 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 bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

7.3

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

The GBP/CZK rating is 29.579 CZK. The price registered a decrease of -0.02% on the session and was traded between 29.503 CZK and 29.625 CZK over the period. The price is currently at +0.26% from its lowest and -0.16% from its highest.

29.503

29.625

29.579

A bearish gap was detected at the opening by the Central Gaps scanner. There are a lot of sellers and they have the upper hand in the very short term.

Opening Gap DOWN

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:

Near a new HIGH record (1 year)

Type : Bullish

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 GBP/CZK chart shows a strongly 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 scanner detects bullish and bearish signals on moving averages that could impact this trend:

Bearish trend reversal : adaptative moving average 20

Type : Bearish

Timeframe : 1 hour

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 1 hour

An assessment of technical indicators shows a slightly bullish signal.
Other results related to technical indicators were also found by the Central Indicators scanner:

RSI indicator is back over 50

Type : Bullish

Timeframe : 1 hour

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Williams %R 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:

Near support of channel

Type : Bullish

Timeframe : 1 hour

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	29.475	29.529	29.565	29.579	29.630	29.663	29.780
Change (%)	-0.35%	-0.17%	-0.05%	-	+0.17%	+0.28%	+0.68%
Change	-0.104	-0.050	-0.014	-	+0.051	+0.084	+0.201
Level	Minor	Intermediate	Intermediate	-	Minor	Major	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	29.399	29.464	29.524	29.589	29.649	29.714	29.774
Camarilla	29.550	29.561	29.573	29.584	29.596	29.607	29.618
Woodie	29.397	29.463	29.522	29.588	29.647	29.713	29.772
Fibonacci	29.464	29.512	29.541	29.589	29.637	29.666	29.714

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	29.129	29.248	29.416	29.535	29.703	29.822	29.990
Camarilla	29.505	29.531	29.558	29.584	29.610	29.637	29.663
Woodie	29.154	29.260	29.441	29.547	29.728	29.834	30.015
Fibonacci	29.248	29.358	29.425	29.535	29.645	29.712	29.822

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	28.727	29.068	29.631	29.972	30.535	30.876	31.439
Camarilla	29.944	30.027	30.110	30.193	30.276	30.359	30.442
Woodie	28.837	29.124	29.741	30.028	30.645	30.932	31.549
Fibonacci	29.068	29.414	29.627	29.972	30.318	30.531	30.876

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):	51.07
MACD (12,26,9):	0.0040
Directional Movement:	1.937
AROON (14):	21.428
DEMA (21):	29.576
Parabolic SAR (0,02-0,02-0,2):	29.554
Elder Ray (13):	-0.002
Super Trend (3,10):	29.523
Zig ZAG (10):	29.573
VORTEX (21):	1.0080
Stochastique (14,3,5):	51.43
TEMA (21):	29.573
Williams %R (14):	-51.43
Chande Momentum Oscillator (20):	0.012
Repulse (5,40,3):	-0.0130
ROCnROLL:	1
TRIX (15,9):	0.0010
Courbe Coppock:	0.09

MA7:	29.519
MA20:	29.578
MA50:	29.727
MA100:	29.460
MAexp7:	29.577
MAexp20:	29.570
MAexp50:	29.557
MAexp100:	29.534
Price / MA7:	+0.20%
Price / MA20:	+0.00%
Price / MA50:	-0.50%
Price / MA100:	+0.40%
Price / MAexp7:	+0.00%
Price / MAexp20:	+0.02%
Price / MAexp50:	+0.06%
Price / MAexp100:	+0.14%

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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