GBP/CZK

- CZK (-)

- Real time data - Forex

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Type:	Forex
Ticker:	GBPCZK
ISIN:

GBP/CZK - 1H - Technical analysis published on 09/17/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

50%

17%

33%

My opinion

Bullish above 29.780 CZK

My targets

29.986 CZK (+0.119)

30.236 CZK (+0.369)

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 29.780 CZK. The next resistance located at 29.986 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 30.236 CZK. After this resistance, buyers could then target 31.101 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

7.1

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 29.867 CZK. On the day, this instrument lost -0.01% and was traded between 29.847 CZK and 29.890 CZK over the period. The price is currently at +0.07% from its lowest and -0.08% from its highest.

29.847

29.890

29.867

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

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

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of GBP/CZK in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 1 hour

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : 1 hour

In fact, only 9 technical indicators out of 18 studied are currently bullish. The Central Indicators scanner found no further results concerning independent technical indicators.

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:

Bullish harami

Type : Bullish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	29.706	29.780	29.849	29.867	29.879	30.236	31.101
Change (%)	-0.54%	-0.29%	-0.06%	-	+0.04%	+1.24%	+4.13%
Change	-0.161	-0.087	-0.018	-	+0.012	+0.369	+1.234
Level	Minor	Major	Minor	-	Intermediate	Intermediate	Major

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	29.674	29.718	29.793	29.837	29.912	29.956	30.031
Camarilla	29.836	29.847	29.858	29.869	29.880	29.891	29.902
Woodie	29.691	29.726	29.810	29.845	29.929	29.964	30.048
Fibonacci	29.718	29.763	29.791	29.837	29.882	29.910	29.956

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	29.409	29.510	29.647	29.748	29.885	29.986	30.123
Camarilla	29.719	29.740	29.762	29.784	29.806	29.828	29.850
Woodie	29.427	29.519	29.665	29.757	29.903	29.995	30.141
Fibonacci	29.510	29.601	29.657	29.748	29.839	29.895	29.986

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	28.226	28.735	29.241	29.750	30.256	30.765	31.271
Camarilla	29.468	29.561	29.654	29.747	29.840	29.933	30.026
Woodie	28.225	28.734	29.240	29.749	30.255	30.764	31.270
Fibonacci	28.735	29.123	29.362	29.750	30.138	30.377	30.765

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):	58.88
MACD (12,26,9):	0.0120
Directional Movement:	4.243
AROON (14):	71.428
DEMA (21):	29.875
Parabolic SAR (0,02-0,02-0,2):	29.848
Elder Ray (13):	0.003
Super Trend (3,10):	29.791
Zig ZAG (10):	29.866
VORTEX (21):	1.0870
Stochastique (14,3,5):	47.44
TEMA (21):	29.872
Williams %R (14):	-48.08
Chande Momentum Oscillator (20):	0.006
Repulse (5,40,3):	0.0200
ROCnROLL:	1
TRIX (15,9):	0.0080
Courbe Coppock:	0.02

MA7:	29.777
MA20:	29.704
MA50:	29.780
MA100:	29.501
MAexp7:	29.865
MAexp20:	29.857
MAexp50:	29.829
MAexp100:	29.797
Price / MA7:	+0.30%
Price / MA20:	+0.55%
Price / MA50:	+0.29%
Price / MA100:	+1.24%
Price / MAexp7:	+0.01%
Price / MAexp20:	+0.03%
Price / MAexp50:	+0.13%
Price / MAexp100:	+0.23%

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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