GBP/CZK - 1H - Technical analysis published on 11/14/2024 (GMT)
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I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Bearish
Technical indicators
39%
11%
50%
My opinion
Bearish under 30.491 CZK
My targets
30.298 CZK (-0.112)
30.236 CZK (-0.174)
My analysis
All elements being rather bearish, it would be possible for traders to trade only short positions (for sale) on GBP/CZK as long as the price remains well below 30.491 CZK. The next bearish objective for sellers is set at 30.298 CZK. A bearish break of this support would revive the bearish momentum. Sellers could then target the next support located at 30.236 CZK. If there is any crossing, the next objective would be the support located at 30.049 CZK. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bearish, basic trend. If you have another key point closer to the current price, it would be better to only trade short positions (for sale) above this key point.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
2.7
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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 price is 30.410 CZK. The price has increased by +0.00% since the last closing and was between 30.375 CZK and 30.439 CZK. This implies that the price is at +0.12% from its lowest and at -0.10% from its highest.30.375
30.439
30.410
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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 GBP/CZK in 1H shows an overall bearish trend. 75.00% of the signals given by moving averages are bearish. The overall trend seems to be showing some signs of weakness, as do the tentative bearish signals from 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, according to the parameters integrated into the Central Analyzer system, only 7 technical indicators out of 18 analysed are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 30.236 | 30.298 | 30.404 | 30.410 | 30.491 | 30.542 | 30.611 |
| Change (%) | -0.57% | -0.37% | -0.02% | - | +0.27% | +0.43% | +0.66% |
| Change | -0.174 | -0.112 | -0.006 | - | +0.081 | +0.132 | +0.201 |
| Level | Major | Intermediate | Minor | - | Intermediate | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 30.115 | 30.206 | 30.309 | 30.400 | 30.503 | 30.594 | 30.697 |
| Camarilla | 30.358 | 30.375 | 30.393 | 30.411 | 30.429 | 30.447 | 30.464 |
| Woodie | 30.120 | 30.209 | 30.314 | 30.403 | 30.508 | 30.597 | 30.702 |
| Fibonacci | 30.206 | 30.280 | 30.326 | 30.400 | 30.474 | 30.520 | 30.594 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 29.648 | 29.849 | 30.141 | 30.342 | 30.634 | 30.835 | 31.127 |
| Camarilla | 30.298 | 30.344 | 30.389 | 30.434 | 30.479 | 30.524 | 30.570 |
| Woodie | 29.695 | 29.872 | 30.188 | 30.365 | 30.681 | 30.858 | 31.174 |
| Fibonacci | 29.849 | 30.037 | 30.153 | 30.342 | 30.530 | 30.646 | 30.835 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 29.166 | 29.562 | 29.782 | 30.178 | 30.398 | 30.794 | 31.014 |
| Camarilla | 29.834 | 29.890 | 29.947 | 30.003 | 30.060 | 30.116 | 30.172 |
| Woodie | 29.079 | 29.518 | 29.695 | 30.134 | 30.311 | 30.750 | 30.927 |
| Fibonacci | 29.562 | 29.797 | 29.942 | 30.178 | 30.413 | 30.558 | 30.794 |
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): | 47.99 | |
| MACD (12,26,9): | -0.0070 | |
| Directional Movement: | -1.475 | |
| AROON (14): | -71.428 | |
| DEMA (21): | 30.402 | |
| Parabolic SAR (0,02-0,02-0,2): | 30.451 | |
| Elder Ray (13): | 0.009 | |
| Super Trend (3,10): | 30.451 | |
| Zig ZAG (10): | 30.419 | |
| VORTEX (21): | 1.1430 | |
| Stochastique (14,3,5): | 48.95 | |
| TEMA (21): | 30.415 | |
| Williams %R (14): | -40.51 | |
| Chande Momentum Oscillator (20): | -0.016 | |
| Repulse (5,40,3): | 0.0200 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0060 | |
| Courbe Coppock: | 0.05 |
| MA7: | 30.443 | |
| MA20: | 30.335 | |
| MA50: | 30.175 | |
| MA100: | 29.973 | |
| MAexp7: | 30.414 | |
| MAexp20: | 30.415 | |
| MAexp50: | 30.440 | |
| MAexp100: | 30.443 | |
| Price / MA7: | -0.11% | |
| Price / MA20: | +0.25% | |
| Price / MA50: | +0.78% | |
| Price / MA100: | +1.46% | |
| Price / MAexp7: | -0.01% | |
| Price / MAexp20: | -0.02% | |
| Price / MAexp50: | -0.10% | |
| Price / MAexp100: | -0.11% |
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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