GBP/CZK
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 01/21/2025 (GMT)

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

Summary of the analysis

Trends
Short term: Neutral
Underlying: Strongly bearish
Technical indicators
61%
6%
33%
My opinion
Bearish under 29.954 CZK
My targets
29.779 CZK (-0.051)
29.740 CZK (-0.090)
My analysis
The basic trend is very bearish on GBP/CZK but buyers need to catch their breath in the short term. In a case like this, you could favour trades in the direction of the trend on GBP/CZK. As long as you stay below the resistance 29.954 CZK, sellers' retain the upper hand. A break in the support at 29.779 CZK would be a signal that the basic trend will reverse. Sellers would then use the next support located at 29.740 CZK as an objective. Crossing it would then enable sellers to target 29.469 CZK. If the price were to depress the resistance 29.954 CZK in the short term, this would be a sign of possible consolidation in the short term, but against the trend trading would then perhaps be more risky. On the other hand, we could expect signals of a reversal of the trend.

Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
2.5

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:
15 min. Daily Weekly

Additional analysis

Quotes

The GBP/CZK price is 29.830 CZK. On the day, this instrument lost -0.02% and was traded between 29.813 CZK and 29.870 CZK over the period. The price is currently at +0.06% from its lowest and -0.13% from its highest.

29.813
29.870
29.830

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Central Gaps

Bullish opening

Type : Bullish

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:

Central Records

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly


Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of this 1H chart of GBP/CZK indicates that the overall trend is strongly bearish. 82.14% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the global trend is slowing down. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:

Central Indicators

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : 1 hour



The technical indicators are bullish. There is still some doubt about the price increase.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

RSI indicator is back under 50

Type : Bearish

Timeframe : 1 hour


Price is back under the pivot point

Type : Bearish

Timeframe : 1 hour



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

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

Central Candlesticks

Bearish harami

Type : Bearish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 29.469 29.740 29.779 29.830 29.837 29.954 30.003
Change (%) -1.21% -0.30% -0.17% - +0.02% +0.42% +0.58%
Change -0.361 -0.090 -0.051 - +0.007 +0.124 +0.173
Level Intermediate Minor Intermediate - Major Minor 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
Standard29.51929.63029.73329.84429.94730.05830.161
Camarilla29.77829.79829.81729.83729.85729.87629.896
Woodie29.51629.62829.73029.84229.94430.05630.158
Fibonacci29.63029.71129.76229.84429.92529.97630.058


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard29.42029.59929.76529.94430.11030.28930.455
Camarilla29.83529.86729.89829.93029.96229.99330.025
Woodie29.41329.59629.75829.94130.10330.28630.448
Fibonacci29.59929.73129.81329.94430.07630.15830.289


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard29.64529.84630.15630.35730.66730.86831.178
Camarilla30.32630.37230.41930.46630.51330.56030.607
Woodie29.70029.87330.21130.38430.72230.89531.233
Fibonacci29.84630.04130.16230.35730.55230.67330.868

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): 49.60
MACD (12,26,9): -0.0130
Directional Movement: -7.480
AROON (14): 85.714
DEMA (21): 29.823
Parabolic SAR (0,02-0,02-0,2): 29.779
Elder Ray (13): 0.013
Super Trend (3,10): 29.896
Zig ZAG (10): 29.851
VORTEX (21): 0.9050
Stochastique (14,3,5): 83.40
TEMA (21): 29.834
Williams %R (14): -14.62
Chande Momentum Oscillator (20): 0.089
Repulse (5,40,3): 0.0540
ROCnROLL: -1
TRIX (15,9): -0.0110
Courbe Coppock: 0.18
MA7: 29.951
MA20: 30.145
MA50: 30.273
MA100: 30.195
MAexp7: 29.844
MAexp20: 29.846
MAexp50: 29.883
MAexp100: 29.924
Price / MA7: -0.40%
Price / MA20: -1.04%
Price / MA50: -1.46%
Price / MA100: -1.21%
Price / MAexp7: -0.05%
Price / MAexp20: -0.05%
Price / MAexp50: -0.18%
Price / MAexp100: -0.31%

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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