GBP/CZK - 1H - Technical analysis published on 02/13/2025 (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:
Neutral
Underlying:
Bearish
Technical indicators
50%
11%
39%
My opinion
Bearish under 30.237 CZK
My targets
29.837 CZK (-0.190)
29.488 CZK (-0.539)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 30.237 CZK remains possible. It is advisable to trade GBP/CZK with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 30.237 CZK. The next bearish objective for sellers is set at 29.837 CZK. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 29.488 CZK. In case of crossing, the next objective would be the support located at 29.285 CZK. PS: if there is a bullish break in the resistance located at 30.237 CZK we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
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
2.3
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
GBP/CZK rating 30.027 CZK. On the day, this instrument lost -0.02% and was between 29.977 CZK and 30.080 CZK. This implies that the price is at +0.17% from its lowest and at -0.18% from its highest.29.977
30.080
30.027
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 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 bearish. 75.00% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. 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
Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
Near horizontal support
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 29.285 | 29.837 | 30.003 | 30.027 | 30.237 | 30.313 | 30.435 |
| Change (%) | -2.47% | -0.63% | -0.08% | - | +0.70% | +0.95% | +1.36% |
| Change | -0.742 | -0.190 | -0.024 | - | +0.210 | +0.286 | +0.408 |
| Level | Intermediate | Major | Major | - | Major | Intermediate | Minor |
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 | 29.727 | 29.846 | 29.940 | 30.059 | 30.153 | 30.272 | 30.366 |
| Camarilla | 29.975 | 29.995 | 30.015 | 30.034 | 30.054 | 30.073 | 30.093 |
| Woodie | 29.715 | 29.840 | 29.928 | 30.053 | 30.141 | 30.266 | 30.354 |
| Fibonacci | 29.846 | 29.927 | 29.978 | 30.059 | 30.140 | 30.191 | 30.272 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 29.488 | 29.730 | 29.952 | 30.194 | 30.416 | 30.658 | 30.880 |
| Camarilla | 30.047 | 30.090 | 30.133 | 30.175 | 30.218 | 30.260 | 30.303 |
| Woodie | 29.479 | 29.725 | 29.943 | 30.189 | 30.407 | 30.653 | 30.871 |
| Fibonacci | 29.730 | 29.907 | 30.016 | 30.194 | 30.371 | 30.480 | 30.658 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 28.902 | 29.284 | 29.705 | 30.087 | 30.508 | 30.890 | 31.311 |
| Camarilla | 29.904 | 29.978 | 30.051 | 30.125 | 30.199 | 30.272 | 30.346 |
| Woodie | 28.921 | 29.294 | 29.724 | 30.097 | 30.527 | 30.900 | 31.330 |
| Fibonacci | 29.284 | 29.591 | 29.781 | 30.087 | 30.394 | 30.584 | 30.890 |
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): | 48.68 | |
| MACD (12,26,9): | -0.0170 | |
| Directional Movement: | -1.746 | |
| AROON (14): | 21.428 | |
| DEMA (21): | 30.002 | |
| Parabolic SAR (0,02-0,02-0,2): | 29.987 | |
| Elder Ray (13): | -0.007 | |
| Super Trend (3,10): | 30.077 | |
| Zig ZAG (10): | 30.031 | |
| VORTEX (21): | 0.8940 | |
| Stochastique (14,3,5): | 41.75 | |
| TEMA (21): | 30.003 | |
| Williams %R (14): | -48.54 | |
| Chande Momentum Oscillator (20): | -0.009 | |
| Repulse (5,40,3): | 0.0690 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0120 | |
| Courbe Coppock: | 0.01 |
| MA7: | 30.118 | |
| MA20: | 30.021 | |
| MA50: | 30.158 | |
| MA100: | 30.235 | |
| MAexp7: | 30.019 | |
| MAexp20: | 30.027 | |
| MAexp50: | 30.061 | |
| MAexp100: | 30.090 | |
| Price / MA7: | -0.30% | |
| Price / MA20: | +0.02% | |
| Price / MA50: | -0.43% | |
| Price / MA100: | -0.69% | |
| Price / MAexp7: | +0.03% | |
| Price / MAexp20: | -0% | |
| Price / MAexp50: | -0.11% | |
| Price / MAexp100: | -0.21% |
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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