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NOK/CZK
NOK CZK
- CZK (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: NOKCZK
ISIN:

NOK/CZK - 1H - Technical analysis published on 09/25/2023 (GMT)

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

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Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Slightly bearish
Technical indicators
11%
61%
28%
My opinion
Bearish under 2.1359 CZK
My targets
2.1235 CZK (-0.0055)
2.1153 CZK (-0.0137)
My analysis
NOK/CZK is currently trying to strengthen its basic trend with a very bearish short term. As long as the price remains below 2.1359 CZK, traders may consider taking advantage of this bearish acceleration and setting themselves to trade only in short positions (for sale). Sellers will encounter the support at 2.1235 CZK. A bearish break in this support would confirm a continuation of the bearish acceleration. The next support located at 2.1153 CZK would then be the next bearish objective for sellers. Crossing it would then enable sellers to target 2.1114 CZK. Beware of a possible return to above the resistance located at 2.1359 CZK which would be a sign of a correction of the short-term bearish excesses registered.

In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
4.1

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.

Londinia
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 NOK/CZK price is 2.1290 CZK. The price registered a decrease of -0.10% on the session and was traded between 2.1280 CZK and 2.1403 CZK over the period. The price is currently at +0.05% from its lowest and -0.53% from its highest.

2.1280
2.1403
2.1290

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by NOK/CZK:
The Central Records scanner, which identifies the highest / lowest, has detected an element:

Central Records

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of this 1H chart of NOK/CZK indicates that the overall trend is slightly bearish. 57.14% of the signals given by moving averages are bearish. This slightly bearish trend could be reinforced by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish and bullish signals that could impact this trend:

Central Indicators

Bearish trend reversal : Moving Average 50

Type : Bearish

Timeframe : 1 hour


Bearish trend reversal : adaptative moving average 50

Type : Bearish

Timeframe : 1 hour


Bearish trend reversal : adaptative moving average 100

Type : Bearish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : 1 hour



In fact, 11 technical indicators on 18 studied are currently bearish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour


Previous candle closed under Bollinger bands

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Central Indicators

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:

Central Patterns

Near horizontal support

Type : Bullish

Timeframe : 1 hour


Near support of triangle

Type : Bullish

Timeframe : 1 hour


Support of channel is broken

Type : Bearish

Timeframe : 1 hour



The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 2.1114 2.1153 2.1235 2.1290 2.1300 2.1359 2.1457
Change (%) -0.83% -0.64% -0.26% - +0.05% +0.32% +0.78%
Change -0.0176 -0.0137 -0.0055 - +0.0010 +0.0069 +0.0167
Level Intermediate Intermediate Minor - Major Intermediate 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
Standard2.08292.10202.11652.13562.15012.16922.1837
Camarilla2.12192.12492.12802.13112.13422.13732.1403
Woodie2.08072.10092.11432.13452.14792.16812.1815
Fibonacci2.10202.11482.12272.13562.14842.15632.1692


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2.06232.08542.10832.13142.15432.17742.2003
Camarilla2.11852.12272.12692.13112.13532.13952.1438
Woodie2.06212.08542.10812.13142.15412.17742.2001
Fibonacci2.08542.10302.11392.13142.14902.15992.1774


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.93342.00192.04502.11352.15662.22512.2682
Camarilla2.05742.06762.07792.08812.09832.10862.1188
Woodie1.92071.99562.03232.10722.14392.21882.2555
Fibonacci2.00192.04452.07092.11352.15612.18252.2251

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): 43.37
MACD (12,26,9): -0.0004
Directional Movement: -0.4251
AROON (14): -50.0000
DEMA (21): 2.1321
Parabolic SAR (0,02-0,02-0,2): 2.1441
Elder Ray (13): -0.0030
Super Trend (3,10): 2.1236
Zig ZAG (10): 2.1290
VORTEX (21): 0.9798
Stochastique (14,3,5): 11.40
TEMA (21): 2.1306
Williams %R (14): -91.06
Chande Momentum Oscillator (20): -0.0041
Repulse (5,40,3): -0.1695
ROCnROLL: 2
TRIX (15,9): 0.0023
Courbe Coppock: 0.24
MA7: 2.1264
MA20: 2.1188
MA50: 2.1224
MA100: 2.0773
MAexp7: 2.1309
MAexp20: 2.1322
MAexp50: 2.1311
MAexp100: 2.1296
Price / MA7: +0.12%
Price / MA20: +0.48%
Price / MA50: +0.31%
Price / MA100: +2.49%
Price / MAexp7: -0.09%
Price / MAexp20: -0.15%
Price / MAexp50: -0.10%
Price / MAexp100: -0.03%

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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Londinia
Londinia AI

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