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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 11/20/2023 (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 bullish
Underlying: Strongly bullish
Technical indicators
67%
0%
33%
My opinion
Bullish above 2.0816 CZK
My targets
2.0941 CZK (+0.0017)
2.1095 CZK (+0.0171)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on NOK/CZK as long as the price remains well above 2.0816 CZK. The buyers' bullish objective is set at 2.0941 CZK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 2.1095 CZK. If there is any crossing, the next objective would be the resistance located at 2.1290 CZK. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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
0
10
7.9

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

NOK/CZK rating 2.0924 CZK. On the day, this instrument gained +0.81% and was traded between 2.0738 CZK and 2.0962 CZK over the period. The price is currently at +0.90% from its lowest and -0.18% from its highest.

2.0738
2.0962
2.0924

The Central Gaps scanner detects a bullish opening. A small advantage for buyers 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 for higher/lower results shows an item:

Central Records

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of this 1H chart of NOK/CZK indicates that the overall trend is strongly bullish. 89.29% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

An assessment of technical indicators shows a moderate bullish signal.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is back under -50

Type : Bearish

Timeframe : 1 hour



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour


Resistance of channel is broken

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


S3S2S1PriceR1R2R3
ProTrendLines 2.0762 2.0816 2.0917 2.0924 2.1095 2.1290 2.1732
Change (%) -0.77% -0.52% -0.03% - +0.82% +1.75% +3.86%
Change -0.0162 -0.0108 -0.0007 - +0.0171 +0.0366 +0.0808
Level Major Minor Intermediate - Intermediate Minor Major



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2.04122.05012.06282.07172.08442.09332.1060
Camarilla2.06962.07152.07352.07552.07752.07952.0814
Woodie2.04312.05112.06472.07272.08632.09432.1079
Fibonacci2.05012.05842.06352.07172.08002.08512.0933


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2.01492.03352.05452.07312.09412.11272.1337
Camarilla2.06462.06822.07192.07552.07912.08282.0864
Woodie2.01612.03412.05572.07372.09532.11332.1349
Fibonacci2.03352.04862.05802.07312.08822.09762.1127


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.93401.99972.03902.10472.14402.20972.2490
Camarilla2.04942.05912.06872.07832.08792.09762.1072
Woodie1.92081.99312.02582.09812.13082.20312.2358
Fibonacci1.99972.03982.06462.10472.14482.16962.2097

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): 65.61
MACD (12,26,9): 0.0048
Directional Movement: 10.5654
AROON (14): 50.0000
DEMA (21): 2.0905
Parabolic SAR (0,02-0,02-0,2): 2.0856
Elder Ray (13): 0.0017
Super Trend (3,10): 2.0823
Zig ZAG (10): 2.0914
VORTEX (21): 1.0985
Stochastique (14,3,5): 75.83
TEMA (21): 2.0930
Williams %R (14): -25.71
Chande Momentum Oscillator (20): 0.0096
Repulse (5,40,3): 0.2460
ROCnROLL: 1
TRIX (15,9): 0.0302
Courbe Coppock: 1.04
MA7: 2.0749
MA20: 2.0742
MA50: 2.1076
MA100: 2.1100
MAexp7: 2.0898
MAexp20: 2.0844
MAexp50: 2.0786
MAexp100: 2.0751
Price / MA7: +0.84%
Price / MA20: +0.88%
Price / MA50: -0.72%
Price / MA100: -0.83%
Price / MAexp7: +0.12%
Price / MAexp20: +0.38%
Price / MAexp50: +0.66%
Price / MAexp100: +0.83%

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 AI

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