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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 02/27/2024 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Slightly bearish
Technical indicators
83%
6%
11%
My opinion
Bullish above 2.2231 CZK
My targets
2.2287 CZK (+0.0025)
2.2428 CZK (+0.0166)
My analysis
The current short-term bullish trend is expected to quickly reset the neutral or bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for NOK/CZK as long as the price remains well above 2.2231 CZK. The buyers' bullish objective is set at 2.2287 CZK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 2.2428 CZK. If there is any crossing, the next objective would be the resistance located at 2.2488 CZK. As the basic trend is not clearly displayed, attention should be paid to the price reaction to the resistance at 2.2287 CZK. On this resistance, against the trend traders who would like to go short on NOK/CZK with a bearish signal from their trading strategy, should not hesitate to act.

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
3.2

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 2.2262 CZK. The price has increased by +0.09% since the last closing with the lowest point at 2.2224 CZK and the highest point at 2.2268 CZK. The deviation from the price is +0.17% for the low point and -0.03% for the high point.

2.2224
2.2268
2.2262

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 for higher/lower results shows the following items:

Central Records

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly


Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


A technical analysis in 1H of this NOK/CZK chart shows a slightly bearish trend. 53.57% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages indicate that this slightly bearish trend could quickly be reversed. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:

Central Indicators

Bullish trend reversal : adaptative moving average 50

Type : Bullish

Timeframe : 1 hour


Moving Average bullish crossovers : MA20 & MA50

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : 1 hour



An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

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

Central Indicators

SuperTrend indicator bullish reversal

Type : Bullish

Timeframe : 1 hour



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour


Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour



The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 2.1733 2.2155 2.2231 2.2262 2.2287 2.2428 2.2488
Change (%) -2.38% -0.48% -0.14% - +0.11% +0.75% +1.02%
Change -0.0529 -0.0107 -0.0031 - +0.0025 +0.0166 +0.0226
Level Major Major Minor - Intermediate 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
Standard2.20652.21102.21762.22212.22872.23322.2398
Camarilla2.22132.22232.22332.22432.22532.22632.2274
Woodie2.20772.21152.21882.22262.22992.23372.2410
Fibonacci2.21102.21522.21782.22212.22632.22892.2332


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2.16932.19382.20802.23252.24672.27122.2854
Camarilla2.21162.21512.21872.22222.22582.22932.2328
Woodie2.16422.19122.20292.22992.24162.26862.2803
Fibonacci2.19382.20862.21772.23252.24732.25642.2712


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2.09512.12222.15332.18042.21152.23862.2697
Camarilla2.16832.17362.17902.18432.18962.19502.2003
Woodie2.09702.12322.15522.18142.21342.23962.2716
Fibonacci2.12222.14452.15822.18042.20272.21642.2386

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): 58.33
MACD (12,26,9): 0.0007
Directional Movement: 9.2180
AROON (14): 100.0000
DEMA (21): 2.2243
Parabolic SAR (0,02-0,02-0,2): 2.2224
Elder Ray (13): 0.0021
Super Trend (3,10): 2.2260
Zig ZAG (10): 2.2259
VORTEX (21): 1.1672
Stochastique (14,3,5): 73.88
TEMA (21): 2.2256
Williams %R (14): -18.18
Chande Momentum Oscillator (20): 0.0009
Repulse (5,40,3): 0.0673
ROCnROLL: 1
TRIX (15,9): 0.0032
Courbe Coppock: 0.24
MA7: 2.2328
MA20: 2.2163
MA50: 2.1942
MA100: 2.1416
MAexp7: 2.2247
MAexp20: 2.2235
MAexp50: 2.2243
MAexp100: 2.2278
Price / MA7: -0.30%
Price / MA20: +0.45%
Price / MA50: +1.46%
Price / MA100: +3.95%
Price / MAexp7: +0.07%
Price / MAexp20: +0.12%
Price / MAexp50: +0.09%
Price / MAexp100: -0.07%

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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