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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 03/01/2024 (GMT)

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Londinia
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  • Timeframe : 1H
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 2.2133 CZK
My targets
2.2426 CZK (+0.0171)
2.2535 CZK (+0.0280)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on NOK/CZK. This is a positive signal for buyers. As long as the price remains above 2.2133 CZK, a purchase could be considered. The first bullish objective is located at 2.2426 CZK. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 2.2535 CZK as an objective. Crossing it would then enable buyers to target 2.3040 CZK. In the event of a return below 2.2133 CZK, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.

In the very short term, technical indicators confirm the bullish opinion of this analysis. 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

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 2.2255 CZK. On the day, this instrument gained +0.84% with the lowest point at 2.2042 CZK and the highest point at 2.2264 CZK. The deviation from the price is +0.97% for the low point and -0.04% for the high point.

2.2042
2.2264
2.2255

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Central Gaps

Bearish opening

Type : Bearish

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 HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly


Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


A technical analysis in 1H of this NOK/CZK chart shows a bullish trend. The signals returned by the moving averages are 78.57% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:

Central Indicators

Bullish trend reversal : Moving Average 100

Type : Bullish

Timeframe : 1 hour


Bullish trend reversal : adaptative moving average 100

Type : Bullish

Timeframe : 1 hour



In fact, according to the parameters integrated into the Central Analyzer system, 14 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour


CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : 1 hour


RSI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found this result concerning these indicators:

Central Indicators

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : 1 hour



An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Central Patterns

Horizontal resistance is broken

Type : Bullish

Timeframe : 1 hour


Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour


Resistance of triangle is broken

Type : Bullish

Timeframe : 1 hour



No result was found by the Central Candlesticks scanner on Japanese candlesticks.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 2.1733 2.1992 2.2133 2.2255 2.2268 2.2426 2.2535
Change (%) -2.35% -1.18% -0.55% - +0.06% +0.77% +1.26%
Change -0.0522 -0.0263 -0.0122 - +0.0013 +0.0171 +0.0280
Level Major Intermediate Intermediate - Major Minor Major



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
Standard2.18572.19252.19972.20652.21372.22052.2277
Camarilla2.20322.20442.20572.20702.20832.20962.2109
Woodie2.18602.19262.20002.20662.21402.22062.2280
Fibonacci2.19252.19782.20112.20652.21182.21512.2205


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
Standard2.07832.12412.16552.21132.25272.29852.3399
Camarilla2.18302.19102.19902.20702.21502.22302.2310
Woodie2.07622.12302.16342.21022.25062.29742.3378
Fibonacci2.12412.15742.17802.21132.24462.26522.2985

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): 73.35
MACD (12,26,9): 0.0031
Directional Movement: 12.1677
AROON (14): 57.1429
DEMA (21): 2.2168
Parabolic SAR (0,02-0,02-0,2): 2.2087
Elder Ray (13): 0.0102
Super Trend (3,10): 2.2117
Zig ZAG (10): 2.2249
VORTEX (21): 1.2266
Stochastique (14,3,5): 86.51
TEMA (21): 2.2195
Williams %R (14): -6.76
Chande Momentum Oscillator (20): 0.0145
Repulse (5,40,3): 0.4547
ROCnROLL: 1
TRIX (15,9): 0.0113
Courbe Coppock: 0.73
MA7: 2.2186
MA20: 2.2199
MA50: 2.1968
MA100: 2.1437
MAexp7: 2.2180
MAexp20: 2.2134
MAexp50: 2.2115
MAexp100: 2.2143
Price / MA7: +0.31%
Price / MA20: +0.25%
Price / MA50: +1.31%
Price / MA100: +3.82%
Price / MAexp7: +0.34%
Price / MAexp20: +0.55%
Price / MAexp50: +0.63%
Price / MAexp100: +0.51%

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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