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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 04/08/2024 (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: Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 2.1805 CZK
My targets
2.2010 CZK (+0.0133)
2.2269 CZK (+0.0392)
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 2.1805 CZK. The buyers' bullish objective is set at 2.2010 CZK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 2.2269 CZK. If there is any crossing, the next objective would be the resistance located at 2.2535 CZK. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8.9

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 2.1877 CZK. On the day, this instrument gained +0.46% and was traded between 2.1691 CZK and 2.1893 CZK over the period. The price is currently at +0.86% from its lowest and -0.07% from its highest.

2.1691
2.1893
2.1877

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Central Gaps

Bearish opening

Type : Bearish

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 the following items:

Central Records

Near a new HIGH record (1 year)

Type : Bullish

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 NOK/CZK in 1H shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour


CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

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

Central Indicators

Pivot points : price is over resistance 2

Type : Neutral

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 presence of these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:

Central Candlesticks

Bearish harami

Type : Bearish

Timeframe : 1 hour


Three white soldiers

Type : Bullish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 2.1733 2.1805 2.1862 2.1877 2.2010 2.2269 2.2535
Change (%) -0.66% -0.33% -0.07% - +0.61% +1.79% +3.01%
Change -0.0144 -0.0072 -0.0015 - +0.0133 +0.0392 +0.0658
Level Major Minor Intermediate - Intermediate Minor Intermediate



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
Standard2.15972.16492.17132.17652.18292.18812.1945
Camarilla2.17442.17552.17652.17762.17872.17972.1808
Woodie2.16022.16522.17182.17682.18342.18842.1950
Fibonacci2.16492.16942.17212.17652.18102.18372.1881


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2.11012.12712.15232.16932.19452.21152.2367
Camarilla2.16602.16992.17372.17762.18152.18532.1892
Woodie2.11432.12922.15652.17142.19872.21362.2409
Fibonacci2.12712.14322.15322.16932.18542.19542.2115


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2.03402.08952.12742.18292.22082.27632.3142
Camarilla2.13952.14812.15662.16522.17382.18232.1909
Woodie2.02512.08512.11852.17852.21192.27192.3053
Fibonacci2.08952.12522.14732.18292.21862.24072.2763

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): 73.03
MACD (12,26,9): 0.0028
Directional Movement: 22.0240
AROON (14): 78.5714
DEMA (21): 2.1830
Parabolic SAR (0,02-0,02-0,2): 2.1741
Elder Ray (13): 0.0060
Super Trend (3,10): 2.1766
Zig ZAG (10): 2.1892
VORTEX (21): 1.1152
Stochastique (14,3,5): 96.57
TEMA (21): 2.1857
Williams %R (14): -2.48
Chande Momentum Oscillator (20): 0.0181
Repulse (5,40,3): 0.3133
ROCnROLL: 1
TRIX (15,9): 0.0066
Courbe Coppock: 0.88
MA7: 2.1720
MA20: 2.1784
MA50: 2.2003
MA100: 2.1696
MAexp7: 2.1844
MAexp20: 2.1801
MAexp50: 2.1776
MAexp100: 2.1749
Price / MA7: +0.72%
Price / MA20: +0.43%
Price / MA50: -0.57%
Price / MA100: +0.83%
Price / MAexp7: +0.15%
Price / MAexp20: +0.35%
Price / MAexp50: +0.46%
Price / MAexp100: +0.59%

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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