NOK/CZK - 1H - Technical analysis published on 04/17/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
28%
44%
28%
My opinion
Bearish under 2.1691 CZK
My targets
2.1568 CZK (-0.0027)
2.1478 CZK (-0.0117)
My analysis
NOK/CZK is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 2.1691 CZK. The next support located at 2.1568 CZK is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 2.1478 CZK. Below this support, sellers could then target 2.1096 CZK. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
6.6
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.
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Additional analysis
Quotes
The NOK/CZK rating is 2.1595 CZK. On the day, this instrument lost -0.01% with the lowest point at 2.1566 CZK and the highest point at 2.1653 CZK. The deviation from the price is +0.13% for the low point and -0.27% for the high point.2.1566
2.1653
2.1595
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
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:
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 overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
Momentum indicator is back under 0
Type : Bearish
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 this result:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 2.1096 | 2.1478 | 2.1568 | 2.1595 | 2.1691 | 2.1733 | 2.1783 |
| Change (%) | -2.31% | -0.54% | -0.13% | - | +0.44% | +0.64% | +0.87% |
| Change | -0.0499 | -0.0117 | -0.0027 | - | +0.0096 | +0.0138 | +0.0188 |
| Level | Minor | Major | Intermediate | - | Minor | Major | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 2.1299 | 2.1433 | 2.1515 | 2.1649 | 2.1731 | 2.1865 | 2.1947 |
| Camarilla | 2.1537 | 2.1556 | 2.1576 | 2.1596 | 2.1616 | 2.1636 | 2.1655 |
| Woodie | 2.1272 | 2.1420 | 2.1488 | 2.1636 | 2.1704 | 2.1852 | 2.1920 |
| Fibonacci | 2.1433 | 2.1516 | 2.1567 | 2.1649 | 2.1732 | 2.1783 | 2.1865 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.1397 | 2.1544 | 2.1688 | 2.1835 | 2.1979 | 2.2126 | 2.2270 |
| Camarilla | 2.1752 | 2.1779 | 2.1805 | 2.1832 | 2.1859 | 2.1885 | 2.1912 |
| Woodie | 2.1396 | 2.1543 | 2.1687 | 2.1834 | 2.1978 | 2.2125 | 2.2269 |
| Fibonacci | 2.1544 | 2.1655 | 2.1724 | 2.1835 | 2.1946 | 2.2015 | 2.2126 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.0340 | 2.0895 | 2.1274 | 2.1829 | 2.2208 | 2.2763 | 2.3142 |
| Camarilla | 2.1395 | 2.1481 | 2.1566 | 2.1652 | 2.1738 | 2.1823 | 2.1909 |
| Woodie | 2.0251 | 2.0851 | 2.1185 | 2.1785 | 2.2119 | 2.2719 | 2.3053 |
| Fibonacci | 2.0895 | 2.1252 | 2.1473 | 2.1829 | 2.2186 | 2.2407 | 2.2763 |
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): | 42.33 | |
| MACD (12,26,9): | -0.0019 | |
| Directional Movement: | -10.6154 | |
| AROON (14): | 14.2857 | |
| DEMA (21): | 2.1588 | |
| Parabolic SAR (0,02-0,02-0,2): | 2.1573 | |
| Elder Ray (13): | -0.0001 | |
| Super Trend (3,10): | 2.1677 | |
| Zig ZAG (10): | 2.1599 | |
| VORTEX (21): | 0.9898 | |
| Stochastique (14,3,5): | 65.90 | |
| TEMA (21): | 2.1600 | |
| Williams %R (14): | -66.67 | |
| Chande Momentum Oscillator (20): | -0.0026 | |
| Repulse (5,40,3): | -0.1383 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0196 | |
| Courbe Coppock: | 0.06 |
| MA7: | 2.1777 | |
| MA20: | 2.1744 | |
| MA50: | 2.1992 | |
| MA100: | 2.1760 | |
| MAexp7: | 2.1612 | |
| MAexp20: | 2.1620 | |
| MAexp50: | 2.1674 | |
| MAexp100: | 2.1732 | |
| Price / MA7: | -0.84% | |
| Price / MA20: | -0.69% | |
| Price / MA50: | -1.81% | |
| Price / MA100: | -0.76% | |
| Price / MAexp7: | -0.08% | |
| Price / MAexp20: | -0.12% | |
| Price / MAexp50: | -0.36% | |
| Price / MAexp100: | -0.63% |
Quotes :
-
Real time data
-
Forex
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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