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 05/03/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Slightly bullish

Technical indicators

83%

11%

My opinion

Bullish above 2.1096 CZK

My targets

2.1391 CZK (+0.0101)

2.1478 CZK (+0.0188)

My analysis

The short-term increase currently reinforces the basic trend, which is only slightly bullish. It would be possible for traders to only trade long positions (at the time of purchase) on NOK/CZK as long as the price remains well above 2.1096 CZK. The buyers' bullish objective is set at 2.1391 CZK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 2.1478 CZK. If there is any crossing, the next objective would be the resistance located at 2.1638 CZK.

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

5.2

Comment on the analysis

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 2.1290 CZK. On the day, this instrument gained +0.57% and was traded between 2.1161 CZK and 2.1308 CZK over the period. The price is currently at +0.61% from its lowest and -0.08% from its highest.

2.1161

2.1308

2.1290

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

A study of price movements over other periods shows the following variations:

The Central Records scanner for higher/lower results shows the following items:

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

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 slightly bullish. 60.71% of the signals given by moving averages are bullish. This slightly bullish trend could be reinforced by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:

Bullish trend reversal : Moving Average 50

Type : Bullish

Timeframe : 1 hour

Bullish trend reversal : adaptative moving average 50

Type : Bullish

Timeframe : 1 hour

Bullish price crossover with Moving Average 100

Type : Bullish

Timeframe : 1 hour

Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : 1 hour

Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : 1 hour

The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour

Ichimoku : price is over the cloud

Type : Bullish

Timeframe : 1 hour

SuperTrend indicator bullish reversal

Type : Bullish

Timeframe : 1 hour

MACD indicator is back over 0

Type : Bullish

Timeframe : 1 hour

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

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:

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

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	2.0918	2.1018	2.1096	2.1290	2.1303	2.1391	2.1478
Change (%)	-1.75%	-1.28%	-0.91%	-	+0.06%	+0.47%	+0.88%
Change	-0.0372	-0.0272	-0.0194	-	+0.0013	+0.0101	+0.0188
Level	Minor	Minor	Intermediate	-	Minor	Minor	Major

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.0866	2.0969	2.1069	2.1172	2.1272	2.1375	2.1475
Camarilla	2.1114	2.1133	2.1151	2.1170	2.1189	2.1207	2.1226
Woodie	2.0866	2.0968	2.1069	2.1171	2.1272	2.1374	2.1475
Fibonacci	2.0969	2.1046	2.1094	2.1172	2.1249	2.1297	2.1375

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.0387	2.0703	2.1009	2.1325	2.1631	2.1947	2.2253
Camarilla	2.1145	2.1202	2.1259	2.1316	2.1373	2.1430	2.1487
Woodie	2.0383	2.0701	2.1005	2.1323	2.1627	2.1945	2.2249
Fibonacci	2.0703	2.0940	2.1087	2.1325	2.1562	2.1709	2.1947

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.9860	2.0439	2.0824	2.1403	2.1788	2.2367	2.2752
Camarilla	2.0944	2.1032	2.1121	2.1209	2.1297	2.1386	2.1474
Woodie	1.9763	2.0391	2.0727	2.1355	2.1691	2.2319	2.2655
Fibonacci	2.0439	2.0807	2.1035	2.1403	2.1771	2.1999	2.2367

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):	69.12
MACD (12,26,9):	0.0006
Directional Movement:	18.6037
AROON (14):	71.4286
DEMA (21):	2.1198
Parabolic SAR (0,02-0,02-0,2):	2.1112
Elder Ray (13):	0.0066
Super Trend (3,10):	2.1150
Zig ZAG (10):	2.1289
VORTEX (21):	1.0578
Stochastique (14,3,5):	76.80
TEMA (21):	2.1216
Williams %R (14):	-12.20
Chande Momentum Oscillator (20):	0.0126
Repulse (5,40,3):	0.5360
ROCnROLL:	1
TRIX (15,9):	-0.0043
Courbe Coppock:	0.39

MA7:	2.1283
MA20:	2.1542
MA50:	2.1769
MA100:	2.1837
MAexp7:	2.1217
MAexp20:	2.1195
MAexp50:	2.1207
MAexp100:	2.1247
Price / MA7:	+0.03%
Price / MA20:	-1.17%
Price / MA50:	-2.20%
Price / MA100:	-2.50%
Price / MAexp7:	+0.34%
Price / MAexp20:	+0.45%
Price / MAexp50:	+0.39%
Price / MAexp100:	+0.20%

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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