NOK/CZK - 1H - Technical analysis published on 09/02/2024 (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:
Bearish
Underlying:
Strongly bearish
Technical indicators
44%
11%
44%
My opinion
Bearish under 2.1407 CZK
My targets
2.1291 CZK (-0.0068)
2.1245 CZK (-0.0114)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on NOK/CZK as long as the price remains well below 2.1407 CZK. The next bearish objective for sellers is set at 2.1291 CZK. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 2.1245 CZK. If there is any crossing, the next objective would be the support located at 2.1170 CZK. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.
In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
3.9
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.
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The NOK/CZK price is 2.1359 CZK. On the day, this instrument lost -0.01% and was between 2.1329 CZK and 2.1432 CZK. This implies that the price is at +0.14% from its lowest and at -0.34% from its highest.2.1329
2.1432
2.1359
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by NOK/CZK:
Near a new LOW record (1 year)
Type : Bearish
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
Technical analysis of this 1H chart of NOK/CZK indicates that the overall trend is strongly bearish. The signals given by moving averages are 85.71% bearish. This strongly bearish trend seems to be slowing down given the slightly bearish signals being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish and bullish signals that could impact this trend:
Bearish trend reversal : Moving Average 100
Type : Bearish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near support of channel
Type : Bullish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 2.1170 | 2.1245 | 2.1291 | 2.1359 | 2.1407 | 2.1440 | 2.1530 |
| Change (%) | -0.88% | -0.53% | -0.32% | - | +0.22% | +0.38% | +0.80% |
| Change | -0.0189 | -0.0114 | -0.0068 | - | +0.0048 | +0.0081 | +0.0171 |
| Level | Major | Minor | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 2.0953 | 2.1122 | 2.1241 | 2.1410 | 2.1529 | 2.1698 | 2.1817 |
| Camarilla | 2.1281 | 2.1307 | 2.1334 | 2.1360 | 2.1386 | 2.1413 | 2.1439 |
| Woodie | 2.0928 | 2.1110 | 2.1216 | 2.1398 | 2.1504 | 2.1686 | 2.1792 |
| Fibonacci | 2.1122 | 2.1232 | 2.1300 | 2.1410 | 2.1520 | 2.1588 | 2.1698 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.0776 | 2.0981 | 2.1170 | 2.1375 | 2.1564 | 2.1769 | 2.1958 |
| Camarilla | 2.1252 | 2.1288 | 2.1324 | 2.1360 | 2.1396 | 2.1432 | 2.1468 |
| Woodie | 2.0769 | 2.0977 | 2.1163 | 2.1371 | 2.1557 | 2.1765 | 2.1951 |
| Fibonacci | 2.0981 | 2.1131 | 2.1224 | 2.1375 | 2.1525 | 2.1618 | 2.1769 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.9998 | 2.0414 | 2.0887 | 2.1303 | 2.1776 | 2.2192 | 2.2665 |
| Camarilla | 2.1116 | 2.1197 | 2.1279 | 2.1360 | 2.1442 | 2.1523 | 2.1605 |
| Woodie | 2.0027 | 2.0428 | 2.0916 | 2.1317 | 2.1805 | 2.2206 | 2.2694 |
| Fibonacci | 2.0414 | 2.0754 | 2.0963 | 2.1303 | 2.1643 | 2.1852 | 2.2192 |
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): | 46.08 | |
| MACD (12,26,9): | -0.0011 | |
| Directional Movement: | -6.7828 | |
| AROON (14): | -35.7143 | |
| DEMA (21): | 2.1347 | |
| Parabolic SAR (0,02-0,02-0,2): | 2.1405 | |
| Elder Ray (13): | 0 | |
| Super Trend (3,10): | 2.1445 | |
| Zig ZAG (10): | 2.1360 | |
| VORTEX (21): | 0.9317 | |
| Stochastique (14,3,5): | 43.16 | |
| TEMA (21): | 2.1357 | |
| Williams %R (14): | -58.97 | |
| Chande Momentum Oscillator (20): | 0.0021 | |
| Repulse (5,40,3): | 0.0203 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0111 | |
| Courbe Coppock: | 0.05 |
| MA7: | 2.1391 | |
| MA20: | 2.1375 | |
| MA50: | 2.1512 | |
| MA100: | 2.1502 | |
| MAexp7: | 2.1360 | |
| MAexp20: | 2.1365 | |
| MAexp50: | 2.1393 | |
| MAexp100: | 2.1406 | |
| Price / MA7: | -0.15% | |
| Price / MA20: | -0.07% | |
| Price / MA50: | -0.71% | |
| Price / MA100: | -0.67% | |
| Price / MAexp7: | +0.00% | |
| Price / MAexp20: | -0.03% | |
| Price / MAexp50: | -0.16% | |
| Price / MAexp100: | -0.22% |
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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