NOK/CZK - 1H - Technical analysis published on 09/20/2024 (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:
Bullish
Underlying:
Strongly bullish
Technical indicators
61%
22%
17%
My opinion
Bullish above 2.1303 CZK
My targets
2.1522 CZK (+0.0112)
2.1732 CZK (+0.0322)
My analysis
The basic bullish trend is very strong on NOK/CZK but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 2.1303 CZK. Crossing the first resistance at 2.1522 CZK would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 2.1732 CZK as an objective. Crossing it would then enable buyers to target 2.1837 CZK. Caution, a return to below 2.1303 CZK would be a sign of a consolidation phase in the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
6.6
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Additional analysis
Quotes
The NOK/CZK price is 2.1410 CZK. The price registered a decrease of -0.01% on the session with the lowest point at 2.1293 CZK and the highest point at 2.1484 CZK. The deviation from the price is +0.55% for the low point and -0.34% for the high point.2.1293
2.1484
2.1410
A study of price movements over other periods shows the following variations:
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
A technical analysis in 1H of this NOK/CZK chart shows a strongly bullish trend. 89.29% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, of the 18 technical indicators analysed by Central Analyzer, 11 are bullish, 3 are neutral and 4 are bearish. The Central Indicators scanner found this result concerning these indicators:
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 2.1170 | 2.1303 | 2.1406 | 2.1410 | 2.1522 | 2.1732 | 2.1837 |
| Change (%) | -1.12% | -0.50% | -0.02% | - | +0.52% | +1.50% | +1.99% |
| Change | -0.0240 | -0.0107 | -0.0004 | - | +0.0112 | +0.0322 | +0.0427 |
| Level | Major | Intermediate | Intermediate | - | Major | Intermediate | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.1017 | 2.1140 | 2.1275 | 2.1398 | 2.1533 | 2.1656 | 2.1791 |
| Camarilla | 2.1340 | 2.1364 | 2.1387 | 2.1411 | 2.1435 | 2.1458 | 2.1482 |
| Woodie | 2.1024 | 2.1143 | 2.1282 | 2.1401 | 2.1540 | 2.1659 | 2.1798 |
| Fibonacci | 2.1140 | 2.1238 | 2.1299 | 2.1398 | 2.1496 | 2.1557 | 2.1656 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.0544 | 2.0711 | 2.0999 | 2.1166 | 2.1454 | 2.1621 | 2.1909 |
| Camarilla | 2.1161 | 2.1203 | 2.1244 | 2.1286 | 2.1328 | 2.1369 | 2.1411 |
| Woodie | 2.0604 | 2.0741 | 2.1059 | 2.1196 | 2.1514 | 2.1651 | 2.1969 |
| Fibonacci | 2.0711 | 2.0885 | 2.0993 | 2.1166 | 2.1340 | 2.1448 | 2.1621 |
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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 51.59 | |
| MACD (12,26,9): | -0.0005 | |
| Directional Movement: | -8.4200 | |
| AROON (14): | -50.0000 | |
| DEMA (21): | 2.1390 | |
| Parabolic SAR (0,02-0,02-0,2): | 2.1295 | |
| Elder Ray (13): | 0.0010 | |
| Super Trend (3,10): | 2.1470 | |
| Zig ZAG (10): | 2.1404 | |
| VORTEX (21): | 1.0260 | |
| Stochastique (14,3,5): | 56.37 | |
| TEMA (21): | 2.1377 | |
| Williams %R (14): | -42.41 | |
| Chande Momentum Oscillator (20): | -0.0056 | |
| Repulse (5,40,3): | 0.1737 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0040 | |
| Courbe Coppock: | 0.36 |
| MA7: | 2.1318 | |
| MA20: | 2.1263 | |
| MA50: | 2.1315 | |
| MA100: | 2.1473 | |
| MAexp7: | 2.1392 | |
| MAexp20: | 2.1395 | |
| MAexp50: | 2.1386 | |
| MAexp100: | 2.1348 | |
| Price / MA7: | +0.43% | |
| Price / MA20: | +0.69% | |
| Price / MA50: | +0.45% | |
| Price / MA100: | -0.29% | |
| Price / MAexp7: | +0.08% | |
| Price / MAexp20: | +0.07% | |
| Price / MAexp50: | +0.11% | |
| Price / MAexp100: | +0.29% |
Quotes :
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Real time data
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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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