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 09/20/2024 (GMT)

Londinia

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

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

6.6

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.

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 2.1410 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:

The study of the highest / lowest by the Central Records scanner shows the following results:

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

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 : - Real time data - Forex

This member declared not having a position on this financial instrument or a related financial instrument.

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