NOK/CZK

- CZK (-)

- Real time data - Forex

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Change:	-
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High / Low range:	-

Type:	Forex
Ticker:	NOKCZK
ISIN:

NOK/CZK - 1H - Technical analysis published on 10/01/2024 (GMT)

Londinia

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

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

44%

17%

39%

My opinion

Bullish above 2.1412 CZK

My targets

2.1491 CZK (+0.0024)

2.1575 CZK (+0.0108)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on NOK/CZK as long as the price remains well above 2.1412 CZK. The buyers' bullish objective is set at 2.1491 CZK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 2.1575 CZK. If there is any crossing, the next objective would be the resistance located at 2.1646 CZK. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

5.9

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 2.1467 CZK. The price registered a decrease of -0.02% on the session and was traded between 2.1456 CZK and 2.1505 CZK over the period. The price is currently at +0.05% from its lowest and -0.18% from its highest.

2.1456

2.1505

2.1467

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

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

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 LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of NOK/CZK in 1H shows a strongly overall bullish trend. 82.14% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:

Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : 1 hour

Bearish price crossover with adaptative moving average 100

Type : Bearish

Timeframe : 1 hour

An assessment of technical indicators shows a slightly bullish signal.
No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

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 resistance of channel

Type : Bearish

Timeframe : 1 hour

Near resistance of triangle

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	2.1303	2.1364	2.1412	2.1467	2.1491	2.1575	2.1646
Change (%)	-0.76%	-0.48%	-0.26%	-	+0.11%	+0.50%	+0.83%
Change	-0.0164	-0.0103	-0.0055	-	+0.0024	+0.0108	+0.0179
Level	Intermediate	Intermediate	Minor	-	Major	Major	Minor

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.1262	2.1312	2.1392	2.1442	2.1522	2.1572	2.1652
Camarilla	2.1435	2.1447	2.1459	2.1471	2.1483	2.1495	2.1507
Woodie	2.1276	2.1320	2.1406	2.1450	2.1536	2.1580	2.1666
Fibonacci	2.1312	2.1362	2.1393	2.1442	2.1492	2.1523	2.1572

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.0835	2.1054	2.1239	2.1458	2.1643	2.1862	2.2047
Camarilla	2.1312	2.1349	2.1386	2.1423	2.1460	2.1497	2.1534
Woodie	2.0817	2.1046	2.1221	2.1450	2.1625	2.1854	2.2029
Fibonacci	2.1054	2.1209	2.1304	2.1458	2.1613	2.1708	2.1862

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.9996	2.0438	2.0954	2.1396	2.1912	2.2354	2.2870
Camarilla	2.1208	2.1295	2.1383	2.1471	2.1559	2.1647	2.1735
Woodie	2.0034	2.0457	2.0992	2.1415	2.1950	2.2373	2.2908
Fibonacci	2.0438	2.0804	2.1030	2.1396	2.1762	2.1988	2.2354

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):	53.97
MACD (12,26,9):	0.0016
Directional Movement:	4.5565
AROON (14):	85.7143
DEMA (21):	2.1484
Parabolic SAR (0,02-0,02-0,2):	2.1396
Elder Ray (13):	0.0007
Super Trend (3,10):	2.1404
Zig ZAG (10):	2.1470
VORTEX (21):	1.0520
Stochastique (14,3,5):	82.73
TEMA (21):	2.1489
Williams %R (14):	-36.96
Chande Momentum Oscillator (20):	0.0003
Repulse (5,40,3):	-0.0591
ROCnROLL:	-1
TRIX (15,9):	0.0101
Courbe Coppock:	0.48

MA7:	2.1460
MA20:	2.1294
MA50:	2.1325
MA100:	2.1483
MAexp7:	2.1479
MAexp20:	2.1462
MAexp50:	2.1440
MAexp100:	2.1433
Price / MA7:	+0.03%
Price / MA20:	+0.81%
Price / MA50:	+0.67%
Price / MA100:	-0.07%
Price / MAexp7:	-0.05%
Price / MAexp20:	+0.03%
Price / MAexp50:	+0.13%
Price / MAexp100:	+0.16%

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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