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NOK/CZK
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 10/17/2024 (GMT)

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

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Summary of the analysis

Trends
Short term: Neutral
Underlying: Bearish
Technical indicators
61%
6%
33%
My opinion
Bearish under 2.1455 CZK
My targets
2.1303 CZK (-0.0022)
2.1170 CZK (-0.0155)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on NOK/CZK. As long as you are under the resistance located at 2.1455 CZK, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 2.1303 CZK would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 2.1170 CZK as an objective. Crossing it would then enable sellers to target 2.0996 CZK. If the resistance 2.1455 CZK were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.

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
1.4

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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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The NOK/CZK rating is 2.1325 CZK. The price registered a decrease of -0.01% on the session and was between 2.1242 CZK and 2.1357 CZK. This implies that the price is at +0.39% from its lowest and at -0.15% from its highest.

2.1242
2.1357
2.1325

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

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 HIGH record (1 month)

Type : Bullish

Timeframe : Weekly


New LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of NOK/CZK in 1H shows an overall bearish trend. 75.00% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. An assessment of moving averages reveals a bearish signal that could impact this trend:

Central Indicators

Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : 1 hour



An assessment of technical indicators shows a moderate bullish signal.
The Central Indicators scanner found this result concerning these indicators:

Central Indicators

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Central Patterns

Near horizontal support

Type : Bullish

Timeframe : 1 hour



The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 2.0996 2.1170 2.1303 2.1325 2.1455 2.1617 2.1732
Change (%) -1.54% -0.73% -0.10% - +0.61% +1.37% +1.91%
Change -0.0329 -0.0155 -0.0022 - +0.0130 +0.0292 +0.0407
Level Minor Major Major - Intermediate Intermediate Major



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
Standard2.10562.11612.12442.13492.14322.15372.1620
Camarilla2.12752.12932.13102.13272.13442.13622.1379
Woodie2.10452.11562.12332.13442.14212.15322.1609
Fibonacci2.11612.12332.12772.13492.14212.14652.1537


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2.09282.11282.13742.15742.18202.20202.2266
Camarilla2.14972.15382.15792.16202.16612.17022.1743
Woodie2.09512.11402.13972.15862.18432.20322.2289
Fibonacci2.11282.12982.14042.15742.17442.18502.2020


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.99962.04382.09542.13962.19122.23542.2870
Camarilla2.12082.12952.13832.14712.15592.16472.1735
Woodie2.00342.04572.09922.14152.19502.23732.2908
Fibonacci2.04382.08042.10302.13962.17622.19882.2354

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): 52.40
MACD (12,26,9): -0.0006
Directional Movement: 4.9820
AROON (14): 50.0000
DEMA (21): 2.1298
Parabolic SAR (0,02-0,02-0,2): 2.1265
Elder Ray (13): 0.0015
Super Trend (3,10): 2.1361
Zig ZAG (10): 2.1327
VORTEX (21): 1.0038
Stochastique (14,3,5): 73.33
TEMA (21): 2.1311
Williams %R (14): -29.57
Chande Momentum Oscillator (20): 0.0069
Repulse (5,40,3): 0.0391
ROCnROLL: -1
TRIX (15,9): -0.0106
Courbe Coppock: 0.04
MA7: 2.1455
MA20: 2.1509
MA50: 2.1386
MA100: 2.1496
MAexp7: 2.1315
MAexp20: 2.1312
MAexp50: 2.1344
MAexp100: 2.1399
Price / MA7: -0.61%
Price / MA20: -0.86%
Price / MA50: -0.29%
Price / MA100: -0.80%
Price / MAexp7: +0.05%
Price / MAexp20: +0.06%
Price / MAexp50: -0.09%
Price / MAexp100: -0.35%

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
Londinia AI

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