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 10/25/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

83%

11%

My opinion

Bullish above 2.1303 CZK

My targets

2.1404 CZK (+0.0039)

2.1466 CZK (+0.0101)

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 2.1303 CZK. The buyers' bullish objective is set at 2.1404 CZK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 2.1466 CZK. If there is any crossing, the next objective would be the resistance located at 2.1732 CZK.

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

6.4

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 rating is 2.1365 CZK. The price has increased by +0.35% since the last closing and was between 2.1269 CZK and 2.1373 CZK. This implies that the price is at +0.45% from its lowest and at -0.04% from its highest.

2.1269

2.1373

2.1365

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bearish opening

Type : Bearish

Timeframe : Openning

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:

New HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

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 bullish. The signals returned by the moving averages are 71.43% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Moving Average bullish crossovers : AMA20 & AMA50

Type : Bullish

Timeframe : 1 hour

In fact, 15 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found no further results concerning independent technical indicators.

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

Near resistance of triangle

Type : Bearish

Timeframe : 1 hour

Resistance of channel is broken

Type : Bullish

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	2.1250	2.1303	2.1358	2.1365	2.1404	2.1466	2.1732
Change (%)	-0.54%	-0.29%	-0.03%	-	+0.18%	+0.47%	+1.72%
Change	-0.0115	-0.0062	-0.0007	-	+0.0039	+0.0101	+0.0367
Level	Major	Major	Intermediate	-	Major	Minor	Major

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.1076	2.1162	2.1227	2.1313	2.1378	2.1464	2.1529
Camarilla	2.1250	2.1263	2.1277	2.1291	2.1305	2.1319	2.1333
Woodie	2.1065	2.1157	2.1216	2.1308	2.1367	2.1459	2.1518
Fibonacci	2.1162	2.1220	2.1256	2.1313	2.1371	2.1407	2.1464

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.0653	2.0939	2.1099	2.1385	2.1545	2.1831	2.1991
Camarilla	2.1135	2.1176	2.1217	2.1258	2.1299	2.1340	2.1381
Woodie	2.0589	2.0908	2.1035	2.1354	2.1481	2.1800	2.1927
Fibonacci	2.0939	2.1110	2.1215	2.1385	2.1556	2.1661	2.1831

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 is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	64.68
MACD (12,26,9):	0.0009
Directional Movement:	84.0962
AROON (14):	35.7142
DEMA (21):	2.1325
Parabolic SAR (0,02-0,02-0,2):	2.1275
Elder Ray (13):	0.0035
Super Trend (3,10):	2.1266
Zig ZAG (10):	2.1357
VORTEX (21):	1.1899
Stochastique (14,3,5):	93.56
TEMA (21):	2.1339
Williams %R (14):	-8.25
Chande Momentum Oscillator (20):	0.0060
Repulse (5,40,3):	0.1610
ROCnROLL:	1
TRIX (15,9):	-0.0015
Courbe Coppock:	0.45

MA7:	2.1327
MA20:	2.1473
MA50:	2.1383
MA100:	2.1486
MAexp7:	2.1338
MAexp20:	2.1319
MAexp50:	2.1320
MAexp100:	2.1330
Price / MA7:	+0.18%
Price / MA20:	-0.50%
Price / MA50:	-0.08%
Price / MA100:	-0.56%
Price / MAexp7:	+0.13%
Price / MAexp20:	+0.22%
Price / MAexp50:	+0.21%
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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