NOK/CZK

- CZK (-)

- Real time data - Forex

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Change:	-
Volume:	-

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High / Low range:	-

Type:	Forex
Ticker:	NOKCZK
ISIN:

NOK/CZK - 1H - Technical analysis published on 11/20/2024 (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

72%

11%

17%

My opinion

Bullish above 2.1667 CZK

My targets

2.1777 CZK (+0.0025)

2.1931 CZK (+0.0179)

My analysis

The bullish trend is currently very strong on NOK/CZK. As long as the price remains above the support at 2.1667 CZK, you could try to benefit from the boom. The first bullish objective is located at 2.1777 CZK. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 2.1931 CZK as an objective. Crossing it would then enable buyers to target 2.2074 CZK. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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.

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

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

NOK/CZK rating 2.1752 CZK. The price registered a decrease of -0.01% on the session and was traded between 2.1669 CZK and 2.1756 CZK over the period. The price is currently at +0.38% from its lowest and -0.02% from its highest.

2.1669

2.1756

2.1752

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

Here is a more detailed summary of the historical variations registered by NOK/CZK:

The Central Records scanner for higher/lower results shows the following items:

Near a new HIGH record (1 year)

Type : Bullish

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 strongly bullish. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found this result concerning these indicators:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

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 horizontal support

Type : Bullish

Timeframe : 1 hour

Support of channel is broken

Type : Bearish

Timeframe : 1 hour

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:

Doji

Type : Neutral

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	2.1581	2.1667	2.1732	2.1752	2.1777	2.1931	2.2074
Change (%)	-0.79%	-0.39%	-0.09%	-	+0.11%	+0.82%	+1.48%
Change	-0.0171	-0.0085	-0.0020	-	+0.0025	+0.0179	+0.0322
Level	Minor	Intermediate	Major	-	Intermediate	Minor	Major

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.1429	2.1525	2.1639	2.1735	2.1849	2.1945	2.2059
Camarilla	2.1696	2.1716	2.1735	2.1754	2.1773	2.1793	2.1812
Woodie	2.1439	2.1530	2.1649	2.1740	2.1859	2.1950	2.2069
Fibonacci	2.1525	2.1605	2.1654	2.1735	2.1815	2.1864	2.1945

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.1160	2.1263	2.1450	2.1553	2.1740	2.1843	2.2030
Camarilla	2.1556	2.1583	2.1609	2.1636	2.1663	2.1689	2.1716
Woodie	2.1201	2.1284	2.1491	2.1574	2.1781	2.1864	2.2071
Fibonacci	2.1263	2.1374	2.1443	2.1553	2.1664	2.1733	2.1843

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.0263	2.0690	2.0921	2.1348	2.1579	2.2006	2.2237
Camarilla	2.0972	2.1032	2.1093	2.1153	2.1213	2.1274	2.1334
Woodie	2.0166	2.0641	2.0824	2.1299	2.1482	2.1957	2.2140
Fibonacci	2.0690	2.0941	2.1096	2.1348	2.1599	2.1754	2.2006

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):	57.20
MACD (12,26,9):	0.0004
Directional Movement:	9.3866
AROON (14):	-78.5714
DEMA (21):	2.1731
Parabolic SAR (0,02-0,02-0,2):	2.1766
Elder Ray (13):	0.0018
Super Trend (3,10):	2.1643
Zig ZAG (10):	2.1746
VORTEX (21):	0.9853
Stochastique (14,3,5):	74.48
TEMA (21):	2.1721
Williams %R (14):	-8.33
Chande Momentum Oscillator (20):	0.0010
Repulse (5,40,3):	0.1803
ROCnROLL:	1
TRIX (15,9):	0.0034
Courbe Coppock:	0.19

MA7:	2.1634
MA20:	2.1428
MA50:	2.1438
MA100:	2.1417
MAexp7:	2.1725
MAexp20:	2.1723
MAexp50:	2.1700
MAexp100:	2.1655
Price / MA7:	+0.55%
Price / MA20:	+1.51%
Price / MA50:	+1.46%
Price / MA100:	+1.56%
Price / MAexp7:	+0.12%
Price / MAexp20:	+0.13%
Price / MAexp50:	+0.24%
Price / MAexp100:	+0.44%

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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