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 12/23/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

56%

17%

28%

My opinion

Bullish above 2.1198 CZK

My targets

2.1389 CZK (+0.0083)

2.1468 CZK (+0.0162)

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 2.1198 CZK. The buyers' bullish objective is set at 2.1389 CZK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 2.1468 CZK. If there is any crossing, the next objective would be the resistance located at 2.1532 CZK.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

5.5

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 2.1306 CZK. On the day, this instrument lost -0.01% and was between 2.1205 CZK and 2.1371 CZK. This implies that the price is at +0.48% from its lowest and at -0.30% from its highest.

2.1205

2.1371

2.1306

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

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

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 75.00% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:

Bullish trend reversal : Moving Average 100

Type : Bullish

Timeframe : 1 hour

In fact, according to the parameters integrated into the Central Analyzer system, 10 technical indicators out of 18 analysed are currently bullish. The Central Indicators scanner found this result concerning these indicators:

Williams %R indicator is back over -50

Type : Bullish

Timeframe : 1 hour

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

Near resistance of channel

Type : Bearish

Timeframe : 1 hour

The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:

Doji

Type : Neutral

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	2.1167	2.1198	2.1301	2.1306	2.1389	2.1468	2.1532
Change (%)	-0.65%	-0.51%	-0.02%	-	+0.39%	+0.76%	+1.06%
Change	-0.0139	-0.0108	-0.0005	-	+0.0083	+0.0162	+0.0226
Level	Intermediate	Minor	Major	-	Major	Minor	Intermediate

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	2.1013	2.1073	2.1191	2.1251	2.1369	2.1429	2.1547
Camarilla	2.1259	2.1275	2.1292	2.1308	2.1324	2.1341	2.1357
Woodie	2.1041	2.1088	2.1219	2.1266	2.1397	2.1444	2.1575
Fibonacci	2.1073	2.1141	2.1183	2.1251	2.1319	2.1361	2.1429

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.0867	2.1001	2.1154	2.1288	2.1441	2.1575	2.1728
Camarilla	2.1229	2.1255	2.1282	2.1308	2.1334	2.1361	2.1387
Woodie	2.0878	2.1006	2.1165	2.1293	2.1452	2.1580	2.1739
Fibonacci	2.1001	2.1110	2.1178	2.1288	2.1397	2.1465	2.1575

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.0246	2.0675	2.1152	2.1581	2.2058	2.2487	2.2964
Camarilla	2.1380	2.1463	2.1546	2.1629	2.1712	2.1795	2.1878
Woodie	2.0270	2.0687	2.1176	2.1593	2.2082	2.2499	2.2988
Fibonacci	2.0675	2.1021	2.1235	2.1581	2.1927	2.2141	2.2487

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):	56.83
MACD (12,26,9):	0.0021
Directional Movement:	4.7219
AROON (14):	57.1429
DEMA (21):	2.1315
Parabolic SAR (0,02-0,02-0,2):	2.1367
Elder Ray (13):	0.0001
Super Trend (3,10):	2.1224
Zig ZAG (10):	2.1319
VORTEX (21):	1.0198
Stochastique (14,3,5):	46.11
TEMA (21):	2.1326
Williams %R (14):	-45.76
Chande Momentum Oscillator (20):	0.0042
Repulse (5,40,3):	0.0013
ROCnROLL:	1
TRIX (15,9):	0.0156
Courbe Coppock:	0.34

MA7:	2.1321
MA20:	2.1456
MA50:	2.1452
MA100:	2.1418
MAexp7:	2.1308
MAexp20:	2.1289
MAexp50:	2.1271
MAexp100:	2.1283
Price / MA7:	-0.07%
Price / MA20:	-0.70%
Price / MA50:	-0.68%
Price / MA100:	-0.52%
Price / MAexp7:	-0.01%
Price / MAexp20:	+0.08%
Price / MAexp50:	+0.16%
Price / MAexp100:	+0.11%

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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