NZD/CZK - 1H - Technical analysis published on 05/06/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Bullish
Technical indicators
61%
6%
33%
My opinion
Bullish above 15.091 CZK
My targets
15.232 CZK (+0.116)
15.305 CZK (+0.189)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on NZD/CZK. This is a positive signal for buyers. As long as the price remains above 15.091 CZK, a purchase could be considered. The first bullish objective is located at 15.232 CZK. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 15.305 CZK as an objective. Crossing it would then enable buyers to target 15.362 CZK. In the event of a return below 15.091 CZK, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.
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
0
10
6.1
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
NZD/CZK rating 15.116 CZK. The price registered a decrease of +0.13% on the session and was between 15.070 CZK and 15.159 CZK. This implies that the price is at +0.31% from its lowest and at -0.28% from its highest.15.070
15.159
15.116
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
The Central Volumes scanner detects abnormal volumes on the asset:
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in 1H of this NZD/CZK chart shows a bullish trend. 75% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators shows a moderate bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 14.903 | 15.001 | 15.091 | 15.116 | 15.232 | 15.305 | 15.362 |
| Change (%) | -1.41% | -0.76% | -0.17% | - | +0.77% | +1.25% | +1.63% |
| Change | -0.213 | -0.115 | -0.025 | - | +0.116 | +0.189 | +0.246 |
| Level | Major | Minor | Major | - | Minor | Major | 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 | 14.883 | 14.942 | 15.019 | 15.078 | 15.155 | 15.214 | 15.291 |
| Camarilla | 15.059 | 15.071 | 15.084 | 15.096 | 15.109 | 15.121 | 15.133 |
| Woodie | 14.892 | 14.947 | 15.028 | 15.083 | 15.164 | 15.219 | 15.300 |
| Fibonacci | 14.942 | 14.994 | 15.026 | 15.078 | 15.130 | 15.162 | 15.214 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14.460 | 14.710 | 14.860 | 15.110 | 15.260 | 15.510 | 15.660 |
| Camarilla | 14.899 | 14.936 | 14.972 | 15.009 | 15.046 | 15.082 | 15.119 |
| Woodie | 14.409 | 14.685 | 14.809 | 15.085 | 15.209 | 15.485 | 15.609 |
| Fibonacci | 14.710 | 14.863 | 14.958 | 15.110 | 15.263 | 15.358 | 15.510 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14.102 | 14.405 | 14.781 | 15.084 | 15.460 | 15.763 | 16.139 |
| Camarilla | 14.971 | 15.034 | 15.096 | 15.158 | 15.220 | 15.283 | 15.345 |
| Woodie | 14.140 | 14.423 | 14.819 | 15.102 | 15.498 | 15.781 | 16.177 |
| Fibonacci | 14.405 | 14.664 | 14.824 | 15.084 | 15.343 | 15.503 | 15.763 |
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): | 61.92 | |
| MACD (12,26,9): | 0.0200 | |
| Directional Movement: | 6.758 | |
| AROON (14): | 64.286 | |
| DEMA (21): | 15.127 | |
| Parabolic SAR (0,02-0,02-0,2): | 15.065 | |
| Elder Ray (13): | 0.035 | |
| Super Trend (3,10): | 15.047 | |
| Zig ZAG (10): | 15.148 | |
| VORTEX (21): | 1.1420 | |
| Stochastique (14,3,5): | 80.83 | |
| TEMA (21): | 15.133 | |
| Williams %R (14): | -13.08 | |
| Chande Momentum Oscillator (20): | 0.023 | |
| Repulse (5,40,3): | 0.2120 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0200 | |
| Courbe Coppock: | 0.27 |
| MA7: | 15.138 | |
| MA20: | 15.097 | |
| MA50: | 14.814 | |
| MA100: | 14.879 | |
| MAexp7: | 15.120 | |
| MAexp20: | 15.098 | |
| MAexp50: | 15.077 | |
| MAexp100: | 15.091 | |
| Price / MA7: | -0.15% | |
| Price / MA20: | +0.13% | |
| Price / MA50: | +2.04% | |
| Price / MA100: | +1.59% | |
| Price / MAexp7: | -0.03% | |
| Price / MAexp20: | +0.12% | |
| Price / MAexp50: | +0.26% | |
| Price / MAexp100: | +0.17% |
This member declared not having a position on this financial instrument or a related financial instrument.
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