NZD/CZK - 1H - Technical analysis published on 09/09/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Slightly bullish
Technical indicators
67%
6%
28%
My opinion
Bullish above 14.903 CZK
My targets
15.008 CZK (+0.037)
15.075 CZK (+0.104)
My analysis
The strong short-term increase for NZD/CZK reinforces the current slightly bullish trend. As long as the price remains above 14.903 CZK, you could take advantage of this bullish acceleration. The first bullish objective is located at 15.008 CZK. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 15.075 CZK as an objective. Crossing it would then enable buyers to target 15.179 CZK. A return to 14.903 CZK would be a sign of a possible correction of short-term bullish excesses. In this case, you could stay away while waiting for signals indicating a 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
0
10
4.1
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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 14.971 CZK. The price has increased by +0.48% since the last closing and was traded between 14.897 CZK and 15.005 CZK over the period. The price is currently at +0.50% from its lowest and -0.23% from its highest.14.897
15.005
14.971
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
Technical
Technical analysis of NZD/CZK in 1H shows an overall slightly bullish trend. 53.57% of the signals given by moving averages are bullish. The overall trend could accelerate as strong bullish signals from short-term moving averages are expected. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 12 technical indicators on 18 studied are currently positioned 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
RSI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
The presence of these bearish patterns in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term were also noted
Dark cloud cover
Type : Bearish
Timeframe : 1 hour
Grip top and dark cloud cover
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 14.784 | 14.826 | 14.903 | 14.971 | 14.976 | 15.008 | 15.075 |
| Change (%) | -1.25% | -0.97% | -0.45% | - | +0.03% | +0.25% | +0.69% |
| Change | -0.187 | -0.145 | -0.068 | - | +0.005 | +0.037 | +0.104 |
| Level | Intermediate | Minor | Major | - | Minor | Intermediate | Intermediate |
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 | 14.698 | 14.789 | 14.845 | 14.936 | 14.992 | 15.083 | 15.139 |
| Camarilla | 14.860 | 14.873 | 14.887 | 14.900 | 14.914 | 14.927 | 14.940 |
| Woodie | 14.680 | 14.780 | 14.827 | 14.927 | 14.974 | 15.074 | 15.121 |
| Fibonacci | 14.789 | 14.846 | 14.880 | 14.936 | 14.993 | 15.027 | 15.083 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14.492 | 14.618 | 14.823 | 14.949 | 15.154 | 15.280 | 15.485 |
| Camarilla | 14.937 | 14.967 | 14.998 | 15.028 | 15.058 | 15.089 | 15.119 |
| Woodie | 14.532 | 14.638 | 14.863 | 14.969 | 15.194 | 15.300 | 15.525 |
| Fibonacci | 14.618 | 14.744 | 14.823 | 14.949 | 15.075 | 15.154 | 15.280 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 13.859 | 14.077 | 14.446 | 14.664 | 15.033 | 15.251 | 15.620 |
| Camarilla | 14.654 | 14.707 | 14.761 | 14.815 | 14.869 | 14.923 | 14.976 |
| Woodie | 13.935 | 14.115 | 14.522 | 14.702 | 15.109 | 15.289 | 15.696 |
| Fibonacci | 14.077 | 14.301 | 14.440 | 14.664 | 14.888 | 15.027 | 15.251 |
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): | 60.35 | |
| MACD (12,26,9): | 0.0100 | |
| Directional Movement: | 4.754 | |
| AROON (14): | 57.142 | |
| DEMA (21): | 14.959 | |
| Parabolic SAR (0,02-0,02-0,2): | 15.003 | |
| Elder Ray (13): | 0.020 | |
| Super Trend (3,10): | 14.907 | |
| Zig ZAG (10): | 14.974 | |
| VORTEX (21): | 1.1590 | |
| Stochastique (14,3,5): | 80.64 | |
| TEMA (21): | 14.978 | |
| Williams %R (14): | -31.07 | |
| Chande Momentum Oscillator (20): | 0.065 | |
| Repulse (5,40,3): | 0.1160 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0020 | |
| Courbe Coppock: | 0.90 |
| MA7: | 14.966 | |
| MA20: | 14.691 | |
| MA50: | 14.923 | |
| MA100: | 15.084 | |
| MAexp7: | 14.973 | |
| MAexp20: | 14.952 | |
| MAexp50: | 14.957 | |
| MAexp100: | 14.956 | |
| Price / MA7: | +0.03% | |
| Price / MA20: | +1.91% | |
| Price / MA50: | +0.32% | |
| Price / MA100: | -0.75% | |
| Price / MAexp7: | -0.01% | |
| Price / MAexp20: | +0.13% | |
| Price / MAexp50: | +0.09% | |
| Price / MAexp100: | +0.10% |
Quotes :
2020-09-09 15:49:13
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Real time data
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Forex
This member declared not having a position on this financial instrument or a related financial instrument.
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