NZD/CZK - 1H - Technical analysis published on 10/20/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
33%
50%
17%
My opinion
Bearish under 15.179 CZK
My targets
15.083 CZK (-0.046)
14.903 CZK (-0.226)
My analysis
The bearish trend is currently very strong for NZD/CZK. As long as the price remains below the resistance at 15.179 CZK, you could try to take advantage of the bearish rally. The first bearish objective is located at 15.083 CZK. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 14.903 CZK as an objective. Crossing it would then enable sellers to target 14.784 CZK. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
6.6
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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
The NZD/CZK price is 15.129 CZK. The price registered a decrease of -0.96% on the session and was between 15.096 CZK and 15.310 CZK. This implies that the price is at +0.22% from its lowest and at -1.18% from its highest.15.096
15.310
15.129
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
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
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
The Central Volumes scanner notes the presence of abnormal volumes:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Technical
Technical analysis of this 1H chart of NZD/CZK indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, of the 18 technical indicators analysed by Central Analyzer, 6 are bullish, 3 are neutral and 9 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : 1 hour
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
RSI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 14.784 | 14.903 | 15.083 | 15.129 | 15.179 | 15.230 | 15.276 |
| Change (%) | -2.28% | -1.49% | -0.30% | - | +0.33% | +0.67% | +0.97% |
| Change | -0.345 | -0.226 | -0.046 | - | +0.050 | +0.101 | +0.147 |
| Level | Minor | Major | Minor | - | Intermediate | Intermediate | Major |
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 | 14.994 | 15.127 | 15.201 | 15.334 | 15.408 | 15.541 | 15.615 |
| Camarilla | 15.218 | 15.237 | 15.256 | 15.275 | 15.294 | 15.313 | 15.332 |
| Woodie | 14.965 | 15.112 | 15.172 | 15.319 | 15.379 | 15.526 | 15.586 |
| Fibonacci | 15.127 | 15.206 | 15.255 | 15.334 | 15.413 | 15.462 | 15.541 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 12.590 | 13.442 | 13.885 | 14.737 | 15.180 | 16.032 | 16.475 |
| Camarilla | 13.971 | 14.090 | 14.208 | 14.327 | 14.446 | 14.564 | 14.683 |
| Woodie | 12.385 | 13.340 | 13.680 | 14.635 | 14.975 | 15.930 | 16.270 |
| Fibonacci | 13.442 | 13.937 | 14.243 | 14.737 | 15.232 | 15.538 | 16.032 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 12.841 | 13.580 | 14.112 | 14.851 | 15.383 | 16.122 | 16.654 |
| Camarilla | 14.295 | 14.411 | 14.528 | 14.644 | 14.761 | 14.877 | 14.994 |
| Woodie | 12.738 | 13.528 | 14.009 | 14.799 | 15.280 | 16.070 | 16.551 |
| Fibonacci | 13.580 | 14.066 | 14.366 | 14.851 | 15.337 | 15.637 | 16.122 |
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): | 28.57 | |
| MACD (12,26,9): | -0.0570 | |
| Directional Movement: | -19.527 | |
| AROON (14): | -85.714 | |
| DEMA (21): | 15.127 | |
| Parabolic SAR (0,02-0,02-0,2): | 15.150 | |
| Elder Ray (13): | -0.041 | |
| Super Trend (3,10): | 15.233 | |
| Zig ZAG (10): | 15.153 | |
| VORTEX (21): | 0.7650 | |
| Stochastique (14,3,5): | 21.89 | |
| TEMA (21): | 15.108 | |
| Williams %R (14): | -69.77 | |
| Chande Momentum Oscillator (20): | -0.093 | |
| Repulse (5,40,3): | 0.2910 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0520 | |
| Courbe Coppock: | 1.66 |
| MA7: | 15.089 | |
| MA20: | 15.211 | |
| MA50: | 15.007 | |
| MA100: | 15.077 | |
| MAexp7: | 15.146 | |
| MAexp20: | 15.201 | |
| MAexp50: | 15.281 | |
| MAexp100: | 15.327 | |
| Price / MA7: | +0.27% | |
| Price / MA20: | -0.54% | |
| Price / MA50: | +0.81% | |
| Price / MA100: | +0.34% | |
| Price / MAexp7: | -0.11% | |
| Price / MAexp20: | -0.47% | |
| Price / MAexp50: | -0.99% | |
| Price / MAexp100: | -1.29% |
Quotes :
2020-10-20 16:26:05
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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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