NZD/CZK - 1H - Technical analysis published on 12/31/2020 (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:
Strongly bullish
Technical indicators
67%
0%
33%
My opinion
Bullish above 15.401 CZK
My targets
15.524 CZK (+0.072)
15.703 CZK (+0.251)
My analysis
NZD/CZK is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 15.401 CZK. The next resistance located at 15.524 CZK is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 15.703 CZK. After this resistance, buyers could then target 15.866 CZK. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem 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
8.2
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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 15.452 CZK. On the day, this instrument gained +0.46% with the lowest point at 15.377 CZK and the highest point at 15.494 CZK. The deviation from the price is +0.49% for the low point and -0.27% for the high point.15.377
15.494
15.452
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:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of NZD/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 market scanner currently does not detect any result that concerns moving averages.
The technical indicators are bullish. There is still some doubt about the price increase.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 15.325 | 15.376 | 15.401 | 15.452 | 15.524 | 15.866 | 16.370 |
| Change (%) | -0.82% | -0.49% | -0.33% | - | +0.47% | +2.68% | +5.94% |
| Change | -0.127 | -0.076 | -0.051 | - | +0.072 | +0.414 | +0.918 |
| Level | Intermediate | Intermediate | Intermediate | - | Major | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 15.177 | 15.225 | 15.304 | 15.352 | 15.431 | 15.479 | 15.558 |
| Camarilla | 15.347 | 15.359 | 15.370 | 15.382 | 15.394 | 15.405 | 15.417 |
| Woodie | 15.192 | 15.233 | 15.319 | 15.360 | 15.446 | 15.487 | 15.573 |
| Fibonacci | 15.225 | 15.274 | 15.304 | 15.352 | 15.401 | 15.431 | 15.479 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14.878 | 14.989 | 15.153 | 15.264 | 15.428 | 15.539 | 15.703 |
| Camarilla | 15.241 | 15.267 | 15.292 | 15.317 | 15.342 | 15.367 | 15.393 |
| Woodie | 14.905 | 15.002 | 15.180 | 15.277 | 15.455 | 15.552 | 15.730 |
| Fibonacci | 14.989 | 15.094 | 15.159 | 15.264 | 15.369 | 15.434 | 15.539 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14.835 | 14.984 | 15.217 | 15.366 | 15.599 | 15.748 | 15.981 |
| Camarilla | 15.345 | 15.380 | 15.415 | 15.450 | 15.485 | 15.520 | 15.555 |
| Woodie | 14.877 | 15.005 | 15.259 | 15.387 | 15.641 | 15.769 | 16.023 |
| Fibonacci | 14.984 | 15.130 | 15.220 | 15.366 | 15.512 | 15.602 | 15.748 |
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): | 72.48 | |
| MACD (12,26,9): | 0.0310 | |
| Directional Movement: | 15.596 | |
| AROON (14): | 57.143 | |
| DEMA (21): | 15.469 | |
| Parabolic SAR (0,02-0,02-0,2): | 15.436 | |
| Elder Ray (13): | 0.026 | |
| Super Trend (3,10): | 15.382 | |
| Zig ZAG (10): | 15.478 | |
| VORTEX (21): | 1.1290 | |
| Stochastique (14,3,5): | 79.76 | |
| TEMA (21): | 15.482 | |
| Williams %R (14): | -4.35 | |
| Chande Momentum Oscillator (20): | 0.085 | |
| Repulse (5,40,3): | 0.3190 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0270 | |
| Courbe Coppock: | 1.02 |
| MA7: | 15.328 | |
| MA20: | 15.324 | |
| MA50: | 15.359 | |
| MA100: | 15.191 | |
| MAexp7: | 15.461 | |
| MAexp20: | 15.429 | |
| MAexp50: | 15.384 | |
| MAexp100: | 15.348 | |
| Price / MA7: | +0.81% | |
| Price / MA20: | +0.84% | |
| Price / MA50: | +0.61% | |
| Price / MA100: | +1.72% | |
| Price / MAexp7: | -0.06% | |
| Price / MAexp20: | +0.15% | |
| Price / MAexp50: | +0.44% | |
| Price / MAexp100: | +0.68% |
Quotes :
2020-12-31 16:30:51
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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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