NZD/CZK
NZD CZK
- CZK (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: NZDCZK
ISIN:

NZD/CZK - 1H - Technical analysis published on 04/03/2023 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Bullish
Underlying: Slightly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 13.535 CZK
My targets
13.583 CZK (+0.033)
13.628 CZK (+0.078)
My analysis
The bullish trend is truly tentative and does not seem to be supported in the short term. It is advisable to trade NZD/CZK with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 13.535 CZK. The buyers' bullish objective is set at 13.583 CZK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 13.628 CZK. If there is any crossing, the next objective would be the resistance located at 13.673 CZK. If there is a bearish break in the support located at 13.535 CZK some indecision would arise.

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
0
10
5

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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

NZD/CZK rating 13.550 CZK. The price registered a decrease of -0.01% on the session and was between 13.477 CZK and 13.584 CZK. This implies that the price is at +0.54% from its lowest and at -0.25% from its highest.

13.477
13.584
13.550

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Central Gaps

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:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

Near a new LOW record (5 years)

Type : Bearish

Timeframe : Weekly


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


A technical analysis in 1H of this NZD/CZK chart shows a slightly bullish trend. 53.57% of the signals given by moving averages are bullish. The overall trend remains fragile, as do the slightly bullish signals given by short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:

Central Indicators

Bullish trend reversal : adaptative moving average 100

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : 1 hour



Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner specialised in technical indicators, has not detected anything further.

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Central Patterns

Near resistance of channel

Type : Bearish

Timeframe : 1 hour


Near resistance of triangle

Type : Bearish

Timeframe : 1 hour



There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:

Central Candlesticks

Doji

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 13.477 13.502 13.535 13.550 13.583 13.628 13.673
Change (%) -0.54% -0.35% -0.11% - +0.24% +0.58% +0.91%
Change -0.073 -0.048 -0.015 - +0.033 +0.078 +0.123
Level Minor Minor Minor - 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
Standard13.38813.43213.49213.53613.59613.64013.700
Camarilla13.52213.53213.54213.55113.56113.57013.580
Woodie13.39513.43613.49913.54013.60313.64413.707
Fibonacci13.43213.47213.49713.53613.57613.60113.640


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard13.15613.30413.42813.57613.70013.84813.972
Camarilla13.47613.50113.52613.55113.57613.60113.626
Woodie13.14313.29813.41513.57013.68713.84213.959
Fibonacci13.30413.40813.47213.57613.68013.74413.848


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard12.60813.03013.29113.71313.97414.39614.657
Camarilla13.36313.42613.48813.55113.61413.67613.739
Woodie12.52712.99013.21013.67313.89314.35614.576
Fibonacci13.03013.29113.45213.71313.97414.13514.396

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): 58.48
MACD (12,26,9): 0.0050
Directional Movement: 2.487
AROON (14): 14.285
DEMA (21): 13.537
Parabolic SAR (0,02-0,02-0,2): 13.508
Elder Ray (13): 0.021
Super Trend (3,10): 13.569
Zig ZAG (10): 13.559
VORTEX (21): 1.0690
Stochastique (14,3,5): 67.29
TEMA (21): 13.544
Williams %R (14): -20.56
Chande Momentum Oscillator (20): 0.060
Repulse (5,40,3): 0.1980
ROCnROLL: 1
TRIX (15,9): 0.0010
Courbe Coppock: 0.39
MA7: 13.588
MA20: 13.711
MA50: 13.856
MA100: 14.151
MAexp7: 13.542
MAexp20: 13.533
MAexp50: 13.533
MAexp100: 13.552
Price / MA7: -0.28%
Price / MA20: -1.17%
Price / MA50: -2.21%
Price / MA100: -4.25%
Price / MAexp7: +0.06%
Price / MAexp20: +0.13%
Price / MAexp50: +0.13%
Price / MAexp100: -0.01%

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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