NZD/CZK - 1H - Technical analysis published on 05/14/2024 (GMT)
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I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
61%
6%
33%
My opinion
Bearish under 13.907 CZK
My targets
13.796 CZK (-0.047)
13.773 CZK (-0.070)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 13.907 CZK remains possible. It is advisable to trade NZD/CZK with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 13.907 CZK. The next bearish objective for sellers is set at 13.796 CZK. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 13.773 CZK. In case of crossing, the next objective would be the support located at 13.437 CZK. PS: if there is a bullish break in the resistance located at 13.907 CZK we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
0.7
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Additional analysis
Quotes
NZD/CZK rating 13.843 CZK. On the day, this instrument lost -0.02% and was traded between 13.784 CZK and 13.851 CZK over the period. The price is currently at +0.43% from its lowest and -0.06% from its highest.13.784
13.851
13.843
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by NZD/CZK:
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this NZD/CZK chart shows a bearish trend. 71.43% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The probability of a further increase are moderate given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 13.437 | 13.796 | 13.830 | 13.843 | 13.849 | 13.907 | 13.951 |
| Change (%) | -2.93% | -0.34% | -0.09% | - | +0.04% | +0.46% | +0.78% |
| Change | -0.406 | -0.047 | -0.013 | - | +0.006 | +0.064 | +0.108 |
| Level | Intermediate | Intermediate | Minor | - | Major | Minor | 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 | 13.623 | 13.709 | 13.778 | 13.864 | 13.933 | 14.019 | 14.088 |
| Camarilla | 13.803 | 13.818 | 13.832 | 13.846 | 13.860 | 13.874 | 13.889 |
| Woodie | 13.614 | 13.705 | 13.769 | 13.860 | 13.924 | 14.015 | 14.079 |
| Fibonacci | 13.709 | 13.769 | 13.805 | 13.864 | 13.924 | 13.960 | 14.019 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 13.773 | 13.838 | 13.883 | 13.948 | 13.993 | 14.058 | 14.103 |
| Camarilla | 13.899 | 13.909 | 13.919 | 13.929 | 13.939 | 13.949 | 13.959 |
| Woodie | 13.764 | 13.833 | 13.874 | 13.943 | 13.984 | 14.053 | 14.094 |
| Fibonacci | 13.838 | 13.880 | 13.906 | 13.948 | 13.990 | 14.016 | 14.058 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 13.356 | 13.607 | 13.733 | 13.984 | 14.110 | 14.361 | 14.487 |
| Camarilla | 13.755 | 13.790 | 13.824 | 13.859 | 13.894 | 13.928 | 13.963 |
| Woodie | 13.294 | 13.576 | 13.671 | 13.953 | 14.048 | 14.330 | 14.425 |
| Fibonacci | 13.607 | 13.751 | 13.840 | 13.984 | 14.128 | 14.217 | 14.361 |
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): | 52.34 | |
| MACD (12,26,9): | -0.0070 | |
| Directional Movement: | 2.174 | |
| AROON (14): | -35.715 | |
| DEMA (21): | 13.819 | |
| Parabolic SAR (0,02-0,02-0,2): | 13.785 | |
| Elder Ray (13): | 0.014 | |
| Super Trend (3,10): | 13.853 | |
| Zig ZAG (10): | 13.840 | |
| VORTEX (21): | 1.0310 | |
| Stochastique (14,3,5): | 71.14 | |
| TEMA (21): | 13.826 | |
| Williams %R (14): | -14.93 | |
| Chande Momentum Oscillator (20): | 0.009 | |
| Repulse (5,40,3): | 0.1140 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 0.12 |
| MA7: | 13.923 | |
| MA20: | 13.952 | |
| MA50: | 14.047 | |
| MA100: | 14.103 | |
| MAexp7: | 13.828 | |
| MAexp20: | 13.830 | |
| MAexp50: | 13.853 | |
| MAexp100: | 13.883 | |
| Price / MA7: | -0.57% | |
| Price / MA20: | -0.78% | |
| Price / MA50: | -1.45% | |
| Price / MA100: | -1.84% | |
| Price / MAexp7: | +0.11% | |
| Price / MAexp20: | +0.09% | |
| Price / MAexp50: | -0.07% | |
| Price / MAexp100: | -0.29% |
Quotes :
-
Real time data
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Forex
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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