NZD/CZK - 1H - Technical analysis published on 07/12/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
22%
50%
28%
My opinion
Bearish under 14.236 CZK
My targets
14.193 CZK (-0.027)
14.175 CZK (-0.045)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on NZD/CZK as long as the price remains well below 14.236 CZK. The next bearish objective for sellers is set at 14.193 CZK. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 14.175 CZK. If there is any crossing, the next objective would be the support located at 13.843 CZK. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
6.3
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The NZD/CZK rating is 14.220 CZK. The price registered a decrease of -0.03% on the session and was traded between 14.175 CZK and 14.248 CZK over the period. The price is currently at +0.32% from its lowest and -0.20% from its highest.14.175
14.248
14.220
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 year)
Type : Bullish
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
Technical analysis of this 1H chart of NZD/CZK indicates that the overall trend is strongly bearish. 89.29% of the signals given by moving averages are bearish. This strongly bearish trend is showing signs of slowing down given the slightly bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
The Central Indicators scanner found this result concerning these indicators:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
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:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 14.175 | 14.193 | 14.216 | 14.220 | 14.236 | 14.269 | 14.289 |
| Change (%) | -0.32% | -0.19% | -0.03% | - | +0.11% | +0.34% | +0.49% |
| Change | -0.045 | -0.027 | -0.004 | - | +0.016 | +0.049 | +0.069 |
| Level | Minor | Major | Minor | - | Minor | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14.091 | 14.145 | 14.185 | 14.239 | 14.279 | 14.333 | 14.373 |
| Camarilla | 14.198 | 14.207 | 14.215 | 14.224 | 14.233 | 14.241 | 14.250 |
| Woodie | 14.083 | 14.142 | 14.177 | 14.236 | 14.271 | 14.330 | 14.365 |
| Fibonacci | 14.145 | 14.181 | 14.203 | 14.239 | 14.275 | 14.297 | 14.333 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14.056 | 14.102 | 14.178 | 14.224 | 14.300 | 14.346 | 14.422 |
| Camarilla | 14.220 | 14.231 | 14.242 | 14.253 | 14.264 | 14.275 | 14.287 |
| Woodie | 14.070 | 14.110 | 14.192 | 14.232 | 14.314 | 14.354 | 14.436 |
| Fibonacci | 14.102 | 14.149 | 14.178 | 14.224 | 14.271 | 14.300 | 14.346 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 13.582 | 13.746 | 13.992 | 14.156 | 14.402 | 14.566 | 14.812 |
| Camarilla | 14.124 | 14.162 | 14.199 | 14.237 | 14.275 | 14.312 | 14.350 |
| Woodie | 13.622 | 13.767 | 14.032 | 14.177 | 14.442 | 14.587 | 14.852 |
| Fibonacci | 13.746 | 13.903 | 14.000 | 14.156 | 14.313 | 14.410 | 14.566 |
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): | 44.71 | |
| MACD (12,26,9): | -0.0060 | |
| Directional Movement: | -0.360 | |
| AROON (14): | -28.571 | |
| DEMA (21): | 14.217 | |
| Parabolic SAR (0,02-0,02-0,2): | 14.245 | |
| Elder Ray (13): | -0.007 | |
| Super Trend (3,10): | 14.271 | |
| Zig ZAG (10): | 14.217 | |
| VORTEX (21): | 0.9650 | |
| Stochastique (14,3,5): | 18.06 | |
| TEMA (21): | 14.218 | |
| Williams %R (14): | -79.49 | |
| Chande Momentum Oscillator (20): | -0.021 | |
| Repulse (5,40,3): | -0.0330 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0070 | |
| Courbe Coppock: | 0.05 |
| MA7: | 14.249 | |
| MA20: | 14.225 | |
| MA50: | 14.076 | |
| MA100: | 14.088 | |
| MAexp7: | 14.220 | |
| MAexp20: | 14.225 | |
| MAexp50: | 14.237 | |
| MAexp100: | 14.245 | |
| Price / MA7: | -0.20% | |
| Price / MA20: | -0.04% | |
| Price / MA50: | +1.02% | |
| Price / MA100: | +0.94% | |
| Price / MAexp7: | -0% | |
| Price / MAexp20: | -0.04% | |
| Price / MAexp50: | -0.12% | |
| Price / MAexp100: | -0.18% |
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.
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