NZD/CZK - 1H - Technical analysis published on 11/20/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Slightly bullish
Technical indicators
22%
28%
50%
My opinion
Bullish above 14.796 CZK
My targets
14.839 CZK (+0.11%)
14.903 CZK (+0.54%)
My analysis
The basic trend is currently slightly bullish on NZD/CZK and the short term does not seem to show any sign of improvement. Buyers are struggling to get their hands on this instrument. However, as long as the price remains above 14.796 CZK, purchases could be favourable. The first bullish objective would be the resistance located at 14.839 CZK. Then the price could move towards 14.903 CZK. Then 15.095 CZK by extension. A return under the support to 14.796 CZK could jeopardize this fragile bullish trend. Indecision would then be total and in this case you could keep away.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
FORCE
0
10
2.3
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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 14.823 CZK. On the day, this instrument lost -0.11% and was between 14.797 CZK and 14.847 CZK. This implies that the price is at +0.18% from its lowest and at -0.16% from its highest.14.797
14.847
14.823
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 (5 years)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this NZD/CZK chart shows a slightly bullish trend. Only 60.71% of the signals given by moving averages are bullish. This slightly bullish trend is not supported by the signals currently being given by short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
On the 18 technical indicators analysed, 4 are bullish, 9 are neutral and 5 are bearish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Bullish engulfing lines
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 14.682 | 14.737 | 14.796 | 14.823 | 14.839 | 14.903 | 15.095 |
| Change (%) | -0.95% | -0.58% | -0.18% | - | +0.11% | +0.54% | +1.83% |
| Change | -0.141 | -0.086 | -0.027 | - | +0.016 | +0.080 | +0.272 |
| Level | Minor | Major | Major | - | Intermediate | Major | 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 | 14.671 | 14.705 | 14.772 | 14.806 | 14.873 | 14.907 | 14.974 |
| Camarilla | 14.811 | 14.821 | 14.830 | 14.839 | 14.848 | 14.858 | 14.867 |
| Woodie | 14.688 | 14.713 | 14.789 | 14.814 | 14.890 | 14.915 | 14.991 |
| Fibonacci | 14.705 | 14.744 | 14.767 | 14.806 | 14.845 | 14.868 | 14.907 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14.384 | 14.506 | 14.670 | 14.792 | 14.956 | 15.078 | 15.242 |
| Camarilla | 14.754 | 14.781 | 14.807 | 14.833 | 14.859 | 14.885 | 14.912 |
| Woodie | 14.404 | 14.517 | 14.690 | 14.803 | 14.976 | 15.089 | 15.262 |
| Fibonacci | 14.506 | 14.616 | 14.683 | 14.792 | 14.902 | 14.969 | 15.078 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14.163 | 14.354 | 14.511 | 14.702 | 14.859 | 15.050 | 15.207 |
| Camarilla | 14.573 | 14.605 | 14.637 | 14.669 | 14.701 | 14.733 | 14.765 |
| Woodie | 14.147 | 14.346 | 14.495 | 14.694 | 14.843 | 15.042 | 15.191 |
| Fibonacci | 14.354 | 14.487 | 14.569 | 14.702 | 14.835 | 14.917 | 15.050 |
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): | 53.89 | |
| MACD (12,26,9): | 0.0040 | |
| Directional Movement: | 1.013 | |
| AROON (14): | -57.143 | |
| DEMA (21): | 14.825 | |
| Parabolic SAR (0,02-0,02-0,2): | 14.839 | |
| Elder Ray (13): | 0.004 | |
| Super Trend (3,10): | 14.785 | |
| Zig ZAG (10): | 14.822 | |
| VORTEX (21): | 1.0240 | |
| Stochastique (14,3,5): | 47.33 | |
| TEMA (21): | 14.825 | |
| Williams %R (14): | -50.00 | |
| Chande Momentum Oscillator (20): | -0.007 | |
| Repulse (5,40,3): | -0.0050 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0060 | |
| Courbe Coppock: | 0.11 |
| MA7: | 14.813 | |
| MA20: | 14.719 | |
| MA50: | 14.760 | |
| MA100: | 14.909 | |
| MAexp7: | 14.821 | |
| MAexp20: | 14.819 | |
| MAexp50: | 14.811 | |
| MAexp100: | 14.804 | |
| Price / MA7: | +0.07% | |
| Price / MA20: | +0.71% | |
| Price / MA50: | +0.43% | |
| Price / MA100: | -0.58% | |
| Price / MAexp7: | +0.01% | |
| Price / MAexp20: | +0.03% | |
| Price / MAexp50: | +0.08% | |
| Price / MAexp100: | +0.13% |
This member declared not having a position on this financial instrument or a related financial instrument.
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